Latest Excess Surplus Headlines

All the headlines from our Excess Surplus Topic Page, ordered by recency.

Lloyd’s Decreases 2005 Market Capacity; S&P Reports on Syndicates

Feb 2 2005 // Standard & Poor’s Ratings Services has published the first of its quarterly reports on the members and syndicates at Lloyd’s. The study follows confirmation that the world’s oldest insurance market...

Best Assigns Rating for Lloyd’s Syndicate 1225

Jan 27 2005 // A.M. Best Co. has assigned a Best’s Syndicate Rating of A (Excellent) and an issuer credit rating (ICR) of “a” to Lloyd’s Syndicate 1225 (United Kingdom), which is managed by AEGIS Managing Agency...

Trinity E&S Insurance Services Expands In-House Contractor’s Liability Program

Jan 27 2005 // California-based Trinity E&S Insurance Services Inc., has expanded its in-house contractor’s liability program to include the states of Nevada, Arizona, Oregon and Washington. Coverage is underwritten by an...

Arbitration on Central Fund Goes Against Lloyd’s; S&P, Best Comment

Jan 26 2005 // When six insurers,* led by Swiss Re, agreed to back Lloyd’s Central Fund with £500 million, with a maximum for any one year of £350 million (around $500 million at the time – $650 million currently) it seemed...

Insurance Journal to Publish Top E&S Broker List

Jan 24 2005 // Insurance Journal magazine will publish its inaugural Top Excess & Surplus Lines Broker list on Feb. 21, 2005, in all five of its regional editions. Managing general agencies, wholesalers and managing general...

Heath Turns the Corner as Colemont Insurance Brokers

Jan 24 2005 // At the corner of Cole and Monticello Avenues near the Highland Park area of Dallas, an excess and surplus insurance brokerage was born—twice, it could be argued. The company that became Heath Insurance Brokers, one of...

Back to the Basics

Jan 24 2005 // E&S Industry Returns to Familiar GroundNeither wind, nor rain nor the dark cloud of standard carriers returning to the marketplace will keep excess and surplus insurance writers from maintaining profitability. From...

Heath Turns the Corner as Colemont Insurance Brokers

Jan 24 2005 // Name May Be Changing but Company’s Service, Business Practices Stay the SameAt the corner of Cole and Monticello Avenues near the Highland Park area of Dallas, an excess and surplus insurance brokerage was...

From Boston Tea Party to Big Dig, Lloyd’s is Part of New England History

Jan 24 2005 // Dec. 16, 1773, was a sad day for Lloyd’s of London. On that day, angry colonists threw 340 crates into Boston harbor in the revolutionary Boston Tea Party. Turns out, Lloyd’s insured those crates of...

Insurance Industry Can’t Paper Over Its Faults, Lloyd’s Chairman Advises

Jan 24 2005 // There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper.“The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the...

Insurance Industry Can’t Paper Over Its Faults, Lloyd’s Chairman Advises

Jan 24 2005 // There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper.“The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the...

How to Find New Markets

Jan 24 2005 // For nine years, Insurance Journal has published the annual Directory of Excess, Surplus and Specialty Markets. This issue is a resource for independent agents and brokers to help them find the markets they need. The print...

The Hartford Introduces Universal Excess Policy

Jan 20 2005 // The Hartford Financial Services Group Inc. has introduced Universal Excess, a new excess insurance policy that fits over directors & officers liability, fiduciary liability, employment practice liability,...

Lloyd’s Moving to MoMA Office Tower in N.Y. City

Jan 19 2005 // Lloyd’s of London is moving its New York City headquarters to The Museum of Modern Art’s new office tower.Designed by the internationally acclaimed architect, Yoshio Taniguchi, the boutique office tower has its...

Lloyd’s Chairman Warns Insurers 2005 Will Be Critical For Rebuilding Industry’s Reputation

Jan 13 2005 // A record year of natural disaster losses and Eliot Spitzer’s investigations into payment practices highlighted the urgent need for the insurance industry to tackle its reputation and practices during 2005, Lord...

Surplus Line Premiums Top $5.5 Billion

Jan 11 2005 // Ted Pierce, executive director of the Surplus Line Association of California (SLA) released the annual filed premium analysis demonstrating that $5,518,895,627 in surplus line insurance premiums were processed in 2004. The...

Western Security Surplus to Sponsor Los Angeles, Dallas Regions for Initial Insurance Journal Online Seminar

Jan 10 2005 // California-based Western Security Surplus will serve as a sponsor when Insurance Journal debuts the first in a series of “How to Write” online video seminars Thursday, Jan. 20, 2005. Western Security Surplus...

Shakeup in ACE U.S.A. Management – Rivera Resigns; Dowd New CEO; Lupica, Crosby Named to Key Posts

Jan 6 2005 // ACE Limited announced from its Bermuda headquarters a $298 million reserve strengthening (See related article in “International” section) and some major management changes in its U.S. operations.Brian E. Dowd,...

Focus on the Future: Come 2014, Industry Should Look Very Familiar

Jan 3 2005 // Ten years from now, some of the players within the property/casualty insurance industry will have changed but the industry itself will not look dramatically different from what it is today:Smaller companies and independent...

2003-2004 California Year-End Legislative Repo

Jan 3 2005 // A summary of the most important legislation affecting the industry in the New YearThe historic recall of Gray Davis and election of Arnold Schwarzenegger as governor of California set the tone for the 2004 legislative...