Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Mullan Appointed CEO of Max Capital’s Lloyd’s Syndicates
Oct 22 2009 // The Bermuda-based Max Capital Group Ltd. announced the appointment of Adam Mullan as Chief Executive Officer of Max at Lloyd’s Ltd., the Lloyd’s managing agent for Syndicates 1400, 2525 and 2526. The...
Markel’s Latham Honored by NAPSLO
Oct 22 2009 // The National Association of Professional Surplus Lines Offices, Ltd. (NAPSLO) recently honored John Latham, regional president with Markel, for his contributions as an excess and surplus lines professional. He received the...
Torus Specialty Expands Umbrella, Excess Liability Placement Capability
Oct 22 2009 // Torus Specialty, the U.S. subsidiary of global specialty insurer, Torus, announced that it can now write $10 million in capacity for umbrella and excess liability placements. Further capacity increases are expected in the...
Q&A with Ironshore’s Kelley: Why He Left AIG and His Plans for Ironshore
Oct 19 2009 // In December, 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30 years during which he helped the company become one of parent American International...
New Hampshire Argues Claim to $110M Malpractice Fund
Oct 15 2009 // New Hampshire will ask the state Supreme Court today to support its claim to $110 million in surplus from a fund that underwrites malpractice insurance. The central question is whether the fund’s policyholders have a...
Willis Re in Global Reorganization
Oct 14 2009 // Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings Limited, has announced a series of management changes and a new organizational structure “designed to respond to the evolving...
Judge: Stanford, Others May Seek Defense Fees From Lloyd’s D&O Policy
Oct 13 2009 // Financier Allen Stanford and other executives who face charges related to an alleged $7 billion fraud may file claims for defense funds under a directors’ and officers’ insurance policy, a federal judge said...
People
Oct 5 2009 // Jim Newberry, assistant vice president and risk control manager of Island Insurance in Honolulu, has received the Risk Management/Insurance Practice Specialty Safety Professional of the Year Award. The award is from the...
The ‘Special’ Relationship
Oct 5 2009 // The bond between the United States and the U.K. has been the subject of a significant amount of media comment in recent weeks on both sides of the Atlantic. Our long held “special” relationship seems to have...
Surplus Lines Has Answer for Increasing Data Breach Exposure
Oct 5 2009 // Cell phones, smart phones, MP3 players, computers, e-mail, the list goes on and on of technological inventions that are part of our everyday lives. The observation that electronic data density doubles every 18 months —...
Lloyd’s D&O Coverage an Issue in Stanford Fraud Case
Oct 5 2009 // Lloyd’s of London has told a federal judge he should not allocate the proceeds of a directors and officers insurance policy for accused swindler Allen Stanford and other executives because they have no guarantee of...
London: International Insurance Center
Oct 5 2009 // Systems Changes, Technology, Talent Pool Position London Market for the Future London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers,...
Ironman Kevin Kelley: Strength Through Multiple Platforms
Oct 5 2009 // Ironshore’s CEO on Why He Left AIG and How He’s Building His Young Company In December 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30...
London: International Insurance Center
Oct 5 2009 // Systems Changes, Technology, Talent Pool Position London Market for the Future London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers,...
Valiant Insurance Expands with Atlanta Office
Oct 1 2009 // New York-based Valiant Insurance Group, Inc. has opened a new office in Atlanta, expanding its specialty and casualty operations. Valiant has recruited a team of primary and excess casualty professionals from Markel Corp....
A.M. Best: Surplus Lines Results Dip in Response to Competition, Losses
Sep 28 2009 // In 2008, the underwriting and operating performance of surplus lines companies continued to outpace that of the total property/casualty industry, although at a diminished level from 2007 due to persistent soft market...
P/C Industry Net Income Falls Nearly 60% in First-Half 2009
Sep 28 2009 // Private U.S. property/casualty insurers’ net income after taxes fell 59.3 percent to $5.8 billion in first-half 2009 from $14.1 billion in first-half 2008. Insurers’ overall profitability as measured by their...
Lloyd’s First Half 2009 Pretax Profits up 29% to $2.18 Billion
Sep 24 2009 // Lloyd’s conservative management, combined with a notable lack of major natural catastrophes, has resulted in a £1.32 billion ($2.18 billion) pretax profit for the first half of 2009, compared to £949...
Jones’ Team Joins Flagstone Re’s Lloyd’s Syndicate
Sep 24 2009 // Bermuda-based Flagstone Reinsurance Holdings Limited announced that a team lead by Nick Jones has joined its Lloyd’s underwriting operation, Marlborough Underwriting Agency Ltd., to create a worldwide property...
Insurance Agent Jailed for Falsely Representing Lloyd’s in Kentucky
Sep 23 2009 // A financial service worker in South Carolina was sentenced today to two years in prison for using a scheme to dupe mortgage companies and homeowners in Eastern Kentucky. David C. Thomas, of Greenville, S.C. admitted he...
