Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
How to Use Alternative Markets
Jul 18 2005 // The “hard market” conditions have been gone now for a couple of years. So, usually during “soft market” conditions one expects a lot of competition from the standard markets. This, however, is not...
Working With E&S Wholesalers: Be Nice … You’ll Need Them Again!
Jul 18 2005 // The surplus lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a temporary prosperity to the industry. The so-called “standard”...
The Industry Goes to School: Universities That Offer Insurance Degrees
Jul 18 2005 // Twenty years ago, it was nearly impossible to find colleges and universities offering degrees in insurance. Now there are many programs across the nation that offer bachelor’s degrees, concentrations, certifications...
How to Use Alternative Markets
Jul 18 2005 // The “hard market” conditions have been gone now for a couple of years. So, usually during “soft market” conditions one expects a lot of competition from the standard markets. This, however, is not...
War of the Worlds: Treasury Sees TRIA as More Hindrance Than Help
Jul 18 2005 // Bush Administration Policy Questions Need for Renewal of Federal Backstop Asked what the world would be like if there were no federal terrorism insurance backstop, the Treasury Department simply shrugged. The loss of the...
An Insurer’s Right to Reimbursement: Frank’s Casing
Jul 18 2005 // The most significant Texas insurance case this year is the Texas Supreme Court’s recent opinion in Excess Underwriters at Lloyds, et al v. Frank’s Casing Crew & Rental Tools, Inc., No. 02-0730 (Tex., May...
Working With Your E&S Wholesaler: Be Nice … You’ll Need Them Again!
Jul 18 2005 // The surplus lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a temporary prosperity to the industry. The so-called “standard”...
Carney Operators Conned: Ky. Warns of Bogus Llyod’s Policies
Jul 15 2005 // Carnival and circus owners and others involved in the amusement industry are being warned to verify the status of insurance coverage, according to the Kentucky Department of Agriculture and the Kentucky Office of...
Beazley’s New U.S. Insurance Company Earns Best’s Rating of A-
Jul 14 2005 // A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Beazley Insurance Company, Inc. (BICI) (Omaha, NE), a newly formed U.S. insurer that is part of...
ISO: U.S. P/C Industry’s First Net Gain on Underwriting Since ’78 Moves Surplus to Record High
Jul 14 2005 // Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses. Powered by the best underwriting results in almost three...
Best Affirms FSR for Lloyd’s Syndicate 1084; Outlook Stable
Jul 13 2005 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and the issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 1084 (United Kingdom). At the same time, A.M. Best has affirmed...
Lloyd’s Licenses RMS Catastrophe Modeling Software
Jul 12 2005 // Risk Management Solutions (RMS) announced that Lloyd’s has licensed the RiskLink catastrophe modeling software which will be used by the Loss Modeling team. This license agreement is a testament to the continuing...
Banks Joins Excess & Surplus Lines Insurance Brokers
Jul 7 2005 // Rebecca Banks has joined Excess & Surplus Lines Insurance Brokers Inc. as a surplus lines broker. Banks will be responsible for developing new agencies and adding new carriers for brokerage business. She has served as...
Hannover Re Exits U.S. Program Business; Clarendon to Focus on Specialty Lines
Jul 6 2005 // Germany’s Hannover Re, the world’s third largest reinsurer, announced the adoption of a new strategy for its U.S. subsidiary Clarendon at its annual “Investors Day” press conference on Friday, July...
Brown & Brown Moves Three Programs to ACE Westchester Speciality Group
Jul 5 2005 // Brown & Brown Inc. announced a program alliance with ACE Westchester Specialty Group. Effective July 1, 2005, ACE Westchester Specialty Group will provide coverage through ACE American Insurance Company and other...
AIG Excess Casualty Offers New Online Tool
Jul 5 2005 // AIG Excess Casualty, a division of the property and casualty insurance subsidiaries of American International Group Inc. (AIG), has rolled out a new online database of real-world claim scenarios designed to serve as an aid...
Target Markets Aims to Win
Jul 4 2005 // Nearly five years ago, a group of program specialists gathered in Tempe, Ariz., for the first summit meeting of a budding industry organization called the Target Markets Program Administrators Association. The brainchild...
MGAs, Program Administrators Told Selling Out May be Way to Go
Jul 4 2005 // Steve Way Has Built Giant HCC Holdings Via Acquisitions and He’s Not Done Yet Managing general agents and program administrators have an admirer with deep pockets in Steven Way. Getting some of that money might be...
What is Finite Risk Reinsurance? A Definitive Explanation
Jul 4 2005 // Recent insurance industry investigations have begun to put prior finite reinsurance transactions under a microscope, creating the need to re-examine this reinsurance product, but more importantly determine its role in the...
Best Affirms Markel’s Lloyd’s Syndicate 3000 Ratings
Jul 1 2005 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A” (Excellent) and the issuer credit rating of “a” of Lloyd’s Syndicate 3000 which is managed by Markel Syndicate...
