All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jul 4 2006 // Steve Way Has Built Giant HCC Holdings Via Acquisitions and He’s Not Done YetManaging general agents and program administrators have an admirer with deep pockets in Steven Way. Getting some of that money might be one...
Jun 29 2006 // It’s nice to learn that Lloyd’s hasn’t turned its back on covering the perils that may strike the world’s movie, sports and assorted other celebrities. On the contrary, a recent article on its...
Jun 28 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio — a key...
Jun 27 2006 // The Texas Surplus Lines Association announced their support of House Bill 5637, a new federal bill to reform surplus lines regulation.The bill, sponsored by Ginny Brown-Waite, R-Fla. and Dennis Moore D-Kan., and...
Jun 26 2006 // Lloyd’s Chairman, Lord Peter Levene, described a bright future, but one that needs work to be achieved, for those attending the 2006 conference of the Association of Lloyd’s Members (ALM) last week. He stressed...
Jun 23 2006 // In a breakthrough move, Aon U.K., announced that it “will move to a full electronic trading capability during 2006 for its specialist insurance and reinsurance businesses.”Aon’s London-based operation...
Jun 21 2006 // The Lloyd’s Website (www.lloyds.com) features an interview with Stephen Matanle, global markets leader at Marsh and Chair of the London Market Insurance Brokers’ Committee (LMBC), about the challenges facing...
Jun 20 2006 // In a step that is being applauded by insurance brokers, Reps. Ginny Brown-Waite, R-FL, and Dennis Moore, D-KS, have introduced federal legislation requiring states to establish a uniform system of regulation for the...
Jun 19 2006 // InsurBanc, a financial services provider to the independent insurance agency community, announced that Scott A. Adamsons has joined the company as vice president of sales and business development.The Farmington,...
Jun 19 2006 // The prospect of another nasty hurricane season has everyone in the insurance industry braced for a white-knuckle ride. The spectre of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood...
Jun 19 2006 // CurrentFlorida Financial DPW 2005 StabilityDesignation Company Name in 000s RatingFL Specialty Encompass Floridian Indemnity Co. $4,437 AFL Specialty Encompass Floridian Insurance Co. $16,059 AFL Specialty Nationwide...
Jun 19 2006 // PeoplePMA Insurance Group has promoted Elaine Manchon to assistant vice president for commercial markets underwriting. Manchon, who will join PMA’s corporate headquarters staff in the company’s Blue Bell,...
Jun 19 2006 // PeopleScott A. Adamsons joined InsurBanc as vice president of sales and business development. The Farmington, Conn.-based company also hired Marie R. Rider to be vice president and director of marketing. Adamsons will...
Jun 15 2006 // Insurance Australia Group Limited (IAG) announced that it has acquired a newly-formed Lloyd’s managing agency and specialist Asian syndicate, Alba Group Pte Limited, to “support the development and management...
Jun 15 2006 // XL Specialty Insurance Company has introduced a multi-line insurance program especially designed for the armored car industry and other business transporting high-value cargo.The program was introduced this week at the...
Jun 14 2006 // Hartford, Conn.-based Specialty Risk Services, a property-casualty third party administrator for workers’ compensation and liability claims, announces the appointment of Jeffrey Steck as director, New Business...
Jun 14 2006 // Hull & Co.Inc. has acquired the assets of Excess and Surplus Lines Insurance Brokers Inc., located in Sherman Oaks, Calif., with revenue of approximately $2 million. “This is a great acquisition for us as it...
Jun 9 2006 // Quanta Capital Holdings Ltd. has signed a non-binding “Heads of Agreement” with Chaucer Holdings PLC, a specialist Lloyd’s insurer, and the senior underwriting team of Syndicate 4000 under which a new...
Jun 9 2006 // In a speech to the House of Lords, given as part of a discussion on “London as a World Financial Center,” Lord Peter Levene stressed the financial health and leading position of both London and the...
Jun 9 2006 // Salt Lake City, Utah – Prime Holdings Insurance Services, Inc. announced that it successfully placed $15 million in 30 year Trust Preferred Securities with the assistance of U. S. RE Securities, LLC through FTN...