All the headlines from our Excess Surplus Topic Page, ordered by recency.
Oct 13 2005 // Chicago-based Specialty Underwriters’ Alliance Inc. reported that it does not expect any losses related to the recent hurricane activity. SUA President and Chief Executive Officer Courtney Smith stated, “Our...
Oct 12 2005 // Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Appalachian Underwriters, Inc., which specializes in small artisan and general contractors business such as carpentry, electricians,...
Oct 12 2005 // The Prime Insurance Syndicate Inc. has received approval to write surplus lines insurance business in the state of New Mexico effective as of Oct. 6. Prime, which offers solutions for hard-to-place risks, will offer lines...
Oct 10 2005 // The U.K.-based Lloyd’s and specialty insurer Hiscox Plc issued a statement indicating that its preliminary loss estimates from Hurricane Rita are around $70 million. Hiscox also said that, based on current industry...
Oct 10 2005 // AIG Excess Casualty, a division of American Home Assurance Company, a member company of American International Group Inc., introduced xsInResponse, a new product that provides excess liability coverage for risks previously...
Oct 7 2005 // Brownyard Group recently expanded Brownguard – its flagship package program for security guard firms – to include limits up to $5 million. Brownguard provides broad coverage which includes: General Liability,...
Oct 6 2005 // Lloyd’s announced an interim profit of 1.38 billion pounds Sterling ($2.47 billion) for the six month period ended June 30, 2005, a 21% increase compared to the same period in 2004.The severe hurricane season will...
Oct 5 2005 // Despite spending more time on risk management, board directors at global businesses are failing to identify and manage emerging risks effectively, according to a new research report published by...
Oct 5 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 29.1 percent to a record $30.9 billion in first-half 2005 from $23.9 billion in first-half 2004. Reflecting the industry’s income, its...
Oct 3 2005 // Willis Group Holdings, the global insurance broker, strengthening its Willis Re management team, has appointed Vincent D. Liotta as executive vice president and production director of the Willis Re U.S. Specialty...
Oct 3 2005 // Roundup of Katrina Loss Estimates: As the scope of the devastation wrought by Hurricane Katrina became increasingly evident, European and Bermuda-based insurers and reinsurers continued to calculate their potential...
Sep 28 2005 // SVB Syndicate 1007, at Lloyd’s, announced the availability of identity insurance to help address the perils of identity theft.For the past five years in America, identity theft has reportedly been the number one...
Sep 28 2005 // Imagine Insurance Company Limited, a member of The Imagine Group, announced that it has entered into an agreement in principle to acquire all of the outstanding shares of Abacus Syndicates Limited and Abacus Underwriting...
Sep 26 2005 // San Antonio – Trident Insurance Services, LLC, a wholly owned subsidiary of Argonaut Group, Inc. (NASDAQ: AGII) announced at the annual National Association of Professional Surplus Lines Offices, Ltd. (NAPSLO)...
Sep 26 2005 // In 2004, after growing significantly for three consecutive calendar years, direct premium volume for the surplus lines industry remained relatively flat, according to a special report released by A.M. Best Co. The...
Sep 22 2005 // Darwin Professional Underwriters Inc. (Darwin) and Professional Government Underwriters Inc. (PGU) have entered into a program arrangement whereby PGU will be the exclusive provider of professional liability coverages for...
Sep 20 2005 // The model surplus lines insurance brokerage of 2010 should be faster, bigger, better, leaner, able to cross state lines and come in colors other than white.Industry leaders predict that while there might be slightly fewer...
Sep 19 2005 // If Congress Changes Regulation, Impact Would be Big … But That’s a Big ‘If’While underwriting cycles and the dynamics of distribution are certain to shape the surplus lines industry of 2010, a...
Sep 19 2005 // Southeast Surplus Underwriters General Agency Inc., based in Beaumont, Texas, announced the addition of Renee Becker as marketing assistant. As a marketing assistant for SES, Becker will be responsible for providing...
Sep 19 2005 // Regardless of what insurance regulation looks like in 2010, experts say the surplus lines industry will still be defined by its ability to adapt and innovate in the product arena.The industry’s freedom from rate and...