Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Trenwick Gets Agreement “in Principle” for 2003 Lloyd’s Funding
Dec 9 2002 // Bermuda-based Trenwick Group Ltd. announced today that it has reached an agreement in principle with its Lloyd’s letter of credit providers which will allow it to continue underwriting at Lloyd’s in 2003. The...
The St. Paul Cos. Forms New Underwriting Unit for National Program Business
Dec 6 2002 // The St. Paul Companies announced the formation of a new underwriting operation for national program business, an addition to its portfolio of specialty commercial business units. The new business unit, Specialty Programs,...
First Capital, United National Offer Umbrella, Excess Third Party Lines
Dec 6 2002 // First Capital Group, a Roslyn Heights, N.Y.-based program manager, announced it has partnered with United National Group to provide commercial umbrella and excess third party liability lines nationwide. The new program...
Lloyd’s CEO Explains Reforms to Royal Institute
Dec 5 2002 // Lloyd’s CEO Nick Prettejohn, speaking Tuesday at the Royal Institute of International Affairs, gave a ringing endorsement of Lloyd’s reform program. Opening his remarks with a rhetorical question: “Is...
The St. Paul Launches New Lloyd’s Syndicate
Nov 27 2002 // The St. Paul at Lloyd’s announced the launch of Syndicate 5000, its newly created corporate syndicate that will specialize in underwriting non-life business at Lloyd’s on behalf of The St. Paul Companies...
AXIS to Buy Aon’s Specialty Underwriting Unit
Nov 25 2002 // Following recently-announced plans to exit its specialty insurance underwriting operations, Aon Corporation of Chicago entered an agreement in principle to sell its specialty property and casualty insurance subsidiary,...
Get to Know Your State Legislators
Nov 25 2002 // If there was one message speakers at the 2002 Annual Meeting of the Texas Surplus Lines Association (TSLA) wanted their audience to go away with, it was: Get to know your state legislators. That was the mantra chanted by...
Argonaut Subs Rated ‘A’
Nov 25 2002 // S&P assigned its “A” counterparty credit rating and FSR to the members of the Colony Intercompany Pool and to Argonaut Great Central Insurance Co. It also affirmed its “A” ratings on the...
Axis Specialty to Buy Aon’s P/C Underwriting Unit
Nov 15 2002 // Aon has agreed to sell its Sheffield Insurance Corporation, a specialty property and casualty insurance subsidiary, to Bermuda’s Axis Specialty Limited for an undisclosed price, subject to regulatory approval. Aon...
Lloyd’s Names Franchise Board Members
Nov 14 2002 // Lloyd’s has selected ten of the eleven members who will serve on the newly created Franchise Board (FB) which will take over management of the insurance market’s supervisory and commercial affairs beginning...
Lloyd’s Syndicate Rated ‘A’
Nov 11 2002 // A.M. Best Co. assigned a syndicate rating of “A” with stable outlook to Lloyd’s Syndicate 510, managed by R. J. Kiln & Co. Ltd. The rating reflects the syndicate’s excellent current and...
Airlines Look to Provide Their Own War and Terrorist Coverage
Nov 11 2002 // More than a year after Sept. 11, the U.S., the European Union (EU) and many other countries are still working on ways to provide adequate insurance coverage for their air carriers. While several plans have been suggested,...
Managing the Cycle
Nov 11 2002 // Much has been written in the insurance press lately about the cyclical nature of the insurance industry. Now the market is hard, or hardening. For most of the 1990s stock markets boomed, the insurance market softened and...
Airlines Look to Provide Their Own War and Terrorist Coverage
Nov 11 2002 // More than a year after Sept. 11, the U.S., the European Union (EU) and many other countries are still working on ways to provide adequate insurance coverage for their air carriers. While several plans have been suggested,...
Lloyd’s Syndicate Rated ‘A’
Nov 11 2002 // A.M. Best Co. assigned a syndicate rating of “A” with stable outlook to Lloyd’s Syndicate 510, managed by R. J. Kiln & Co. Ltd. The rating reflects the syndicate’s excellent current and...
Argonaut Taps Pilkington To Lead E&S Group
Nov 8 2002 // Argonaut Group Inc., based in San Antonio, announced the appointment of Dale H. Pilkington as president of Colony Insurance Group, the company’s Excess and Surplus (E&S) lines operation. Pilkington, who has most...
Argonaut Group’s 3Q Results Show Underwriting Improvements
Nov 7 2002 // Announcing financial results for the three- and nine-month periods ended Sept. 30, 2002, San Antonio-based Argonaut Group Inc. said for the third consecutive quarter, the group reported positive and improved operating...
Lord Levene Takes Over as Lloyd’s Chairman
Nov 6 2002 // Lord Peter Levene of Portsoken was unanimously confirmed today by the Council of Lloyds as the 61st Chairman of Lloyd’s, and the first one from outside the London market in its 314 year history. He was selected last...
Trenwick in Deal with Berkshire Hathaway for Lloyd’s Support
Nov 5 2002 // Bermuda-based Trenwick Group Ltd. announced that it has concluded an agreement with National Indemnity Company, a member of Warren Buffet’s Berkshire Hathaway group, to provide Trenwick’s Lloyd’s...
Trenwick to Cease Underwriting U.S. Specialty Program Insurance
Oct 31 2002 // Bermuda-based Trenwick Group Ltd. announced today that it will cease underwriting U.S. specialty program insurance business effective immediately. The news follows the announcement of an agreement to create an underwriting...
