All the headlines from our Excess Surplus Topic Page, ordered by recency.
Feb 14 2008 // Lloyd’s plans to expand in Brazil and is in the process of making a formal application to be an admitted reinsurer in the country. Its first representative office will be in Rio de Janeiro.Lloyd’s Chairman,...
Feb 11 2008 // Bermuda-based Quanta Capital Holdings Ltd. has announced that it has entered into an agreement for the sale of all of its interests at Lloyd’s to Chaucer Holdings PLC. The Company expects to close this transaction...
Feb 8 2008 // The Texas Supreme Court on Feb. 1 handed down a long awaited ruling in a case that many believe to be one of Texas’ most significant insurance cases in recent history. The Court reversed its May 2005 decision in...
Feb 7 2008 // Lloyd’s announced that Lord Peter Levene has been re-appointed as Chairman of Lloyd’s. Ewen Gilmour and Graham White were re-appointed as Deputy Chairmen of Lloyd’s and Bill Knight was re-appointed as...
Feb 1 2008 // For excess and surplus lines brokers, identifying available insurance markets not sought by the standard market may be the key to surviving and thriving in the soft market.The answer to growth in a soft market is simple,...
Jan 31 2008 // Sue Langley, Lloyd’s Director of Market Operations and North America, lauded the progress, detailed in a recently released report from the Lloyd’s Market Reform Group (MRG), which is charged with modernizing...
Jan 30 2008 // The ongoing crisis at the second largest French bank, Société Générale, has prompted Lloyd’s to remind the financial community of some unfortunate facts. The bank lost €4.9 billion, or $7.25 billion, after it...
Jan 28 2008 // Richmond, Va.-based specialty insurer Markel Corp. reported that its 2007 combined ratio was 88 percent compared to 87 percent in 2006.Comprehensive income for 2007 was $337.0 million compared to $550.8 million in 2006....
Jan 28 2008 // In a brief announcement Lloyd’s confirmed that as of the 1st of January the underwriting capacity of its 75 operating syndicates totaled £15.95 billion ($31.66 billion). The syndicates are managed by 46 Managing...
Jan 27 2008 // An increasingly common complaint against the insurance industry charges that it is largely responsible for the disappearance of traditional events and activities due to the unavailability and/or the increasing cost of...
Jan 27 2008 // A national consumer organization has charged that property casualty insurers are unfairly overcharging for home and auto insurance at the same time they are reducing payments to insureds.According to the Consumer...
Jan 27 2008 // Zurich named Kevin Dunham senior vice president and global relationship leader for the western region of its Global Corporate in North America Business unit. Dunham is based in Glendale, Calif., and will manage accounts...
Jan 27 2008 // As insurance companies face larger, more frequent catastrophe losses, they are increasingly playing hardball with their insureds. Hurricanes, wildfires, tornadoes, floods and earthquakes can put pressure on a...
Jan 27 2008 // For excess and surplus lines brokers, identifying available insurance markets not sought by the standard market may be the key to surviving and thriving in the soft market.The answer to growth in a soft market is simple,...
Jan 25 2008 // The recent “incident” at London’s Heathrow Airport (a British Airways Boeing 777 lost power just before landing and nearly crashed injuring several passengers) is not going to cause any significant rise...
Jan 23 2008 // January 23 2008 – Orange, CA – G.J. Sullivan Co., a member of Los Angeles-based The Sullivan Group, has appointed Sharon Haenig as Commercial Lines Manager for its office in Orange, CA. Sharon will be...
Jan 22 2008 // AI Risk Specialists Insurance, Inc., a brokerage subsidiary of American International Group, Inc., has unveiled LexExpress, excess auto liability insurance for small to medium sized fleets in the trucking industry.It is...
Jan 22 2008 // G.J. Sullivan Co., a member of Los Angeles-based The Sullivan Group, has appointed Sharon Haenig as commercial lines manager for its office in Orange, Calif. Haenig will be responsible for business development and market...
Jan 18 2008 // The Mississippi Legislature had authority to raid an insurance fund in 2004 to balance the state budget, the 5th U.S. Circuit Court of Appeals has ruled.The Mississippi Surplus Lines Association sued the state after the...
Jan 15 2008 // In a controversial decision the government announced that it will approve “a building program for a new generation of nuclear power stations, citing environmental reasons and the need for energy security in a...