All the headlines from our Excess Surplus Topic Page, ordered by recency.
Nov 26 2007 // The insurance industry is normally concerned with the very large – hurricanes, earthquakes, fires, etc.- but there’s increasing awareness that it should also be concerned about the very small. Nanotechnology is...
Nov 19 2007 // Kiln’s Chief Executive Edward Creasy in his speech to the Insurance Institute of London (IIL) this week, sent a strong, and much needed message. As reported on the Lloyd’s web site (www.lloyds.com) , he said...
Nov 19 2007 // The Texas Surplus Lines Association Inc. elected new officers and directors at its 51st Annual Meeting held Nov. 12, 2007, at the Four Seasons Hotel in Austin:The new officers are: President Lana Parks, president of The...
Nov 15 2007 // Ft. Lauderdale, Fla.-based 21st Century Holding Co., an insurance holding company, announced that it’s subsidiary, American Vehicle Insurance Company, has received approval to begin writing commercial general...
Nov 13 2007 // Lloyd’s has released a research report on China’s rapidly developing insurance market, which it said “explores the key trends in the Chinese non-life insurance market and the opportunities they present...
Nov 8 2007 // “The world is changing at an exponential rate but this is not something we should fear. It is something that we should embrace and be prepared for,” Lloyd’s CEO Richard Ward told his audience at the...
Nov 8 2007 // Sean McGovern, Lloyd’s Director and General Counsel, accused the opponents of reforming the U.S. collateral trust rules on reinsurance of introducing the “latest red herring” into the debate.In a strongly...
Nov 6 2007 // Bermuda-based Montpelier Re Holdings Ltd. announced that Montpelier US, its Hartford-based subsidiary, has completed the purchase of a US Excess & Surplus lines insurance company after receiving regulatory approval...
Nov 5 2007 // Threats from terrorists have become a subject nobody can ignore – least of all the insurance industry. To meet those threats requires knowing who the terrorists are and how they operate. Lloyd’s recent seminar...
Nov 4 2007 // Valiant Insurance Group Inc. announced that John N. DiBlanda has joined its U.S. property and casualty insurance operations as chief financial officer and chief operating officer.Prior to joining Valiant, DiBlanda served...
Nov 4 2007 // Collateral conundrum: To change or not to changeN.Y. steps out as first state to deliver level playing field for all reinsurers New York State Insurance Superintendent Eric Dinallo’s proposal that the highest rated...
Nov 4 2007 // Catastrophic wildfires sweep across Southern CaliforniaIndustry estimates insured losses at more than $1.5 billion and rising Insured losses are continuing to accumulate from Southern California wildfires that burned in...
Nov 2 2007 // Bermuda’s Endurance Specialty Holdings Ltd. reported net income of $131.4 million and $1.81 per diluted common share for the third quarter of 2007 versus net income of $128.2 million and $1.74 per diluted common...
Nov 2 2007 // Beaverton, Ore.-based Indemnity Excess & Surplus Agency is expanding its online quoting facility to add 16 new products. Classes of business added include: Apartments Beauty / Nail Salon / Barber Shop Clothing...
Oct 30 2007 // Munich Re is acquiring the UK Company MSP Underwriting Ltd. for a figure it said is in the “mid double-digit million Euro range.” MSP Underwriting Ltd. owns both the Lloyd’s managing agency Beaufort...
Oct 30 2007 // Louisiana insurance regulators have approved Ironshore Insurance Ltd. to provide property and catastrophe insurance in Louisiana on an excess and surplus basis for risks located in the state.The company said it would...
Oct 29 2007 // Specialty Underwriters’ Alliance, Inc. recently announced that William Loder, the company’s chief underwriting officer, has resigned effective Jan. 1, 2008. President and Chief Executive Officer Courtney Smith...
Oct 27 2007 // Kyle Stevens was elected the new president and chief executive officer of Western Security Surplus Insurance Brokers, a wholesale broker and managing general agency with offices in California and Texas.Stevens has served...
Oct 27 2007 // News CurrentsThe independent nature of surplus lines professionals was readily apparent when a panel of industry executives gathered to discuss current issues at the recent National Association of Surplus Lines Offices...
Oct 27 2007 // Surplus lines execs search for common groundThe independent nature of surplus lines professionals was apparent when a panel of industry executives discussed current issues at the recent National Association of Surplus...