Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Adding Value in the Workers’ Comp Market Through Technical Analysis
Mar 22 2004 // If insurance brokers want to add value and differentiate themselves from their competitors in this hardening workers’ compensation marketplace, they should pay attention to the intricacies of how experience...
Specialty Marine and Pleasure Craft
Mar 22 2004 // Nuts & Bolts: Trafalgar Marine Insurance Services Inc. is offering a new market for specialty marine and pleasure crafts. Dollars: Deductibles of $1,000. Minimum premiums of $2,500. Policy limits of $10...
Adding Value in the Workers’ Comp Market Through Technical Analysis
Mar 22 2004 // If insurance brokers want to add value and differentiate themselves from their competitors in this hardening workers’ compensation marketplace, they should pay attention to the intricacies of how experience...
Specialty Marine and Pleasure Craft
Mar 22 2004 // Nuts & Bolts: Trafalgar Marine Insurance Services Inc. announced it is offering a new market for specialty marine and pleasure crafts. Dollars: Deductibles of $1,000. Minimum premiums of $2,500. Policy limits of $10...
Specialty Marine Products
Mar 22 2004 // Nuts & Bolts: Trafalgar Marine Insurance Services Inc. is offering a new market for specialty marine products, especially hard to place risks. Dollars: Deductibles of $1,000. Minimum premiums of $500. Policy limits of...
A.M. Best Affirms Cincinnati Financial’s Subsidiaries
Mar 19 2004 // Oldwick, N.J.-based insurer ratings agency A.M. Best Co. has affirmed the financial strength ratings of the insurance subsidiaries of Cincinnati Financial Corp. The affirmations include “A++” (superior) for the...
Best Affirms Lloyd’s Syndicate 1414 ‘A+’ Rating
Mar 19 2004 // A.M. Best Co. announced that it has affirmed its “A+” (Superior) Syndicate Rating of Lloyd’s Syndicate 1414 with a stable outlook. “The rating reflects explicit support from American Home Assurance...
U.K. Budget Boosts Lloyd’s Names
Mar 18 2004 // Chancellor Gordon Brown’s 2004 U.K. budget proposals will help schools with extra cash and retired persons with tax breaks, but not civil servants, as the budget plans on cutting some 40,000 jobs. While the U.K. will...
Moody’s Downgrades Lloyd’s Syndicate 1007; Revises Syndicate 2147 Outlook to Stable
Mar 15 2004 // Moody’s Investors Service announced that it has downgraded the A1 Insurance Financial Strength Rating (IFSR) of Lloyd’s syndicate 1007, SVB Syndicates Limited, to A2 and assigned a stable outlook. It also...
Moody’s Issues Upbeat Report on Lloyd’s
Mar 12 2004 // Moody’s Investors Service’s latest forecasts for the Lloyd’s of London insurance market indicate that Lloyd’s could record profits totaling around £6 billion ($10.8 billion) for the 2002 to 2004...
Philip Lader to Join Council of Lloyd’s
Mar 10 2004 // Lloyd’s announced that Philip Lader, former U.S. Ambassador to the United Kingdom, is to join the Council at Lloyd’s, the ultimate governing body of the market. Lader served as U.S. Ambassador to the U.K. from...
Lloyd’s Honors Two U.S. Brokers
Mar 10 2004 // Lloyd’s announced that two U.S.-based brokers have been honored for their outstanding achievements in 2003. Gary Cooney of McGriff, Seibels & Williams was named US Surplus Lines Broker of the Year and John...
Ill. Lawmakers Considering Surplus Lines Bills
Mar 10 2004 // Bills dealing with the surplus lines market are up for consideration in the Illinois legislature this session. “We’re keeping a close eye on two surplus lines bills, one of which resembles a bill vetoed last...
The Hard Market’s Over … Right’
Mar 8 2004 // Although I’ve been around the specialty industry for more years than I care to reveal and now have seen multiple hard and soft markets, I’m confused. Why such confusion? After reading tea leaves, consulting the...
SLSOT Sees Slowing of Surplus Lines Rate Increases
Mar 8 2004 // The Surplus Lines Stamping Office of Texas was established in 1988 as a result of legislation drafted by a committee that included Texas Surplus Lines Association members, Texas Department of Insurance staff and other...
The Hard Market’s Over … Or Is It’
Mar 8 2004 // Although I’ve been around the specialty industry for more years than I care to reveal (this information is in poor taste, akin to discussing a woman’s age), and now have seen multiple hard and soft markets,...
The Hard Market’s Over … Or Is It’
Mar 8 2004 // Surplus lines company executives and wholesalers at NAPSLO responded uniformly with broad smiles when asked about their 2003 results. Although I’ve been around the specialty industry for more years than I care to...
Best Announces Rating Actions on Highmark
Mar 2 2004 // A.M. Best Co. announced that it has affirmed the majority of the financial strength ratings and a senior debt rating of Pittsburgh-based Highmark Inc.; however, Best said it had revised the rating outlooks to negative from...
Chicago MGU Sues Manning Riddell Over Bogus E&O Coverage
Feb 23 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000...
Specialty Marine and Pleasure Craft
Feb 23 2004 // Nuts & Bolts: Chubb/Axiom has a new market for specialty marine and pleasure crafts. Dollars: Deductibles of $1,000. Minimum premium, $2,500; policy limits, $10 million. Carrier: Chubb Insurance Co., rated...
