All the headlines from our Excess Surplus Topic Page, ordered by recency.
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,...
Nov 25 2002 // If there was one message speakers at the 2002 Annual Meeting of the Texas Surplus Lines Association (TSLA) wanted their audience to go away with, it was: Get to know your state legislators. That was the mantra chanted by...
Nov 25 2002 // S&P assigned its “A” counterparty credit rating and FSR to the members of the Colony Intercompany Pool and to Argonaut Great Central Insurance Co. It also affirmed its “A” ratings on the...
Nov 15 2002 // Aon has agreed to sell its Sheffield Insurance Corporation, a specialty property and casualty insurance subsidiary, to Bermuda’s Axis Specialty Limited for an undisclosed price, subject to regulatory approval.Aon had...
Nov 14 2002 // Lloyd’s has selected ten of the eleven members who will serve on the newly created Franchise Board (FB) which will take over management of the insurance market’s supervisory and commercial affairs beginning...
Nov 11 2002 // A.M. Best Co. assigned a syndicate rating of “A” with stable outlook to Lloyd’s Syndicate 510, managed by R. J. Kiln & Co. Ltd. The rating reflects the syndicate’s excellent current and...
Nov 11 2002 // More than a year after Sept. 11, the U.S., the European Union (EU) and many other countries are still working on ways to provide adequate insurance coverage for their air carriers. While several plans have been suggested,...
Nov 11 2002 // Much has been written in the insurance press lately about the cyclical nature of the insurance industry. Now the market is hard, or hardening. For most of the 1990s stock markets boomed, the insurance market softened and...
Nov 11 2002 // More than a year after Sept. 11, the U.S., the European Union (EU) and many other countries are still working on ways to provide adequate insurance coverage for their air carriers. While several plans have been suggested,...
Nov 11 2002 // A.M. Best Co. assigned a syndicate rating of “A” with stable outlook to Lloyd’s Syndicate 510, managed by R. J. Kiln & Co. Ltd. The rating reflects the syndicate’s excellent current and...
Nov 8 2002 // Argonaut Group Inc., based in San Antonio, announced the appointment of Dale H. Pilkington as president of Colony Insurance Group, the company’s Excess and Surplus (E&S) lines operation. Pilkington, who has most...
Nov 7 2002 // Announcing financial results for the three- and nine-month periods ended Sept. 30, 2002, San Antonio-based Argonaut Group Inc. said for the third consecutive quarter, the group reported positive and improved operating...