All the headlines from our Excess Surplus Topic Page, ordered by recency.
Apr 4 2005 // San Antonio-based Argonaut Group Inc., a national underwriter of specialty insurance products in niche areas of the property and casualty market, announced it has reached an agreement with Fireman’s Fund Insurance...
Apr 4 2005 // Chicago-based commercial property/casualty program carrier Specialty Underwriters’ Alliance Inc. reported a net loss of $8.2 million for 2004. Total revenues were $300,000, representing investment income earned after...
Apr 4 2005 // Transactions between retail agents and brokers they place business through just became more labor intensive. I recently testified as an expert in a federal case involving a reputable agency’s failure to conduct...
Apr 4 2005 // Transactions between retail agents and brokers they place business through just became more labor intensive. I recently testified as an expert in a federal case involving a reputable agency’s failure to conduct...
Apr 1 2005 // Standard & Poor’s Ratings Services has published a report comparing the past two years of U.S. P/C surplus growth, titled “U.S. Property/Casualty Surplus Growth Slows In 2004.” S&P credit...
Mar 31 2005 // announced its official entry into business with the opening of its corporate headquarters in Fort Wayne, Ind. LSS said in a statement that it has an exclusive insurance relationship with niche property/casualty carrier...
Mar 30 2005 // American International Group, Inc. announced that the filing of its 2004 Form 10-K will be delayed beyond the March 31, 2005 extended due date in order to provide AIG, its board of directors and its new management more...
Mar 28 2005 // Toledo, Ohio-based agency Hylant Group announced the promotion of Brian K. Hall to president of Hylant Specialty Programs/National Insurance Specialists. Hall is responsible for the overall operations of Hylant Specialty...
Mar 21 2005 // How long do you plan on living?” asked a wholesale broker at a recent industry meeting. The trends facing every aspect of our health care system seem daunting at best. Yet most people would hope and plan for a longer...
Mar 21 2005 // Transactions between retail agents and brokers they place business through just became more labor intensive. I recently testified as an expert in a federal case involving a reputable agency’s failure to conduct...
Mar 21 2005 // In an annual statement filed with the California Department of Insurance, State Compensation Insurance Fund documented that its policyholder surplus–assets minus claims reserves and other liabilities–increased...
Mar 21 2005 // Transactions between retail agents and brokers they place business through just became more labor intensive. I recently testified as an expert in a federal case involving a reputable agency’s failure to conduct...
Mar 18 2005 // A.M. Best Co. announced that it has affirmed the Best’s Syndicate Rating of “A+” (Superior) and issuer credit rating of “aa-” of Lloyd’s Syndicate 1414 with a stable outlook. Best...
Mar 17 2005 // Shreveport, La.-based Specialty Risk Associates Inc. announced the addition of Thomas Garland as the new vice president of Underwriting and Marketing.Garland will coordinate the underwriting and marketing efforts of the...
Mar 15 2005 // Lloyd’s announced that it has reached a settlement agreement with the insurers involved in the arbitration proceedings relating to an insurance policy supporting its New Central Fund. The settlement amount is £152...
Mar 15 2005 // Bermuda’s Quanta Capital Holdings Ltd. reported that its net loss for the fourth quarter of 2004 was $14.4 million, or $0.25 per diluted share. This compares to a net loss of $37.4 million, or $0.66 per diluted...
Mar 15 2005 // Standard & Poor’s Ratings Services announced that it has clarified its approach to the Lloyd’s Market and the methodology it uses for rating the Market’s different components.In the just published...
Mar 10 2005 // Lloyd’s Chairman, Lord Peter Levene, addressing a gathering of the Norwegian insurance industry, reminded his audience of the historic ties between the U.K. and the Scandinavian nation, observing that the two...
Mar 9 2005 // JLT Risk Solutions Ltd. and Jardine Lloyd Thompson LLC, part of Jardine Lloyd Thompson Group plc, reported insurance capacity has been secured within the Lloyd’s of London market to provide new insurance protection...
Mar 7 2005 // How long do you plan on living?” asked a wholesale broker at a recent industry meeting. The trends facing every aspect of our healthcare system seem daunting at best. Yet, like the wholesale broker who asked this...