All the headlines from our Excess Surplus Topic Page, ordered by recency.
Aug 31 2006 // In anticipation of the upcoming Reinsurance Rendezvous in Monte Carlo, Lloyd’s has presented an outline of its reinsurance activities and announced the creation of a Cayman Islands-based sidecar, Thunderbird Re, to...
Aug 31 2006 // The National Association of Professional Insurance Agents (PIA) has a new market for insurance agents’ Errors and Omissions (E&O) insurance through Lloyd’s, London – utilizing Lighthouse...
Aug 28 2006 // Pacific Coast E&S Services, Sherwood, Ore., is offering a new market for liquor liability in Oregon. This is a market for stand-alone liquor liability for restaurants, bars, taverns — live entertainment OK...
Aug 28 2006 // Network E&S Insurance Brokers LLC, a California-based wholesale broker, has launched a new limited access builder’s risk/contractors equipment program.The program is available for residential and commercial new...
Aug 25 2006 // The St. Paul Travelers Companies, Inc. said will realign its three Commercial, Specialty and Personal lines segments. The Commercial and Specialty segments will be realigned into two new segments: the Business Insurance...
Aug 22 2006 // Gray-Stone & Co, Thousand Oaks, Calif., has acquired the accounts of Cascade General Agency Inc./Amstar E&S in Moorpark, Calif. The Moorpark office has closed. A number of the former employees are now working at...
Aug 16 2006 // The old saying about necessity being “the mother of invention” also seems to hold true for the insurance industry. With the number of sports related injuries on the increase in the U.K. – there are an...
Aug 14 2006 // Lloyd’s issued a bulletin warning that an Australian stock brokerage firm called The Armitage has been falsely claiming to have coverage from Lloyd’s. Lloyd’s said it “has become aware” that...
Aug 9 2006 // Lloyd’s has placed detailed information on U.S. surplus lines brokers on its Website www.lloyds.com/us. The information available will “help the market verify the license details of surplus lines...
Aug 8 2006 // “Our result as at 30 June is a good basis for achieving our 2006 profit target, namely a return on equity of at least 15 percent,” stated Hannover Re’s CEO William Zeller, as he presented the German...
Aug 7 2006 // The lessons learned from Katrina and Rita and predictions of a future with bigger and stronger storms highlight more than ever the importance of flood insurance, even in locations where it was previously thought...
Aug 4 2006 // Houston-based HCC Insurance Holdings, Inc. announced today that the Company had reached an agreement to acquire the assets of Allianz Life Insurance Company of North America’s Health Products Division for a cash...
Aug 4 2006 // Chicago-based Specialty Underwriters’ Alliance, Inc., “SUA” recently reported net income of $2.2 million, or $0.14 per share, for the three months ended June 30, 2006, compared with a net loss of $4.0...
Aug 3 2006 // Arrowhead General Insurance Agency Inc. has added a new standard to its specialty contractors package program. This is an ISO standard occurrence coverage form offered as an additional option to the company’s...
Aug 1 2006 // A.M. Best Co. has affirmed Lloyd’s financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a”. Best also affirmed the ICR of “a-” of the Society...
Aug 1 2006 // The St. Paul Travelers Companies Inc. has entered into a $77 million settlement with the attorneys general of New York, Connecticut and Illinois, as well as with the New York State Department of Insurance, resolving issues...
Jul 27 2006 // The House Financial Services Committee has approved legislation that would apply single-state regulation and uniform standards to the nonadmitted insurance and reinsurance marketplace.Chairman Michael G. Oxley (Ohio)...
Jul 26 2006 // American Safety Insurance Services, Inc. says it will enter the general liability market for non-construction risks and expand its capability to offer excess and umbrella liability coverage.The target market for the...
Jul 25 2006 // As the Non-Admitted and Reinsurance Reform Act of 2006 (HR 5637) makes its way to full committee of the U.S. House of Representatives Financial Services, the American Association of Managing General Agents sent a call to...
Jul 24 2006 // The AAMGA is an international trade association comprised of 503 member agents, brokers, insurance, captive and reinsurance companies, Lloyd’s of London syndicates and underwriters, state stamping and surplus line...