All the headlines from our Excess Surplus Topic Page, ordered by recency.
Nov 6 2002 // Lord Peter Levene of Portsoken was unanimously confirmed today by the Council of Lloyds as the 61st Chairman of Lloyd’s, and the first one from outside the London market in its 314 year history.He was selected last...
Nov 5 2002 // Bermuda-based Trenwick Group Ltd. announced that it has concluded an agreement with National Indemnity Company, a member of Warren Buffet’s Berkshire Hathaway group, to provide Trenwick’s Lloyd’s...
Oct 31 2002 // Bermuda-based Trenwick Group Ltd. announced today that it will cease underwriting U.S. specialty program insurance business effective immediately. The news follows the announcement of an agreement to create an underwriting...
Oct 30 2002 // Bermuda-based Trenwick Group Ltd. announced that it would cease underwriting its U.S. specialty program insurance business effective immediately. Operating under the name Canterbury Financial Group Inc. and through its...
Oct 29 2002 // “Too many of us believe that the insurance market is dictated to by the insurance cycle.” Those were the words of Julian James, director of Worldwide Markets at Lloyd’s of London. James spoke before a...
Oct 28 2002 // The U.S. excess and surplus lines market reported a 35 percent increase in direct premium volume in 2001, according to the “Annual Review of the Excess & Surplus Lines Industry-September 2002,” released by...
Oct 28 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) recognized the top four graduates of the Associate in Surplus Lines Insurance (ASLI) program at its annual convention in Boston, Mass. Andrew Frazier,...
Oct 28 2002 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (both of...
Oct 28 2002 // A.M. Best Co. has affirmed the Best’s syndicate rating of “A-” of Lloyd’s syndicate 1243, which is managed by Euclidian Underwriting Limited, U.K. The outlook is stable.The rating reflects the...
Oct 28 2002 // Be prepared.” Personal lines agents would do well to take that time-tested Scout motto to heart during these troubled times in the Texas homeowners market. Already inundated with calls from folks who are having a...
Oct 28 2002 // Be prepared.” Personal lines agents would do well to take that time-tested Scout motto to heart during these troubled times in the Texas homeowners market. Already inundated with calls from folks who are having a...
Oct 24 2002 // 39-year-old Philip Dohrman will receive a $13 million settlement stemming from a legal dispute with trucking company Allied Systems Ltd. and a tire servicing firm, according to the Associated Press.Dohrman, of Huntington...
Oct 15 2002 // Judge Lorenzo Garcia of the U.S. District Court in Albuquerque New Mexico has upheld the ruling of a U.K. court in favor of Lloyd’s claims for a total of $2.8 million from six American investors, or...
Oct 10 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) recognized the top four graduates of the Associate in Surplus Lines Insurance (ASLI) program at its annual convention in Boston, Mass. Andrew Frazier,...
Oct 8 2002 // Bermuda’s AXIS Specialty Limited announced that it has completed the acquisition of Connecticut Specialty Insurance Company, which will be renamed AXIS Specialty Insurance Company (ASI).The Connecticut-based surplus...
Oct 8 2002 // The U.S. excess and surplus lines market reported a 35 percent increase in direct premium volume in 2001, according to the “Annual Review of the Excess & Surplus Lines Industry-September 2002,” released by...
Oct 8 2002 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (both of...
Oct 4 2002 // A preliminary draft of a report prepared for the European Commission apparently indicates that U.K. regulators failed to adhere to European Community regulations in auditing and oversight of Lloyd’s of...
Oct 4 2002 // Bermuda’s Endurance Specialty Insurance Ltd. announced the promotion of David V. Cabral to Executive VP for Excess Casualty and Professional Liability and that Ronald H. Koch has been named a Senior VP for Casualty...
Oct 1 2002 // Moody’s Investors Service’s latest forecasts for the Lloyd’s Market indicate it will lose around £5 billion ($7.8 billion) for the 2000 and 2001 years of account.According to the report, the loss...