Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
A.M. Best E&S Review Reports 35 Percent Increase in Direct Premium Volume
Oct 8 2002 // The U.S. excess and surplus lines market reported a 35 percent increase in direct premium volume in 2001, according to the “Annual Review of the Excess & Surplus Lines Industry-September 2002,” released by...
A.M. Best Affirms Ratings, Removes State Farm’s Calif., Texas Subsidiaries From Under Review
Oct 8 2002 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (both of...
EU Report Indicates U.K. Gov’t. May Not Have Properly Audited Lloyd’s
Oct 4 2002 // A preliminary draft of a report prepared for the European Commission apparently indicates that U.K. regulators failed to adhere to European Community regulations in auditing and oversight of Lloyd’s of...
Endurance Announces Two Sr. Executive Appointments
Oct 4 2002 // Bermuda’s Endurance Specialty Insurance Ltd. announced the promotion of David V. Cabral to Executive VP for Excess Casualty and Professional Liability and that Ronald H. Koch has been named a Senior VP for Casualty...
Moody’s Estimates Lloyd’s Losses at £5 Billion for 2000/2001
Oct 1 2002 // Moody’s Investors Service’s latest forecasts for the Lloyd’s Market indicate it will lose around £5 billion ($7.8 billion) for the 2000 and 2001 years of account. According to the report, the loss...
Lloyd’s Outlook Stable
Sep 30 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” of the Lloyd’s market with a stable outlook. Lloyd’s has a financial size category of XV. Lloyd’s excellent business profile,...
The State of the Surplus Lines Market with Michael J. Hall
Sep 30 2002 // Insurance Journal publisher Mark Wells recently spoke with Michael J. Hall, chairman of M.J. Hall & Company Inc. and president of Golden Bear Insurance Company, both headquartered out of Stockton, Calif. Hall shared...
Corporate Members Approve a Major Course Change for Lloyd’s
Sep 30 2002 // Friday the 13th of September will henceforth be known at Lloyd’s as the day that members approved a plan that will radically alter the way the London market is conducted. Ignoring any bad luck associated with the...
Lloyd’s Outlook Stable
Sep 30 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” of the Lloyd’s market with a stable outlook. Lloyd’s has a financial size category of XV. Lloyd’s excellent business profile,...
Hard Market Conditions Can Reward Good Risk Management Says Lloyd’s Chairman
Sep 30 2002 // Lloyd’s Chairman Sax Riley told an audience of 600 insurance professionals in Milan, Italy that the way in which business organizations manage the risks they face is becoming an increasingly important factor in the...
Corporate Members Approve a Major Course Change for Lloyd’s
Sep 30 2002 // Friday the 13th of September will henceforth be known at Lloyd’s as the day that members approved a plan that will radically alter the way the London market is conducted. Ignoring any bad luck associated with the...
Standard & Poor’s Launches New Lloyd’s Syndicate Analysis
Sep 27 2002 // Standard & Poor’s announced the launch of its Lloyd’s Syndicate Assessments (LSAs), “a new tool for analyzing the syndicates operating in the Lloyd’s of London Insurance Market.” S&P...
AAI Says P&C First-Half Results Could be Better
Sep 25 2002 // The six-month profit increase earned by property & casualty insurers reported recently by A.M. Best Co. is a step in the right direction, but conditions in the industry aren’t as rosy as such improved financials...
More Lloyd’s Investment, BRIT to Raise £204 Million in Rights Offering
Sep 24 2002 // BRIT Insurance Holdings PLC, a leading participant in the Lloyd’s market, announced plans to raise around £204million ($316 million) through a rights offering. The company plans on using the funds to increase its...
Trenwick in Deal with Berkshire Hathaway to Increase Syndicate Capacity
Sep 20 2002 // Trenwick Group Ltd. announced that it has entered into an agreement with Berkshire Hathaway to increase the total premium capacity of Trenwick Managing Agents’ Syndicate 839 at Lloyd’s for the 2002 year of...
ACE Risk Management Creates New Excess Workers’ Comp Unit
Sep 19 2002 // ACE Risk Management (ARM), part of ACE USA, announced the creation of a new unit, ARM Excess Workers’ Compensation. The ARM Excess Workers’ Compensation unit offers risk managers and brokers the ability to...
Austin Surplus Lines Selects CIS Management System
Sep 18 2002 // Custom Insurance Solutions (CIS) of San Antonio announced that Austin-based wholesale MGA, Austin Surplus Lines Agency Inc., contracted with CIS’ for its AIM Management System. Austin Surplus Lines has 80 employees...
Images of the Western States Surplus Lines Conference
Sep 18 2002 // The industry got together in Whistler, British Columbia July 25-28 for the Western States Surplus Lines Conference. Below are some images captured over those three days. Can you find yourself? Derek Borisoff of Monarch...
Lloyd’s Members Vote in Favor of Reform Proposals
Sep 14 2002 // Lloyd’s announced on Friday that 79.88 percent of those eligible to vote at an Extraordinary General Meeting on Thursday had backed the reform proposals prepared and endorsed by Lloyd’s management. The vote...
CNA Launches Specialty D&O and Fiduciary Liability Lines
Sep 10 2002 // Schinnerer & Company Inc. of Chevy Chase, Md. is now offering liability coverage to architects, engineers, land surveyors, landscape architects and specialty consultants through CNA’s E-Pack. With this newest...
