Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Specialty Marine Products
Feb 23 2004 // Nuts & Bolts: Essex Insurance Company, a division of Markel Group, is offering a new market for specialty marine products, especially hard to place risks. Dollars: Deductibles of $1,000. Minimum premium, $500; policy...
Manning Riddell Sued 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...
Brooke Subsidiary Introduces Auto Insurance Specialty
Feb 19 2004 // Shawn Lowry, president of Overland Park, Kan.-based Brooke Corp.’s franchise subsidiary, announced the introduction of a Brooke franchise for insurance agents that specialize in the sale of automobile...
CenCal Expands Commercial and Specialty Products Division with New Commercial Products
Feb 19 2004 // Danville, Calif.-based CenCal Insurance Services announced further expansion of its Commercial and Specialty Products Division by introducing a new commercial products approach that provides real opportunity for writing...
GE Commercial Enlarges E&S Capacity
Feb 11 2004 // Overland Park, Kan.-based GE Commercial Insurance, a division of GE’s Employers Reinsurance Corp. (ERC), announced it has increased its capacity to write umbrella and follow form excess coverage underwritten by the...
Kinnect Processes First ‘Open Market’ Risk
Feb 11 2004 // Lloyd’s announced that its Kinnect data transmission platform has just handled its first “open market” risk placement – a “complex open market risk” placed by Willis with Amlin last...
Manning Riddell Named Defendant in Lawsuit
Feb 9 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). See the Jan. 24 and Jan. 26 stories on...
Specialty Marine and Pleasure Craft
Feb 9 2004 // Nuts & Bolts: Chubb/Axiom is offering 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 Company, rated...
Mark Your Calendars: 2004 National Conventions
Feb 9 2004 // Staying up-to-date on the latest national insurance news, trends and industry products is what puts today’s top agents and brokers in a league of their own. National conventions and seminars offer valuable...
Automated Filing System Saves Time for Surplus Lines Brokers
Feb 6 2004 // Surplus lines brokers in California now have the opportunity to ensure timely and accurate payment of surplus line taxes without needing to reconcile data and prepare reports. Los Angeles-based E.L.M. Insurance Brokers...
Chubb Reports Q4 Net Income of $72.3 Million
Feb 5 2004 // The Chubb Corporation reported that net income in the fourth quarter of 2003 was $72.3 million or $0.38 per share, compared to net income of $56.6 million or $0.33 per share in the fourth quarter of 2002. Operating income,...
Argonaut Reports Underwriting Profit for Q4 2003
Feb 5 2004 // San Antonio-based Argonaut Group Inc. announced financial results for the three months and full year ended Dec. 31, 2003. Highlights for the 2003 fourth quarter and full year include the following: · Argonaut...
“2004 Will Be the Real Test” Lord Levene Tells Insurers
Feb 4 2004 // Lloyd’s Chairman Lord Peter Levene does not mince words. So, while he reflected on 2003 as a relatively benign, and for Lloyd’s a very profitable, year, his audience at a meeting of the City Forum in London sat...
British MEP Wants EU Court to Examine Lloyd’s case
Feb 2 2004 // Roy Perry, a British Conservative member of the European Parliament, has called for an investigation by the European Court of Justice, the EU’s highest court, of the accusations against Lloyd’s and the U.K....
Andrew Moss to Leave Lloyd’s for Aviva
Jan 30 2004 // Aviva Plc appears to have successfully headhunted Andrew Moss, currently the top financial officer at Lloyd’s. The U.K.’s largest insurer announced yesterday that Moss, 45, is expected to join Aviva as its new...
Best Assigns ‘A-‘ Rating to Quanta U.S. Operations
Jan 29 2004 // A.M. Best Co. announced that it has assigned initial financial strength ratings of “A-” (Excellent) to Quanta Specialty Lines Insurance Company of Indianapolis, Ind. and Quanta Indemnity Company of Denver,...
Lloyd’s Partners with London Police
Jan 29 2004 // “East London Bobbies will be experiencing the world of brief cases and pin-striped suits as part of a new mentoring scheme,” said a bulletin from Lloyd’s. Senior police officers from Tower Hamlets will...
Lloyd’s Expands Licensing Agreement with ISO for Underwriting and Claims Products
Jan 29 2004 // Lloyd’s has renewed its licensing agreement with Insurance Services Office, Inc. (ISO), which reportedly significantly expands the range of underwriting and claims products and services it can use in the U.S....
Best Withdraws Danish Re Lloyd’s Syndicate Ratings
Jan 27 2004 // A.M. Best Co. announced that it has withdrawn the Best’s Syndicate Rating of “A-” (Excellent) of Lloyd’s Syndicate 1400, which is managed by Danish Re Syndicates Ltd., and assigned it an NR-4...
