Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Cigna HealthCare Settles Lawsuits
Dec 14 2004 // Cigna HealthCare has settled lawsuits brought on behalf of a nationwide class of specialty health care providers and certain state and national associations by promising, among other things, to establish an $11.55 million...
Aspen Specialty Insurance CEO Out
Dec 13 2004 // Aspen Insurance Holdings Ltd. on Monday announced that it has accepted the resignation of Peter Coghlan, president and CEO of Boston-based Aspen Specialty Insurance Company, a wholly-owned subsidiary. Coghlan resigned...
Singer to Lead CNA E&S
Dec 10 2004 // Chicago-based commercial insurer CNA Financial Corp. announced that Raye Singer has joined CNA insurance companies as vice president of CNA Excess & Surplus Lines. CNA E&S is written through Columbia Casualty...
Levene to Serve 2nd Term as Lloyd’s Chairman
Dec 8 2004 // Lloyd’s announced that Lord Peter Levene of Portsoken is to serve a second term as its Chairman. He became Lloyd’s 61st Chairman, for a minimum term of three years in November 2002, and has accepted an...
Prime Authorized to Write Surplus Lines in Washington
Dec 7 2004 // Sandy, Utah-based Prime Insurance Syndicate Inc. announced that it has received approval to write surplus lines insurance business in the state of Washington effective as of Nov. 1, 2004. Prime, which offers solutions for...
Partners Continue to Come and Go, But It’s a Great Time to Jump in the Game
Dec 6 2004 // Partners Continue to Come and Go, But It’s a Great Time to Jump in the Game Program business over the past 10-15 years has been a rocky road for the insurance industry. Companies are in the game today, but gone...
Surplus Lines Liability Products
Dec 6 2004 // Nuts & Bolts: Noodle Specialty Brokers (NSB) has made available surplus lines liability products from a nonadmitted carrier rated “A+ XV.” The products are available via appointed wholesalers in 17 states...
S.D. Court Rules on When Umbrella Kicks in as Excess Coverage
Dec 6 2004 // Deciding an issue never settled before in South Dakota, the state Supreme Court said that secondary, umbrella insurance does not kick in until another insurer’s primary coverage has paid its full limit. The unanimous...
Surplus Lines Liability Products
Dec 6 2004 // Nuts & Bolts: Noodle Specialty Brokers (NSB) has made available surplus lines liability products from a nonadmitted carrier rated “A+ XV.” Wholesalers offer the products in 17 states and the District of...
Friends + Cars = Specialty Market Success
Dec 6 2004 // Steve Marlin is in the driver’s seat of the collector-car market in Long Island. In 1999, the Deer Park, N.Y., agent (whose passion for cars led him to the presidency of the local Corvette collectors’ club)...
Surplus Lines Liability Products
Dec 6 2004 // Nuts & Bolts: Noodle Specialty Brokers (NSB) has made available surplus lines liability products from a nonadmitted carrier rated “A+ XV.” The products are available via appointed wholesalers in 17 states...
Friends + Cars = Specialty Market Success
Dec 6 2004 // Steve Marlin is in the driver’s seat of the collector-car market in Long Island. In 1999, the Deer Park, N.Y., agent, whose passion for cars led him to the presidency of the local Corvette collectors’ club,...
FOCUS ON THE FUTURE: Come 2014, Industry Should Look Very Familiar
Dec 6 2004 // Ten years from now, some of the players within the property casualty insurance industry will have changed but the industry itself will not look dramatically different from what it is today: Smaller companies and...
AAMGA Offers Feedback on Proposed Broker Disclosure Amendment to Producer Licensing Model Act
Dec 3 2004 // The National Association of Insurance Commissioners (NAIC) recently issued a draft Proposed Broker Discloser Amendment to the Producer Licensing Model Act, and requested industry and public comment before commencing...
Best Affirms Lloyd’s Syndicate 570 ‘A’ Ratings
Dec 1 2004 // A.M. Best Co. announced that it has affirmed the Best’s Syndicate Rating of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 570, which is managed by Atrium...
Best Affirms Lloyd’s Syndicate 609 ‘A’ Ratings
Dec 1 2004 // A.M. Best Co. announced that it has affirmed the Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 609, which is managed by Atrium Underwriters...
Pa. Gov. Rendell Signs Bills on Crop Insurance, Insurance Company Surplus Rules
Dec 1 2004 // Pennsylvania Governor Edward G. Rendell has signed into law several bills affecting the insurance industry, including one on crop insurance awareness and another on insurance company surplus contributions. Senate Bill 912,...
AIG Specialty WC Expands Web site Capabilities
Nov 29 2004 // AIG Specialty Workers’ Compensation, a division of the property and casualty insurance subsidiaries of American International Group, Inc. (AIG), announced the expansion of its “Partners in Productivity”...
Wellington Completes Acquisition of AXA’s U.S. Surplus and Excess Units; Best Assigns ‘A-‘ Rating
Nov 26 2004 // The U.K.’s Wellington Underwriting plc. announced that it has completed the purchase of AXA Corporate Solutions Excess and Surplus Lines Insurance Company, first announced on June 25, 2004. The bulletin noted that...
Best Affirms Lloyd’s Syndicate 2001 ‘A’ Ratings
Nov 24 2004 // A.M. Best Co. announced that it has affirmed its “A” (Excellent) Syndicate Rating and the issuer credit rating of “a+” of Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Limited...
