Specialty News

Chairman Nelson Talks About the Future of Lloyd’s

Lloyd’s of London Chairman John Nelson knew when he acceded to his post one year ago that his predecessor, Lord Peter Levene, would be a hard act to follow. Levene served for nine years and oversaw significant changes at Lloyd’s …

Nichols Named President of Surplus Lines Group, NAPSLO

Matthew Nichols has been elected president of the National Association of Professional Surplus Lines Offices Ltd. (NAPSLO) for the 2013 term. Nichols has served on the NAPSLO board since 2005 and has chaired several committees. Currently, he is the president …

Slow and Steady: Optimism Good for Surplus Lines Market in 2012

Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and surplus. And once again, the surplus lines sector outpaced the results …

Surplus Lines: Regulators Vetting of Alien Nonadmitted Insurers

The National Association of Insurance Commissioners (NAIC) is a non-profit entity that acts as the trade association for state insurance commissioners. Although the NAIC may play a central role in regulation of the insurance industry, it nonetheless is a private …

Swett & Crawford Announces Senior Management Changes

Swett & Crawford, based in Atlanta, has made several changes to its senior management team. Shaun Hooper, who moved from Swett & Crawford’s parent company, CGSC (Cooper Gay and Swett & Crawford) where he was group chief commercial officer, will …

CRC/Crump Acquires Preferred Brokerage Unit of Preferred Concepts

CRC|Crump has signed an agreement with Preferred Concepts in New York to acquire select assets of the company’s Preferred Brokerage business unit. Terms were not disclosed. J.C. Sparling, who led Preferred Brokerage, will be joining CRC|Crump as a senior vice …

OneBeacon Announces New Surety Group

OneBeacon Insurance Group, Ltd. has launched its newest specialty business—OneBeacon Surety Group. The new business will be managed by OneBeacon Surety Group President Chad Anderson and will focus on a variety of commercial surety business in all 50 states, as …

GJS Re Opens Facultative Reinsurance Unit; Threlfall to Lead

G.J. Sullivan Co. Reinsurance (GJS Re) has launched GJS Re Facultative to focus on providing quality property facultative reinsurance to select insurance company clients on a nationwide basis. John W. Threlfall joins GJS Re to head up the facultative group, …

Liberty International Underwriters Names Kania as SVP, Energy and Construction

Timothy R. Kania has been appointed as senior vice president of energy and construction in the U.S. and Latin America for Liberty International Underwriters (LIU), a part of Liberty Mutual Insurance’s global specialty lines unit. Kania, a 25-year veteran in …

Insential, Kinsale to Offer Expanded Coverage for Hard-to-Place Risks

Insential, Inc. has joined with Kinsale Insurance Co. to offer Insential’s clients expanded coverage for hard-to-place casualty business. Insential is a national commercial lines wholesale broker headquartered in Plano, Texas with offices in Chicago and New York. Insential will represent …