Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Calif. Business Owner Wins Appeal Against Lloyds of London
Jun 4 2003 // The California Court of Appeal recently ruled that Lloyd’s of London could not force a self-employed plumbing contractor to arbitrate his claim for bad faith denial of disability insurance benefits. Trial Lawyers for...
Best Assigns ‘A-‘ (Excellent) Rating to Lloyd’s Syndicate 2010
Jun 4 2003 // A.M. Best Co. announced that it has assigned a “Best’s syndicate rating of A- (Excellent) to Lloyd’s Syndicate 2010, managed by Cathedral Underwriting Ltd.” , with a “stable”...
Lloyd’s Chairman Urges Expansion into European Union.
May 23 2003 // Lloyd’s Chairman, Lord Peter Levene, told more than 250 senior brokers at the first Lloyd’s European Symposium, held at the Grange City Hotel in London, that now is the time for Lloyd’s to take whatever...
P&C Technology Firm Insurity Joins AAMGA
May 20 2003 // Insurity Inc., a ChoicePoint® company, headquartered in Hartford, Conn., announced that the American Association of Managing General Agents’ (AAMGA) board of directors has voted to ratify Insurity as a full-fledged...
Baltimore Technologies to Provide Security System for Lloyd’s Kinnect
May 20 2003 // Baltimore Technologies, a leading global e-security provider, announced that Hewlett Packard has chosen its “Baltimore SelectAccess (TM)” system to provide web access control and on-line security and...
NAII Lauds NJ Senate’s Move to Modify Surplus Lines Regs
May 20 2003 // The National Association of Independent Insurers has roundly approved the recent action by the New Jersey Senate in passing a bill that will bring the state in line with the rest of the country by eliminating a requirement...
The Ratings Game
May 19 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
Trenwick Narrows Q1 Net Loss to Under $1 Million
May 16 2003 // The beleaguered Trenwick Group received some much needed good news from its first quarter 2003 results – a net loss of $600,000, or 2 cents a share, compared to a net loss available to common shareholders of $54.6...
The Hartford Sells its P/C Reinsurance Business to Endurance Specialty
May 16 2003 // The Hartford Financial Services Group Inc., has sold most of its property-casualty reinsurance business to Bermuda-based Endurance Specialty Holdings Ltd. The transaction includes the sale of renewal rights for existing...
Surplus Lines Bill Passes La. House, Senate Battle Next
May 14 2003 // The Louisiana Surplus Lines Association is urging its members to keep the pressure on state lawmakers to pass House Bill 1476, which would exempt certain surplus lines insurers from a decades old, largely un-enforced law...
National Union Fire Co. Unveils Maximum A-Side Excess Coverage for D&O
May 13 2003 // National Union Fire Insurance Company of Pittsburgh, Pa.® (National Union), a member company of American International Group, Inc. (AIG), has introduced Maximum A-Side Excess Insurance(SM) (MAX), a “Side A”...
Argonaut Group Notes Q1 Results
May 9 2003 // San Antonio-based Argonaut Group, Inc. announced financial results for the three months ended March 31. First quarter highlights: *The company’s Excess & Surplus Lines (E&S) segment reported a 107 percent...
Surplus Lines Bill Passes La. Committee
May 8 2003 // A bill that would allow surplus lines insurers to enter pleadings without posting a bond advanced from the Louisiana House Insurance Committee, according to the National Association of Independent Insurers. “House...
CGI and HP Deliver Business Platform for Lloyd’s Kinnect
May 7 2003 // CGI Group (Europe) Ltd and HP (Hewlett Packard/Compaq) jointly announced that they have delivered a business platform for Kinnect Inc., a Lloyd’s of London sponsored initiative, to improve the efficiency and...
Getting the Percentages Right in Surplus Lines
May 5 2003 // I was standing at the ballpark watching the local minor league baseball team take batting practice before a game. My son was along for the insurance company-sponsored evening, and we were out along the third-base line in...
Giles Looks at MGAs As He Prepares to Step Down
May 5 2003 // Outgoing AAMGA president Rob Giles sat down with Insurance Journal recently to discuss the association, managing general agents and his term as president, among other things. Giles, president of Wisconsin-based Midwest...
Full Speed Ahead
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
Full Speed Ahead
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
Covering All the Bases with the Help of Surplus Lines
May 5 2003 // I was standing at the ballpark watching the local minor league baseball team take batting practice before a game. My son was along for the insurance company-sponsored evening, and we were out along the third-base line in...
Giles Looks at MGAs As He Prepares to Step Down
May 5 2003 // Outgoing AAMGA president Rob Giles sat down with Insurance Journal recently to discuss the association, managing general agents and his term as president, among other things. Giles, president of Wisconsin-based Midwest...
