All the headlines from our Excess Surplus Topic Page, ordered by recency.
May 6 2004 // OneBeacon Insurance Group LLC, a wholly owned subsidiary of White Mountains Insurance Group Ltd. announced its entry into the excess and surplus lines property business through its new OneBeacon Specialty Property...
May 3 2004 // International News • March 30 “These parties obviously want to bring a reparations test case. I think the courts will continue to resist cases in which principals are deceased. All of our descendants were abused by...
May 3 2004 // International News • March 30 “These parties obviously want to bring a reparations test case. I think the courts will continue to resist cases in which principals are deceased. All of our descendants were abused by...
May 3 2004 // The property/casualty insurance industry’s net income after taxes rose to $29.9 billion in 2003—nearly 10 times the industry’s $3 billion in net income in 2002.Benefiting from both the $29.9 billion in net...
May 3 2004 // XL Capital Ltd. announced that Nicholas J. Metcalf, Chief Executive Officer of the Company’s Lloyd’s operation, XL London Market Ltd., has decided to leave the Company to pursue other business interests. Clive...
May 3 2004 // International News • March 30 “These parties obviously want to bring a reparations test case. I think the courts will continue to resist cases in which principals are deceased. All of our descendants were abused by...
Apr 29 2004 // The AIG Companies announced the introduction of BusPlus(SM), described as “a new umbrella liability insurance package that offers excess auto liability insurance coverage, sexual misconduct liability coverage and...
Apr 27 2004 // In what reports have characterized as a minor victory for Silverstein Properties in the WTC insurance recovery case, Judge Michael Mukasey told the jury, which ended five days of deliberations yesterday, that they could...
Apr 26 2004 // Bermuda-based AXIS Capital Holdings Limited announced that the underwriters of its secondary offering have exercised their option to purchase an additional 3,000,000 common shares, in full, at a price of $27.91 to cover...
Apr 26 2004 // A man who ran a pub in England while on the lam from Louisiana’s 1990s insurance scandals pleaded guilty to a federal charge and faces up to five years in prison, the Associated Press reported.Nofio Pecoraro Jr., 54,...
Apr 23 2004 // The Property Casualty Insurers Association of America has issued a quick response to the report issued by the Consumer Federation of America (CFA), which said that extension of the Terrorism Risk Insurance Act was largely...
Apr 23 2004 // Standard & Poor’s Ratings Services announced the affirmation of its “AA” counterparty credit and financial strength ratings on Houston Casualty Co., Avemco Insurance Co. (Avemco), U.S. Specialty...
Apr 23 2004 // Richard W. Peterson, 63, of San Francisco, a former insurance broker/agent, was arrested April 19th at Miami International Airport on federal fraud charges for allegedly selling approximately $4 million of fake insurance...
Apr 22 2004 // Speaking to business leaders in San Francisco at the World Affairs Council, Lloyd’s Chairman Peter Levene warned that new global risks increasingly threaten corporations, and need to be addressed at the boardroom...
Apr 21 2004 // The Florida Surplus Lines Association announced it 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....
Apr 20 2004 // Bermuda’s XL Capital Ltd. announced that it plans to enter the market for primary casualty risk management programs for major U.S. corporations. The company also announced the launch of an Excess Workers Compensation...
Apr 19 2004 // Ten present-day descendants of slaves who were transported from Africa in the 18th and 19th centuries have filed a lawsuit against R.J. Reynolds Tobacco Co., Fleet Boston Financial Corp. (as successor in interest to the...
Apr 19 2004 // Ten present day descendants of slaves, transported from Africa in the 18th and 19th centuries, have filed a law suit against R.J. Reynolds Tobacco Co., Fleet Boston Financial Corp. (as successor in interest to the...
Apr 15 2004 // Risk Management Solutions (RMS), a provider of products and services for catastrophe risk management, has issued a set of instructions and tools to assist Lloyd’s syndicates in completing the 2004 Lloyd’s...
Apr 14 2004 // The property/casualty insurance industry’s net income after taxes rose to $29.9 billion in 2003 — nearly 10 times the industry’s $3 billion in net income in 2002.Benefiting from both the $29.9 billion in net...