Max Specialty Insurance Company, of Richmond, Virginia, the U.S. excess and surplus lines unit of the Bermuda-based Max Capital Group Ltd., announced that it has agreed to acquire a U.S.-based admitted insurance company licensed to write business in all fifty …
Lexington Insurance Co., an AIG company, has increased its capacity for commercial domestic property insurance by an additional $1 billion, raising the total non-catastrophe property capacity to $1.5 billion. Lexington’s additional $1 billion capacity covers North American-based commercial occupancies on …
The founder of one of today’s most successful insurance companies went into the insurance business because he thought it would be easier than competing in the investment business. In 1967, when William R. Berkley was still at Harvard Business School, …
Max Specialty Insurance Company, an excess and surplus lines company headquartered in Richmond, Va., announced it is now authorized to write business in Louisiana. With the addition of Louisiana, Max Specialty is now an eligible surplus lines insurer in a …
Risk Placement Services, Inc., a national excess and surplus lines wholesaler, announced that it has promoted T.C. Anderson, IV, to underwriter/broker at the company’s office in Scottsdale, Ariz. Since joining RPS in 1994, T.C. has worked in claims, underwriting services …
The Texas Supreme Court on Feb. 1 handed down a long awaited ruling in a case that many believe to be one of Texas’ most significant insurance cases in recent history. The Court reversed its May 2005 decision in Excess …
NAS Insurance Services introduced a new regulatory business shutdown expense insurance that provides businesses with extra expense protection if they are shutdown by a regulatory agency such as a health or police department. The coverage, which is available nationwide, includes …
Aon Corporation has hired Scott Rons as assistant vice president, surety operations, for Aon Construction Services Group. Based in Denver, Rons will help enforce Aon Construction Services Group’s strategic commitment to grow its footprint in the state of Colorado. Rons, …
ELM Insurance Brokers, Inc., has opened two new offices – one in Concord, Calif., which will be managed by Michele Epstein, and a second in Mission Viejo, to be run by Gregg E. Higgins. Epstein began her insurance career in …
For excess and surplus lines brokers, identifying available insurance markets not sought by the standard market may be the key to surviving and thriving in the soft market. The answer to growth in a soft market is simple, says Alan …
