All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jan 5 2006 // A leading U.K. intelligence expert and a specialist in terrorist underwriting at Hiscox Plc have warned that the threat of terrorism will not diminish in the year ahead with the continued potential for attacks around the...
Jan 4 2006 // A bulletin on the Lloyd’s Web site (www.lloyds.com) reminds companies of the importance of having sufficient coverage in force to handle potential recalls of the consumer products they sell.Lloyd’s interviewed...
Jan 2 2006 // Jimcor Agencies, a Northeast excess and surplus lines wholesaler based in Montvale, N.J., made several management changes. Frank Seigel has joined as the North New Jersey branch manager. Seigel brings with him more than 30...
Jan 2 2006 // Artisan contractors are being squeezed in the insurance market as general contractors and insurers do what they can to transfer and limit their exposures, especially in so-called “pain” states.Artisans are...
Jan 2 2006 // The list of insurers is hsorter and restrictions longerWhen he is presented with a construction account at his office on Fifth Avenue in Manhattan, Rubin Alspector can quickly determine which insurers might write it. He...
Jan 1 2006 // When he is presented with a construction account at his office on Fifth Avenue in Manhattan, Rubin Alspector can quickly determine which insurers might write it. He knows his standard markets well enough to know that only...
Jan 1 2006 // Artisan contractors are being squeezed in the insurance market as general contractors and insurers do what they can to transfer and limit their exposures, especially in so-called “pain” states.Artisans are...
Dec 28 2005 // The U.S. property/casualty insurance industry’s net income after taxes rose 4.4 percent, or $1.2 billion, to $28.8 billion in nine-months 2005 from $27.6 billion in nine-months 2004. Reflecting the industry’s...
Dec 26 2005 // Burns & Wilcox has launched a new environmental program with ACE Westchester Specialty Group Environmental for environmental contractors and consultants. Rated “A+” by A.M. Best, ACE Westchester Specialty...
Dec 23 2005 // Standard & Poor’s Ratings Services announced that it has assigned its interactive Lloyd’s Syndicate Assessment (LSA) of ‘4’ (low dependency) to U.K.-based Amlin Underwriting – Syndicate...
Dec 22 2005 // Michael Ryan has been named vice president of the Southeast Account Management Division of Specialty Risk Services of Hartford, Conn. Ryan will be based in Atlanta and will oversee the account management team in the...
Dec 20 2005 // GMAC Insurance Group announces the formation of a new operating unit, Strategic Risk Specialists. The new unit will commence operations on Jan. 1, 2006, and will specialize in excess and surplus lines property business,...
Dec 19 2005 // A.M. Best Co. has announced its credit ratings on U.K. specialist and Lloyd’s insurer Hiscox plc. and its operating entities. It affirmed the financial strength rating (FSR) of “A-” (Excellent) and the...
Dec 19 2005 // In an updated statement, Lloyd’s acknowledged that it now estimates the London market’s combined losses from the three hurricanes that struck the U.S. will exceed $5 billion. The new figures are based on the...
Dec 19 2005 // Nuts & Bolts: AIG Excess Casualty, a division of American Home Assurance Co., has introduced xsInResponse to provide excess liability coverage for risks previously covered by an insurance carrier that is now...
Dec 16 2005 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 2001, managed by Amlin Underwriting Limited...
Dec 16 2005 // Following its affirmation of the parent company’s ratings (See previous article), A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating...
Dec 13 2005 // SANDY, Utah – The Prime Insurance Syndicate, Inc. (“Prime”) is pleased to announce that effective October 1, 2005; Prime secured additional binding authority from certain underwriters at Lloyd’s of...
Dec 13 2005 // HCC Specialty Underwriters, Inc., a specialty underwriting agency subsidiary of HCC Insurance Holdings, Inc., announced that Glenn B. Dorr III has joined its Wakefield, Mass. office. Dorr has been in the insurance industry...
Dec 12 2005 // A federal judge in Rhode Island has ordered Lloyd’s of London dropped from a civil lawsuit filed by victims of the 2003 fire at the Station nightclub. Finding that the insurance policy issued to nightclub owner...