Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
James River Assigned
Jul 21 2003 // A.M. Best Co. assigned an initial financial strength rating of “A-” (Excellent) to James River Insurance Company (James River). The rating outlook is stable. The company is the insurance subsidiary of James...
James River Assigned
Jul 21 2003 // A.M. Best Co. assigned an initial financial strength rating of “A-” (Excellent) to James River Insurance Company (James River). The rating outlook is stable. The company is the insurance subsidiary of James...
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,...
HRH Co. Acquires Remaining Interest in New World E&S, LLC
Jul 21 2003 // Hilb, Rogal and Hamilton Company has acquired the remaining 49 percent interest in New World E&S, LLC (New World), a casualty excess and surplus lines facility specializing in excess general liability and umbrella...
Legislation, Building Relationships Mark Year for TSLA Leader
Jul 21 2003 // Paula Burnes, CEO of the Texas Surplus Lines Association (TSLA), recently sat down with Insurance Journal senior writer Dave Thomas to discuss the Association’s role in the industry, its plans for the future, and...
New AIG Construction Specialty to Focus on Builder & Contractors
Jul 21 2003 // Responding to the lack of availability in the construction market, AIG Excess Casualty recently introduced a new excess casualty practice for builders and contractors, AIG Construction Specialty. AIG Construction Specialty...
A.M. Best Affirms Rating of Lloyd’s of London
Jul 18 2003 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of Lloyd’s of London. The outlook remains stable. The rating reflects Lloyd’s maintenance of an excellent business...
S&P Updates Royal SunAlliance USA Group Members
Jul 17 2003 // Standard & Poor’s commented on the members of the Royal SunAlliance USA group (RSA USA): Royal Insurance Co. of America, Royal Indemnity Co., Connecticut Indemnity Co., Security Insurance Co. of Hartford,...
Ill. Surplus Carriers Hit by Retroactive Tax
Jul 16 2003 // Illinois surplus lines carriers are protesting a retroactive tax hike that was enacted to help address the state’s budget deficit, according to Springfield’s State Journal-Register. The surplus lines producer...
SLA Reports 44 Percent Increase in Calif. Surplus Lines
Jul 9 2003 // Ted Pierce, executive director of the Surplus Line Association of California, released the association’s 2003 six month totals for processed surplus line premium, revealing a 44 percent increase over the 2002 premium...
ARC Excess and Surplus LLC Opens West Coast Office
Jul 9 2003 // ARC Excess and Surplus, LLC, established in 1986 on the east coast, has opened a west coast office in Pasadena, Calif. ARC West Coast Excess & Surplus is as a wholesale insurance broker focusing exclusively on...
CenCal Insurance Services Forms New Commercial/Specialty Products Division
Jul 8 2003 // California-based CenCal Insurance Services, known for expertise in non-standard automobile products and services, is expanding operations to include commercial programs and specialty products for business and property...
Goshawk Warns on Profits; Best Lowers Syndicate Ratings
Jul 8 2003 // London’s Goshawk Insurance, a specialty insurer and reinsurer, which manages Lloyd’s Syndicate 102, warned that it may not meet profit forecasts for the year due to adverse developments. The news not only sent...
A.M. Best Assigns ‘A-‘ Rating to James River Insurance Co.
Jul 7 2003 // A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to James River Insurance Company (James River) (Wilmington, Del.). The rating outlook is stable. The company is the insurance subsidiary of...
P/C Q1 Net Income Up 20.6%-Driven by Underwriting, Net Investment Gains
Jul 7 2003 // The U.S. property/casualty industry’s net income after taxes rose 20.6 percent to $6.4 billion in first-quarter 2003 from $5.3 billion in first-quarter 2002, driven by improved underwriting results and an increase in...
Q1 Numbers an Improvement, But Concerns Stand
Jul 7 2003 // The property/casualty insurance industry reported a statutory rate of return of 8.8 percent in the first quarter of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in...
Annual WSSLC Stops in Big Sky Country
Jul 7 2003 // The Annual Western States Surplus Lines Conference meets July 9-12 in Big Sky, Montana, drawing hundreds of industry professionals and their families to the open country for three days of fun, relaxation, and of course,...
Net Income Up 20.6 Percent for P/C Insurers in Q1
Jul 7 2003 // The U.S. property/casualty industry’s net income after taxes rose 20.6 percent to $6.4 billion in first-quarter 2003 from $5.3 billion in first-quarter 2002, driven by improved underwriting results and an increase in...
Q1 Numbers an Improvement, But Concerns Stand
Jul 7 2003 // The property/casualty insurance industry reported a statutory rate of return of 8.8 percent in the first quarter of 2003, up from a disappointing one percent in 2002 and the worst-ever negative 2.4 percent recorded in...
Atlantic Mutual Under Review
Jul 7 2003 // A.M. Best Co. placed the financial strength rating of “A-“(Excellent) of the Atlantic Mutual Cos. under review with negative implications. Concurrently, the “bbb” debt rating of Atlantic Mutual...
