Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Tightening Market Conditions Set Tone at AAMGA 75th Anniversary
Jun 18 2001 // At the 2001 AAMGA Annual Meeting, held May 20-24 in Indian Wells, Calif., at least one topic of discussion was as intense as the desert sun—all current indications clearly reflect a tightening of the market. There are...
Oil & Gas Coverage Harder to Find; More EXPENSIVE
Jun 18 2001 // Crude oil and natural gas exploration and production continue at near record levels and most observers see no let up. White House officials are stumping for a national energy policy that among other things seeks increases...
Borisoff Takes the Reigns from Penniall at Monarch E&S
Jun 11 2001 // Some changes are in the air at Monarch E&S as Derek Borisoff is taking ownership of the company from Don Penniall. Penniall founded Monarch E&S, a surplus line/managing general agent, at an age when most...
Lloyd’s Syndicate Offers New Coverage for War, Political Violence
Jun 11 2001 // Managing Agency Partners (MAP) Underwriting, one of Lloyd’s newest syndicates, has come up with an innovative and timely policy aimed at protecting investors from losses caused by wars and political violence in...
Tightening Market Conditions Set Tone at AAMGA 75th Anniversary
Jun 11 2001 // At the 2001 AAMGA Annual Meeting, held May 20-24 in Indian Wells, Calif., at least one topic of discussion was as intense as the desert sun—all current indications clearly reflect a tightening of the market. There are...
Coverages for Contractors: Only the Strong Survive as a Tough Market Gets Tougher
Jun 11 2001 // What’s the biggest problem area in the California insurance market these days?” When asked that question, most in the know would probably, without any hesitation, reply, “Workers’ comp.” But...
TO BE OR NOT TO BE CAPTIVE
Jun 11 2001 // Despite recent reports, Lloyd’s hasn’t made any decision as to whether it will exit the captive market. The issue is under study as part of an overall review of Lloyd’s operations, due to be presented in...
State Fund To Become Texas Mutual Insurance Company
Jun 4 2001 // The Texas Workers’ Compensation Insurance Fund will become the Texas Mutual Insurance Company Sept. 1 if Gov. Rick Perry signs the bill authorizing the change. The governor has 20 days from the Legislature’s...
The Changing Face of the London Insurance Market: Lloyd’s Admits ‘Foreign’ Brokers-Ins-sure Takes Ov
Jun 4 2001 // The London insurance market achieved two significant milestones recently with the admission to Lloyd’s membership of three non-U.K.-based brokers, and the launch of Ins-sure Services, Ltd., which will assume the...
Lloyd’s reviewing the Captive Market – No Decision on Withdrawal
May 29 2001 // Despite recent reports, Lloyd’s hasn’t made any decision as to whether it will exit the captive market. The issue is under study as part of an overall review of Lloyd’s operations, due to be presented in...
Lloyd’s Syndicate Offer New Coverage For War, Political Violence
May 29 2001 // MAP Underwriting, one of the newest syndicates at Lloyd’s, has come up with an innovative and timely policy, aimed at protecting investors from losses caused by war and political violence in troubled areas like the...
Survey Says Personal Liability Limits Fail to Keep Pace With Growth in Household Assets
May 25 2001 // According to a survey by the Chubb Group of Insurance Companies Personal liability protection is not keeping pace with personal asset growth or litigation trends, leaving affluent individuals and their families exposed to...
Lloyd’s Issues Warning on Travel Insurance
May 25 2001 // As the holiday season began, Lloyd’s issued a warning to the public concerning certain travel insurance policies sold by the Management Company (London) Limited. It urged people to “check the validity of any...
St. Paul To Reorganize Lloyd’s Operations
May 22 2001 // The St. Paul Companies announced “that its St. Paul at Lloyd’s operation will implement a major reorganisation of its underwriting and operational structure, including a plan to consolidate its existing 11...
Lloyd’s Admits ‘Foreign’ Brokers, Ins-sure Services Launched
May 21 2001 // The London insurance market achieved two significant milestones recently with the admission to Lloyd’s membership of three non-U.K.-based brokers, and the launch of Ins-sure Services Ltd., which will assume the...
Kevin Brooks to Join Aon as President of P/C Unit for Combined Specialty
May 17 2001 // Aon Corporation announced that Kevin P. Brooks will become president of the specialty property and casualty unit of Combined Specialty Corporation. Brooks was chairman, president and CEO of General Star Management Company,...
AAMGA Selects Desert Backdrop for ‘Diamond Jubilee’
May 14 2001 // This year the American Association of Managing General Agents (AAMGA) will celebrate its 75th Anniversary with a Diamond Jubilee, to be held May 20-24 in Palm, Desert, Calif. “The Desert Springs Marriott Resort...
AAMGA Elects New Leadership
May 14 2001 // The American Association of Managing General Agents has named as the organization’s 2001-2002 president-elect, Robert S. Giles, CIW, president and COO of W.R. Scobie Inc./Midwest General Agency, CMGA. Giles, who was...
Lloyd’s Change to Annual Accounting Results in $4.5 Billion Loss Estimate
May 13 2001 // Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall,...
CALIBER ONE EXITING E&S SURPLUS LINES MARKETPLACE
May 13 2001 // PMA Capital has decided to withdraw from the excess and surplus (E&S) lines marketplace served by its Caliber One business segment, even though PMA Capital shows strong growth and operating income for PMA Re and the...
