All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jun 1 2009 // Federal lawmakers once again are preparing to tackle the issue of how states can more effectively regulate the surplus lines insurance market. It’s been tried before, but legislation was recently reintroduced in the...
May 28 2009 // Catastrophic events, the economy and changes in reinsurance capacity have the greatest impact on the availability and pricing of specialty lines coverage in 2009, according to professionals in the surplus lines...
May 27 2009 // The Hanover’s CEO Fred Eppinger says the specialty lines business will be a key growth engine for the Worcester, Massachusetts-based super-regional insurer in the next several years.Over the last year, revenue from...
May 22 2009 // Legislation aimed at making access to the surplus lines market more efficient and help standardize state insurance regulation has been introduced again in the U.S. House of Representatives.Reps. Dennis Moore, D-Kan., and...
May 21 2009 // New York’s second-largest medical malpractice insurer is more than $43 million in the hole, according to new regulatory filings, but state regulators are legally forbidden from initiating the process to liquidate or...
May 21 2009 // The Swiss Re Group has announced the appointment, effective immediately, of Rudolf Flunger as Head of Insurance & Specialty, the company’s division responsible for commercial insurance, industrial insurance,...
May 18 2009 // Managing general agents have a positive attitude about the soft market and recession, figuring what went down must come up again, according to Curtis Anderson, incoming president of the Association of Managing General...
May 18 2009 // Lloyd’s of London has issued a summary of a report – “Resilient Coasts: a Blueprint for Action” – originally prepared by the Heinz Center and Ceres, which analyzes the threat to U.S....
May 15 2009 // Bermuda-based Montpelier Re Holdings Ltd. announced that Montpelier Syndicate 5151 will begin underwriting marine insurance business in August 2009.“The new marine account will consist of hull, cargo and specie...
May 13 2009 // American Specialty Insurance & Risk Services Inc., a wholly-owned subsidiary of Brown & Brown Inc., has named Tony L. Wittwer president of the Roanoke, Indiana-based sports, motorsports and recreation specialty...
May 12 2009 // The London-based Marketform Group Limited, a leading market for non-US medical malpractice and other specialty lines, has announced that it is now underwriting five new classes of business.Chairman Holly Bellingham...
May 11 2009 // Chicago-based Specialty Underwriters’ Alliance Inc. reported that although net income was down in the first quarter of 2009 compared to the same period a year ago, gross written premiums rose to $29 million compared...
May 8 2009 // Syndicate 382 – Hardy Underwriting A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A ‘(Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 382,...
May 7 2009 // Two bills of interest to the insurance industry are making their way through the Louisiana legislative session, which convened April 27.House Bill 333, by Rep. Kleckley, which places limitations on named-storm, hurricane,...
May 6 2009 // “Piracy in the Gulf of Aden and off the coast of Eastern-Africa is increasing. By the end of April there had been 79 attempted and completed hijacks by Somali pirates this year,” notes an article on the...
May 6 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Torus Specialty Insurance Company, formerly known as Praetorian...
May 6 2009 // The Bermuda-based Max Capital Group reported net income for the three months ended March 31, 2009 of $44.5 million, or $0.78 per diluted share, compared to net income of $7.7 million, or $0.13 per diluted share, for the...
May 4 2009 // Twittering Mississippi“With a diverse group of staff members with different skills and knowledge of various technologies, Twitter was mentioned as one of the most efficient ways to connect with people, and it’s...
May 4 2009 // Florida Gov. Charlie Crist has a bill on his desk that promises to clarify the state’s regulation of the surplus lines insurance business.The Florida Senate on May 1 joined in the House in passing the measure lobbied...
May 1 2009 // Lloyd’s announced that it will repurchase the local currency equivalent of £102 million ($151.67 million) of its outstanding debt securities, following its invitation to holders to submit offers to sell their...