All the headlines from our Excess Surplus Topic Page, ordered by recency.
Sep 6 2004 // While it’s hard to find many positives about today’s increasingly litigious environment, it has helped fuel the need for both personal and commercial umbrellas.“We’re seeing an increased demand for...
Sep 2 2004 // Lloyd’s announced that it has set up a special team of LMP (London Market Principles) slip auditors.“The team will work with businesses across the market to help them meet the 95 percent compliance target by...
Sep 1 2004 // Debbie Messina, branch manager of Monarch E&S Insurance Services, recently opened a new office in Rancho Mirage, Calif. Messina has 26 years insurance experience and previously served as vice president for another...
Aug 27 2004 // A.M. Best Co. announced that it has assigned its Syndicate Rating of “A” (Excellent) to Lloyd’s Syndicate 1084, managed by Chaucer Syndicates Ltd., and an issuer credit rating (ICR) of...
Aug 23 2004 // New York’s surplus lines industry is trying to convince the Pataki administration to allow a change in the premium financing of surplus lines accounts, a change that lawmakers have approved overwhelmingly, but the...
Aug 23 2004 // A solution that is both simple and fair is the creation of an interstate compact like the one under review by NAPSLO’s legislative committee.Surplus line producers have benefited greatly from the Gramm-Leach-Bliley...
Aug 19 2004 // Chicago-based online wholesaler Noodle Specialty Brokers (NSB) announced that Jonathan Freeburg, 44, has joined the company as a senior underwriter focusing on private company directors’ and officers’ liability...
Aug 19 2004 // A man who was on the lam for 11 years from Louisiana’s 1990s insurance scandals was sentenced on Aug. 18, 2004 to less than two years in prison, the Associated Press reported.Nofio Pecoraro Jr., 54, pleaded guilty in...
Aug 18 2004 // Aspen Insurance Holdings Ltd. announced that Aspen Specialty Insurance Company, a wholly owned subsidiary, will open offices in Atlanta, Georgia and Scottsdale, Arizona. Janet Lovell and Glen Plagmann will lead...
Aug 18 2004 // Derek Borisoff, CEO and president of Monarch E&S Insurance Services has announced that Lance Amick has been hired as the branch manager/senior underwriter of the San Diego branch office. Amick’s responsibilities...
Aug 17 2004 // Lloyd’s announced it is opening a West Coast office based in Los Angeles, whose principal goal will be to enhance the Lloyd’s trading platform in four Western States: California, Oregon, Washington and...
Aug 16 2004 // ACE Westchester Specialty Group, the U.S.-based wholesale focused property and casualty operation of the ACE Group of Companies, has entered the environmental risk market, resulting in the creation of a new environmental...
Aug 13 2004 // Following the upgrade of the financial strength rating to “A” (Excellent) from “A-” (Excellent) of Lloyd’s of London and the assignment of an issuer credit rating (ICR) of “a” (See...
Aug 13 2004 // A.M. Best Co. announced that it has upgraded Lloyd’s financial strength rating to “A” (Excellent) from “A-” (Excellent), and has assigned an issuer credit rating of “a” with a...
Aug 6 2004 // Cincinnati-based property/casualty carrier Great American Insurance Group announced that John W. Sullivan has been promoted to divisional president of its specialty human services division. Sullivan has managed this...
Aug 6 2004 // Insurance industry veterans James A. Fowler and John D. Keyes have joined Chicago-based Noodle Specialty Brokers (NSB), the newly formed division of InsuranceNoodle Inc., as senior vice presidents of underwriting. Noodle...
Aug 4 2004 // Aetna has revealed plans for a joint venture to provide specialty drugs to its members of its health plans with severe chronic illnesses while holding down costs.The launch of Aetna Specialty Pharmacy, jointly owned by...
Aug 4 2004 // Salt Lake City, Utah-based surplus line carrier Prime Insurance Syndicate Inc. announced that it has received approval to write surplus lines insurance business in Minnesota, effective Aug. 1, 2004. Prime, which offers...
Aug 3 2004 // Argonaut Group Inc., based in San Antonio, announced financial results for the three months ended June 30, 2004, reporting that earned premiums for the quarter were a record $157 million.The company’s consolidated...
Jul 28 2004 // Penn-America Group, Inc. in Hatboro, Pa., (NYSE: PNG ) reported record operating income of $4.8 million or $0.32 per share for the second quarter of 2004 compared with operating income of $3.7 million or $0.25 per share...