All the headlines from our Excess Surplus Topic Page, ordered by recency.
Oct 2 2000 // CNA E&S, a business division of CNA, has aligned with ICSA.net, an Internet security assurance business, and broker Sherwood Insurance Services. Through their alliance CNA E&S, Sherwood and ICSA.net will promote...
Oct 2 2000 // The “A+” insurer financial strength rating (FSR) on U.K.-based Lloyd’s insurance market was affirmed by Standard & Poor’s (S&P), which indicated that, despite poor results currently...
Oct 2 2000 // Credit General Insurance Company and Credit General Indemnity Company are back on track after a brief period in which the companies stopped writing new business.Henry C. Sibley, vice president of underwriting, sent a...
Oct 2 2000 // “There are leaders all over this room—it doesn’t just have to be in politics, because your business requires great leadership,” Former Senator Robert Dole told NAPSLO attendees. “And I think that...
Sep 29 2000 // Hiscox Plc, which does business independently and in the Lloyd’s market as syndicate 33, saw 1st half profits drop to £100,000 ($146,000) from £1.4 million ($2.04 million) in the same period last year as a result...
Sep 25 2000 // ISO, NAII Report First-Half Net Income for Insurers Plunged; Fitch Adopts Negative P/C OutlookIt hasn’t gone to hell in a handbasket yet, but the outlook for the property and casualty industry is far from good. On...
Sep 25 2000 // A report in the Times of London indicates that the joint Lloyd’s/ IUA (International Underwriting Association) Forum, set up last year to explore ways of harmonizing procedures between the two groups and making the...
Sep 22 2000 // For Credit General, the arrangement provides access to additional surplus upon which to write new business, as well as the security of AmTrust’s surplus. Credit General has resumed writing new business, which it...
Sep 19 2000 // Despite expected losses from 1997 through this year, Standard & Poor’s reaffirmed the Lloyd’s insurance market’s A+ insurer financial strength rating.S&P cited Lloyd’s “very strong...
Sep 14 2000 // The property/casualty insurance industry reported a statutory rate of return of 5.6 percent (on an annualized basis) during the first half of 2000, down from 8.2 percent during the first half of 1999 and 6.6 percent for...
Sep 14 2000 // The U.S. property/casualty industry’s net income after taxes dropped to $10 billion in this year’s first half, down 32.5 percent from $14.9 billion a year ago. The industry’s surplus fell $7.6 billion, or...
Sep 13 2000 // The Hartford Financial Services Group has completed the purchase of the financial products and excess and surplus lines from Reliance Group Holdings. The acquisition, first announced June 19, has cleared all regulatory...
Sep 12 2000 // Tripwire Inc. a leading U.S. provider of “integrity assessment security solutions,” headquartered in Portland, has joined with Lloyd’s HAW Syndicate “to include Tripwire software as a recommended...
Sep 4 2000 // Lloyd’s announced that it has revised one of the best known documents in the maritime world – The Lloyd’s Open Form. Designed to speed rescue and salvage operations for ships in distress, the document...
Sep 4 2000 // Lloyd’s is adapting to modern business methods and upgrading its business systems so rapidly that it promises to meet, if not surpass, the vision that Chairman Max Taylor first set out in “Priorities for...
Sep 4 2000 // Average pretax profit and net retained revenues for MGAs and brokers increased in 1999, according to the results of the Income & Expense Survey recently completed for the National Association of Professional Surplus...
Sep 4 2000 // Both Timothy M. Pedersen, outgoing president of the National Association of Professional Surplus Lines Offices Ltd. (NAPSLO), and John Latham, incoming president, are passionate about their dedication to the wholesale...
Sep 4 2000 // They’re scrutinized by regulators. They’re under the gun from companies trying to figure out ways to go around them. They face fierce competition in a buyer’s market. They see companies appointing agents...
Sep 4 2000 // While the initial furor created by the advent of dot-coms cools down, many insurance professionals are re-evaluating their business relationships with the Web. At a time when agents and brokers may question the benefit of...
Sep 4 2000 // NAPSLO 2000 is all about business“NAPSLO is always intense. Everybody there is trying to make sure that they get as much done in the short period of time as they possibly can.” Anyone who has had the...