Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Surplus lines ready for some uncertainty
Feb 6 2006 // The surplus lines market remains alive, healthy and stable. Few argue with the success of this niche-based market, which has risen from 4 percent in 1984 to almost 15 percent of the insurance market in 2005. The National...
Lloyd’s disconnects troubled Kinnect technology
Feb 6 2006 // Ultimately “all the King’s horses and all the King’s men” couldn’t put Kinnect together again. The King’s men in this case being the management of Lloyd’s, who have finally thrown...
What happens when the excess carrier goes under
Feb 6 2006 // Analysis of one typical large company’s 65 years of excess casualty programs turns up disturbing news. More than half of the 49 carriers that participated on this corporation’s excess programs are now insolvent...
D&O EXCESS LIMITS UP BUT PREMIUMS DOWN
Feb 6 2006 // Directors and officers liability insurance capacity leveled off at about $1.5 billion in 2005, about where it was in 2004, while coverage restrictions continued to ease, according to D&O Liability 2005 Survey...
6 Virginia’s new highway plan
Feb 5 2006 // Gov. Tim Keane explains why drivers will pay 6 N.J. looks back at claims-made Court allows policy where insured declined retroactive rider 6 Welders forge Maryland liability victory Pollution exclusion does not encompass...
People
Feb 5 2006 // Dianne Morris of Austin, Texas, has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT) for 2006-2007. Morris is president of the Association Casualty Insurance Company. She succeeds...
E&S Market
Feb 5 2006 // The surplus lines market remains alive, healthy and stable. Few argue with the success of this niche-based market, which has risen from 4 percent in 1984 to almost 15 percent of the insurance market in 2005. The National...
Lloyd’s disconnects troubled Kinnect technology
Feb 5 2006 // Ultimately “all the King’s horses and all the King’s men” couldn’t put Kinnect together again. The King’s men in this case being the management of Lloyd’s, who have finally thrown...
D&O excess limits up but premiums down
Feb 5 2006 // Directors and officers liability insurance capacity leveled off at about $1.5 billion in 2005, about where it was in 2004, while coverage restrictions continued to ease, according to D&O Liability 2005 Survey...
SPECIAL REPORT: Commercial Umbrella
Feb 5 2006 // Insolvencies have left numerous corporations with uncollectible excess casualty claims and no recourse but to pay these large claims out of company coffers. What happens when the excess carrier goes under To avoid high...
Lloyd’s to Sue Aon, Benfield Over Central Fund Policy
Feb 3 2006 // Lloyd’s is on the verge of initiating formal legal proceedings against two of its largest brokers, Aon and Benfield, over the Central Fund reinsurance policy they negotiated with a group of six insurers in 1999. The...
Lloyd’s Faraday Announces Underwriting Appointments
Feb 2 2006 // Faraday Group, the broker-focused Lloyd’s managing agent and London-based reinsurance group, announced the approval of the appointments of Mark Rayner and Paul Ceurvorst as joint Chief Underwriting Officer and Active...
Best Assigns ‘A’ Ratings to SVB’s Lloyd’s Syndicates 2147 & 1007
Feb 1 2006 // In two separate announcements A.M. Best Co. said it has assigned a Best’s Syndicate Rating of “A” (Excellent) and an issuer credit rating (ICR) of “a” to Lloyd’s Syndicate 2147 and...
Guy Carpenter Unveils Report on Jan. 1 Property Reinsurance Renewals
Jan 31 2006 // Guy Carpenter & Company Inc. reported the publication of Property Specialty Update – 1 January 2006 Renewal Season Overview, an in-depth report on the Jan. 1, 2006 property renewal season. The study, which...
Specialty Global Unveils Miscellaneous E&O Program with Everest
Jan 31 2006 // Specialty Global Insurance has launched its nationwide miscellaneous E&O program with Everest Indemnity Insurance Company, a member of the Everest Re Group Ltd. As Everest’s underwriting and claims manager for...
California Surplus Line Association Elects New Officers
Jan 31 2006 // The Surplus Line Association of California’s (SLA) elected new officers at its Annual Meeting held in Northern California on January 24 and in Southern California on Jan. 26, 2006. New officers include: chairman...
Brit’s Douetil to Head Lloyd’s Market Reform Group
Jan 30 2006 // Lloyd’s announced that Dane Douetil, Chief Executive of Brit Insurance Holdings PLC, has been appointed as the new head of the Market Reform Group (MRG), the body responsible for process reform and modernization in...
Mass. Economic Warning: Insurance Market Short on Capital
Jan 27 2006 // Massachusetts is facing a shortage of insurance capital that could jeopardize the state’s entire economy, especially if a major storm hits the metropolitan Boston area, the Commonwealth’s insurance regulator is...
Lloyd’s Leaders Participate in Davos Panel Discussion on Global Risks
Jan 27 2006 // The Lloyd’s delegation, currently attending the World Economic Forum in Davos, Switzerland, will be part of a panel discussion examining one of the “three main themes of the event -” the rise in global...
D&O Liability Premiums Fall for Second Straight Year, Tillinghast Survey Says
Jan 26 2006 // Directors and officers liability insurance average premium index dropped another 9 percent in 2005 after dropping 10 percent in 2004, while half of all public and private companies have received D&O inquiries from...
