All the headlines from our Excess Surplus Topic Page, ordered by recency.
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,...
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Aug 4 2000 // The license of non-marine syndicate 529 has been revoked by the Lloyd’s Regulatory Board.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...