All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Oct 27 2007 // The insurance buying habits of the typical small commercial customer haven’t changed much in 15 to 20 years, yet the small business owner may be in more need of the added protection given by the purchase of a...
Oct 27 2007 // Most high net worth individuals already complete their personal insurance package with excess liability coverage, or the personal umbrella liability. Even so there could be opportunities missed in meeting the umbrella...
Oct 22 2007 // Hamilton, Bermuda-based Ironshore Inc. announced the company has entered into the specialty construction sector with the launch of its IronBuilt division. IronBuilt, based near Boston, offers construction risks protection...
Oct 19 2007 // Stephen Matanle, Global Placement Leader at Marsh and chairman of the London Market Insurance Brokers’ Committee (LMBC), is to become Chairman of the London Market Reform Group (MRG). He will take over from Brit...
Oct 19 2007 // Lloyd’s of London, which has been pressuring for a change in New York’s reinsurance regulation for years, reacted positively to the proposal by New York State Insurance Superintendent Eric Dinallo to amend the...
Oct 18 2007 // The Texas Surplus Lines Association will hold its annual meeting Nov. 11 and 12 at the Four Seasons Hotel in Austin.The Nov. 12 session includes: Gary Schumann, partner in the law firm of Savrick, Schumann, Johnson,...
Oct 18 2007 // Lloyd’s has announced the launch of its new graduate recruitment program in an expanded effort to “recruit fresh talent and ideas to the insurance industry.” The program is scheduled to run for 18 months...
Oct 17 2007 // He’s said it before, and he’s said again. In a forceful open letter printed in the Financial Times (FT), Lloyd’s Chairman Lord Peter Levene wrote that it is “extraordinary that the US does not offer...
Oct 17 2007 // The Market Reform Group (MRG), which directs the efforts of Lloyd’s and the London insurance market to move from paper to electronic processing, has issued its latest bulletin. It focuses on the committee’s...
Oct 17 2007 // As of October first “ACE European Markets Insurance Limited and ACE European Markets Reinsurance Limited will trade under the business name of ACE Bermuda International (ABI),” said a bulletin on the ACE web...
Oct 17 2007 // On Oct. 15, Travis County District Judge Margaret Cooper ruled in favor of Allstate Texas Lloyd’s in the company’s quest to preserve an already-implemented homeowners rate increase.Cooper granted the...