All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jul 15 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Omega Specialty Insurance Company Limited (OSIL), both with stable...
Jul 14 2009 // A new report from Lloyd’s warns that, although “synthetic biology has been hailed as a potential solution to looming global threats,” it requires careful handling. “Governments and interest groups...
Jul 14 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Company (China)...
Jul 10 2009 // Hawai’i Insurance Commissioner J. P. Schmidt has approved Universal Insurance Holdings of North America’s (Universal North America) purchase of ICAT Specialty Insurance Co.(ISIC).Universal North America writes...
Jul 9 2009 // “The H1N1 ‘swine flu’ pandemic, which has sparked widespread fear and disruption across the globe, has shone a spotlight on a risk that many companies have disregarded in the past few years,” notes...
Jul 8 2009 // The American Association of Managing General Agents presented two advertising and marketing awards to Abram Interstate Insurance Services, Inc. in Rocklin, California at their 83rd annual meeting.Abram Interstate won first...
Jul 8 2009 // Lloyd’s of London Chairman Lord Peter Levene addressed a major security conference in Brussels on Thursday. The meeting, held under the aegis of NATO Secretary General, Jaap de Hoop Scheffer, aims to redefine...
Jul 6 2009 // Michael Jackson’s untimely death, barely two weeks before he was to begin a long awaited series of 50 concerts, stretching over 8 months, continues to be headline news. It’s also news of another sort in the...
Jul 6 2009 // DeCotis Insurance Associates Inc. has named Devin B. Haughey chief operations manager. Haughey will oversee the general management and operations of DeCotis, an independent excess, surplus and specialty lines firm with...
Jul 6 2009 // New York-based Tower Group Inc. has agreed to purchase Specialty Underwriters’ Alliance Inc., headquartered in Chicago, in a transaction valued at approximately $107 million.SUA said the deal will enable it to better...
Jul 6 2009 // Michael Jackson’s untimely death, barely two weeks before he was to begin a long awaited series of 50 concerts stretching over eight months, has been the world’s top story. It’s also a story in London,...
Jul 2 2009 // Louisiana Commissioner of Insurance Jim Donelon says the recently adjourned 2009 Regular Session of the Louisiana Legislature was a success when it came to insurance legislation.The Department of Insurance (DOI) saw 20 out...
Jul 2 2009 // Chicago-based Specialty Underwriters’ Alliance Inc. announced that Mark E. Pape has been appointed to its board of directors.Pape, a seasoned insurance executive, is currently a partner at Tatum LLC, the largest...
Jul 1 2009 // LoriAnn Lowery has resigned her position as the President of Lloyd’s North America after a little more than a year on the job. Sue Langley, Lloyd’s Director, Market Operations and North America, said Lowery,...
Jul 1 2009 // TAPCO Underwriters, Inc., a Burlington, North Carolina-based excess and surplus lines managing general agency, is now offering its services to retail insurance agents in Mississippi.TAPCO is known for its unique service...
Jul 1 2009 // Starr Underwriting Agents Limited and Starr Specialty Lines Insurance Agency, LLC, both subsidiaries of C. V. Starr & Co., Inc. announced that they can now offer additional capacity of up to $75 million “through...
Jun 26 2009 // Legislation aimed at streamlining and reducing barriers in state regulation of surplus lines insurance and reinsurance has been introduced in the U.S. Senate.The Nonadmitted and Reinsurance Reform Act (NRRA) of 2009, or S...
Jun 23 2009 // Ironshore Inc. reported it has raised equity financing of up to $300 million to support the continued expansion of its specialty insurance business.In connection with this financing, Ironshore said it has entered into an...
Jun 23 2009 // Chicago-based Specialty Underwriters’ Alliance Inc. has amended its Partner Agent Program Agreements with its three largest Partner Agents – Risk Transfer Programs LLC (RTP); American Team Managers Insurance...
Jun 22 2009 // A coalition of more than 200 healthcare providers and policyholders has gone to court, saying the state has no right to take a $110 million surplus from a New Hampshire fund that underwrites malpractice insurance and use...