All the headlines from our Excess Surplus Topic Page, ordered by recency.
Sep 25 2008 // Lloyd’s has reported interim results, which show a marked decline in profits for the first six months of 2008. Nonetheless, compared to what’s been happening in the global financial sector (where Lloyd’s...
Sep 23 2008 // Lloyd’s has welcomed the first group of candidates to be accepted in to its graduate program. The nine graduates have spent the past week learning about Lloyd’s and the London Insurance Market, meeting their...
Sep 22 2008 // U.S. reinsurers reported a deteriorating combined ratio for the first-half 2008, compared to the first-half 2007 while net premiums were up over the same time period.The Reinsurance Association of America (RAA) released...
Sep 18 2008 // Both Arkansas Insurance Commissioner Julie Benafield Bowman and Louisiana Commissioner of Insurance Jim Donelon have issued statements seeking to reassure policyholders in the wake of the federal takeover of insurance...
Sep 18 2008 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 33, which is managed by Hiscox Syndicates Limited...
Sep 17 2008 // Rolf Tolle, Lloyd’s Franchise Performance Director, speaking at the International Union of Marine Insurers’ Conference in Vancouver, noted that low inflation, huge rises in commodity prices and the growth of...
Sep 16 2008 // A bulletin on the Lloyd’s web site (www.lloyds.com) notes that the National Association of Insurance Commissioners (NAIC) has confirmed it will meet “to consider the proposal to end collateral requirements...
Sep 15 2008 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and the issuer credit rating (ICR) to “aa” from “a+” of Allianz Global...
Sep 15 2008 // NYMAGIC, Inc. reported that its MMO Agencies unit has begun to write new business through 10 offices of surplus lines agents in Florida, New York, New Jersey and Kentucky, and that it expects to add offices of surplus...
Sep 15 2008 // Assurant Specialty Property and National ID Recovery (NIDR) have launched a Red Flag ID fraud detection, notification and protection program for financial institutions and credit unions.Red Flag ID Fraud Solutions is a...
Sep 11 2008 // The UK High Court has issued a civil restraining order, which enjoins former Lloyd’s Names from bringing further lawsuits against Lloyd’s without first seeking permission from the court to do so.Lloyd’s...
Sep 11 2008 // The National Association of Professional Surplus Lines Offices Ltd. launched an education and awareness campaign to demonstrate the value that wholesale brokers bring to retail brokers and corporate risk managers when...
Sep 10 2008 // A new report published by Lloyd’s, as part of its “360 project,” and Risk Management Solutions (RMS), warns that “without adaptation, insurance losses from coastal flooding for high-risk properties...
Sep 9 2008 // Lloyd’s announced the appointment of Eric Gao, formerly Director & General Manager of Swiss Re’s Beijing branch, as its new CEO for Lloyd’s Reinsurance Company (China) Ltd.He “will focus on...
Sep 9 2008 // Oxygen Insurance Brokers, a Lloyd’s accredited London Market insurance intermediary, announced the expansion of their specialist reinsurance division, Oxygen Re, with the incorporation of Oxygen Insurance (Bermuda)...
Sep 9 2008 // Shreveport, La.-based wholesale insurance broker, Specialty Risk Associates Inc., added Cathy Simon to the staff of the firm’s Ridgeland, Miss., office. Simon, who specializes in Transportation underwriting, began...
Sep 3 2008 // Ironshore Specialty Insurance Co. has been approved as an eligible excess and surplus lines insurer in New York.The Excess Line Association of New York added the company to its list of eligible E&S insurers yesterday....
Sep 2 2008 // U.S. reinsurers reported a deteriorating combined ratio for the first-half 2008, compared to the first-half 2007 while net premiums were up over the same time period.The Reinsurance Association of America (RAA) released...
Sep 1 2008 // Phil Ballinger, executive director of the Surplus Lines Stamping Office of Texas, knows a lot about rhythm. He was a drummer with the Van Wilks Band long before he joined SLOT, and while he put down his drumsticks years...
Sep 1 2008 // Agent-Broker Duties“It’s important to understand this bill doesn’t change anything for brokers that want to continue doing business as usual. Yet it really creates an opportunity for producers to have a...