Excess/Surplus, Specialty, Wholesaler Brokers News

Bruce Named Connecticut Underwriter of Year by NAIW Chapter

The Connecticut Chapter of the National Association of Insurance Women has named Cynthia Bruce, an underwriter at E&S broker S.H. Smith & Co., as its Connecticut professional underwriter of the year. Bruce specializes in underwriting workers’ compensation insurance for small …

Burns & Wilcox Acquires Ohio Wholesale Agency

Independent wholesale broker and underwriting manager Burns & Wilcox, based in Farmington Hills, Mich., has acquired NorthCoast Excess & Surplus Agency – a wholesale brokerage and underwriting manager based in Cleveland, Ohio. Jeff Burke, president of NorthCoast Excess & Surplus …

Legislators, Surplus Lines Groups Weigh a Lighter SLIMPACT Tax Deal

As the deadline to implement the surplus lines insurance modernization bill — or the Nonadmitted & Reinsurance Reform Act (NRRA) in the Dodd-Frank Act — quickly approaches, some of the nation’s legislators are searching for a way to find consensus …

Late Filings of Surplus Lines Policies Draw Fines in Texas

If enforcement actions taken by the Texas Department of Insurance this year in response to late filing of surplus lines insurance policies with the state stamping office were meant to capture the attention of managing general agents doing business in …

Miller to Head E&S Property Business for Torus

Specialty insurer Torus appointed Catherine Miller to head of E&S General Property. Based in Jersey City, Miller will manage general property business written through wholesale brokers throughout the United States. Miller, a 15-year industry veteran, joined Torus’ General Property team …

Arc Legal to Offer Specialist Legal Protection for Air Crew

The UK’s Arc Legal Assistance, which specializes in providing coverage for legal expenses, has been appointed by insurance broker Lumley St. Aubyn Insurance Services to offer specialist legal protection for the air crew of low-cost airline Jet2.com. “Lumley St. Aubyn …

Navigators Launches Specialty Reinsurance Business

The Navigators Group has established Navigators Re, a unit focused on developing specialty assumed reinsurance business. “As a global specialty insurer, there are certain product lines and geographies where a reinsurance approach is a more efficient and practical manner in …

Willis Re Merges UK, Europe Teams; Forms Willis Re Europe

Willis Re, the reinsurance advisor and part of Willis Group Holdings, announced that it has merged its teams handling Continental European and UK-based property and casualty business into an expanded European unit and is establishing a new Specialty Casualty Practice …

Willis Consolidates, US, UK Group Mining Practice

Willis Group Holdings announced that it has incorporated its US, UK and International hubs of mining expertise into one worldwide group practice, which will report to Steve Hearn, London-based Chairman of Global Markets International (GMI). The new group will bring …

Insurers Urge State Regulators to Focus on Streamlining Regulation

The American Insurance Association (AIA) wants state regulators to emphasize regulatory “effectiveness and efficiency” at the National Association of Insurance Commissioners’ (NAIC) fall meeting in Orlando, Florida this week. The insurer organization said national and international regulatory developments “compel the …