All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Mar 2 2004 // A.M. Best Co. announced that it has affirmed the majority of the financial strength ratings and a senior debt rating of Pittsburgh-based Highmark Inc.; however, Best said it had revised the rating outlooks to negative from...
Feb 23 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000...
Feb 23 2004 // Nuts & Bolts: Chubb/Axiom has a new market for specialty marine and pleasure crafts.Dollars: Deductibles of $1,000. Minimum premium, $2,500; policy limits, $10 million. Carrier: Chubb Insurance Co., rated...
Feb 23 2004 // Nuts & Bolts: Essex Insurance Company, a division of Markel Group, is offering a new market for specialty marine products, especially hard to place risks.Dollars: Deductibles of $1,000. Minimum premium, $500; policy...
Feb 23 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000...
Feb 19 2004 // Shawn Lowry, president of Overland Park, Kan.-based Brooke Corp.’s franchise subsidiary, announced the introduction of a Brooke franchise for insurance agents that specialize in the sale of automobile...
Feb 19 2004 // Danville, Calif.-based CenCal Insurance Services announced further expansion of its Commercial and Specialty Products Division by introducing a new commercial products approach that provides real opportunity for writing...
Feb 11 2004 // Overland Park, Kan.-based GE Commercial Insurance, a division of GE’s Employers Reinsurance Corp. (ERC), announced it has increased its capacity to write umbrella and follow form excess coverage underwritten by the...
Feb 11 2004 // Lloyd’s announced that its Kinnect data transmission platform has just handled its first “open market” risk placement – a “complex open market risk” placed by Willis with Amlin last...
Feb 9 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). See the Jan. 24 and Jan. 26 stories on...