All the headlines from our Excess Surplus Topic Page, ordered by recency.
Dec 17 2002 // Rolf Tolle, currently the Chief Underwriting Officer of Faraday Group, General Re’s Lloyd’s and London Market insurance and reinsurance operation, has been appointed as the first Performance Director of the...
Dec 17 2002 // Canada’s Fairfax Financial Holdings Ltd. revealed plans on Monday to significantly restructure its Dallas-based subsidiary TIG Insurance.Plans call for a portion of the company’s business to be placed into...
Dec 17 2002 // Stephen L. Way, Chairman and CEO of Houston-based HCC Insurance Holdings, Inc. announced that the Company had reached an agreement to acquire Lloyd’s broker Dickson Manchester & Company Limited (DM). “DM...
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
Dec 16 2002 // For this end-of-the year edition of Insurance Journal, we looked at some unique or interesting programs and found eight that grabbed our attention. Obviously they do not represent a comprehensive list, which is admittedly...
Dec 16 2002 // The solvency record of the domestic surplus lines industry continues to mirror that of the total property/casualty industry, according to the ninth annual study of the excess and surplus lines industry by the A.M. Best...
Dec 16 2002 // Standard & Poor’s Ratings Services assigned its “AA” counterparty credit and financial strength ratings to HCC Specialty Insurance Co. (HCC Specialty) and HCC Life Insurance Co. (HCC Life). Also...
Dec 16 2002 // The events of Sept. 11 were a defining moment in the reinsurance market; a watershed event that opened up the eyes of everyone in the insurance industry, forcing a re-evaluation of the industry’s practices,...
Dec 16 2002 // For this end-of-the year edition of Insurance Journal, we looked at some unique or interesting programs and found eight that grabbed our attention. Obviously they do not represent a comprehensive list, which is admittedly...
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
Dec 16 2002 // When you’re compiling a list of top 10’s, there is always the fear of leaving someone off, admitting someone who maybe does not deserve the billing or having the players out of order of importance. Believe me,...
Dec 13 2002 // The St. Paul Companies announced that Martin Hudson has been named as the new CEO of The St. Paul at Lloyd’s, following the resignation of David Reed. Hudson, who will also retain his current position as CEO of St....
Dec 12 2002 // Lloyd’s CEO Nick Prettejohn announced that the venerable institution’s market capacity would be the biggest it has ever had in its 315 year history – £14.25 billion ($22.47 billion), an increase of...
Dec 9 2002 // Tim Wagner, Director of the Nebraska Department of Insurance, announced that rates charged by the Nebraska Excess Liability Fund for excess medical professional liability insurance for doctors, hospitals and other health...
Dec 9 2002 // Bermuda-based Trenwick Group Ltd. announced today that it has reached an agreement in principle with its Lloyd’s letter of credit providers which will allow it to continue underwriting at Lloyd’s in 2003.The...
Dec 6 2002 // The St. Paul Companies announced the formation of a new underwriting operation for national program business, an addition to its portfolio of specialty commercial business units.The new business unit, Specialty Programs,...
Dec 6 2002 // First Capital Group, a Roslyn Heights, N.Y.-based program manager, announced it has partnered with United National Group to provide commercial umbrella and excess third party liability lines nationwide. The new program...
Dec 5 2002 // Lloyd’s CEO Nick Prettejohn, speaking Tuesday at the Royal Institute of International Affairs, gave a ringing endorsement of Lloyd’s reform program. Opening his remarks with a rhetorical question: “Is...
Nov 27 2002 // The St. Paul at Lloyd’s announced the launch of Syndicate 5000, its newly created corporate syndicate that will specialize in underwriting non-life business at Lloyd’s on behalf of The St. Paul Companies...
Nov 25 2002 // Following recently-announced plans to exit its specialty insurance underwriting operations, Aon Corporation of Chicago entered an agreement in principle to sell its specialty property and casualty insurance subsidiary,...