Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
BIG CHANGES FOR LLOYD’S
Jun 12 2000 // Last October, Lloyd’s produced a working document entitled “Developing Broker Relationships,” which proposed sweeping changes in the accreditation and regulation of Lloyd’s brokers. Now the results...
Lloyd’s Survey Reveals Lack of E-Commerce Coverage
Jun 8 2000 // A Lloyd’s study based on a survey at the recent annual conference of the Association of Risk Managers in Birmingham England, has revealed that 75 percent of the companies surveyed had no coverage against damages...
Lloyd’s Taylor Warns Insurers And Health Care Providers
Jun 6 2000 // Lloyd’s Chairman Max Taylor in a speech at the annual conference of the Physician Insurer Association of America (PIAA) said that the crisis in health coverage was becoming more serious, and that insurers and health...
Lloyd’s of London Presents Strong Case
Jun 5 2000 // For over two months, Lloyd’s of London has been presenting evidence in the Jaffray case before Mr. Justice Cresswell in London defending itself against allegations of fraud made by over 200 “Names”....
Lloyd’s ‘A’ Rating Affirmed/Outlook Negative
May 29 2000 // Lloyd’s “A” rating and financial size category of XV were affirmed by A.M. Best. However, the rating continues to carry a negative outlook. While the rating is applicable to the business written by 122...
AAMGA Members focus on Education, Honoring Industry Leaders
May 29 2000 // Attendees at this year’s Association of Managing General Agents (AAMGA) Annual Meeting in Orlando were treated to four days full of networking and educational opportunities-not to mention illuminating speakers and...
Lloyd’s Presents Strong Defense Against Names in Jaffray Case
May 29 2000 // For the past two months, Lloyd’s has been presenting evidence in the Jaffray case before Mr. Justice Cresswell in London, defending itself against allegations of fraud made by more than 200 “Names” (IJ...
Lloyd’s To Adopt New Standards For Brokers – Opening London Market
May 25 2000 // Last October Lloyd’s produced a working document entitled “Developing Broker Relationships,” which proposed sweeping changes in the accreditation and regulation of Lloyd’s brokers. Now the results...
Lloyd’s Won’t Explore Swissair Crash Site
May 24 2000 // Following negative reaction from family members and local authorities, Lloyd’s reversed its decision to explore the site of the 1998 Swissair crash off Nova Scotia. In a brief announcement Lloyd’s apologized...
Lloyd’s To Search Air Crash Site
May 22 2000 // Lloyd’s of London has obtained permission from the Canadian government to search the seabed at the site of the Swissair MD-11 that crashed off the coast of Nova Scotia in September 1998, killing all 229 people...
Lloyd’s Amlin Plc Posts Profit For 1999
May 19 2000 // Not all Lloyd’s underwriters are losing money. Amlin Plc, reporting on an annual basis for the first time, posted a 1999 pre-tax profit of £18.3 million ($27 million). Amlin owns 57.8 percent of three Lloyd’s...
Lloyd’s Publishes New Statistical Guide
May 18 2000 // Lloyd’s has announced publication of “Statistics Relating to Lloyd’s 1999”, compiled and produced by its Market Reporting & Solvency Department. The guide “provides information on...
E-Commerce initiative Work to Steadily Transfirm the Industry
May 15 2000 // Insurers have been inundated by a flood of e-commerce initiatives and cataclysmic scenarios about the transformation which technology is set to bestow (or impose) on the industry. The reality becomes clearer every day....
Head of Kiln Plc Sees Rate Increases in Lloyd’s Market
May 12 2000 // David Gilchrist, Chairman of Lloyd’s vehicle Kiln Plc, which owns 46 percent of four Lloyd’s syndicates, told Reuters News Agency that despite 1999 losses of £6.7 million ($10.4 million) he “expects to...
Expert Witness For Lloyd’s Rejects “Names” Claims in Jaffray Suit
May 11 2000 // Keith Rayment, an expert witness called by Lloyd’s to testify on its behalf, strongly disagreed with one of the key allegations made by Names in the ongoing Jaffray case in London – that Lloyd’s concealed...
Arizona’s Surplus Line Premium Volume up in 1999
May 11 2000 // According to figures released by the Surplus Line Association of Arizona, written surplus line premium volume in the state totaled $106.9 million in 1999, compared with $90.2 million in 1998–an increase of 18.5...
Lloyd’s Keeps A.M. Best’s A (Excellent) Rating With Continued Negative Outlook
May 2 2000 // The losses at Lloyd’s, actual and projected, were not deemed serious enough, as yet, to warrant any change in Lloyd’s A (Excellent) rating by A.M. Best. It affirmed Lloyd’s capital strength, based on the...
AAMGA Outgoing President Takes Changing Marketplace in Stride
May 1 2000 // It was the eve of a major trade association event, the annual convention of the American Association of Managing General Agents. AAMGA Outgoing President James A. Roe, president of Arlington/Roe &Co. Inc. in...
AAMGA Members Set to Convene in the Florida Sunshine
May 1 2000 // Follow Your Dreams” will be the theme at the 74th annual meeting of the American Association of Managing General Agents (AAMGA) to be held at the Hyatt Regency Grand Cypress in Orlando, Fla. from May 7-11,...
LLoyd’s “MWD”- Opening the London Market
Apr 28 2000 // Just months after its launch last January, the Market Wordings Data Base (MWD) has begun to fulfill its role in unifying and modernizing the London insurance market. MWD provides a database with more than 8,000 entries...
