All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Mar 2 2005 // In an annual statement filed Wednesday with the California Department of Insurance, State Compensation Insurance Fund documented that its policyholder surplus — assets minus claims reserves and other liabilities...
Mar 2 2005 // The Florida Surplus Lines Service Office in Tallahassee has made a concerted effort to create a digital online classroom to improve educational resources to provide quick and quality service at its customers’...
Mar 2 2005 // London-based Beazley has started underwriting specialty lines business locally in the U.S. on behalf of its syndicates at Lloyd’s.The opening of its office in Farmington, Conn. is part of Beazley’s plans to...
Mar 1 2005 // William Blair & Company has initiated research coverage of Specialty Underwriters’ Alliance Inc., a start-up commercial property/casualty underwriter based in Chicago, focused on the specialty program business...
Feb 23 2005 // Ck Specialty Insurance Associates Inc., a surplus line broker and managing general agent, has expanded operations into Oregon with a new office in Sherwood, just south of Portland in Washington County. Ck Specialty offers...
Feb 22 2005 // Network E&S Insurance Brokers LLC, a California-based wholesale broker, announced that Michael F. Moran has joined Network E&S as a Partner and as its Chief Operating Officer. Moran’s immediate...
Feb 21 2005 // Michael F. Moran has joined California-based wholesale broker Network E&S Insurance Brokers, LLC, as a partner and as its chief operating officer. His immediate responsibility will be to establish and to staff an...
Feb 21 2005 // Response Time, Service Crucial When Selecting E&S Brokers, IJ Survey ReportsRetail agents and brokers consider service and response time delivered by excess and surplus lines brokers to be critical factors when...
Feb 21 2005 // The emergence of large national and regional firms and the creation of networks of brokers as industry kings are transforming the nation’s wholesale insurance marketplace but experts maintain that independent...
Feb 21 2005 // Back to Earth and Up to Albany for N.Y.’s Excess & Surplus MarketplaceAfter setting records in 2004, the excess and surplus market in New York is expected to calm down this year, as the tremors from the Sept. 11...