All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jun 13 2003 // Equitas, the runoff vehicle established by Lloyd’s in 1996 to handle claims liabilities prior to 1992, principally asbestos and environmental claims, announced decreases in its reserves for the fiscal year ended 31...
Jun 13 2003 // James Sutherland, who heads Lloyd’s Development & Strategy – Worldwide Markets, indicated that European brokers will play an increasingly powerful role in the European insurance market of the...
Jun 9 2003 // A.M. Best Co. has placed the financial strength rating of A- (Excellent) of the Atlantic Mutual Companies (The Atlantic) (New York) under review with negative implications.Concurrently, A.M. Best has placed the...
Jun 9 2003 // The U.K.’s Royal & SunAlliance announced today that it has agreed to sell Royal Specialty Underwriting, Inc. (RSUI), its U.S. surplus lines division, to Alleghany Insurance Holdings LLC for “around £72...
Jun 9 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
Jun 9 2003 // One of the big issues facing small- to mid-size oil and gas operators and contractors these days is the need to determine how much risk they are willing to carry themselves and how much they want to transfer to an insuring...
Jun 9 2003 // What have you done in the last six months? Former Louisiana Commissioner Jim Brown lost 28 pounds, read 100 books, cooked for hundreds of people daily and squeezed in a weekly World Wide Web column between two book...
Jun 9 2003 // “Amateur hour is over.” Those were the words of the Sullivan Group president Gerald J. Sullivan, addressing a roomful of industry executives recently at the 9th Annual Insuring the Children Forum....
Jun 9 2003 // One of the big issues facing small- to mid-size oil and gas operators and contractors these days is the need to determine how much risk they are willing to carry themselves and how much they want to transfer to an insuring...
Jun 9 2003 // What have you done in the last six months? Former Louisiana Commissioner Jim Brown lost 28 pounds, read 100 books, cooked for hundreds of people daily and squeezed in a weekly World Wide Web column between two book...
Jun 9 2003 // Happy times are here again for professionals who operate in the excess and surplus lines arena—at least as far as making money goes. Rates are up, bringing commissions up with them, and in many lines the pull back of...
Jun 9 2003 // Happy times are here again for professionals who operate in the excess and surplus lines arena—at least as far as making money goes. Rates are up, bringing commissions up with them, and in many lines the pull back of...
Jun 6 2003 // Pasadena-based Western Security Surplus Insurance Brokers Inc. announced that Joycette A. Casella has joined as a broker. Casella will be responsible for producing new business opportunities in the commercial property and...
Jun 6 2003 // Lloyd’s of London’s Franchise Performance Director, Rolf Tolle, announced that Jeremy Pinchin, previously Special Counsel for September 11th claims, will head a newly created department of Reinsurance and...
Jun 5 2003 // The Professional Insurance Agents of New Jersey Inc. announced that, “in response to the New Jersey Department of Banking and Insurance’s new rules and procedures for the procurement of insurance from surplus...
Jun 4 2003 // The California Court of Appeal recently ruled that Lloyd’s of London could not force a self-employed plumbing contractor to arbitrate his claim for bad faith denial of disability insurance benefits. Trial Lawyers for...
Jun 4 2003 // A.M. Best Co. announced that it has assigned a “Best’s syndicate rating of A- (Excellent) to Lloyd’s Syndicate 2010, managed by Cathedral Underwriting Ltd.” , with a “stable”...
May 23 2003 // Lloyd’s Chairman, Lord Peter Levene, told more than 250 senior brokers at the first Lloyd’s European Symposium, held at the Grange City Hotel in London, that now is the time for Lloyd’s to take whatever...
May 20 2003 // Insurity Inc., a ChoicePoint® company, headquartered in Hartford, Conn., announced that the American Association of Managing General Agents’ (AAMGA) board of directors has voted to ratify Insurity as a full-fledged...
May 20 2003 // Baltimore Technologies, a leading global e-security provider, announced that Hewlett Packard has chosen its “Baltimore SelectAccess (TM)” system to provide web access control and on-line security and...