All the headlines from our Excess Surplus Topic Page, ordered by recency.
Apr 7 2008 // According to an article on the Lloyd’s web site (www.lloyds.com), leading figures in the Lloyd’s market have welcomed the record results for 2007 and acknowledge the strength of the market to face the softening...
Apr 7 2008 // Lloyd’s has welcomed the focus given to international issues in the US Treasury Blueprint for modernizing the US financial regulatory structure. The report sets out how the US Treasury believes financial regulation,...
Apr 3 2008 // Lloyd’s announced a pre-tax profit of £3.846 billion ($7.622 billion) for 2007, compared to £3.662 billion ($7.26 billion) in 2006. Gross written premiums were down slightly at £16.366 billion ($32.346 billion)...
Apr 3 2008 // The Bermuda-based Argo Group International Holdings has made an offer to acquire Heritage Underwriting Agency, Plc, a successful Lloyd’s insurer.The transaction is subject to “relevant legal and regulatory...
Apr 3 2008 // California-based Monarch E&S Insurance Services announced the return of Dina Dryden as a senior commercial underwriter for the Property & Casualty Department. She will work from the San Diego office and will be...
Apr 3 2008 // Liberty Mutual Agency Markets has announced a new product line and distribution channel for its newly-created Specialty Products Group, which has been formed by the consolidation of Liberty Mutual Surety, the former Ohio...
Apr 1 2008 // American E&S Insurance Brokers of San Francisco has acquired Network E&S’ brokerage book of business. Network E&S, a California-based wholesale broker, has agreed to sell the renewal rights of its...
Mar 31 2008 // Capacity for aviation coverage appears to be increasing, but, as claims are also on the rise, the outlook for the year ahead is not one that is easy to predict.Aon aviation industry analyst, Magnus Allan, commented –...
Mar 31 2008 // Aspen Insurance Holdings Limited has received approval from Lloyd’s to establish a new Lloyd’s Syndicate. Designated Syndicate 4711 with the pseudonym of “ASP,” it will commence underwriting from...
Mar 31 2008 // Marjie Amick, a 24-year industry veteran, will join American E&S Insurance Brokers’ Carlsbad, Calif., branch. Most recently, Amick was with Monarch E&S Insurance Brokers in San Diego. Her book of business...
Mar 27 2008 // Lloyd’s has appointed Witold Janusz as its first representative for Poland. “His primary role will be working on the process of gaining a full establishment license for Lloyd’s in Poland,” said the...
Mar 27 2008 // Chartwell Independent Insurance Brokers LLC, a wholesale and specialty insurance broker focusing on high-risk, hard-to-place coverage, announced that it has added an Excess & Surplus (E&S) Casualty Division to...
Mar 25 2008 // Bermuda’s Allied World Assurance Company Holdings has announced the appointment of Todd Germano as Senior Vice President, Specialty Insurance of Allied World U.S. He will be responsible for developing new products...
Mar 24 2008 // The Hartford’s Chief Financial Officer David M. Johnson plans to step down later this year. He has served as the company’s top financial officer since 2001, and will remain in the position until a successor is...
Mar 24 2008 // Swiss Re’s latest sigma study on natural catastrophes and man-made disasters in 2007 concludes that they killed over 20,000 people and cost the insurance industry $70 billion, $28 billion related to property claims....
Mar 20 2008 // American E&S Brokers of California Inc. of Irvine, Calif., has named Barbara McClelland a senior broker-casualty and property surplus lines. She will specialize in construction, environmental and products liability....
Mar 20 2008 // Former Louisiana Senate president Michael O’Keefe, serving 19.5 years for stealing from a failed medical malpractice insurance company, said he and his codefendants plan to pay $4.7 million in restitution by using...
Mar 19 2008 // A rose is a rose and a nose is a nose, but very few noses are valued at €5 million ($7.8 million). However, if you’re in the wine business, being able to “taste/smell” the wine you’re producing is...
Mar 17 2008 // Max Specialty Insurance Company, of Richmond, Virginia, the U.S. excess and surplus lines unit of the Bermuda-based Max Capital Group Ltd., announced that it has agreed to acquire a U.S.-based admitted insurance company...
Mar 14 2008 // Tom Sheffield, Technical Director at Aon, pointed out that businesses are typically at ease with physical security systems, but when it comes to online matters there appears to be a lack of knowledge. Companies must think...