Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
More Support for Lloyd’s Business Platform Kinnect
May 12 2005 // Lloyd’s announced that three more of its leading businesses – QBE European Operations (including Lloyd’s largest managing agent Limit and its company market operations); managing agent Cathedral and,...
Specialty Underwriters Partners With Public Entity Specialist
May 12 2005 // Chicago-based wholesaler Specialty Underwriters’ Alliance Inc. announced a new partner agent contract with Specialty Risk Solutions, which is also based in the Windy City and specializes in the public entity segment...
Sullivan Joins Beazley USA for Specialty E&O
May 10 2005 // Beazley USA, a subsidiary of the U.K.-based Beazley Group, plc, a leading Lloyd’s underwriter, announced that Jerry Sullivan is joining the company as the E&O Product Leader within Specialty Lines. He will be...
La. Commissioner Returns Truck to State After Criticism
May 9 2005 // Louisiana Insurance Commissioner Robert Wooley has sent his pricey, special edition pickup truck to the state’s surplus property yard, giving up the luxury perk that provoked sharp criticism of both the state-paid...
Best: Lloyd’s Syndicate 1414 Ratings Under Review; Negative Implications
May 6 2005 // A.M. Best Co. announced that it has placed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” of Lloyd’s Syndicate 1414 under review with negative...
Lloyd’s Chairman Highlights Three Important Hurricane Lessons
May 4 2005 // Three important lessons from the 2004 hurricane season were highlighted to more than 100 insurance professionals Wednesday in Miami by Lloyd’s Chairman Lord Levene, in advance of what is predicted to be another tough...
Guy Carpenter Publishes Specialty Program Survey
May 3 2005 // Guy Carpenter & Company Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has announced the results of its premier survey of domestic insurance companies that write a...
AIG to Restate Past Financials as Internal Audit Continues; Acknowledges Lack of Internal Controls
May 2 2005 // American International Group Inc. said that it has decided to restate financials from several previous years and that preliminary results of its internal audit show its 2004 results should be reduced by $2.7 billion, or...
Lloyd’s Chairman to Address AAMGA, Discuss Challenges Facing the U.S. Market
May 2 2005 // Lloyd’s view of challenges facing the U.S. insurance market will be discussed by Lord Levene of Portsoken KBE and chairman of Lloyd’s of London in the keynote speech during the May 3 American Association of...
AAMGA Ethics Workshop Topic: Insurance Industry Pressures
May 2 2005 // “Ethics in the Wholesale Insurance Marketplace” workshops concluded on Saturday afternoon with a round-table discussion, led by Ernest Csiszar, president of the Property and Casualty Insurance Association of...
Ethics Today, Charity Motorcycle Rally Kick-off AAMGA Annual Meeting in Orlando
Apr 29 2005 // A day-long presentation and discussion about Ethics in Today’s Insurance Environment, sponsored by the R. Max Williamson Chair of Insurance and Business Ethics, kicked-off the American Association of Managing General...
Unitrin Sees Improved Q1 Numbers
Apr 28 2005 // Chicago-based Unitrin Inc. reported net income of $67.9 million ($0.99 per common share) for the first quarter of 2005, compared to net income of $48.0 million ($0.71 per common share) for the same period in 2004. Net...
The Hartford Notes 17% Gain in Q1 Net Income
Apr 28 2005 // The Hartford Financial Services Group Inc. set a new quarterly record with net income of $666 million, or $2.21 per diluted share, in the first quarter of 2005, a 17-percent increase over the prior-year period. Net income...
Lloyd’s Levene to Leave Deutsche Boerse Board
Apr 27 2005 // Deutsche Boerse, the German stock market operator, announced that Lloyd’s Chairman Lord Peter Levene would be giving up his seat on the company’s supervisory board. Levene originally agreed to take a seat on...
New Wholesale Broker Out of Houston, Texas
Apr 25 2005 // Lawrence Mennes and Stephen Vallender in association with Burnett Holdings, Inc. have announced they will form a new insurance broker -IMS Insurance Market Solutions based in Houston, Texas. IMS will be a full service,...
Louie Promoted at Access E&S Insurance
Apr 21 2005 // La Mesa, Calif.-based Access E&S Insurance Services has promoted Roxanne L. Louie to the position of broker. She will be responsible for marketing and placement of new commercial business, including packages,...
The Midland Co. Notes Record-Setting Q1
Apr 21 2005 // The Midland Company, a Cincinnati-based provider of specialty insurance products and services, announced record results for the first quarter ended March 31, 2005. Net income for the quarter was a record $21.5 million, or...
Lloyd’s Celebrates 20 Years of Support to Univ. of Ky. Veterinary Science Department
Apr 21 2005 // Lloyd’s of London is celebrating its 20th anniversary as a supporter of the University of Kentucky in Lexington. Since the mid-1980s, Lloyd’s of London underwriters, brokers and their Kentucky agents have given...
Best Affirms Rating for Lloyd’s Syndicate 2010
Apr 20 2005 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 2010 (United Kingdom), which is managed by Cathedral Underwriting...
Specialty Underwriters’ Alliance Unveils Collateral Recovery Program Through AEON
Apr 20 2005 // Specialty Underwriters’ Alliance Inc., a property and casualty insurer, announced the implementation of its collateral recovery customer class through its partner agent, AEON Insurance Group. Collateral recovery is...
