Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
NAPSLO Mid-Year Meeting Set for San Antonio
Feb 11 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) is holding its Mid-Year Marketplace & Business Roundup Feb. 24-27 in San Antonio. The Texas gathering replaces the 2002 Mid-Year Educational...
Lloyd’s Issues $803 Million Cash Call
Feb 6 2002 // Lloyd’s of London confirmed analysts’ expectations with its second cash call to syndicate members in four months, asking them to provide an additional £546 million ($802.8 million) to cover Lloyd’s...
Lloyd’s May Issue Cash Call Next Week
Feb 1 2002 // The London insurance market is awash in rumors that Lloyd’s may issue another cash call sometime next week in order to raise additional funds to help pay the estimated $2.7 billion in claims resulting from the...
S&P Comments on Lloyd’s Reform Proposals
Jan 30 2002 // Standard & Poor’s has issued a bulletin which discusses the proposed structural reforms announced by Lloyd’s of London on January 17. While warning of numerous hurdles to be overcome before any of the...
XL Winterthur International Launched
Jan 30 2002 // XL Winterthur International Launched XL Winterthur International (XLWI), the account risk management business of XL Capital Ltd. (XL) announced the establishment of a new Excess Casualty unit based in New York. The new...
E&S Lines Basking in the Warm Glow of a Hard Market
Jan 28 2002 // Early in 2000, insurance prices started doing something they had not done in almost 15 years. They began to increase, and they kept growing at a modest pace into the third quarter of 2001, when the events of September 11...
Fundamental Changes Proposed for London Market
Jan 28 2002 // The news burst suddenly, but not entirely unexpectedly, on the insurance industry. Confirming earlier reports, the 18-member Council of Lloyd’s issued a series of proposals to drastically restructure the way the...
E&S Lines Basking in the Warm Glow of a
Jan 28 2002 // Early in 2000, insurance prices started doing something they had not done in almost 15 years. They began to increase, and they kept growing at a modest pace into the third quarter of 2001, when the events of September 11...
Communicating Effectively with Your Wholesaler
Jan 28 2002 // The managing general agent (MGA) has long been a part of the insurance sales process—but still remains a mystery to many insurance professionals. A working knowledge of MGAs will lead to a beneficial and profitable...
Communicating Effectively with Your Wholesaler
Jan 28 2002 // The managing general agent (MGA) has long been a part of the insurance sales process—but still remains a mystery to many insurance professionals. A working knowledge of MGAs will lead to a beneficial and profitable...
Lloyd’s Appoints Jeremy Pinchin as Sept. 11 Claims Coordinator
Jan 25 2002 // Lloyd’s of London has appointed Jeremy Pinchin as Special Counsel to coordinate claims connected with the Sept. 11 terrorist attacks. The position was created specifically to handle Sept. 11 claims. ” Mr....
NJ Grants Mold Exclusion for Surplus Lines
Jan 21 2002 // Reversing an earlier decision, New Jersey’s Department of Banking and Insurance announced that it will allow the exclusion of coverage for toxic mold from policies offered by the State’s surplus lines...
Lloyd’s Tables Radical Reforms For Consultation
Jan 18 2002 // Confirming earlier reports (See IJ Website Jan. 16), Lloyd’s announced that its ruling body, the Council of Lloyd’s, has put forth a radical plan to restructure the way the 300 year old market does business. If...
Without Terrorism Exclusions, Surplus Lines Insurers Hold Out Lifeline to Calif., N.Y. Businesses
Jan 14 2002 // AccordingSurplus lines insurers may offer hope for businesses to remain insured in those states, like California and New York, that are refusing to allow insurers to exclude terrorism risks in commercial insurance...
A.M. Best Affirms Lloyd’s
Jan 14 2002 // A.M. Best Co. affirmed the “A-” rating of the Lloyd’s market and has removed the “under review” status of the rating, which was applied in the aftermath of the terrorist attacks in the U.S. on...
A.M. Best Affirms Lloyd’s
Jan 14 2002 // A.M. Best Co. affirmed the “A-” rating of the Lloyd’s market and has removed the “under review” status of the rating, which was applied in the aftermath of the terrorist attacks in the U.S. on...
A.M. Best Gives Goshawk Re A- (Excellent) Rating
Jan 4 2002 // A.M. Best Co. assigned an initial financial strength rating of A- (Excellent) to Goshawk Reinsurance Limited (Goshawk Re), the recently established Bermuda-based subsidiary of the U.K.’s Goshawk Insurance Holdings...
Golden Gate Capital Invests in Bermuda-Based Endurance Specialty Insurance
Jan 4 2002 // Golden Gate Capital, a private equity investment firm based in San Francisco, Calif., has invested in Endurance Specialty Insurance, a Bermuda-based start-up focusing on the commercial property and liability insurance and...
Individual Names Continue to Leave Lloyd’s
Jan 3 2002 // The number of individual investors in Lloyd’s syndicates, known as Names, continues to decline, falling from 2,852 last year to 2,490 currently, a 13 percent decrease. As corporate capital becomes increasingly the...
A.M. Best Assigns ‘A-‘(Excellent) Rating to Danish Re, Lloyd’s Syndicate 1400
Dec 28 2001 // A.M. Best Co. has assigned an indicative financial strength rating of A- (Excellent) to Danish Re Bermuda Ltd., “a global reinsurer which underwrites at Lloyd’s as an Integrated Lloyd’s Vehicle and...
