All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jun 8 2006 // A.M. Best Co. has downgraded the financial strength ratings (FSR) to “B” (Fair) from “B++” (Very Good) and the issuer credit ratings (ICR) to “bb” from “bbb” for the...
Jun 7 2006 // Connecticut Governor M. Jodi Rell has asked XL Specialty Insurance Co. of Stamford, the insurer of former road contractor L.G. DeFelice, to reconsider its decision to assign two unfinished state Department of...
Jun 5 2006 // Unitrin parent pioneered specialty insurance for WWII veteransDALLAS, TEXAS- April 20, 2006 — Between 1946 and 1964, over 75 million Americans, who collectively became known as the baby boomers, were born. The first...
Jun 5 2006 // California Insurance Commissioner John Garamendi has released a new report, “Lower Claims, Higher Profits: Where Do Your Premium Dollars Go?” on the profitability of homeowners and private passenger automobile...
Jun 5 2006 // News CurrentsCalifornia Insurance Commissioner John Garamendi has released a new report, “Lower Claims, Higher Profits: Where Do Your Premium Dollars Go?” on the profitability of homeowners and private...
Jun 1 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced the promotion of Joseph Sherry to Senior Vice President, Global Property, part of ACE USA’s International & Specialty...
Jun 1 2006 // Residents of the Northeast coast “ignore the hurricane threat at their peril,” a leading insurer is warning.At the same time, Wendy Baker, president of Lloyd’s America, says she is confident that the...
May 31 2006 // Cleveland, Ohio-based International Excess Companies has announced the acquisition of WSIB Motorsports Insurance of Indianapolis, Ind., effective March 1, 2006.With offices in Indianapolis, as well as in the states of...
May 26 2006 // Bermuda-based Quanta Capital Holdings Ltd. announced that “following the evaluation of strategic alternatives, and in consultation with its financial advisors, the Board has decided to cease underwriting or seeking...
May 26 2006 // Specialty insurer Praetorian Financial Group said it has agreed to acquire Alea North America Specialty Insurance Company (ANASIC), an affiliate of Alea Group Holdings (Bermuda) Ltd of Hamilton, Bermuda.ANASIC is a...
May 25 2006 // California Insurance Commissioner John Garamendi has released a new report on the profitability of homeowners and private passenger automobile insurance companies. According to the Commissioner’s office, “the...
May 25 2006 // Standard & Poor’s Ratings Services has assigned its interactive Lloyd’s Syndicate Assessment (LSA) of ‘”-” (low dependency) to U.K.-based Catlin Underwriting Agencies – Syndicate...
May 23 2006 // A little less than a month after he assumed the position of Lloyd’s CEO, Richard Ward is proving to be the kind of hands on executive Lord Levene and other Lloyd’s managers wanted.His first major initiative...
May 23 2006 // ACE USA, the U.S. based retail operating division of the ACE Group of Companies, has launched a new Excess Casualty Corporate Risk product.The ACE USA Excess Casualty Corporate Risk product offers umbrella liability...
May 22 2006 // Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes.“I think 2006 is...
May 22 2006 // The hurricane insurance package passed by the Florida Legislature just before adjournment May 5 is the most significant property insurance bill since major legislation following Hurricane Andrew in the early 1990’s,...
May 22 2006 // Texas Mutual Insurance Company appointed Larry Wagner as its new vice president of underwriting. Wagner will serve as chief underwriting officer and will oversee loss prevention efforts.Wagner has 30 years of underwriting...
May 22 2006 // Kinnect is dead! Long live Kinnect! Although Lloyd’s long troubled IT project was consigned to the flames last January (See IJ Website Jan. 24), a number of IT phoenix have risen from its ashes.“I think 2006 is...
May 17 2006 // Lloyd’s has released its official 2005 annual report. The package also contains a report from acting CEO Luke Savage, a statement from Lloyd’s Chairman Lord Peter Levene and a detailed breakdown of...
May 17 2006 // Navigators Management Company, the principal underwriting agency subsidiary of The Navigators Group Inc., has established a new Primary Casualty Division to be based in Chicago.Christopher Day has joined Navigators as...