Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Awards U.S. Brokers; Accredits New Asian, Pair of London Brokers
Mar 24 2003 // Lloyd’s of London announced that Constance Curnow of Guy Carpenter and Gerald J. Sullivan of The Sullivan Group are the first brokers to win the Lloyd’s U.S. Broker Awards. The awards for U.S. Reinsurance...
Resurrection-First Steps to WTC Resurrection as Coverage Fight Continues
Mar 24 2003 // With the selection of the design submitted by Berlin-based architect Daniel Libeskind, rebuilding of the World Trade Center site has begun. Walking around the 16 acres of open space in the heart of New York one finally...
Lloyd’s Chairman Calls for Change in Paperwork Processing
Mar 17 2003 // Lloyd’s Chairman, Lord Peter Levene, called upon underwriters and brokers to move away from the paper-bound system that has barely changed for decades and embrace the technology of the 21st century. He made clear...
Lloyd’s Awards U.S. Brokers; Accredits New Asian, 2 London Brokers
Mar 13 2003 // Lloyd’s of London announced that Constance Curnow of Guy Carpenter and Gerald J. Sullivan of The Sullivan Group are the first brokers to win the Lloyd’s U.S. Broker Awards. The awards for U.S. Reinsurance...
Argonaut Posts Losses, Agrees to Sell Stock to HCC
Mar 13 2003 // Despite gains in three of its four business segments, San Antonio-based Argonaut Group said it posted a $105.3 million net loss for the fourth quarter 2002 and an $87.0 million net loss for the year. The 2002 net loss was...
Lloyd’s Affirmed
Mar 10 2003 // S&P’s affirmed its “A” long-term insurer financial strength rating on U.K.-based Lloyd’s insurance market. The “continuing commitment of capital providers to the Market and the consequent...
TRIA – a Flood of Paper, a Trickle of Buyers
Mar 10 2003 // December is the most dreaded month for a surplus lines broker. In addition to all the 12/31 and 1/1 renewals, one must deal with underwriters and employees having the gall to go on vacation, holiday parties, holiday...
Endurance Specialty Holdings Names Bell Pres. of Bermuda Subsidiary
Mar 6 2003 // Endurance Specialty Holdings named Thomas Bell as president of its Bermuda operating subsidiary, Endurance Specialty Insurance Ltd. (Endurance Specialty). Bell, who joined Endurance Specialty in December 2001 as executive...
Calif. Commissioner Orders SCIF to Reduce Broker Commissions
Mar 4 2003 // Calif. Insurance Commissioner John Garamendi held a press conference March 3 addressing the workers’ compensation crisis in California. Specifically, Garamendi proposed a seven point plan to return State Compensation...
Calif. Commissioner Orders SCIF to Reduce Broker Commissions
Mar 3 2003 // Calif. Insurance Commissioner John Garamendi held a press conference March 3 addressing the workers’ compensation crisis in California. Specifically, Garamendi proposed a seven point plan to return State Compensation...
Arch Capital Group Ltd. Unveils 4thQ, 2002 Numbers
Feb 25 2003 // Bermuda-based Arch Capital Group Ltd. reported that net premiums written for the 2002 fourth quarter were $439.2 million, of which the company’s reinsurance and insurance operations contributed net premiums written...
Lloyd’s Chairman Sees Industry at a “Crossroads”
Feb 12 2003 // “The insurance industry is facing a series of critical choices in the near future,” stated Lloyd’s Chairman Lord Levene, speaking before an audience of 130 insurance professionals at the Conrad Hotel in...
PIWA Specialty Markets Directory Available Online
Feb 12 2003 // The Professional Insurance Wholesalers Association of New York State Inc. and the Professional Insurance Agents of New York State Inc. announced that the 2003 Specialty Markets Directory is now available...
Lloyd’s Joins WTC Lawsuit in Support of “One Occurrence” Assertion
Feb 10 2003 // Twenty Lloyd’s Syndicates filed a brief with the U.S. Court of Appeal on Friday in support of Swiss Re, Travelers and other insurance companies in their battle with Silverstein Properties over whether the destruction...
John Coldman and Bronek Masojada Re-elected as Lloyd’s Deputy Chairmen
Feb 10 2003 // Lloyd’s announced that John Coldman and Bronek Masojada have been re-elected as deputy chairmen for a further year at a meeting of the Council of Lloyd’s held last Tuesday February 4. Coldman is Chairman of...
Arch Insurance Introduces New Excess Liability Capacity
Feb 4 2003 // Arch Insurance (Bermuda), a division of Arch Reinsurance Ltd., announced the expansion of their excess liability capacity from $25 million to $40 million. “This additional capacity comes at a time when our clients...
Lord Levene Stresses Lloyd’s Certainty to Risk Managers; Appointments Announced
Jan 30 2003 // Lloyd’s Chairman, Lord Levene, speaking to the Association of Insurers and Risk Managers (AIRMIC) at the Institute of Directors in London, described Lloyd’s as “a beacon of certainty in an uncertain...
Max Re Launches Excess General Liability Insurance Unit
Jan 29 2003 // Bermuda-based Max Re Capital Ltd. announced that its subsidiary, Max Re Ltd., has launched a new business unit to provide excess general liability insurance. Angelo M. Guagliano, formerly an executive with XL Insurance...
A.M. Best Affirms Ratings for Aon’s Underwriting Subsidiaries
Jan 28 2003 // A.M. Best Co. has affirmed the A (Excellent) financial strength ratings of Chicago-based Aon Corporation’s key insurance underwriting subsidiaries and removed the ratings from under review. The ratings were placed...
How to Find New Markets
Jan 27 2003 // For the past 23 years, the Insurance Journal has published the annual Directory of Excess, Surplus and Specialty Markets. This issue is a resource for independent agents and brokers to help them find the markets they need....
