All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Sep 4 2000 // Is the way you use the surplus line market changing? Has the Internet drastically influenced the way you conduct your business, or do the traditional methods still hold water? Let us know how you intend to use the surplus...
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...
Aug 31 2000 // American Modern Insurance Group, a wholly owned specialty insurance subsidiary of The Midland Company, and GuideOne Specialty Mutual Insurance Company of West Des Moines, Iowa, announced their intent to enter into a...
Aug 24 2000 // Moody’s Investors Service awarded Syndicate 2488, managed by ACE Global Markets, a Financial Strength Rating (FSR) of Aa2 (Excellent). This marks the first time that a Lloyd’s syndicate has been rated and...
Aug 22 2000 // Moody’s Investors Service issued a new statement on Monday which forecast increased losses at Lloyd’s of as much as £3 billion ($4.5 billion) for the last three years.Moody’s previous loss estimates,...
Aug 21 2000 // The National Association of Professional Surplus Lines Offices (NAPSLO) is geared up for its 26th annual convention, to be held Sept. 13-17 at the Chicago Hilton & Towers Hotel. “The Winds of Change” is...
Aug 21 2000 // The San Diego Padres filed a lawsuit in U.S. District Court against Lloyd’s of London for the insurance consortium’s alleged refusal to pay on a policy the baseball club took out on the contract of pitcher...
Aug 10 2000 // A new report by Standard and Poor’s says the expansion of London-based insurance business is mostly taking place at Lloyd’s of London.The report, Insurance Market Profiles, says that, although the London market...
Aug 7 2000 // Max Taylor, the current chairman of Lloyd’s, will be leaving the position he has held for the past three years when his term is up in December 2000.The Council of Lloyd’s also announced that starting in 2001,...