All the headlines from our Excess Surplus Topic Page, ordered by recency.
May 15 2007 // Trinity E&S Insurance Services based in Bermuda Dunes, Calif., has reduced the minimum premium for its contractors’ program from $25,000 to $10,000 for the majority of classes with coverage for tract work. The...
May 15 2007 // Standard & Poor’s Ratings Services has raised its Lloyd’s Syndicate Assessment (LSA) on Advent Underwriting – Syndicate 0780 to “2” from “2-” with a positive...
May 14 2007 // It’s somehow comforting to learn that for all of its recent commitments to “underwriting discipline,” “the bottom line” and electronic trading, Lloyd’s still takes on the odd – not...
May 10 2007 // A new report from Lloyd’s and the Economist Intelligence Unit (EIU) has found that global businesses are becoming increasingly concerned about risks from political violence. However, too little has been done to...
May 8 2007 // Western National Insurance Group recently announced its plan to launch a new property/casualty insurance company with a focus on specialty lines of business. The Group currently has a wholly-owned company shell, Pioneer...
May 7 2007 // No one knows just how many managing general agencies (MGAs) operate in the United States, but the insurance industry couldn’t survive without them, says Scott Anderson, current president of the American Association...
May 7 2007 // MGAs deliver more than just specialty packages as they prepare for changing marketNo one knows just how many managing general agencies (MGAs) operate in the United States, but the insurance industry couldn’t survive...
May 4 2007 // If you build a better insurance trading platform, the world will beat a path to your door. Well, maybe not the world, but a group of sophisticated investors from “the City” (London’s financial heart) came...
May 3 2007 // OneBeacon Insurance Group, Ltd. reported first quarter 2007 adjusted book value per share of $17.76 representing a 4.5% increase for the quarter including dividends.For the 12 months ended March 31, 2007, adjusted...
May 1 2007 // In its search for ways to “make it easier for underwriters and brokers to ensure that insurance contracts are right first time,” Lloyd’s has begun testing a new system that will check insurance slips...
Apr 30 2007 // Bermuda-based Aspen Insurance Holdings Limited announced that Nathan Warde has been appointed President of Aspen Insurance U.S., with immediate effect. He will report directly to Chris O’Kane, Aspen’s CEO.Warde...
Apr 27 2007 // New Jersey based Dowell Insurance Agency, Inc., and Integrated Assurance Solutions (Dowell / IAS) announce a new marketing alliance whereby Dowell /IAS will be a Lloyd’s Coverholder for the Jewelry and Fine Arts and...
Apr 26 2007 // Steven Haasz, Lloyd’s Director of market infrastructure & program management, will be leaving in July to join Prudential UK as Managing Director- Wholesale for the UK. He joins a small, but select group of...
Apr 25 2007 // Pasadena, Calif.-based Western Security Surplus Insurance Brokers Inc. (WSS) has added a new personal lines program for California brokers. The program is written on a non-admitted basis. Both homeowner and dwelling fire...
Apr 24 2007 // New York-based Delos Insurance Company launched a new excess and surplus (E&S) lines company, Naxos Insurance Company, which will be a wholly-owned subsidiary of Delos. Naxos operations will be managed under terms of...
Apr 24 2007 // Not so long ago it was beginning to look like “A” ratings were an endangered species. However, after a lot of belt tightening (and a benign year for nat cats in 2006), the rating agencies have been raising,...
Apr 23 2007 // What a difference a year makes. On March 29, Lloyd’s announced pretax profits for 2006 of $7.2 billion compared to the $202 million loss it posted in 2005.Lloyd’s also achieved an extremely good combined ratio...
Apr 23 2007 // Lloyd’s posts more than $7 billion in record pre-tax profitWhat a difference a year makes. On March 29, Lloyd’s announced pretax profits for 2006 of $7.2 billion compared to the $202 million loss it posted in...
Apr 20 2007 // DALLAS, TEXAS – Strong capitalization and improved underwriting performance earned Unitrin Property and Casualty Insurance Group and its members, including Unitrin Specialty, an “A” from insurance credit...
Apr 18 2007 // A bulletin from the Bermuda-based Catlin Group Limited, whose operating companies also do business from the UK, the U.S. and Lloyd’s, notes that its Lloyd’s Syndicate 2003 “is one of the inaugural...