Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
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...
