All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jul 22 2004 // Lloyd’s of London announced it has appointed Luke Savage as its new finance director.Savage has worked in investment banking for the last 17 years, including ten years at Morgan Stanley and three years at Lloyds Bank...
Jul 21 2004 // Axis U.S. Insurance has announced that its excess and surplus (E&S) property unit is now offering property insurance coverage for U.S.-based lumber, wood products and furniture risks.Jeffrey Berkshire has joined Axis...
Jul 20 2004 // The New York surplus lines industry is trying to convince the Pataki administration to allow a change in the premium financing of surplus lines accounts, a change that lawmakers have approved overwhelmingly, but the...
Jul 19 2004 // Litigation around the country concerning contractors’ liability for construction defects discovered after operations are completed has made coverage very difficult to come by for specialty trade contractors, but it...
Jul 19 2004 // Whether real or imagined, the threat of construction defects litigation has burned through the residential contractors liability insurance market like a California wildfire. Over the past couple of years, contractors and...
Jul 19 2004 // Professional liability insurance is certainly no stranger to Jason White, managing director of Swett & Crawford Professional Services Group. The 37-year-old White, who has spearheaded the efforts of the new division,...
Jul 16 2004 // The Prime Insurance Syndicate Inc. said that it has received approval to write surplus lines insurance business in the state of Maine effective July 2, 2004.Prime, which offers solutions for hard-to-place risks, will offer...
Jul 15 2004 // Nothing succeeds like success, and Lloyd’s recent successes have apparently attracted the attention of the world’s premier investor, Berkshire Hathaway’s Warren Buffett.Berkshire is sitting on a mountain...
Jul 15 2004 // The Midland Company, an Ohio-based provider of specialty insurance products and services, reported record results for the second quarter ended June 30, 2004.Net income per share was 58 cents, which included 2 cents in...
Jul 13 2004 // Frederick J. Fisher, president and CEO of Los Angeles-based E.L.M. Insurance Brokers Inc., specialists in professional liability coverages, announced that Gregg Higgins has recently joined E.L.M. as director of field...
Jul 12 2004 // Although the 2004 Illinois legislative session continues into overtime with several insurance issues left on the table, it is unlikely that legislators will focus on anything but restoring a viable budget, according to a...
Jul 8 2004 // A trade group for property casualty insurers is urging New York Governor George Pataki to sign a bill that would eliminate current limitations on premium financing for surplus lines transactions.“We strongly support...
Jul 7 2004 // Standard & Poor’s Ratings Services affirmed its ‘BBB-‘ counterparty credit and financial strength ratings on Best Meridian Insurance Co. (BMI) and its subsidiary, Best Meridian International...
Jul 5 2004 // Like a commercial airline scrambling to squeeze out a profit in the face of increased competition and skyrocketing fuel prices, many insurance agents find themselves caught in the downward spiral of another soft market...
Jul 5 2004 // I always wanted to return here,” Jim Keating says.“Here” is the Northeast, more specifically Atlantic Avenue in Boston, overlooking Boston harbor, where Keating has set up shop as The Keating Group to...
Jul 5 2004 // Lloyd’s America revealed it is investigating allegedly bogus umbrella trucking liability policies reportedly placed through the Oakland, Calif.-based broker Ambassador Insurance Services and/or GIO International of...
Jul 5 2004 // Lloyd’s America has revealed exclusively to Insurance Journal that an investigation is currently underway for allegedly bogus umbrella trucking liability policies reportedly placed through the Oakland, Calif.-based...
Jul 5 2004 // A number of Lloyd’s of London underwriters filed a lawsuit June 15 against an aircraft insurance group and several of its members, alleging the group refused to assist in the defense of companies involved in a deadly...
Jul 1 2004 // W. R. Berkley Corporation has announced the formation of Berkley Specialty Underwriting Managers LLC, to offer specialty insurance products on behalf of the company’s insurance subsidiaries.Berkley also announced...
Jun 30 2004 // Bellevue, Wash.-based wholesaler and program administrator National Specialty Underwriters Inc. has opened a new branch in Chicago. NSU specializes in insurance for the hospitality and health-care industries, as well as...