All the headlines from our Excess Surplus Topic Page, ordered by recency.
Oct 18 2004 // Lloyd’s announced that it plans to make its debut in the international debt markets, with an issue aimed at raising approximately £500 million ($902 million) of long-term subordinated debt.The announcement indicated...
Oct 18 2004 // Beaverton, Ore.-based Indemnity Excess & Surplus Agency Inc. has hired Delia Grenier as senior associate broker and promoted Darren Eversole to marketing manager. Grenier will be responsible for brokering and...
Oct 15 2004 // United National Group Ltd., Penn-America Group Inc. and Penn Independent Corporation (PIC), a privately-held company, have announced their agreements to combine operations in transactions aggregating over $800 million in...
Oct 13 2004 // A.M. Best Co. has assigned a “bbb+” debt rating to the forthcoming dated Subordinated Notes to be issued by the Society of Lloyd’s (United Kingdom). At the same time, A.M. Best has assigned an issuer...
Oct 13 2004 // Employers opting out of the Texas Workers’ Compensation system now have a new ally in the ongoing battle to manage rising loss costs.Specialty Risk Services, LLC (SRS) is bringing its claim management expertise to...
Oct 11 2004 // A special report released by A.M. Best Co. concludes that at the end of 2003, direct premium volume for the surplus lines industry increased by about 28 percent over the prior year, which followed an estimated 62 percent...
Oct 11 2004 // Agency consolidations, consolidators’ objectives and a broad range of other trends and developments were highlighted by Steven S. Wevodau and Robert J. Lieblein, both with WFG Capital Advisors LP, during the National...
Oct 11 2004 // Myths about the E&S market should not prevent homeowners from securing high-quality coverage. High-quality nonadmitted markets can provide consistent, reliable coverage for high-value and high-risk properties.Even...
Oct 11 2004 // Even before Charley and Frances, insurers were fleeing the homeowners market for high–risk properties at an alarming pace. Over the last several years, large catastrophe and mold losses have caused a number of...
Oct 11 2004 // Even before Charley and Frances, insurers were fleeing the homeowners market for high-risk properties at an alarming pace. Over the last several years, large catastrophe and mold losses have caused a number of insurers to...
Oct 11 2004 // Agency consolidations, consolidator’s objectives and a broad range of other trends and developments were highlighted by Steven S. Wevodau and Robert J. Lieblein, both with WFG Capital Advisors LP, during the National...
Oct 7 2004 // AIG Excess Casualty(R), a division of the property and casualty insurance subsidiaries of American International Group, Inc., announced the launch of AIG ExcessAdvantage, described as “a new program designed to...
Oct 4 2004 // The U.K.’s annual Insurance and Financial Services Conference, sponsored by the Chartered Insurance Institute (CII) and the Chartered Institute of Loss Adjusters (CILA), got underway Wednesday, Sept. 29. The...
Sep 27 2004 // The National Association of Professional Surplus Lines Offices (NAPSLO) recognized the top four graduates of the Associate in Surplus Lines Insurance (ASLI) program at its annual convention on Sept. 21, 2004, in Orlando,...
Sep 27 2004 // Anyone who has ever visited Lloyd’s ultra-modern headquarters building on London’s Lime Street is struck by an odd anomaly. Despite the fact that every underwriter’s desk duly sports the obligatory...
Sep 21 2004 // Lloyd’s has released an advanced summary of remarks to be made by its Chairman, Lord Peter Levene, in a speech to Texas business leaders at the Houston Forum Monday night.Lloyd’s said Levene would urge industry...
Sep 21 2004 // Orlando – Since 9/11, Americans have been living in a world at an intersection between terrorism and technology, former Secretary of Defense William S. Cohen, explained during the opening of the National Association...
Sep 21 2004 // A special report released by A.M. Best Co. concludes that at the end of 2003, direct premium volume for the surplus lines industry increased by approximately 28 percent over the prior year, which followed an estimated 62...
Sep 20 2004 // If insurance brokers want to add value and differentiate themselves from their competitors in this hardening workers’ compensation marketplace, they should pay attention to the intricacies of how experience...
Sep 20 2004 // When the outgoing president of the National Association of Surplus Lines Offices (NAPSLO), Jim Griffith, founded Princeton Risk Managers in 1974, organizers of the surplus lines association were convening in Florida to...