All the headlines from our Excess Surplus Topic Page, ordered by recency.
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,...
Aug 4 2000 // The license of non-marine syndicate 529 has been revoked by the Lloyd’s Regulatory Board. The action prohibits the syndicate’s managing agency, Sterling Underwriting Agencies Ltd., from underwriting or renewing...
Aug 3 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 ball club took out on the contract of pitcher Randy...
Jul 27 2000 // Lloyd’s Chairman Max Taylor will leave the company in December due to changes enacted by the council, which will revert the position to part time beginning next year. The chairman’s role moved to full time in...
Jul 24 2000 // By mixing education with entertainment, Western States Surplus Line Conference (WSSLC) Two Thousand is sure to provide an ideal specialized forum for the surplus line industry. The Surplus Line Association of Idaho is...
Jul 24 2000 // The British High Court heard closing statements on July 12 in the case of Lloyd’s vs. Jaffray, in which more than 200 Names claimed they were defrauded by Lloyd’s. The Names are a portion of the group that...
Jul 20 2000 // The Surplus Line Association of California (SLA) reported that during the first six month of 2000, it had processed $812,9953,889, a figure representing an almost 1.2 percent decrease from the $822,740,064 processed during...
Jul 19 2000 // Charles Taylor Group has acquired the business of Lloyd’s Aviation, the second largest of its kind in the London market with 30 percent of business volumes for $3.89 million. The deal is a further step in the...
Jul 18 2000 // Kemper Casualty Company has launched an excess property insurance facility providing up to $50 million in capacity to domestic and U.S.-based multi-national, energy, industrial and commercial large risk customers. The...
Jul 13 2000 // The British High Court heard closing statements Wednesday in the case of Lloyd’s vs. Jaffray, in which over 200 Names claimed they were defrauded by Lloyd’s. The Names are a portion of the group that refused to...
Jul 10 2000 // Lloyd’s of London will soon offer up to $100 million in hacker insurance coverage to clients of Counterpane Security Inc., a computer security management firm based in San Jose, Calif. The coverage will be...
Jul 10 2000 // 2001 Legislative session to bring changes to agent licencingIn an effort to comply with the uniformity and reciprocity requirements of financial services reform, the Texas Department of Insurance will likely soon change...
Jul 6 2000 // The new standards that brokers from the United Kingdom and overseas will have to meet in order to trade on the Lloyd’s of London insurance market will be announced in October. The date for the announcement has been...
Jul 4 2000 // According to published reports U.K. based Advent Capital (Holdings) Plc, whose subsidiaries manage a number of Lloyd’s syndicates, has agreed with Canada’s Fairfax Financial Holdings Ltd. to acquire...
Jul 3 2000 // Nick Prettejohn, Lloyd’s Chief Executive, speaking at the annual conference of the Association of Lloyd’s Members, revealed that they are studying the feasibility of producing one-year accounts along with the...
Jun 28 2000 // Zurich E&S Insurance Brokerage Inc. replaced Glendale Specialty Risk Insurance Services Inc. as its wholesale surplus lines brokerage facility in California. The change went into effect on June 15. The office will...
Jun 26 2000 // iwix.net, an Internet specialty insurance marketplace, has announced partnerships with five major Managing General Agencies (MGAs), who will be offering specialty products on the site.RA&MCO (representing Great...
Jun 26 2000 // In any service industry, speed in responding to customer requests, customer satisfaction with performance (both in the short run and in the long), and accuracy in statements made are all terribly important. The three are...
Jun 26 2000 // After processing a record $1,524,697,215 in premiums during 1999, the Surplus Line Association of California (SLA) continued to post an increase in premium volume through May of 2000.The overall numbers imply that the SLA...
Jun 26 2000 // The U.S. property/casualty industry’s net income after taxes dropped 35.4 percent to $5.8 billion in first-quarter 2000, down from $9 billion in first-quarter 1999, according to Insurance Services Office Inc. (ISO)...