Excess/Surplus News

CRC’s CEO Hopes to Create ‘Best of the Best’ With Crump Merger

The recent acquisition of Roseland, N.J.-based insurance wholesaler Crump Group by BB&T Corp., a major regional bank and insurance broker based in Winston-Salem, N.C., created one of the largest providers of wholesale commercial insurance brokerage and specialty programs in the …

Hiscox Appoints Walter as U.S. CEO; Head as Chief Underwriting Officer

Hiscox made a number of changes to its U.S. Management Team, appointing a new CEO and chief underwriting officer for Hiscox USA. Ben Walter, current chief operating officer of Hiscox USA has been promoted to CEO effective April 1, 2012. …

Florida Surplus Lines Take-Out Bill Heading for Defeat

A bill that would allow surplus lines policies to directly assume policies from Florida’s state-run property insurer is all but dead after lawmakers tacked on an amendment that would require policyholders to sign-up for the program. The Florida Senate by …

Ironshore Names McDonough as New England Exec

Eugene F. McDonough has been appointed as New England regional executive and vice president of U.S. operations for Ironshore Inc. McDonough, based in Boston, will be responsible for business development and program oversight in the region representing New England and …

Oil Well Control Veteran, Krause, Joins J.H. Blades & Co.

Brian Krause has joined Houston-based J.H. Blades & Co. Inc., a division of Swett & Crawford. Krause is a veteran in the oil and gas well control and firefighting world. He began his well control career as a 19-year-old apprentice …

U.S. Risk Promotes Mullens to EVP

U.S. Risk Insurance Group Inc. has promoted Mike Mullens, the current national practice leader for the U.S. Risk healthcare division, to executive vice president. Mullens has more than 35 years experience in the insurance industry specializing in general liability, property …

Beyond Golf: P-U-T-T-E-R’s the Name of the Game in E&S World

Golf could be called the go-to sport of the insurance industry, so it’s safe to assume that most insurance professionals know what a putter is – a tool for cursing and hurling to the ground after a missed shot, right? …

Ironshore Names Tracey as VP, Specialty Casualty

Ironshore Inc. named Tracey Sharis as specialty casualty unit as vice president. Sharis will be responsible for expanding Ironshore’s distribution of retail and construction insurance programs within the United States. She will also work closely with the Ironshore retail Specialty …

Catastrophe Property Market Under Pressure: NAPCO

The catastrophe property market seems to be moving away from soft market pricing conditions, but weak insurance demand and too much capacity is limiting insurers’ pricing power, a new report says. “The industry has weathered a tough year, and though …

Western Security Surplus’ Stevens Helps Launch Berry Family 5K

On July 3, 2011, while returning to their home in Houston, Texas, from an annual family road trip to Colorado, the Berry family found themselves victims of a tragic, fatal car accident. The Berry family’s minivan, carrying parents Joshua and …