Bermuda-based Max Re Capital Ltd. announced that its subsidiary, Max USA Holdings Ltd., has completed the acquisition of a U.S.-based excess and surplus lines company, which, as previously indicated, will operate under the name Max Specialty Insurance Company (See IJ …
Bermuda-based Max Re Capital Ltd. announced that it has received regulatory approval from the Delaware Department of Insurance to acquire a U.S.-based excess and surplus lines company. Max Re (which is also in the process of changing its name to …
Markel Insurance Company has agreed to acquire the social services program business of Black/White & Associates Insurance Brokers. The transaction is scheduled to close on April 1, 2007. Black/White’s Alameda, Calif., location will become a Markel Insurance Company underwriting and …
Swiss Re’s Commercial Insurance launched a new product for excess layer coverage for law firms. The expanded coverage is designed to follow the form of the underlying policy, features a broad range of attachment points and is available in all …
With nearly $1 billion of commercial market capacity for downstream risks, representing approximately 50 percent of the total realistic amount available worldwide, Houston is emerging as a major center for downstream insurance. According to Willis Group Holdings, this unprecedented growth …
Federal legislation that would establish national standards for state regulation of the surplus lines and reinsurance markets made its second appearance into Congress today. Rep. Ginny Brown-Waite, R-Fla., and Rep. Dennis Moore, D-Kan., reintroduced the “Nonadmitted and Reinsurance Reform Act …
National Association Professional Surplus Lines Offices is urging members of the House Financial Services Committee and Senate Committee on Banking, Housing and Urban Affairs to enact the surplus lines and reinsurance reform bill introduced in the last Congress. The bill …
Insurance may be local, but it doesn’t have to be handled exclusively in the state, or even the country, where it’s needed. For the surplus lines market that means Lloyd’s, which explains the annual visit to London of the top …
Great American Insurance Group has a new insurance program that features property and liability coverages for education organizations that its Specialty Human Services Division will market in Pennsylvania exclusively through The Lindsay Insurance Group. According to the insurer, this program …
Global insurance broker, Willis Group Holdings is strengthening its presence in Montreal, Quebec, Canada with several new appointments. Luc Brunet and Jacques Simard have been named to the positions of Sr. VP and Account Executive in its Montreal Operations. They …
