Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
NAPSLO Awards Existing Scholarships, Adds a New One
Sep 8 2003 // Nine college students from around the U.S. recently received scholarships from the Derek Hughes/National Association of Surplus Lines Offices Educational Foundation for the 2003-2004 school year. In addition to the $2,000...
Excess Flood Coverage
Sep 8 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...
CIWA Invites Attendees to Breakfast, Briefing at NAPSLO Conference
Aug 28 2003 // The California Insurance Wholesalers’ Association (CIWA) is inviting attendees to a continental breakfast and a briefing on the California Regulatory, Legislative and Political Environment and Issues facing the...
Liberty Mutual Lowered
Aug 18 2003 // Fitch Ratings lowered its insurer financial strength ratings on companies participating in the Liberty Mutual inter-company pool to “A-” from “A” and its rating on Liberty Mutual Insurance...
Orta Joins Western Security Surplus as Broker
Aug 12 2003 // Rocio L. Orta recently joined Pasadena-based Western Security Surplus Insurance Brokers Inc. as a broker. Orta will be responsible for servicing an existing book of business, as well as developing new business with new...
Hull & Co. Makes Additions to Dallas Staff
Aug 12 2003 // Hull & Company General Agency Inc. of Dallas announced the addition of two new account executives to its staff. Cindy Brittin Winchcombe joins the firm with 18 years of experience in underwriting and marketing Excess...
Endurance Excess Casualty Hires Shannon Totten, Cotina Forth-Albuoy
Aug 12 2003 // Bermuda-based Endurance Specialty Holdings Ltd. announced that its Bermuda subsidiary, Endurance Specialty Insurance Ltd., has hired two key leaders in excess casualty: Shannon Totten and Cotina Forth-Albuoy. The...
Prime Authorized to Write Surplus Lines Business in Nevada
Aug 11 2003 // Sandy, Utah-based Prime Holdings Insurance Services Inc. announced today that it has received approval for its property and casualty subsidiary, The Prime Insurance Syndicate Inc., to write surplus lines insurance business...
Ohio Casualty’s Earnings Down $2.1 Million From Year Ago
Aug 8 2003 // Fairfield, Ohio-based carrier Ohio Casualty Corp. announced second-quarter net income of $11 million, or 18 cents per diluted share, down from a year ago’s $13.1 million, or 21 cents per diluted share. The company...
Argonaut Sees 46% Increase in GWP for Q2
Aug 7 2003 // San Antonio-based Argonaut Group Inc. announced financial results for the three- and six-month periods ended June 30, 2003, noting that the group’s gross written premium during the second quarter increased to $199.5...
St. Paul Names New Senior VP of Specialty Commercial Insurance
Aug 6 2003 // The St. Paul Cos. announced that Gregory Vezzosi, a 27-year veteran of the property-casualty insurance industry, has been named senior vice president, Specialty Commercial. The appointment is effective immediately. Vezzosi...
Ex-Lloyd’s Chairman Sax Riley Dead at 63
Aug 5 2003 // Sax Riley, immediate past chairman of Lloyd’s, collapsed and died July 25 while playing golf in Surrey, England. He was 63. Riley retired from Lloyd’s last year under amicable circumstances, clearing the way...
Kemper Pool Downgraded Again
Aug 4 2003 // Standard & Poor’s lowered its counterparty credit and financial strength ratings on the members of the Kemper Insurance Cos. intercompany pool to “CCC” from “B-” with a negative...
State Fund Issues 2002 Financials; Discusses Reserve Estimates
Aug 4 2003 // California’s State Compensation Insurance Fund has issued its audited statutory-basis financial statements as of Dec. 31, 2002. Net premium written for 2002 was $5.3 billion, an increase of 49 percent from $3.6...
Mitsui Sumitomo and CNA E&S Join Target Markets
Aug 1 2003 // The Target Markets Program Administrators Association announced the membership of two new carrier partners. Mitsui Sumitomo and CNA E&S will be joining a growing list of Carrier Partners in the Target Markets Program...
St. Paul Reports $214 Million Q2 Profit
Jul 31 2003 // The St. Paul Co. announced second-quarter 2003 net income of $214 million, or 89 cents per share, up from a second-quarter 2002 net loss of $223 million, or $1.09 per share. Second-quarter 2003 operating earnings were $172...
Acordia’s American E&S Insurance Operation Acquires RMC2
Jul 24 2003 // American E&S Insurance Brokers of New York Inc. announced today the acquisition of RMC2, LLC, a national excess and surplus insurance broker with offices in the Chicago area and West Palm Beach, Fla. American E&S...
State Fund Issues 2002 Financials, Discusses Reserve Estimates
Jul 23 2003 // California’s State Compensation Insurance Fund has issued its audited statutory-basis financial statements as of Dec. 31, 2002. Net premium written for 2002 was $5.3 billion, an increase of 49 percent from $3.6...
Lloyd’s Of London Seeks Approval for Reinsurance License in China
Jul 23 2003 // Lloyd’s of London chairman Lord Levene will file a submission soon seeking approval to establish an on-shore reinsurance branch in China. Having an on-shore presence would allow Lloyd’s to reinsure local...
Sheffield Earns ‘A’ From S&P
Jul 21 2003 // S&P assigned its “A” financial strength rating to Sheffield Insurance Corp., a writer of specialty insurance, based on its integration into the business plan of its parent, experienced management,...
