All the headlines from our Excess Surplus Topic Page, ordered by recency.
Aug 8 2003 // Fairfield, Ohio-based carrier Ohio Casualty Corp. announced second-quarter net income of $11 million, or 18 cents per diluted share, down from a year ago’s $13.1 million, or 21 cents per diluted share. The company...
Aug 7 2003 // San Antonio-based Argonaut Group Inc. announced financial results for the three- and six-month periods ended June 30, 2003, noting that the group’s gross written premium during the second quarter increased to $199.5...
Aug 6 2003 // The St. Paul Cos. announced that Gregory Vezzosi, a 27-year veteran of the property-casualty insurance industry, has been named senior vice president, Specialty Commercial. The appointment is effective immediately. Vezzosi...
Aug 5 2003 // Sax Riley, immediate past chairman of Lloyd’s, collapsed and died July 25 while playing golf in Surrey, England. He was 63. Riley retired from Lloyd’s last year under amicable circumstances, clearing the way...
Aug 4 2003 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on the members of the Kemper Insurance Cos. intercompany pool to “CCC” from “B-” with a negative...
Aug 4 2003 // California’s State Compensation Insurance Fund has issued its audited statutory-basis financial statements as of Dec. 31, 2002. Net premium written for 2002 was $5.3 billion, an increase of 49 percent from $3.6...
Aug 1 2003 // The Target Markets Program Administrators Association announced the membership of two new carrier partners. Mitsui Sumitomo and CNA E&S will be joining a growing list of Carrier Partners in the Target Markets Program...
Jul 31 2003 // The St. Paul Co. announced second-quarter 2003 net income of $214 million, or 89 cents per share, up from a second-quarter 2002 net loss of $223 million, or $1.09 per share. Second-quarter 2003 operating earnings were $172...
Jul 24 2003 // American E&S Insurance Brokers of New York Inc. announced today the acquisition of RMC2, LLC, a national excess and surplus insurance broker with offices in the Chicago area and West Palm Beach, Fla. American E&S...
Jul 23 2003 // California’s State Compensation Insurance Fund has issued its audited statutory-basis financial statements as of Dec. 31, 2002. Net premium written for 2002 was $5.3 billion, an increase of 49 percent from $3.6...
Jul 23 2003 // Lloyd’s of London chairman Lord Levene will file a submission soon seeking approval to establish an on-shore reinsurance branch in China. Having an on-shore presence would allow Lloyd’s to reinsure local...
Jul 21 2003 // S&P assigned its “A” financial strength rating to Sheffield Insurance Corp., a writer of specialty insurance, based on its integration into the business plan of its parent, experienced management,...
Jul 21 2003 // A.M. Best Co. assigned an initial financial strength rating of “A-” (Excellent) to James River Insurance Company (James River). The rating outlook is stable. The company is the insurance subsidiary of James...
Jul 21 2003 // A.M. Best Co. assigned an initial financial strength rating of “A-” (Excellent) to James River Insurance Company (James River). The rating outlook is stable. The company is the insurance subsidiary of James...
Jul 21 2003 // S&P assigned its “A” financial strength rating to Sheffield Insurance Corp., a writer of specialty insurance, based on its integration into the business plan of its parent, experienced management,...
Jul 21 2003 // Hilb, Rogal and Hamilton Company has acquired the remaining 49 percent interest in New World E&S, LLC (New World), a casualty excess and surplus lines facility specializing in excess general liability and umbrella...
Jul 21 2003 // Paula Burnes, CEO of the Texas Surplus Lines Association (TSLA), recently sat down with Insurance Journal senior writer Dave Thomas to discuss the Association’s role in the industry, its plans for the future, and...
Jul 21 2003 // Responding to the lack of availability in the construction market, AIG Excess Casualty recently introduced a new excess casualty practice for builders and contractors, AIG Construction Specialty.AIG Construction Specialty...
Jul 18 2003 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of Lloyd’s of London. The outlook remains stable. The rating reflects Lloyd’s maintenance of an excellent business...
Jul 17 2003 // Standard & Poor’s commented on the members of the Royal SunAlliance USA group (RSA USA): Royal Insurance Co. of America, Royal Indemnity Co., Connecticut Indemnity Co., Security Insurance Co. of Hartford,...