All the headlines from our Excess Surplus Topic Page, ordered by recency.
May 5 2003 // I was standing at the ballpark watching the local minor league baseball team take batting practice before a game. My son was along for the insurance company-sponsored evening, and we were out along the third-base line in...
May 5 2003 // Outgoing AAMGA president Rob Giles sat down with Insurance Journal recently to discuss the association, managing general agents and his term as president, among other things. Giles, president of Wisconsin-based Midwest...
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
May 5 2003 // I was standing at the ballpark watching the local minor league baseball team take batting practice before a game. My son was along for the insurance company-sponsored evening, and we were out along the third-base line in...
May 5 2003 // Outgoing AAMGA president Rob Giles sat down with Insurance Journal recently to discuss the association, managing general agents and his term as president, among other things. Giles, president of Wisconsin-based Midwest...
May 2 2003 // A.M. Best Co. has downgraded the financial strength ratings to C++ (Marginal) from B (Fair) of the participants in the Kemper Insurance Companies (Long Grove, Ill.) inter-company pool, eight reinsured affiliates and one...
Apr 29 2003 // Kroll Inc. is adding kidnap & ransom (K&R) insurance brokered by Asset Security Managers (ASM), a wholly-owned subsidiary of Aon Limited, based in Chicago.Kroll’s new, non-exclusive arrangement with ASM,...
Apr 22 2003 // Insurance Services Office, Inc.’s (ISO) Engineering and Safety Service (E&S) unit has introduced a new Enterprise Subscription Service that enables insurance companies to connect their extranets for agents,...
Apr 21 2003 // The Associate in Surplus Lines Insurance (ASLI) program, the only nationally recognized certification program for surplus lines specialists and others seeking expertise in this field, has new completion options that...
Apr 17 2003 // The property/casualty insurance industry’s statutory surplus dropped $4.4 billion to $285.2 billion at year-end 2002 from $289.6 billion at year-end 2001. Surplus declined despite improvement in the industry’s...
Apr 17 2003 // The Midland Co. reported record results for its first quarter ended March 31, 2003. Net income per share was 56 cents, including 7 cents in realized capital losses. That compares with 44 cents per share in last...
Apr 11 2003 // W. R. Berkley Corporation announced the formation by its subsidiary, Admiral Insurance Company, of a new underwriting division. The new division, Admiral Excess Underwriters, will specialize in the underwriting of casualty...
Apr 11 2003 // As part of its ongoing segmentation strategy, the Business Insurance Division of Connecticut-based Royal & SunAlliance USA announced a new program of insurance and services for manufacturers of specialty food...
Apr 11 2003 // The current U.S. regulation system must change to accept Lloyd’s as a loyal partner rather than reinsurance aliens, the Chairman of Lloyd’s of London told journalists in Washington, D.C. recently.Speaking to...
Apr 11 2003 // Ace Westchester Specialty Group, a division of Ace USA Inc., has announced the opening of its new Chicago casualty office. The office, at 525 W. Monroe St., will underwrite primary general liability umbrella and high...
Apr 9 2003 // “The U.S. litigation system, if left unchecked, will destroy the American spirit of enterprise and drain the U.S. economy,” was the stark message given by Lloyd’s Chairman Lord Peter Levene in a speech...
Apr 7 2003 // Credit scoring, CLUE reports become targets of Commissioner Garamendi’s IreThe hard market has hit California homeowners hard. State Farm, which had nearly 23 percent market share in the state in 2001 according to...
Apr 3 2003 // If it were a sports story, it would be something like the Anaheim Angels winning the World Series last year, so when an insurance company, in this case an insurance market, goes from losing almost $5 billion to making...
Apr 2 2003 // After weathering asbestos claims, various disasters and the Sept. 11 attacks, Lloyd’s announced today that 2002 was a spectacularly profitable year. The 315-year old insurance market posted net profits on an annual...