Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Terms of Credit History Use Still Being Negotiated
Jan 26 2004 // The Texas Department of Insurance held a public hearing Jan. 7, 2004 to consider a proposal that would cap the amount by which insurance companies could increase or decrease rates in personal lines insurance because of an...
Texas P/C and Lloyd’s Premium – 2002
Jan 26 2004 // The Texas Department of Insurance submitted its 128th Annual Report to the Texas Governor and Legislature in November 2003. The information provided in the tables below are taken from that report. The first shows premium...
Agribusiness and Specialty Equine Insurance
Jan 26 2004 // Nuts & Bolts: Allen Financial Insurance Group Inc. and The Equestrian Group are offering a market for agribusiness and specialty equine insurance. Dollars: Policy limit $4 million. Minimum premium is $500. Carrier:...
E&S Foresight and Good Management Ease Hard Market Pains
Jan 26 2004 // As you have no doubt heard by now, this hard market is not just longer; it is fundamentally different. It is by all reports the most moderate in memory, characterized by fewer and less dramatic disruptions of normal market...
AFG and Subs Affirmed
Jan 26 2004 // Fitch Ratings affirmed the “BBB+” long-term issuer ratings of American Financial Group Inc. (AFG) and its subsidiaries American Premier Underwriters Inc. and Great American Financial Resources Inc. (GAFR). The...
Lloyd’s Syndicate 2001 Assigned
Jan 26 2004 // A.M. Best Co. assigned a Best’s Syndicate Rating of “A” (excellent) to Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Ltd. The outlook is stable. The rating reflects the...
Texas Surplus Lines Premium Comparison
Jan 26 2004 //
Catastrophes Set the Stage for the Marine Insurance Marketplace
Jan 26 2004 // Marine insurance suffered its worst year on record in 2002, and while 2003 showed some minor improvement, it too suffered more that its fair share of catastrophes. The most notable of catastrophes in the marine marketplace...
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...
