All the headlines from our Excess Surplus Topic Page, ordered by recency.
Dec 24 2006 // E&O, Professional/Management LiabilityNew P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically for...
Dec 24 2006 // JANUARYHallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...
Dec 24 2006 // N136 Poizner poised to leadInsurers hope for friendlier climate40Electronically stored informationAgents must heed new rules10Calif.’s uninsured motorists
Dec 22 2006 // A.M. Best Co. has affirmed its Syndicate Rating of “A” (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Limited (AUL). Best...
Dec 20 2006 // The Chubb Group of Insurance Companies has begun to offer an admitted excess flood insurance product to homeowners policyholders who face either inland or coastal exposures in 15 jurisdictions, including California,...
Dec 20 2006 // Lloyd’s may have become a lot more focused on technology, underwriting discipline and the bottom line in recent years, but that doesn’t mean it’s been neglecting its tradition of writing innovative and...
Dec 15 2006 // Bermuda-based Max Re Capital Ltd. announced plans to establish a U.S.-based excess and surplus lines platform. The new entity will “will complement the company’s existing insurance and reinsurance operations...
Dec 15 2006 // In his introduction to the latest progress report on Lloyd’s three-year plan, CEO Richard Ward noted that the current version “builds on the 2006-2008 plan issued in January. It includes our vision and...
Dec 12 2006 // A report from international broker Benfield’s Industry Analysis and Research team entitled “Venturing Forward,” notes that Lloyd’s focus “has turned firmly forward” following the...
Dec 11 2006 // Colorado has implemented new procedure changes for surplus lines brokers.Beginning Jan. 1, 2007, surplus lines brokers in Colorado will need to report their monthly policy and endorsement transactions directly to the...
Dec 11 2006 // By mid-November more than $500 billion in private equity transactions had occurred in 2006, $100 billion in October 2006 alone, according to Andrew Rosen, a partner with private equity firm HM Capital Partners. Dallas,...
Dec 10 2006 // N128 Texas commissioner allows windstorm rate hikeAlthough welcome, some think it’s not enough10Judge says water may be covered in New Orleans canal caseAmbiguities in policies may open the door
Dec 10 2006 // By mid-November more than $500 billion in private equity transactions had occurred in 2006, $100 billion in October 2006 alone, according to Andrew Rosen, a partner with private equity firm HM Capital Partners. Dallas,...
Dec 10 2006 // PeopleThe Texas Surplus Lines Association Inc. announced the election of the following officers and directors: President Len Kaplan, executive vice president and CFO, Delta General Agency, Houston; Vice President Lana...
Dec 10 2006 // Colorado has implemented new procedure changes for surplus lines brokers.Beginning Jan. 1, 2007, surplus lines brokers in Colorado will need to report their monthly policy and endorsement transactions directly to the...
Dec 10 2006 // The Des Plaines, Ill.-based Property Casualty Insurers Association of America named Deirdre Manna, former acting director of the Illinois Division of Insurance, vice president of industry and regulatory affairs. Manna will...
Dec 8 2006 // A.M. Best Co. has affirmed its Syndicate Ratings of “A” (Excellent) and the issuer credit ratings (ICR) of “a+” of Lloyd’s Syndicate 2623 and Lloyd’s Syndicate 623, managed by the...
Dec 7 2006 // Louisiana’s budget has been boosted by $1.6 billion, money lawmakers can spend in a special session scheduled to start Dec. 8. But the Senate president blocked attempts to enrich financial forecasts by another $827...
Dec 6 2006 // (Clearwater, FL and Richmond, VA) …Robert M. Bryant, President, and Martin H. Kanipe, Executive Vice President of Atlantic Specialty Lines of Florida, Inc. (ASL – FL) and Paula Ross, Executive Vice President, Gary...
Dec 6 2006 // Expected health insurance premium increases of between 8 and 13 percent in Massachusetts are being driven more than ever by the costs of expensive specialty drugs, according to officials from some of the state’s...