Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Credit General Insurance, Indemnity Enter Cut-Through Arrangement With AmTrust Financial
Sep 22 2000 // For Credit General, the arrangement provides access to additional surplus upon which to write new business, as well as the security of AmTrust’s surplus. Credit General has resumed writing new business, which it...
S&P Affirms Lloyd’s A+ Rating
Sep 19 2000 // Despite expected losses from 1997 through this year, Standard & Poor’s reaffirmed the Lloyd’s insurance market’s A+ insurer financial strength rating. S&P cited Lloyd’s “very strong...
Commentary on First Half 2000 Results
Sep 14 2000 // The property/casualty insurance industry reported a statutory rate of return of 5.6 percent (on an annualized basis) during the first half of 2000, down from 8.2 percent during the first half of 1999 and 6.6 percent for...
P/C Industry’s First-Half Net Income Plunges; Combined Ratio at 109.2 for 2000
Sep 14 2000 // The U.S. property/casualty industry’s net income after taxes dropped to $10 billion in this year’s first half, down 32.5 percent from $14.9 billion a year ago. The industry’s surplus fell $7.6 billion, or...
The Hartford Completes Acquisition of Reliance
Sep 13 2000 // The Hartford Financial Services Group has completed the purchase of the financial products and excess and surplus lines from Reliance Group Holdings. The acquisition, first announced June 19, has cleared all regulatory...
Lloyd’s Syndicate To Offer Tripwire Cyber Insurance
Sep 12 2000 // Tripwire Inc. a leading U.S. provider of “integrity assessment security solutions,” headquartered in Portland, has joined with Lloyd’s HAW Syndicate “to include Tripwire software as a recommended...
Lloyd’s Updates “Open Form” Salvage Agreement
Sep 4 2000 // Lloyd’s announced that it has revised one of the best known documents in the maritime world – The Lloyd’s Open Form. Designed to speed rescue and salvage operations for ships in distress, the document...
Lime Street Meets Silicon Valley; New Initiatives Transform Lloyd’s
Sep 4 2000 // Lloyd’s is adapting to modern business methods and upgrading its business systems so rapidly that it promises to meet, if not surpass, the vision that Chairman Max Taylor first set out in “Priorities for...
NAPSLO Survey Shows Net Revenues for MGAs, Brokers Grow
Sep 4 2000 // Average pretax profit and net retained revenues for MGAs and brokers increased in 1999, according to the results of the Income & Expense Survey recently completed for the National Association of Professional Surplus...
NAPSLO’s Presidents Share Commitment to Wholesale Agency System
Sep 4 2000 // Both Timothy M. Pedersen, outgoing president of the National Association of Professional Surplus Lines Offices Ltd. (NAPSLO), and John Latham, incoming president, are passionate about their dedication to the wholesale...
Love Thy (Other) Middleman
Sep 4 2000 // They’re scrutinized by regulators. They’re under the gun from companies trying to figure out ways to go around them. They face fierce competition in a buyer’s market. They see companies appointing agents...
When the Market Provides No Answer,Insurers Offer Online E&S
Sep 4 2000 // While the initial furor created by the advent of dot-coms cools down, many insurance professionals are re-evaluating their business relationships with the Web. At a time when agents and brokers may question the benefit of...
Working Winds Blow Through Chicago
Sep 4 2000 // NAPSLO 2000 is all about business “NAPSLO is always intense. Everybody there is trying to make sure that they get as much done in the short period of time as they possibly can.” Anyone who has had the...
Readers’ Survey: How Do You Plan to Use the Surplus Line Market in 2001′
Sep 4 2000 // Is the way you use the surplus line market changing? Has the Internet drastically influenced the way you conduct your business, or do the traditional methods still hold water? Let us know how you intend to use the surplus...
Independent currentsLove Thy Middleman: The Wholesaler
Sep 4 2000 // They’re scrutinized by regulators. They’re under the gun from companies trying to figure out ways to go around them. They face fierce competition in a buyer’s market. They see companies appointing agents...
GuideOne’s Motorsport Business to Go to American Modern
Aug 31 2000 // American Modern Insurance Group, a wholly owned specialty insurance subsidiary of The Midland Company, and GuideOne Specialty Mutual Insurance Company of West Des Moines, Iowa, announced their intent to enter into a...
Moody’s Awards First FSR Rating To Lloyd’s Syndicate Managed by ACE
Aug 24 2000 // Moody’s Investors Service awarded Syndicate 2488, managed by ACE Global Markets, a Financial Strength Rating (FSR) of Aa2 (Excellent). This marks the first time that a Lloyd’s syndicate has been rated and...
Moody’s Increases Estimates of Lloyd’s Losses
Aug 22 2000 // Moody’s Investors Service issued a new statement on Monday which forecast increased losses at Lloyd’s of as much as £3 billion ($4.5 billion) for the last three years. Moody’s previous loss estimates,...
NAPSLO HEADS TO THE WINDY CITY
Aug 21 2000 // The National Association of Professional Surplus Lines Offices (NAPSLO) is geared up for its 26th annual convention, to be held Sept. 13-17 at the Chicago Hilton & Towers Hotel. “The Winds of Change” is...
PADRES SUE LLOYD’S
Aug 21 2000 // The San Diego Padres filed a lawsuit in U.S. District Court against Lloyd’s of London for the insurance consortium’s alleged refusal to pay on a policy the baseball club took out on the contract of pitcher...
