All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jan 19 2007 // Gordon Brown, The UK’s Chancellor of the Exchequer (Finance Minister) and odds-on favorite to succeed Tony Blair as Prime Minister, has apparently come away with some success during his working visit to...
Jan 18 2007 // Bermuda’s AXIS Capital has announced a strategic reorganization “to further strengthen the global operations of AXIS Insurance,” starting with the appointment of Dennis Reding, currently that...
Jan 15 2007 // Markel Underwriting Managers, Inc.’s (MUM) Environmental Division has released a new excess product.The Follow Form Excess product (FFE) will be considered when writing over accounts where MUM’s Environmental...
Jan 15 2007 // The casino magnate who accidentally poked a hole in a Picasso painting said insurer Lloyd’s of London has offered to settle his $54 million claim of lost value, but the talks aren’t going the way he’d...
Jan 15 2007 // Lloyd’s has announced that Julian James, its director of Worldwide Markets, will be leaving at the end of April to join Lockton International.Lloyd’s CEO Richard Ward, issued a written statement, distributed by...
Jan 15 2007 // A.M. Best Co. has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a” of Lloyd’s Syndicate 2007 (formerly known as Lloyd’s Syndicate 2147), managed by...
Jan 12 2007 // Insurers must address global climate change as they cope with the growing cost of extreme natural disasters, said Lord Peter Levene, chairman of Lloyd’s, the London insurance market.“We cannot risk being in...
Jan 12 2007 // Chciago-based Specialty Underwriters’ Alliance, Inc. announced recently that it amended its Partner Agent Program Agreement with Appalachian Underwriters, Inc. (AUI) to include small employers workers’...
Jan 10 2007 // Tony Markel, president and COO of Markel Corporation, has expressed his satisfaction at the progress Lloyd’s has made and the London market’s current strong financial condition.In a comment on the Lloyd’s...
Jan 9 2007 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 382, managed by Hardy (Underwriting Agencies) Ltd....
Jan 9 2007 // Argonaut Group Inc., based in San Antonio, announced that Gregory M. Vezzosi has joined the organization as executive vice president and chief operating officer.Vezzosi will report to Mark E. Watson III, president and...
Jan 8 2007 // Mitsui Sumitomo Insurance Underwriting at Lloyd’s Ltd. (MSI) has launched its own Lloyd’s managing agency. According to a bulletin on the Lloyd’s web site (www.lloyds.com) it’s the first Japanese...
Jan 8 2007 // National consumer organizations joined the Consumer Federation of America (CFA) today in Washington D.C. to release a new study concluding that the property/casualty insurance industry (which includes the nation’s...
Jan 8 2007 // Historically, the insurance sector has not been high on the list of preferred investments for private equity markets, but since 2001 interest in insurance and reinsurance has been on the rise, not only with private equity...
Jan 8 2007 // The London insurance market Lloyd’s has sued former Rhode Island Gov. Bruce Sundlun, accusing him of failing to pay about $300,000 in principal and interest.But Sundlun says he doesn’t owe Lloyd’s any...
Jan 7 2007 // The London insurance market Lloyd’s has sued former Rhode Island Gov. Bruce Sundlun, accusing him of failing to pay about $300,000 in principal and interest.But Sundlun says he doesn’t owe Lloyd’s any...
Jan 3 2007 // Lloyd’s has endorsed a new International Reinsurance Industry Dispute Resolution Protocol, which it notes “provides the insurance industry with an alternative to a court case or a lengthy arbitration if a...
Dec 29 2006 // Munich Re isn’t the only major insurance organization to express the industry’s collective sigh of relief as the year 2006 expires with relatively few major catastrophe losses (See related article above)....
Dec 28 2006 // Lloyd’s has announced that all of its “managing agents writing subscription business who would use the new Electronic Claims File [ECF] initiative have agreed to the rules governing the...
Dec 27 2006 // Driven by a sharp decline in catastrophe losses from hurricanes and other natural disasters in 2006, the U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through nine months. The net gain on...