All the headlines from our Excess Surplus Topic Page, ordered by recency.
Mar 29 2004 // Lloyd’s has taken an additional step to try and cash in on what is arguably the best known name in global insurance. News reports (compiled by Reuters and Yahoo) note that the 300 year old London market has hired the...
Mar 26 2004 // New York-based ACE Casualty Risk, a division of ACE USA, announced the launch of its Energy Excess Casualty Practice, which provides “a comprehensive package of insurance products and services focusing on...
Mar 23 2004 // Lloyd’s runoff vehicle Equitas and Travelers Property Casualty have reached a comprehensive settlement of policies existing between Travelers and the Lloyd’s underwriters who are reinsured by Equitas.Equitas...
Mar 22 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...
Mar 22 2004 // Nuts & Bolts: Trafalgar Marine Insurance Services Inc. is offering a new market for specialty marine and pleasure crafts.Dollars: Deductibles of $1,000. Minimum premiums of $2,500. Policy limits of $10 million....
Mar 22 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...
Mar 22 2004 // Nuts & Bolts: Trafalgar Marine Insurance Services Inc. announced it is offering a new market for specialty marine and pleasure crafts. Dollars: Deductibles of $1,000. Minimum premiums of $2,500. Policy limits of $10...
Mar 22 2004 // Nuts & Bolts: Trafalgar Marine Insurance Services Inc. is offering a new market for specialty marine products, especially hard to place risks.Dollars: Deductibles of $1,000. Minimum premiums of $500. Policy limits of...
Mar 19 2004 // Oldwick, N.J.-based insurer ratings agency A.M. Best Co. has affirmed the financial strength ratings of the insurance subsidiaries of Cincinnati Financial Corp. The affirmations include “A++” (superior) for the...
Mar 19 2004 // A.M. Best Co. announced that it has affirmed its “A+” (Superior) Syndicate Rating of Lloyd’s Syndicate 1414 with a stable outlook.“The rating reflects explicit support from American Home Assurance...
Mar 18 2004 // Chancellor Gordon Brown’s 2004 U.K. budget proposals will help schools with extra cash and retired persons with tax breaks, but not civil servants, as the budget plans on cutting some 40,000 jobs. While the U.K. will...
Mar 15 2004 // Moody’s Investors Service announced that it has downgraded the A1 Insurance Financial Strength Rating (IFSR) of Lloyd’s syndicate 1007, SVB Syndicates Limited, to A2 and assigned a stable outlook. It also...
Mar 12 2004 // Moody’s Investors Service’s latest forecasts for the Lloyd’s of London insurance market indicate that Lloyd’s could record profits totaling around £6 billion ($10.8 billion) for the 2002 to 2004...
Mar 10 2004 // Lloyd’s announced that Philip Lader, former U.S. Ambassador to the United Kingdom, is to join the Council at Lloyd’s, the ultimate governing body of the market.Lader served as U.S. Ambassador to the U.K. from...
Mar 10 2004 // Lloyd’s announced that two U.S.-based brokers have been honored for their outstanding achievements in 2003.Gary Cooney of McGriff, Seibels & Williams was named US Surplus Lines Broker of the Year and John...
Mar 10 2004 // Bills dealing with the surplus lines market are up for consideration in the Illinois legislature this session.“We’re keeping a close eye on two surplus lines bills, one of which resembles a bill vetoed last...
Mar 8 2004 // Although I’ve been around the specialty industry for more years than I care to reveal and now have seen multiple hard and soft markets, I’m confused.Why such confusion? After reading tea leaves, consulting the...
Mar 8 2004 // The Surplus Lines Stamping Office of Texas was established in 1988 as a result of legislation drafted by a committee that included Texas Surplus Lines Association members, Texas Department of Insurance staff and other...
Mar 8 2004 // Although I’ve been around the specialty industry for more years than I care to reveal (this information is in poor taste, akin to discussing a woman’s age), and now have seen multiple hard and soft markets,...
Mar 8 2004 // Surplus lines company executives and wholesalers at NAPSLO responded uniformly with broad smiles when asked about their 2003 results.Although I’ve been around the specialty industry for more years than I care to...