All the headlines from our Excess Surplus Topic Page, ordered by recency.
May 1 2007 // In its search for ways to “make it easier for underwriters and brokers to ensure that insurance contracts are right first time,” Lloyd’s has begun testing a new system that will check insurance slips...
Apr 30 2007 // Bermuda-based Aspen Insurance Holdings Limited announced that Nathan Warde has been appointed President of Aspen Insurance U.S., with immediate effect. He will report directly to Chris O’Kane, Aspen’s CEO.Warde...
Apr 27 2007 // New Jersey based Dowell Insurance Agency, Inc., and Integrated Assurance Solutions (Dowell / IAS) announce a new marketing alliance whereby Dowell /IAS will be a Lloyd’s Coverholder for the Jewelry and Fine Arts and...
Apr 26 2007 // Steven Haasz, Lloyd’s Director of market infrastructure & program management, will be leaving in July to join Prudential UK as Managing Director- Wholesale for the UK. He joins a small, but select group of...
Apr 25 2007 // Pasadena, Calif.-based Western Security Surplus Insurance Brokers Inc. (WSS) has added a new personal lines program for California brokers. The program is written on a non-admitted basis. Both homeowner and dwelling fire...
Apr 24 2007 // New York-based Delos Insurance Company launched a new excess and surplus (E&S) lines company, Naxos Insurance Company, which will be a wholly-owned subsidiary of Delos. Naxos operations will be managed under terms of...
Apr 24 2007 // Not so long ago it was beginning to look like “A” ratings were an endangered species. However, after a lot of belt tightening (and a benign year for nat cats in 2006), the rating agencies have been raising,...
Apr 23 2007 // What a difference a year makes. On March 29, Lloyd’s announced pretax profits for 2006 of $7.2 billion compared to the $202 million loss it posted in 2005.Lloyd’s also achieved an extremely good combined ratio...
Apr 23 2007 // Lloyd’s posts more than $7 billion in record pre-tax profitWhat a difference a year makes. On March 29, Lloyd’s announced pretax profits for 2006 of $7.2 billion compared to the $202 million loss it posted in...
Apr 20 2007 // DALLAS, TEXAS – Strong capitalization and improved underwriting performance earned Unitrin Property and Casualty Insurance Group and its members, including Unitrin Specialty, an “A” from insurance credit...
Apr 18 2007 // A bulletin from the Bermuda-based Catlin Group Limited, whose operating companies also do business from the UK, the U.S. and Lloyd’s, notes that its Lloyd’s Syndicate 2003 “is one of the inaugural...
Apr 18 2007 // Another report on the insurance industry confirms and details what has been widely acknowledged: a sharp decline in catastrophes in 2006 contributed to improved underwriting results for the year.The U.S. property/casualty...
Apr 17 2007 // Lloyd’s announced the official opening of its Chinese reinsurance operations (See IJ web site April 3 and April 25, 2006) at a ceremony attended by “a host of dignitaries,” including Lloyd’s...
Apr 17 2007 // Meadowbrook Insurance Group, Inc. has agreed to acquire U.S. Specialty Underwriters, Inc. for a purchase price of $23.0 million. The purchase price is comprised of $13.0 million in cash and $10.0 million in Meadowbrook...
Apr 17 2007 // Meadowbrook Insurance Group, Inc.,announced today that it has entered into a definitive agreement to acquire U.S. Specialty Underwriters, Inc. (USSU) for a purchase price of $23.0 million. The purchase price is comprised...
Apr 11 2007 // Monarch E&S Insurance Services, based in La Cresenta, Calif., has expanded its operations by establishing a dedicated professional lines department from it’s Simi Valley, Calif., location. The department’s...
Apr 11 2007 // The Hartford Financial Services Group Inc. announced that its First State Management Group has formed a strategic relationship with certain members of the Berkshire Hathaway group of insurance companies to offer expanded...
Apr 10 2007 // Calabasas, Calif.-based Maverick Commercial Insurance Services, a wholesale brokerage firm operating in California, Nevada and Arizona, has hired Matthew Gomez as a broker. Gomez will specialize in property and casualty...
Apr 9 2007 // A Canadian man has been extradited to the United States to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, Acting New York Insurance Superintendent...
Apr 9 2007 // Connecticut Governor M. Jodi Rell is naming a claims administration executive, Thomas R. Sullivan, to be the state’s insurance commissioner, replacing Susan Cogswell who is stepping down from the top regulatory post...