All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jun 29 2004 // The U.S. property/casualty industry’s net income after taxes rose to $13.3 billion in first-quarter 2004 from $6.5 billion in first-quarter 2003 as insurers posted an underwriting profit for only the second time...
Jun 29 2004 // A.M. Best Co. has downgraded the financial strength rating to B+ (Very Good) from B++ (Very Good) of The Atlantic Mutual Companies (The Atlantic). Concurrently, A.M. Best has downgraded the debt rating to “b+”...
Jun 23 2004 // Lloyd’s America has revealed exclusively to Insurance Journal that an investigation is currently underway for allegedly bogus umbrella trucking liability policies reportedly placed through the Oakland, Calif.-based...
Jun 23 2004 // The Toronto-based RS Group of Companies, Inc. (RSGC), formerly Rent Shield Corp., a provider of pass-through risk specialty insurance and reinsurance products, announced that it has completed the purchase of 49 percent of...
Jun 22 2004 // AXIS Capital Holdings Limited announced that its European insurance subsidiary, AXIS Specialty Europe Limited (AXIS Europe), has begun underwriting Directors and Officers Liability Insurance and other Professional Lines...
Jun 22 2004 // Guy Carpenter & Company Ltd., Marsh & McLennan’s global risk and reinsurance specialist, announced that it has released its annual, comprehensive review of the Lloyd’s Market – The Lloyd’s...
Jun 21 2004 // Nuts & Bolts: AIG Excess Casualty introduced AIG ExcessPrime, a $25 million commercial liability program that provides insureds with additional excess limits. AIG ExcessPrime is designed to sit in excess of $50...
Jun 21 2004 // Nuts & Bolts: AIG Excess Casualty, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), introduced AIG ExcessPrime, a $25 million commercial liability program that provides...
Jun 21 2004 // Nuts & Bolts: AIG Excess Casualty, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), introduced AIG ExcessPrime, a $25 million commercial liability program that provides...
Jun 21 2004 // Richard W. Peterson, 63, of San Francisco, a former insurance broker/agent, was arrested at Miami International Airport on federal fraud charges for allegedly selling approximately $4 million of fake insurance policies...
Jun 18 2004 // American E&S Insurance Brokers announced that Glenda Wertz has joined the firm as assistant vice president and will be located in Minneapolis, Minn. Wertz has over 20 years experience in the financial services area...
Jun 17 2004 // Nearly every news service in the world has picked up on the story about Lloyd’s underwriter Jonathan Thomas, who created a policy covering the loss of an unnamed male model’s chest hair.Thomas, who underwrites...
Jun 16 2004 // Charlotte, N.C.-based American Wholesale Insurance Group (AmWINS), one of the nation’s largest independent wholesale insurance broker, has announced the appointment of Stephen J. Vaccaro Jr. as president of its...
Jun 15 2004 // Art Moossmann has been named president, Specialty Insurance at Novato, Calif.-based Fireman’s Fund Insurance Company. The Specialty business combines the company’s marine business lines with its excess and...
Jun 15 2004 // Denis Brady, president and CEO of American E&S Insurance brokers, announced that Pascal Ray has joined AES as vice president and will be opening an office in Houston, Texas. Ray has over 18 years experience in...
Jun 10 2004 // Lloyd’s has released its first report on slip quality since mandating the use of the LMP (London Market Principles) slip at the start of the year.The study analyzes overall market performance, using a balanced...
Jun 9 2004 // London-based Wellington Underwriting plc, a major Lloyd’s underwriter, has announced plans for expansion into U.S. Specialty business through the proposed acquisition of AXA Corporate Solutions Excess and Surplus...
Jun 8 2004 // With all signs pointing to increasing competition in U.S. property/casualty markets, the most important challenge many insurers face may be survival itself, an industry leader said Tuesday.In remarks at the 76th Annual...
Jun 7 2004 // The Florida Surplus Lines Association will hit the waves at its 44th Annual Convention, July 29 – Aug. 2, 2004. For the first time, the convention will take place on a four-night cruise out of Ft. Lauderdale, Fla. To...
Jun 7 2004 // Nuts & Bolts: AIG Excess Casualty introduced AIG ExcessPrime, a $25 million commercial liability program that provides insureds with additional excess limits. AIG ExcessPrime is designed to sit in excess of $50...