All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jun 10 2002 // Before creating joint underwriting associations to provide difficult-to-obtain insurance, such as for medical malpractice or nursing homes, state regulators should encourage coverage by surplus lines’ insurers. The...
Jun 10 2002 // If you’re placing coverage for contractors, there are three factors that determine what obstacles you will encounter: location, location, location.The real question is whether it will stay that way or whether...
Jun 3 2002 // Aon Corporation says the spin-off of Combined Specialty Group, Inc. (CSG) is now expected to be completed after June 30.Steps necessary to complete the spin-off continue to be taken and the spin-off will be accomplished as...
May 30 2002 // Kevin Tromer received the Earle Dillard Award, which honors the top committee chair, by the American Association of Managing General Agents (AAMGA) at the association’s 76th annual meeting at the Bellagio Hotel in...
May 29 2002 // Michael G. Koziol, senior counsel and a director of the National Association of Independent Insurers (NAII), recently addressed a letter to the Pennsylvania Senate’s Banking and Insurance Committee, urging members to...
May 29 2002 // AXIS Specialty Limited, the newly formed Bermuda-based insurer, announced that it has received Irish Government approval to commence business as an insurer and reinsurer from its European headquarters in Dublin,...
May 27 2002 // Saying the move will allow the company to devote all of its financial resources and managerial attention to its best performing businesses, PMA Capital has decided to withdraw from the excess and surplus (E&S) lines...
May 27 2002 // The United States boasts nearly 51 million acres of lakes, 633,000 miles of rivers and 88,600 miles of coastal shoreline. So, it’s little wonder that water recreation is a popular summer pastime. In recent years,...
May 27 2002 // Saying the move will allow the company to devote all of its financial resources and managerial attention to its best performing businesses, PMA Capital has decided to withdraw from the excess and surplus (E&S) lines...
May 22 2002 // Lloyd’s and the London Market Insurance Brokers’ Committee (LMBC) announced that they have jointly establisheda new benchmarking program for the London Insurance Market. The program will allow insurers and...
May 17 2002 // Standard & Poor’s has assigned its ‘R’ financial strength rating to Western Specialty Insurance Co. in recognition of an order of liquidation issued by the Cook County Circuit Court in Illinois on...
May 17 2002 // Some of Hull & Company’s Senior Management team were seen having a serious business meeting at their poolside cabana during the May 5-9 AAMGA meeting at the Bellagio Hotel in Las Vegas. Hull & Company has...
May 16 2002 // The title of the May 14th article concerning Standard & Poor’s removal of the Lloyd’s market from CreditWatch incorrectly had a dash/minus symbol attached to the ‘A’ rating. This was an error...
May 14 2002 // Standard & Poor’s announced that it has removed the Lloyd’s insurance market from CreditWatch, where it was placed on Sept. 20, 2001, and has affirmed its single-‘A’ insurer financial strength...
May 13 2002 // Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall,...
May 13 2002 // A.M. Best Co. maintained the “A-” (Excellent) financial strength rating of the Lloyd’s market after the recent announcement of a 2001 loss of GBP 3.11 billion, on an annually accounted basis. To date,...
May 13 2002 // Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall,...
May 13 2002 // PMA Capital has decided to withdraw from the excess and surplus (E&S) lines marketplace served by its Caliber One business segment, even though PMA Capital shows strong growth and operating income for PMA Re and the...
May 10 2002 // Illinois Insurance Director Nat Shapo announced that the Cook County Circuit Court issued an Order of Liquidation against Western Specialty Insurance Company of Oak Brook, Ill., on May 6, following a determination by the...
May 10 2002 // John Mahoney was named president of Arizona-based KEMPES, the Kemper Insurance Cos.’ unit that underwrites specialty program business.In related moves, Dan Beaudette was named vice president of the Denver P&C...