All the headlines from our Excess Surplus Topic Page, ordered by recency.
Dec 10 2003 // Berkley Medical Excess Underwriters, LLC, an underwriting management unit of W. R. Berkley Corporation, announced the appointment of Todd Brown to the position of vice president, underwriting. Berkley Medical Excess...
Dec 10 2003 // AIG Specialty Workers’ Compensation®, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), announced the launch of AIG RiskTool System(SM), an online loss prevention and...
Dec 10 2003 // Standard & Poor’s has placed its ‘BBB’ counterparty credit and financial strength ratings on Atlantic Mutual Insurance Co., Centennial Insurance Co., and Atlantic Lloyds Insurance Co. of Texas...
Dec 10 2003 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of ‘A’ (Excellent) on Lloyd’s Syndicate 958, which is managed by Omega Underwriting Agents Ltd, with a stable outlook.“The rating...
Dec 9 2003 // Ted Pierce, executive director of the Surplus Line Association of California (SLA) announced that Dec. 1, 2003 marks the 65th anniversary of the organization’s stamping office. On this date in 1938, California...
Dec 4 2003 // Holly C. Bakke, the head of New Jersey’s Department of Banking and Insurance, has issued a bulletin to the state’s licensed surplus lines producers requesting that they advise policyholders about the Legion...
Dec 1 2003 // At first blush, the Strategic Independent Agents Alliance may look like just one more short-term solution to the increasing shift in the balance of power toward insurance carriers away from independent agents. Commissions...
Dec 1 2003 // Over the past several years, launching new insurance programs—both from the perspective of potential producers (MGAs, retail agent groups, and wholesalers) and the specialty insurance carriers—has been difficult. The...
Dec 1 2003 // Over the past several years, launching new insurance programs—both from the perspective of potential producers, such as MGAs, retail agent groups and wholesalers, and the specialty insurance carriers—has been...
Dec 1 2003 // At first blush, the Strategic Independent Agents Alliance may look like just one more short-term solution to the increasing shift in the balance of power toward insurance carriers away from independent agents. ommissions...
Nov 28 2003 // Chattem, Inc., a marketer and manufacturer of branded consumer products, announced that Interstate Fire & Casualty Company (“Interstate”) has filed a motion to intervene as a party plaintiff in the...
Nov 20 2003 // Guy Carpenter & Company, Inc. announced the development of a proprietary analytical tool in response to insurance companies’ growing use of quota shares and surplus/trust preferred notes to manage their capital...
Nov 20 2003 // ACE USA, the U.S.-based retail operations of the ACE Group of Companies, announced the appointment of Ken Riegler, senior vice president, to lead the National Excess Workers’ Compensation unit for ACE Risk Management...
Nov 20 2003 // In a further move to bring its accounting procedures up to date, Lloyd’s announced it would adopt UK Generally Accepted Accounting Principles (GAAP) beginning January 1, 2005.It also plans to eventually adopt...
Nov 17 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Energy Insurance Mutual Limited (EIM) (Bridgetown, Barbados). The rating outlook is stable.The rating reflects EIM’s excellent...
Nov 14 2003 // U.S.-based insurers’ reinsurance credit exposures have increased significantly during a period in which the credit quality of the reinsurance industry has deteriorated, according to a new research report published by...
Nov 11 2003 // London-based Lloyd’s announced that a comprehensive and consistent form of slip for writing risks will be mandated starting in January 2004.This new move reportedly will significantly improve business processes...
Nov 6 2003 // The California workers’ compensation system is broken with employers under immense financial strain due to continually rising premiums and employees feeling their legitimate claims being tarnished by the increasing...
Nov 6 2003 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of A (Excellent) of Lloyd’s Syndicate 510 with a stable outlook. The U.K.’s R J Kiln & Co Ltd. is the Synicate’s manager.“The...
Nov 4 2003 // Toronto-based Rent Shield Corp, a provider of pass-through risk specialty insurance and reinsurance products, announced that it has received a Binding Agreement from Tysers International Insurance and Reinsurance Brokers...