All the headlines from our Excess Surplus Topic Page, ordered by recency.
May 29 2000 // Attendees at this year’s Association of Managing General Agents (AAMGA) Annual Meeting in Orlando were treated to four days full of networking and educational opportunities-not to mention illuminating speakers and...
May 29 2000 // For the past two months, Lloyd’s has been presenting evidence in the Jaffray case before Mr. Justice Cresswell in London, defending itself against allegations of fraud made by more than 200 “Names” (IJ...
May 25 2000 // Last October Lloyd’s produced a working document entitled “Developing Broker Relationships,” which proposed sweeping changes in the accreditation and regulation of Lloyd’s brokers.Now the results of...
May 24 2000 // Following negative reaction from family members and local authorities, Lloyd’s reversed its decision to explore the site of the 1998 Swissair crash off Nova Scotia. In a brief announcement Lloyd’s apologized...
May 22 2000 // Lloyd’s of London has obtained permission from the Canadian government to search the seabed at the site of the Swissair MD-11 that crashed off the coast of Nova Scotia in September 1998, killing all 229 people...
May 19 2000 // Not all Lloyd’s underwriters are losing money. Amlin Plc, reporting on an annual basis for the first time, posted a 1999 pre-tax profit of £18.3 million ($27 million). Amlin owns 57.8 percent of three Lloyd’s...
May 18 2000 // Lloyd’s has announced publication of “Statistics Relating to Lloyd’s 1999”, compiled and produced by its Market Reporting & Solvency Department. The guide “provides information on...
May 15 2000 // Insurers have been inundated by a flood of e-commerce initiatives and cataclysmic scenarios about the transformation which technology is set to bestow (or impose) on the industry.The reality becomes clearer every day....
May 12 2000 // David Gilchrist, Chairman of Lloyd’s vehicle Kiln Plc, which owns 46 percent of four Lloyd’s syndicates, told Reuters News Agency that despite 1999 losses of £6.7 million ($10.4 million) he “expects to...
May 11 2000 // Keith Rayment, an expert witness called by Lloyd’s to testify on its behalf, strongly disagreed with one of the key allegations made by Names in the ongoing Jaffray case in London – that Lloyd’s concealed...
May 11 2000 // According to figures released by the Surplus Line Association of Arizona, written surplus line premium volume in the state totaled $106.9 million in 1999, compared with $90.2 million in 1998–an increase of 18.5...
May 2 2000 // The losses at Lloyd’s, actual and projected, were not deemed serious enough, as yet, to warrant any change in Lloyd’s A (Excellent) rating by A.M. Best. It affirmed Lloyd’s capital strength, based on the...
May 1 2000 // It was the eve of a major trade association event, the annual convention of the American Association of Managing General Agents.AAMGA Outgoing President James A. Roe, president of Arlington/Roe &Co. Inc. in...
May 1 2000 // Follow Your Dreams” will be the theme at the 74th annual meeting of the American Association of Managing General Agents (AAMGA) to be held at the Hyatt Regency Grand Cypress in Orlando, Fla. from May 7-11,...
Apr 28 2000 // Just months after its launch last January, the Market Wordings Data Base (MWD) has begun to fulfill its role in unifying and modernizing the London insurance market. MWD provides a database with more than 8,000 entries...
Apr 24 2000 // The accusations are fierce, the stories heart-wrenching. Lost homes, marriages, fortunes and even lives are piling up on the doorstep of Lloyd’s of London, which has been accused for years of not disclosing potential...
Apr 6 2000 // Duff and Phelps Credit Rating Co. (DCR) announced that it is modifying the A+ claims paying ability rating of the Lloyd’s market from “Stable” to “Developing.”“The change in Outlook...
Mar 30 2000 // Editor’s Note: This article was written by Standard & Poor’s analyst Darin Feldman, and is printed with permission.In its 1998 annual report “Survival of the Fittest,” Superior National...
Feb 10 2000 // With a heavy emphasis on growing e-commerce business, Chairman Max Taylor announced the publication of Lloyd’s new business plan, “Priorities for Growth 2000-2003,” calling it a “Manifesto for the...
Feb 8 2000 // As part of its ongoing modernization, Lloyd’s just produced the first issue of ARTwork, a quarterly journal designed to explore the technical, regulatory complexities of the Alternative Risk Transfer...