All the headlines from our Excess Surplus Topic Page, ordered by recency.
Mar 19 2006 // With the eyes of Congress turning to insurance reform, most commentators are focused on how change might affect the overall insurance industry and agents. But the often-overlooked surplus lines segment of the industry...
Mar 19 2006 // Earthquakes, floods and wildfires oh my!Solid disaster recovery plan keeps surplus lines brokerage firm afloat in New Orleans In the wake of Hurricane Katrina, the New Orleans area office of Crump Insurance Services was...
Mar 19 2006 // Lloyd’s Chairman Lord Levene with newly-appointed Chief Executive Richard Ward.New chief charged with improving market efficiency, moving the market to the next level By Charles E. BoyleIn an announcement that...
Mar 19 2006 // Not all Oil & Gas programs are created equalThe American market has expanded in numbers from AIG Oil Rig, principally alone 30 years ago, to perhaps 10 domestic energy markets. Other foreign carriers in Bermuda and...
Mar 17 2006 // American E&S Insurance Brokers, a wholesaler, has named Stephanie J. Smithson executive vice president-branch manager in its San Francisco office. Smithson joined American E&S in 2003 as a broker and most...
Mar 16 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 609 (United Kingdom), which is managed by Atrium Underwriters...
Mar 15 2006 // HCC Insurance Holdings Inc., headquartered in Houston, Texas, reported it has received regulatory and Lloyd’s of London approval to its previously announced acquisition of 23.6 percent shareholding in Heritage...
Mar 14 2006 // The U.K.’s Omni Whittington has confirmed that its managed Syndicate 1224 has been reinsured to close into Syndicate 1084 effective December 31, 2005. “Syndicate 1224 commenced trading in 1997 and ceased...
Mar 10 2006 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 958 with a stable outlook.“The ratings...
Mar 10 2006 // Lloyd’s Chairman Lord Peter Levene may finally get his wish, as U.S. insurance regulators have instructed a National Association of Insurance Commissioners (NAIC) task force to examine options for a reform of the...
Mar 10 2006 // The U.K.’s Catlin Group reported from its Bermuda operations center that Richard Banas has been appointed as president and CEO of Catlin Inc., the Group’s new U.S. subsidiary.“Rich Banas will be...
Mar 9 2006 // QueryPlus is a reporting tool that reads every database you operate on your LAN/WAN simultaneously and in real time. Regardless of location or size of your database! QualCorp, Inc., located in booth number 24, will have a...
Mar 8 2006 // Germany’s Hannover Re has announced a fundamental restructuring its U.S. primary insurance business. “All specialty business – henceforth the strategic focus – is to be transferred to the newly...
Mar 8 2006 // Lynwood “Lynn” Roach has been named vice president and program manager, to head the new towing and recovery program just announced by BISYS Specialty Programs in Melbourne, Fla. Roach is working from a...
Mar 7 2006 // Lloyd’s has selected Richard Ward, former head of the London-based International Petroleum Exchange (IPE) as its new CEO.Announcing the appointment, Lloyd’s Chairman Lord Peter Levene commented: “I am...
Mar 7 2006 // Environmental Insurance Program Manager, Freberg Environmental, Inc. (FEI) has launched an excess automobile liability program with an A.M. Best rated “A VIII” domestic insurance company. The excess auto...
Mar 7 2006 // M.E. James Surplus Lines Insurance Brokerage Inc. has hired Scott Chang as an underwriter in the new Los Angeles-based office. Chang began his insurance career in 1989 at Singer Insurance, an managing general agent in...
Mar 6 2006 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 1225 (United Kingdom), which is managed by AEGIS Managing Agency...
Mar 6 2006 // American International Group Inc. announced that its AIG Companies terminated the agency relationship with Starr Technical Risks Agency Inc. and its subsidiaries (Starr Tech), insurance agencies owned by C.V. Starr &...
Mar 6 2006 // According to Lloyd’s newly released annual underwriter survey, managing the “boom and bust” insurance cycle remains the most important challenge facing the global industry for the second year running. The...