Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
S&P: Most New London Market Capacity Headed To Lloyd’s
Aug 10 2000 // A new report by Standard and Poor’s says the expansion of London-based insurance business is mostly taking place at Lloyd’s of London. The report, Insurance Market Profiles, says that, although the London...
Lloyd’s Chair to Resign, Position Goes Part-time
Aug 7 2000 // Max Taylor, the current chairman of Lloyd’s, will be leaving the position he has held for the past three years when his term is up in December 2000. The Council of Lloyd’s also announced that starting in 2001,...
Lloyd’s Chair to Resign, Position Goes Part-time
Aug 7 2000 // Max Taylor, the current chairman of Lloyd’s, will be leaving the position he has held for the past three years when his term is up in December 2000. The Council of Lloyd’s also announced that starting in 2001,...
Lloyd’s Syndicate 529 shut down
Aug 4 2000 // The license of non-marine syndicate 529 has been revoked by the Lloyd’s Regulatory Board. The action prohibits the syndicate’s managing agency, Sterling Underwriting Agencies Ltd., from underwriting or renewing...
San Diego Padres Sue Lloyd’s of London
Aug 3 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 ball club took out on the contract of pitcher Randy...
Lloyd’s Changes Role of Chairman, Max Taylor To Leave
Jul 27 2000 // Lloyd’s Chairman Max Taylor will leave the company in December due to changes enacted by the council, which will revert the position to part time beginning next year. The chairman’s role moved to full time in...
Surplus Line Brokers Gather at ‘Playground of Pacific Northwest’ for WSSLC
Jul 24 2000 // By mixing education with entertainment, Western States Surplus Line Conference (WSSLC) Two Thousand is sure to provide an ideal specialized forum for the surplus line industry. The Surplus Line Association of Idaho is...
CLOSING ARGUMENTS FOR LLOYD’S
Jul 24 2000 // The British High Court heard closing statements on July 12 in the case of Lloyd’s vs. Jaffray, in which more than 200 Names claimed they were defrauded by Lloyd’s. The Names are a portion of the group that...
