All the headlines from our Excess Surplus Topic Page, ordered by recency.
Mar 10 2003 // S&P’s affirmed its “A” long-term insurer financial strength rating on U.K.-based Lloyd’s insurance market. The “continuing commitment of capital providers to the Market and the consequent...
Mar 10 2003 // December is the most dreaded month for a surplus lines broker. In addition to all the 12/31 and 1/1 renewals, one must deal with underwriters and employees having the gall to go on vacation, holiday parties, holiday...
Mar 6 2003 // Endurance Specialty Holdings named Thomas Bell as president of its Bermuda operating subsidiary, Endurance Specialty Insurance Ltd. (Endurance Specialty). Bell, who joined Endurance Specialty in December 2001 as executive...
Mar 4 2003 // Calif. Insurance Commissioner John Garamendi held a press conference March 3 addressing the workers’ compensation crisis in California. Specifically, Garamendi proposed a seven point plan to return State Compensation...
Mar 3 2003 // Calif. Insurance Commissioner John Garamendi held a press conference March 3 addressing the workers’ compensation crisis in California. Specifically, Garamendi proposed a seven point plan to return State Compensation...
Feb 25 2003 // Bermuda-based Arch Capital Group Ltd. reported that net premiums written for the 2002 fourth quarter were $439.2 million, of which the company’s reinsurance and insurance operations contributed net premiums written...
Feb 12 2003 // “The insurance industry is facing a series of critical choices in the near future,” stated Lloyd’s Chairman Lord Levene, speaking before an audience of 130 insurance professionals at the Conrad Hotel in...
Feb 12 2003 // The Professional Insurance Wholesalers Association of New York State Inc. and the Professional Insurance Agents of New York State Inc. announced that the 2003 Specialty Markets Directory is now available...
Feb 10 2003 // Twenty Lloyd’s Syndicates filed a brief with the U.S. Court of Appeal on Friday in support of Swiss Re, Travelers and other insurance companies in their battle with Silverstein Properties over whether the destruction...
Feb 10 2003 // Lloyd’s announced that John Coldman and Bronek Masojada have been re-elected as deputy chairmen for a further year at a meeting of the Council of Lloyd’s held last Tuesday February 4. Coldman is Chairman of...
Feb 4 2003 // Arch Insurance (Bermuda), a division of Arch Reinsurance Ltd., announced the expansion of their excess liability capacity from $25 million to $40 million. “This additional capacity comes at a time when our clients...
Jan 30 2003 // Lloyd’s Chairman, Lord Levene, speaking to the Association of Insurers and Risk Managers (AIRMIC) at the Institute of Directors in London, described Lloyd’s as “a beacon of certainty in an uncertain...
Jan 29 2003 // Bermuda-based Max Re Capital Ltd. announced that its subsidiary, Max Re Ltd., has launched a new business unit to provide excess general liability insurance. Angelo M. Guagliano, formerly an executive with XL Insurance...
Jan 28 2003 // A.M. Best Co. has affirmed the A (Excellent) financial strength ratings of Chicago-based Aon Corporation’s key insurance underwriting subsidiaries and removed the ratings from under review.The ratings were placed...
Jan 27 2003 // For the past 23 years, the Insurance Journal has published the annual Directory of Excess, Surplus and Specialty Markets. This issue is a resource for independent agents and brokers to help them find the markets they need....
Jan 27 2003 // For the past seven years, the Insurance Journal has published the annual Directory of Excess, Surplus and Specialty Markets. This issue is a resource for independent agents and brokers to help them find the markets they...
Jan 24 2003 // Lloyd’s announced that it has recently accredited Canada’s Beach & Associates Ltd. and Italy’s Aon Italia Srl as the first new brokers to be given full access to the Lloyd’s market in...
Jan 20 2003 // According to the National Association of Independent Insurers (NAII), The Rhode Island Department of Business Regulation (RIDBR)’s Regulation 101 should be rewritten to specifically exclude surplus lines insurers,...
Jan 20 2003 // The European Commission, the top regulatory body of the European Union, is reportedly set to decide on Tuesday whether to file formal charges against the U.K. for failing to apply EU regulatory standards to the...
Jan 16 2003 // In his inaugural speech as Chairman of Lloyd’s of London, Lord Levene confirmed that the U.S. continues to be Lloyd’s largest single market accounting for approximately 40 percent of its business. He announced...