All the headlines from our Excess Surplus Topic Page, ordered by recency.
Apr 18 2002 // Following the initial portion of a review of the market, U.S. regulators have given Lloyd’s of London approval on the company’s estimate of $8 billion for gross claims in the Sept. 11 destruction of the World...
Apr 17 2002 // The Professional Insurance Agents of New Jersey has commended the New Jersey Department of Banking and Insurance (DOBI) for proposing standards and procedures for surplus lines insurance procurement. In a letter sent last...
Apr 17 2002 // Fitch Ratings has downgraded the Insurer Financial Strength ratings of the Kemper Insurance Companies (KIC) from ‘A-‘ to ‘BBB’. Additionally, Fitch has downgraded the surplus notes rating of...
Apr 17 2002 // Argonaut Group, Inc. announced that it has reached an agreement with SCOR Group to acquire the renewal rights and certain other assets of SCOR subsidiary Fulcrum Insurance Company, an excess and surplus lines’...
Apr 15 2002 // Whoopee ti yi yo, git along little dogies It’s your misfortune, and none of my own.Whoopee ti yi yo, git along little dogies, For you know Wyoming will be your new home. That trail song, used by historian Walter...
Apr 15 2002 // Whoopee ti yi yo, git along little dogies It’s your misfortune, and none of my own.Whoopee ti yi yo, git along little dogies, For you know Wyoming will be your new home. That trail song, used by historian Walter...
Apr 12 2002 // The Australian government has joined the U.S., the European Union and other countries in extending excess coverage for terrorist and war risk to the country’s airline industry and related infrastructure. The...
Apr 11 2002 // Lloyd’s decision to begin reporting the profits and losses of its syndicates on an annual basis, rather than over three years, produced some costly results, with last year’s losses estimated at £3.11...
Apr 3 2002 // In a recent discussion of the state of the p/c insurance and reinsurance market Kenneth J. LeStrange, Chairman, CEO and President of Bermuda-based Endurance Specialty Insurance, Ltd. saw continuing challenges, but also...
Apr 1 2002 // London’s Financial Times carries a report that Lloyd’s underwriter Kiln has written policies insuring an unidentified “multinational pharmaceutical group” against challenges to some of its...
Mar 29 2002 // Lloyd’s of London announced that it has completed the transfer of over $5 billion to its trust funds in the United States since September 2001, and has fulfilled the arrangement made with the National Association of...
Mar 28 2002 // A report by Moody’s Investors Service discusses the long term effects of the dwindling number of Lloyd’s syndicates, and concludes that, although the trend marks a decline in Lloyd’s market share, it will...
Mar 26 2002 // Newly formed Bermuda insurer AXIS Specialty Limited announced that that its US subsidiary, AXIS Specialty U.S. Holdings, Inc., has entered into agreements to purchase the Royal & SunAlliance Personal Insurance Company...
Mar 22 2002 // Hit heavily by the Sept. 11 attacks, with estimated losses from the events now reaching £125 million ($178 million), Cox insurance, which writes both retail coverage and participates in the Lloyd’s market,...
Mar 18 2002 // Insurance Services Office, Inc.’s (ISO) Engineering and Safety Service (E&STM) unit is offering a new, self-directed ‘distance learning’ program for loss control and safety professionals to study and...
Mar 11 2002 // After the record losses from the WTC attacks, two cash calls, a buffeting by the rating agencies, a proposed reorganization of its basic financial structure and an audit by the National Assoc-iation of Ins-urance...
Mar 11 2002 // Elton John’s “I’m Still Standing” could become Lloyd’s theme song—it’s a better fit than “Candle in the Wind.” After the record losses from the WTC attacks, two cash calls,...
Mar 11 2002 // If anyone needs proof that the Internet is no longer a curiosity, the reinsurance industry is a good place to start looking. Reinsurance companies aren’t generally known for the rapidity with which they adopt...
Mar 11 2002 // S&P announced that its “A” insurer financial strength rating on the Lloyd’s insurance market will remain on CreditWatch with negative implications, but expects the placement to be resolved by the end...
Mar 11 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) held its mid-year meeting Feb. 24-27 in San Antonio, Texas—the largest such meeting in the history of the association.Originally scheduled for last...