Excess/Surplus News

Atlantic Casualty Names Strickland President, Chief Operating Officer

Bret Strickland has been named president and chief operating officer of Atlantic Casualty Insurance Co., replacing William G. Reynolds, who retired after more than 35 years in the insurance Industry. Strickland started with Atlantic Casualty in 1997 and for the …

Allied World Bermuda Launches Excess Casualty Coverage Package

Allied World Bermuda has launched Constellation, a suite of five excess casualty coverage enhancements combined into one package that complements its current portfolio of excess casualty products. These enhancements will be added to follow-form occurrence policies issued by the Bermuda …

Surplus Lines Regulatory Picture for 2013

State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during 2012, albeit with a few hiccups as industry and regulators navigated the transition to home state taxation and regulation of surplus lines …

Atlantic Specialty Lines Announces New Office in South Florida

Miramar, FL, 01/08/13 – Atlantic Specialty Lines announces the opening of their newest office located in South Florida. The office in Miramar will be led by Nancy Riveron and Marianne Correa. ASL is looking to better serve their South Florida …

Howey Named President of Southwest Risk LP

Robert S. Howey has joined Southwest Risk LP to serve as the Dallas-based wholesale broker’s president, the company announced. Howey’s underwriting experience and expertise encompass 27 years of underwriting and managing property, inland marine and specialty lines primarily with Chubb …

Argo Group Establishes New Sidecar, Harambee Re

Argo Group International Holdings, Ltd. has established Harambee Re 2013-1 Ltd for the 2013 accident year. This is the first sidecar established by Argo Group. Unlike other sidecars, which typically write either reinsurance or retrocession business, Harambee Re will support …

Monster Insurance Acquires Renewal Rights for OneBeacon Energy Book

MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, announced that MarketScout subsidiary, Monster Insurance, has entered into an agreement with OneBeacon Insurance Co. over renewal rights to OneBeacon’s energy book of business. “Monster Insurance will offer …

Program Specialists: Thriving in All Market Conditions

There is a strain of thinking that says generalists can adapt and survive in most environments whereas specialists are more at the mercy of their environment. That may be the case for some species but it’s increasingly not the case …

Berger Named President of Berkley Specialty Underwriting Managers

Kenneth J. Berger has been named president of Berkley Specialty Underwriting Managers LLC. The appointment is effective immediately. Berger succeeds Steven S. Zeitman, who has been appointed chairman and will remain chief executive officer. Berger, who joined Berkley Specialty Underwriting …

Spotlight: CIWA Looking for Resurgence in Changing Market, Lawsuit

The California Insurance Wholesalers Association is in prime position to benefit from trends and events that its board members expect to be unfolding in the next year or two – including an improved surplus lines outlook and a lawsuit that …