All the headlines from our Excess Surplus Topic Page, ordered by recency.
Oct 5 2007 // Lloyd’s CEO Richard Ward is a man in a hurry. He wants fundamental changes in the way Lloyd’s does business and he’s not prepared to wait. In a speech sponsored by the Insurance Institute of London...
Oct 4 2007 // Argo Group International Holdings Ltd., an international underwriter of specialty insurance and reinsurance products in niche areas of the property and casualty market, named Sam Anderson as president of Argonaut...
Sep 28 2007 // After a flat year in 2005, U.S. surplus lines premium volume rebounded in 2006 and carriers again posted strong underwriting results.In 2006, surplus lines carriers generally stuck to their guns on pricing in lines where...
Sep 27 2007 // Lloyd’s turned in a strong first half, booking a pretax profit of £1.807 billion ($3.65 billion), compared to £1.351 billion ($2.732 billion) for the first six months of 2006. Despite the subprime lending crisis,...
Sep 25 2007 // San Francisco-based Wells Fargo Insurance Services has promoted Paul Baldwin to the position of chief operating officer of its American E&S (AES) operations. In his new role, Baldwin will take an active role in...
Sep 25 2007 // Pasadena, Calif.-based Western Security Surplus Insurance Brokers Inc. named three marketing specialists for California and Texas. Reporting to Ron Klimek, CIC, vice president of marketing and business development are...
Sep 25 2007 // The U.S. property/casualty insurance industry’s overall profitability as measured by its annualized rate of return on average policyholders’ surplus (or statutory net worth) slipped to 13.1 percent in...
Sep 24 2007 // The United States excess and surplus lines market presents opportunities that are not lost on the rest of the world. Lloyd’s is the second largest U.S. surplus lines writer with a 14 percent market share. Direct...
Sep 24 2007 // The surplus lines industry is never boring, never plain and certainly never black and white. Often dubbed as the innovator of new insurance products, the industry could even be considered colorful when it comes to the...
Sep 24 2007 // The 5th U.S. Circuit Court of Appeals in Jackson, Miss., will hear arguments Oct. 1 about whether the Mississippi Legislature unconstitutionally raided an insurance fund in 2004 to balance the state budget.The Mississippi...
Sep 24 2007 // For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s America Inc., staying on top of those trends in the United...
Sep 24 2007 // Court to hear suit on state’s use of Miss. surplus lines fundsThe 5th U.S. Circuit Court of Appeals in Jackson, Miss., will hear arguments Oct. 1 about whether the Mississippi Legislature unconstitutionally raided an...
Sep 24 2007 // Findings boast stellar results for London market with Lloyd’s leading the wayGuy Carpenter & Co., Marsh’s reinsurance broker and risk management division, has released “The Lloyd’s Market in...
Sep 24 2007 // The National Association of Professional Surplus Lines Offices has named its officers and directors for the 2007-2008 term. The new NAPSLO president is Mary Ellen Rozzell, who is with Continental/Marmorstein & Malone...
Sep 24 2007 // The National Association of Professional Surplus Lines Offices selected officers and directors for the trade association’s 2007-2008 term.The new officers are: President – Mary Ellen Rozzell,...
Sep 24 2007 // For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s America Inc., staying on top of those trends in the United...
Sep 24 2007 // California retail agent-brokers not transacting insurance on behalf of surplus line broker organizations are not required to follow a new law affecting surplus lines brokers, the California Department of Insurance...
Sep 20 2007 // Bermuda-based Ariel Holdings Ltd. reports it will acquire Valiant Insurance Co. from Zurich North America Commercial Group. Ariel Holdings Ltd. said it has established a U.S. based insurance holding company, Valiant...
Sep 20 2007 // Ames & Gough, a specialty insurance broker focused on serving architects, engineers, contractors, and law firms, has named Meike Olin as its first national marketing director.In addition to overseeing the publication...
Sep 20 2007 // Even though the U.S. has a team – The Eagles – in the finals of the Rugby World Cup, the event doesn’t exactly get the same press coverage as the Super Bowl or the World Series. Nonetheless for the 20...