Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
A.M. Best Affirms ‘A’ Excellent Rating for Lloyd’s
Jul 27 2005 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of ‘a’ of Lloyd’s of London. At the same time, A.M. Best has affirmed the ‘a-‘ ICR of the...
Crane Co. Settles Asbestos Claims with Lloyd’s Reinsurer Equitas for $33 Million
Jul 25 2005 // Crane Co., a Stamford, Conn. manufacturer of engineered industrial products, has agreed to settle its insurance coverage claims for asbestos and other liabilities against underwriters at Lloyd’s of London reinsured...
Laine, Macias Promoted at Trinity E&S
Jul 25 2005 // Bermuda Dunes, Calif.-based Trinity E&S Insurance Services has promoted Osmo Laine to vice president of all brokerage operations and director of newly formed Small Business Unit. Laine formerly served as assistant...
Prime Receives A.M. Best’s Rating of “B” With a Stable Outlook
Jul 20 2005 // Sandy, Utah-based Prime Holdings Insurance Services Inc. announced that its property and casualty insurance subsidiary, The Prime Insurance Syndicate Inc. (“Prime”), was notified that as of July 15, 2005, Prime...
Polito Joins Crump E&S
Jul 20 2005 // Vince Polito has been hired as a property broker at Crump E&S of California Insurance Services. He specializes in underwriting and brokerage with an emphasis on property lines. From 1993-2005, Polito served in several...
Prime Receives A.M. Best’s Rating of “B” With a Stable Outlook
Jul 19 2005 // SANDY, Utah (July 19, 2005) – Prime Holdings Insurance Services, Inc. announced today that its property and casualty insurance subsidiary, The Prime Insurance Syndicate, Inc. (“Prime”), was notified that...
Working With Your E&S Wholesaler: Be Nice … You’ll Need Them Again!
Jul 18 2005 // The surplus-lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a temporary prosperity to the industry. The so-called “standard”...
By George Rothert
Jul 18 2005 // Working With E&S Wholesalers: Be Nice You’ll Need Them Again! The surplus lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a...
By George Rothert
Jul 18 2005 // Working With Your E&S Wholesaler: Be Nice You’ll Need Them Again! The surplus lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a...
An Insurer’s Right to Reimbursement: Frank’s Casing
Jul 18 2005 // Insurers have long sought the right of reimbursement in Texas and, in the right circumstances, the court’s opinion will provide a valuable tool. The most significant Texas insurance case this year is the Texas...
War of the Worlds: Treasury Sees TRIA as More Hindrance Than Help
Jul 18 2005 // Asked what the world would be like if there were no federal terrorism insurance backstop, the Treasury Department simply shrugged. The loss of the current federal backstop, the Terrorism Risk Insurance Act, which expires...
How to Use Alternative Markets
Jul 18 2005 // The “hard market” conditions have been gone now for a couple of years. So, usually during “soft market” conditions one expects a lot of competition from the standard markets. This, however, is not...
Working With E&S Wholesalers: Be Nice … You’ll Need Them Again!
Jul 18 2005 // The surplus lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a temporary prosperity to the industry. The so-called “standard”...
The Industry Goes to School: Universities That Offer Insurance Degrees
Jul 18 2005 // Twenty years ago, it was nearly impossible to find colleges and universities offering degrees in insurance. Now there are many programs across the nation that offer bachelor’s degrees, concentrations, certifications...
How to Use Alternative Markets
Jul 18 2005 // The “hard market” conditions have been gone now for a couple of years. So, usually during “soft market” conditions one expects a lot of competition from the standard markets. This, however, is not...
War of the Worlds: Treasury Sees TRIA as More Hindrance Than Help
Jul 18 2005 // Bush Administration Policy Questions Need for Renewal of Federal Backstop Asked what the world would be like if there were no federal terrorism insurance backstop, the Treasury Department simply shrugged. The loss of the...
An Insurer’s Right to Reimbursement: Frank’s Casing
Jul 18 2005 // The most significant Texas insurance case this year is the Texas Supreme Court’s recent opinion in Excess Underwriters at Lloyds, et al v. Frank’s Casing Crew & Rental Tools, Inc., No. 02-0730 (Tex., May...
Working With Your E&S Wholesaler: Be Nice … You’ll Need Them Again!
Jul 18 2005 // The surplus lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a temporary prosperity to the industry. The so-called “standard”...
Carney Operators Conned: Ky. Warns of Bogus Llyod’s Policies
Jul 15 2005 // Carnival and circus owners and others involved in the amusement industry are being warned to verify the status of insurance coverage, according to the Kentucky Department of Agriculture and the Kentucky Office of...
Beazley’s New U.S. Insurance Company Earns Best’s Rating of A-
Jul 14 2005 // A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Beazley Insurance Company, Inc. (BICI) (Omaha, NE), a newly formed U.S. insurer that is part of...
