All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Jan 13 2003 // A quick browse through the Web sites of state insurance commissioners across the country on any given day in any given year, is bound to turn up at least one account of regulators cracking down on an insurance agent for a...
Jan 9 2003 // Business Process Outsourcing company Xchanging announced the launch of the second phase of its ECR Service to review non-moving claims files for the Lloyd’s market for years of account 1993 onwards. A regular review...
Jan 9 2003 // Ted Pierce, executive director of the Surplus Line Association of California, released the association’s 2002 totals for processed surplus line premium showing a 104.5 percent increase over the 2001 premium...
Jan 8 2003 // Fitch Ratings has downgraded the insurer financial strength ratings of three primary insurance underwriters of the Kemper Insurance Companies (KIC) to ‘B+’ from ‘BBB’. Additionally, Fitch has...
Jan 2 2003 // Endurance Specialty Holdings announced that its U.S. subsidiary, Endurance Reinsurance Corporation of America (Endurance Re) has received Endurance’s group rating of A- (Excellent) from A.M. Best. Endurance Re is...
Dec 25 2002 // Bermuda-based Trenwick Group Ltd. announced that it has entered into definitive final agreements with its Lloyd’s letter of credit providers with respect to the renewal of $182 million of letters of credit supporting...
Dec 20 2002 // Lloyd’s announced that it has issued accreditation to four new brokers, including the first from India, as part of its ongoing initiative, launched in 2001, to widen access to the London market. The brokers are CK...
Dec 20 2002 // Bermuda-based Endurance Specialty Holdings Ltd. announced the formation of a wholly-owned U.S. subsidiary, Endurance Reinsurance Corporation of America (Endurance Re).The new company has been granted a license as a New...
Dec 18 2002 // Thanks to strong premium growth and lower catastrophe losses, the U.S. property/casualty industry earned $9.3 billion in net income after taxes through nine-months 2002, in sharp contrast to the $2.6 billion net loss...