Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
A.M. Best Affirms Rating of Goshawk Reinsurance Ltd.; Assigns Negative Outlook
Oct 22 2003 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Goshawk Reinsurance Limited (Goshawk Re), Bermuda, and removed the rating from under review. This follows detailed discussions with the Goshawk...
Speakers at CIWA Breakfast Underscore Role of Local Wholesale Brokers’ Assoc.
Oct 20 2003 // Richard Bouhan, executive director of NAPSLO, and California Insurance lobbyist Dietmar Grellman of Norwood & Associates stressed the need for vigilance and activism at a breakfast sponsored by the California...
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
Arthur J. Gallagher & Co. Purchases CAL E&S Companies
Oct 17 2003 // Arthur J. Gallagher & Co. announced the acquisitions of CAL E&S Brokers, Inc. of Bay Shore, N.Y. and CAL E&S Brokers of New Jersey, Inc. of Morristown, N.J. Both companies were established in 2000. The CAL...
EC Drops Probe of Lloyd’s Regulation
Oct 16 2003 // The European Commission, the European Union’s regulatory authority, has dropped an investigation of the British government’s rules concerning the Lloyd’s market. The EC began the probe in response to...
ACE INA UK Eligible to Offer Insurance on E&S Basis for More Than 30 States
Oct 15 2003 // ACE INA UK Limited, a London-based operation of the ACE Group of Companies, is now eligible to offer insurance on an Excess & Surplus lines (E&S) basis in more than 30 U.S. states, including New York and...
Surplus Line Premium Sees 82 Percent Increase, Says SLA
Oct 13 2003 // Ted Pierce, executive director of the Surplus Line Association of California (SLA) released the association’s nine month total for processed surplus line premium showing an 82 percent increase over the 2002 premium...
Lloyd’s Appoints Iain Saville First Head of “Business Process Reform”
Oct 13 2003 // Lloyd’s announced the appointment of Iain Saville as the three hundred year old insurance market’s first Head of Business Process Reform, charged with modernizing and improving business processes across the...
RMS Expands Commitment to Lloyd’s Market
Oct 10 2003 // Newark, Calif.-based RMS, a provider of products and services for the management of catastrophe risk, has expanded its commitment to the Lloyd’s market with the addition of three Lloyd’s managing agents as new...
A.M. Best Downgrades Ratings of Atlantic Mutual Companies
Oct 7 2003 // A.M. Best Co. has downgraded the financial strength rating of The Atlantic Mutual Companies (The Atlantic) (New York) to B++ (Very Good) from A- (Excellent). Concurrently, A.M. Best has downgraded the debt rating of...
Apprehensions over Regulation, Capital, Industry Image, Dominate CII Conference
Oct 6 2003 // The industry “needs leaders that will actually lead,” said outgoing president Andy Homer as he closed the 102nd Insurance and Financial Services Conference of the U.K.’s Chartered Insurance Institute...
Goshawk Lloyd’s Downgraded
Oct 6 2003 // Moody’s downgraded the performance rating of Lloyd’s syndicate 102—Goshawk Syndicate Management Limited—to “C+” (below average) from “B+” (above average) and kept it on review for...
Special Coverage: NAPSLO Annual Convention
Oct 6 2003 // The NAPSLO Annual Convention took place Sept. 10-14 in San Diego at the San Diego Marriott Hotel & Marina. For more Insurance Journal interviews and special video coverage of the NAPSLO Convention, including an...
Special Coverage: NAPSLO Annual Convention
Oct 6 2003 // The NAPSLO Annual Convention took place Sept. 10-14 in San Diego at the San Diego Marriott Hotel & Marina. For more Insurance Journal interviews and special video coverage of the NAPSLO Convention, including an...
IIASA to Hold Surplus Lines Seminar
Oct 1 2003 // The Independent Insurance Agents of San Antonio announced an upcoming continuing education seminar, “Surplus Lines & Putting Together a Winning Submission.” The seminar, which will be presented by...
Fortin Joins CNA as Senior VP of Specialty Brokerage Unit
Oct 1 2003 // Chicago-based insurer CNA Financial Corp. announced that Daniel S. Fortin has joined CNA insurance companies as senior vice president of the specialty lines open brokerage unit within its property/casualty operation....
$14.5 Billion First Half Profit for P/C Industry
Sep 30 2003 // The U.S. property/casualty industry’s net income after taxes rose to $14.5 billion in first-half 2003 from $4.4 billion in first-half 2002, as both underwriting and investment results improved, according to Insurance...
ACE Westchester Specialty Group Program Division Forms New Umbrella/Excess Liability Unit
Sep 30 2003 // ACE Westchester Specialty Group, the U.S.-based wholesale focused excess and surplus property and casualty operation of the ACE Group of Companies, announced the formation of a new Umbrella/Excess Liability unit within its...
Lloyd’s Deputy Chairman Addresses Changing Risk Environment
Sep 29 2003 // Lloyd’s Deputy Chairman, John Coldman, addressing the Italian Lloyd’s Correspondent’s Association on Friday (before the blackout) in Milan, highlighted the growing opportunities presented by the expansion...
