Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
S&P, Moody’s Bullish on Lloyd’s
Sep 25 2003 // Standard & Poor’s and Moody’s Investors’ Service both issued favorable comments yesterday on the current prospects at Lloyd’s. The announcements followed a number of first half reports from...
Target Insurance, Lloyd’s of London Team Up to Offer Professional Liability Program
Sep 23 2003 // Target Insurance Services and Lloyd’s of London have entered into a new program partnership to provide insurance agents professional liability insurance. The program will be offered to property and casualty agents...
Excess Flood Coverage
Sep 22 2003 // Nuts & Bolts: AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), has introduced Excess Flood Coverage to support insureds in the event of...
Is the Pendulum Swinging on Stowers’
Sep 22 2003 // Through its history in Texas jurisprudence, the Stowers doctrine, which creates excess liability for insurers based upon rejection of the settlement demand within limits, has shifted between a restricted concept and a...
NAPSLO Special Coverage
Sep 19 2003 // Insurance Journal brings you special video coverage of the NAPSLO Annual Convention that took place Sept. 10-14 in San Diego. Insurance Journal spoke with a number of key leaders in the excess & surplus lines...
Endurance Specialty Promotes Mary Lou Douglas, Maria Costello
Sep 16 2003 // Endurance Specialty Holdings Ltd. announced that its Bermuda subsidiary, Endurance Specialty Insurance Ltd., has promoted two key people within its Excess Casualty and Professional Lines Divisions, Mary Lou Douglas and...
Lloyd’s Chairman Calls for Action to Tackle Compensation Culture
Sep 16 2003 // Speaking at Town Hall Los Angeles recently, Lord Levene, chairman of Lloyd’s of London insurance market, said that the compensation culture and increasing barriers to free trade cause serious harm to industries that...
Aspen Expands Into U.S. E&S Business; Acquires Dakota Specialty Insurance Co.
Sep 10 2003 // Aspen Insurance Holdings Limited, a provider of global reinsurance and specialty insurance, is expanding into the U.S. excess and surplus lines business through the acquisition of Dakota Specialty Insurance Company from...
