All the headlines from our Excess Surplus Topic Page, ordered by recency.
Oct 13 2009 // Financier Allen Stanford and other executives who face charges related to an alleged $7 billion fraud may file claims for defense funds under a directors’ and officers’ insurance policy, a federal judge said...
Oct 5 2009 // Jim Newberry, assistant vice president and risk control manager of Island Insurance in Honolulu, has received the Risk Management/Insurance Practice Specialty Safety Professional of the Year Award. The award is from the...
Oct 5 2009 // The bond between the United States and the U.K. has been the subject of a significant amount of media comment in recent weeks on both sides of the Atlantic. Our long held “special” relationship seems to have...
Oct 5 2009 // Cell phones, smart phones, MP3 players, computers, e-mail, the list goes on and on of technological inventions that are part of our everyday lives.The observation that electronic data density doubles every 18 months —...
Oct 5 2009 // Lloyd’s of London has told a federal judge he should not allocate the proceeds of a directors and officers insurance policy for accused swindler Allen Stanford and other executives because they have no guarantee of...
Oct 5 2009 // London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers, accountants and their adjuncts, who work together to sell “The...
Oct 5 2009 // In December 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30 years during which he helped the company become one of parent American International...
Oct 5 2009 // London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers, accountants and their adjuncts, who work together to sell “The...
Oct 1 2009 // New York-based Valiant Insurance Group, Inc. has opened a new office in Atlanta, expanding its specialty and casualty operations.Valiant has recruited a team of primary and excess casualty professionals from Markel Corp....
Sep 28 2009 // In 2008, the underwriting and operating performance of surplus lines companies continued to outpace that of the total property/casualty industry, although at a diminished level from 2007 due to persistent soft market...
Sep 28 2009 // Private U.S. property/casualty insurers’ net income after taxes fell 59.3 percent to $5.8 billion in first-half 2009 from $14.1 billion in first-half 2008. Insurers’ overall profitability as measured by their...
Sep 24 2009 // Lloyd’s conservative management, combined with a notable lack of major natural catastrophes, has resulted in a £1.32 billion ($2.18 billion) pretax profit for the first half of 2009, compared to £949...
Sep 24 2009 // Bermuda-based Flagstone Reinsurance Holdings Limited announced that a team lead by Nick Jones has joined its Lloyd’s underwriting operation, Marlborough Underwriting Agency Ltd., to create a worldwide property...
Sep 23 2009 // A financial service worker in South Carolina was sentenced today to two years in prison for using a scheme to dupe mortgage companies and homeowners in Eastern Kentucky.David C. Thomas, of Greenville, S.C. admitted he...
Sep 22 2009 // Lloyd’s has welcomed its newest group of graduate students. The latest batch of successful applicants to work in at One Lime Street “will start an 18-month rotation that will see them working in three six-month...
Sep 21 2009 // Lloyd’s announced that it has opened its first representative office in Scandinavia in Sweden, which will act as the hub for all of its Nordic operations.The office, in Stockholm, will be run by Lloyd’s Nordic...
Sep 21 2009 // The Web site for Hanover Excess (www.hanoverxs.com) proclaims that the people at this North Carolina excess and surplus brokerage believe in the “pursuit of excellence while keeping a sense of humor.”David...
Sep 21 2009 // Louisiana-based insurance wholesaler, Specialty Risk Associates Inc., announced several changes to its management team.Thomas Garland was named chief operating officer. Garland joined Specialty Risk in 2004 as vice...
Sep 21 2009 // The House of Representatives passed HR 2571, the Non-Admitted and Reinsurance Reform Act of 2009, on Sept. 9.The bill, authored by Reps. Dennis Moore, D-Kan., and Scott Garrett, R-N.J, will simplify the tax remittance and...
Sep 18 2009 // Lloyd’s of London Chairman, Lord Peter Levene, strongly defended the important role financial services play in the UK’s economy in general and in the City of London in particular. Levene chastised policymakers,...