All the headlines from our Excess Surplus Topic Page, ordered by recency.
Oct 22 2001 // The state of Missouri awarded Fort Worth-based State National Specialty Insurance Company a certificate of authority for writing multiple lines of insurance. The authorization allows State National Specialty to write...
Oct 18 2001 // Lloyd’s Names were warned that they would receive cash calls in the next few days from the syndicates in which they participate asking for additional deposits averaging between £42,000 and £50,000...
Oct 16 2001 // The National Association of Insurance Commissioners intends to conduct an in depth audit of Lloyd’s financial condition following the attacks on the World Trade Center. The investigation will focus on Lloyd’s...
Oct 16 2001 // Aon Corporation will expand its underwriting operations to include direct property and casualty insurance and reinsurance policies, the company announced on Oct. 12. This coverage will be provided in addition to existing...
Oct 11 2001 // Moody’s Investors Service downgraded the performance rating of Alleghany Underwriting Ltd.’s Lloyd’s Syndicate 376 form “B-Average” to “C+-Below Average” and kept it under review...
Oct 11 2001 // The state of Missouri awarded State National Specialty Insurance Company a certificate of authority for writing multiple lines of insurance. This authorization allows State National Specialty to write casualty, marine and...
Oct 11 2001 // American Modern Insurance Group and the American Express Property Casualty companies announced a partnership which adds manufactured home, motor home, travel trailer, and nonstandard specialty homeowner products to...
Oct 10 2001 // The state of Missouri awarded State National Specialty Insurance Company a certificate of authority for writing multiple lines of insurance. This authorization allows State National Specialty to write casualty, marine and...
Oct 9 2001 // 220 of the “Names” involved in litigation against Lloyd’s, known generally as the “Jaffray Case,” were given leave to appeal last November’s lower court judgment by Mr. Justice Cresswell...
Oct 8 2001 // Wellington Underwriting, a leading operator of a number of Lloyd’s Syndicates, announced that its losses from the September 11 attacks on the U.S. would be around £50 million ($73.5 million), substantially more...
Oct 8 2001 // Lloyd’s of London, the world’s oldest and most visible insurer, finally released its projected loss figures from the disastrous events of Sept. 11. According to the calculations from over 100 syndicates, net...
Oct 8 2001 // If the nautical term best applied to the reinsurance industry last year at this time would have been “steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve...
Oct 3 2001 // Lloyd’s has received a barrage of questions on its total exposures and its liquidity following the release of its projected net loss figure of $1.94 billion as a result of the attacks on the U.S. (See IJ Website...
Oct 1 2001 // Lloyd’s announced Friday that, in order to build up its Central Fund, it was increasing the monthly levy paid by all 108 syndicates to the Corporation of Lloyd’s from 1.1 percent to 2 percent of monthly...
Oct 1 2001 // Alleghany Insurance Holding LLC’s parent company announced that it estimated its subsidiary would have losses of around $112 million net of reinsurance from the Sept. 11 attacks in the U.S. AIH, previously known as...
Sep 30 2001 // John Latham will step aside as National Association of Professional Surplus Lines Offices (NAPSLO) president later this month making room for Tap Johnson, Jr. Before his exit, he agreed to spend a few minutes with...
Sep 30 2001 // Tapley O. Johnson, Jr., incoming president of the National Association of Professional Surplus Lines Offices (NAPSLO) and chairman of the annual convention, expects some 2,200 attendees at the 27th Annual Convention in San...
Sep 30 2001 // When John Latham steps down as president of the National Association of Professional Surplus Lines Offices (NAPSLO) in San Antonio later this month, Tapley O. Johnson, Jr., will take on the office as incoming president and...
Sep 27 2001 // Lloyd’s of London said Tuesday that it had completed a review of the potential loss liabilities from more than 100 of its 108 active underwriting syndicates and estimated that its overall net exposure from the...
Sep 26 2001 // American Modern Insurance Group, a wholly owned subsidiary of The Midland Company and a provider of manufactured housing specialty insurance products and services, has ceased offering commercial liability products for...