Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Imagine Completes Greenwich Acquisition; Expands Global Operations
Dec 16 2003 // The Imagine Group announced from its Barbados headquarters that it has completed the acquisition of a two-thirds equity interest in Greenwich Managing Agency at Lloyd’s. The bulletin said Greenwich would be renamed...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Industry People Making Moves in 2003
Dec 15 2003 // As you will probably notice from this list, it is not scientific, preferential, etc. We retraced news coverage of this past year and tried to come to an agreement on who made headlines. We likely left off a few...
Excess Flood Coverage
Dec 15 2003 // Nuts & Bolts: AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), has expanded its Excess Flood Coverage to 17 additional states across the...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Industry People Making Moves in 2003
Dec 15 2003 // As you will probably notice from this list, it is not scientific, preferential, etc. We retraced news coverage of this past year and tried to come to an agreement on who made headlines. We likely left off a few...
Best Assigns ‘A’ Rating to Lloyd’s Syndicate 2001
Dec 12 2003 // A.M. Best Co. announced that it has assigned a Best’s Syndicate Rating of ‘A’ (Excellent) with a stable outlook to Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Limited. “The...
Berkley Medical Excess Underwriters Appoints Brown to Position of VP Underwriting
Dec 10 2003 // Berkley Medical Excess Underwriters, LLC, an underwriting management unit of W. R. Berkley Corporation, announced the appointment of Todd Brown to the position of vice president, underwriting. Berkley Medical Excess...
AIG Specialty Workers’ Comp Notes Launch of AIG RiskTool System
Dec 10 2003 // AIG Specialty Workers’ Compensation®, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), announced the launch of AIG RiskTool System(SM), an online loss prevention and...
Atlantic Mutual Cos. Ratings Fall on CreditWatch
Dec 10 2003 // Standard & Poor’s has placed its ‘BBB’ counterparty credit and financial strength ratings on Atlantic Mutual Insurance Co., Centennial Insurance Co., and Atlantic Lloyds Insurance Co. of Texas...
Best Affirms ‘A’ Rating of Lloyd’s Syndicate 958
Dec 10 2003 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of ‘A’ (Excellent) on Lloyd’s Syndicate 958, which is managed by Omega Underwriting Agents Ltd, with a stable outlook. “The rating...
Calif. SLA Stamping Office Celebrates 65th Anniversary
Dec 9 2003 // 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...
N.J. DOBI Issues Notice on Legion to Surplus Lines Producers
Dec 4 2003 // Holly C. Bakke, the head of New Jersey’s Department of Banking and Insurance, has issued a bulletin to the state’s licensed surplus lines producers requesting that they advise policyholders about the Legion...
SIAA Claims More Than Just Aggregation
Dec 1 2003 // At first blush, the Strategic Independent Agents Alliance may look like just one more short-term solution to the increasing shift in the balance of power toward insurance carriers away from independent agents. Commissions...
How to Develop Program Business Despite Tough Market Standards
Dec 1 2003 // Over the past several years, launching new insurance programs—both from the perspective of potential producers (MGAs, retail agent groups, and wholesalers) and the specialty insurance carriers—has been difficult. The...
How to Develop Program Business Despite Tough Market Standards
Dec 1 2003 // Over the past several years, launching new insurance programs—both from the perspective of potential producers, such as MGAs, retail agent groups and wholesalers, and the specialty insurance carriers—has been...
SIAA Claims More Than Just Aggregation
Dec 1 2003 // At first blush, the Strategic Independent Agents Alliance may look like just one more short-term solution to the increasing shift in the balance of power toward insurance carriers away from independent agents. ommissions...
Chattem Inc. Notes Motion to Intervene in Lawsuit Filed by Interstate Fire & Casualty Co.
Nov 28 2003 // Chattem, Inc., a marketer and manufacturer of branded consumer products, announced that Interstate Fire & Casualty Company (“Interstate”) has filed a motion to intervene as a party plaintiff in the...
Guy Carpenter Unveils New Model for Studying Insurers’ Quota Share, Surplus/Trust Preferred Note Options
Nov 20 2003 // Guy Carpenter & Company, Inc. announced the development of a proprietary analytical tool in response to insurance companies’ growing use of quota shares and surplus/trust preferred notes to manage their capital...
