All the headlines from our Excess Surplus Topic Page, ordered by recency.
Sep 13 2006 // Guy Carpenter & Company Inc., the global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has released its second annual survey of domestic insurance companies that write substantial...
Sep 13 2006 // For the first time in two years the high and mighty from the reinsurance world have gathered for the annual Rendezvous in Monte Carlo without having to face the consequences of an ongoing catastrophe (Ivan in 2004 and...
Sep 12 2006 // Lloyd’s has approved a new syndicate, Syndicate 1919, which will be capitalized by C.V. Starr (25%) and Starr International Investments Limited (75%). The syndicate aims to start underwriting on October 1, 2006,...
Sep 12 2006 // W. R. Berkley Corporation announced that Berkley Specialty Underwriting Managers LLC has formed a new division that will offer specialty insurance products for environmental contractors, consultants and site specific...
Sep 11 2006 // Lloyd’s Chairman Lord Levene welcomed His Excellency Lee Hsien Loong, Prime Minister of Singapore, and a host of senior executives from across the insurance market, government and business at a dinner held in the...
Sep 8 2006 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 3000. The outlook on both ratings remains...
Sep 6 2006 // The London-based Beazley Group plc, a leading Lloyd’s insurer, has created a facility in the Lloyd’s market for catastrophe – exposed U.S. commercial property risks. Beazley said its “Quincat...
Sep 5 2006 // The U.K.’s Hiscox plc announced that its Board of Directors, is “in discussions which could lead to the creation of a new reinsurer, which will only reinsure Hiscox Syndicate 33,” which it manages, and in...
Sep 4 2006 // After 10 years on the circuit, the surplus lines industry’s first designation has received a facelift. Beginning in January 2007, the Associate in Surplus Lines Insurance designation (ASLI) will be earned by passing...
Sep 4 2006 // As the surplus lines world turns to another year of soft market conditions, specialists and innovators may be the ones to survive as increasing competition intensifies, according to excess and surplus lines brokers,...
Sep 4 2006 // PeopleOgilvy-Hill Insurance elected Mark Shipp president and CEO. Shipp has been with Ogilvy Hill for 11 years. In addition to his new role as president/CEO he will continue to build new relationships in the field. The...
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...