Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
United National Settles B of A Suit; Confirms David Bradley’s Appointment as CEO
Jan 23 2004 // United National Group, Ltd., a specialty insurer, headquartered in the Cayman Islands, announced that its subsidiary, Diamond State Insurance Company, has entered into a settlement with Bank of America and Platinum...
Lloyd’s Announces Council Election Results
Jan 21 2004 // Lloyd’s announced the election of five members to its governing council, the body that has ultimate responsibility for directing and controlling the Lloyd’s market. All the appointments are for a term of three...
Toby Davies New Head of Lloyd’s Kinnect
Jan 20 2004 // Lloyd’s announced that Ashok Gupta, the current CEO of Kinnect, Lloyd’s IT interface solution to transfer data from systems used by brokers to those used by underwriters, is to leave the Lloyd’s...
IBA/SFV Recognizes Monarch E&S Insurance
Jan 19 2004 // The IBA/SFV chapter celebrated their company appreciation night by honoring Monarch E&S Insurance Services. Derek Ross, vice president of C.M. Meiers and president of the IBA/SFV chapter presented Derek Borisoff, CEO...
Steven Burns to Join Lloyd’s Franchise Board
Jan 16 2004 // Lloyd’s announced the appointment of Steven Burns, currently Chief Executive Officer of the Limit Group, as a non-executive member to its Franchise Board. He replaces Andrew Kendrick, who has moved to an overseas...
Lord Levene Stresses Lloyd’s Special Relationship with U.S.; 2004 Priorities
Jan 15 2004 // Speaking at a joint meeting of the Downtown Association and the Insurance Brokers Association of New York (IBANY)* yesterday, Lloyd’s Chairman, Lord Peter Levene, reminded his audience of the longstanding special...
CALIF. STAMPING OFFICE TURNS 65
Jan 12 2004 // Ted Pierce, executive director of the Surplus Line Association of California (SLA) announced that Dec. 1, 2003 marks the 65th anniversary of the organization’s stamping office. On this date in 1938, California...
Fitch Affirms AFG and Subs
Jan 7 2004 // Fitch Ratings has affirmed the ‘BBB+’ long-term issuer ratings of American Financial Group Inc. (AFG) and its subsidiaries American Premier Underwriters Inc. (APU) and Great American Financial Resources Inc....
Lloyd’s 2004 Capacity Nearly $27 Billion*
Jan 6 2004 // Lloyd’s CEO Nick Prettejohn announced that the market will have the capacity to underwrite £14.9 billion ($26.91 billion*) of business in 2004, equal to Lloyd’s year-end 2003 capacity figure. He said the 2004...
NAPSLO Mid-Year Set for Scottsdale
Jan 2 2004 // The 2004 NAPSLO Mid-Year Educational Workshop is set for Feb. 5-8 at the Marriott Camelback Inn Resort in Scottsdale, Ariz. Workshop programs include an examination of Errors & Omissions coverage, a current review of...
Venture Programs Expands Preferred Club Program Through Alliance with ACE Westchester Specialty Group
Dec 30 2003 // Venture Programs (www.ventureprograms.com), a provider in the design and underwriting of select industry-focused insurance packages, announced a program alliance with ACE Westchester Specialty Group, part of the ACE Group...
W.R. Berkley Corp., Operating Companies Ratings Affirmed; Outlook Negative
Dec 29 2003 // Standard & Poor’s affirmed its ‘BBB+’ counterparty credit rating on W. R. Berkley Corp. At the same time, Standard & Poor’s affirmed its ‘A+’ counterparty credit and financial...
Securities Firms Form ‘Excess SIPC’ Protection Insurer; S&P Assigns ‘A+’ Rating
Dec 23 2003 // 14 securities firms announced that they have formed the Customer Asset Protection Company (CAPCO). The captive insurer, licensed in New York, will provide excess securities account protection (“Excess SIPC”)...
International E&S Brokers Offers New Market for Apartment Facilities
Dec 23 2003 // International E&S Insurance Brokers Inc. has announced the addition of a new apartment facility market available through their Irvine office. The facility is currently accepting risks in the state of California,...
P/C Industry’s Net Income Surges, But Slowing Premium Growth May Hamper Further Progress, Report Says
Dec 23 2003 // According to a report released by the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers, the U.S. property/casualty industry’s net income after taxes increased to $21.1 billion...
Best Affirms Ratings on Lloyd’s Syndicates 570, 609 and 382
Dec 19 2003 // A.M. Best Co. announced that it has affirmed the ‘A-‘ (Excellent) rating of Lloyd’s Syndicate 570 and the ‘A’ (Excellent) ratings of Syndicates 609 and 382. Syndicate 570 is managed by Atrium...
Amlin’s Lloyd’s Capacity to Remain at $1.75 Billion in 2004
Dec 18 2003 // British insurer Amlin Plc announced that regulatory underwriting capacity at its Lloyd’s Syndicate 2001 next year would remain the same as this year at £1billion ($1.75 billion). The insurer indicated the capacity...
PIA, Ga. Surplus Lines Assoc. Host Jan. Event
Dec 18 2003 // The Professional Insurance Agents of Georgia and the Georgia Surplus Lines Association’s will host the Annual Legislative Open House on Wednesday, Jan. 14, 5-7 p.m. The event is free and open to all Georgia insurance...
Pinnacol Assurance To Reach Division of Insurance Surplus Goal
Dec 18 2003 // Pinnacol Assurance, Colorado’s leading provider of workers’ compensation insurance, announced today the company is about to reach its long-term surplus goal — several years ahead of schedule. Pinnacol...
Willis Places First Risk through Lloyd’s Kinnect
Dec 17 2003 // Lloyd’s announced that Kinnect, its new electronic risk placement system, is up and running, as international broker Willis passed the first risk through it yesterday. The Kinnect platform, originally called the...
