Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
New Lloyd’s Research Reveals Underwriters’ Industry Views and Concerns
Apr 19 2005 // Lloyd’s underwriters believe that buyers are more concerned about pricing than current insurance industry investigations – according to new research released Tuesday. The research* also reveals that...
AAMGA Technology Conference
Apr 18 2005 // Disaster Plan Waiting to Happen? MGAs Must Prepare For All Emergencies His last words of advice might have been the most important: “If you haven’t started, start small.” Not all managing general agencies...
Entrepreneurial Spirit and Trust: Marks of Today’s Successful MGA
Apr 18 2005 // An Interview with Francis Johnson, AAMGA President-Elect Francis Johnson, president of Johnson and Johnson Inc., of Charleston, South Carolina, becomes president of the American Association of Managing General Agents in...
Annual Charity Motorcycle Rally Fun Kicks Off AAMGA Conference
Apr 18 2005 // Mary Zeller, vice president and manager of Seaboard Underwriters office in Council Bluffs, Iowa, hasn’t ridden a motorcycle or a Harley-Davidson, but will play a major role in the April 29 “Managing General...
Doing the Right Thing Brings Rewards for SRA’s John Wood
Apr 18 2005 // Specialty Risk Associates, a managing general agency headquartered in Shreveport, La., has been on the move in the past several years–expanding beyond its Louisiana base into neighboring states–and has plans to...
ASH Hits Chubb with Lawsuit
Apr 15 2005 // San Diego-based American Specialty Health (ASH) has filed suit against Chubb Corp., claiming the insurer is guilty of false advertising and failure to cover ASH’s legal expenses incurred in the successful defense...
First Underwriting Profit Since 1978, Investment Gains Send Industry’s Net Income and Surplus to Record Highs
Apr 12 2005 // Benefiting from a rare profit on underwriting and investment gains, the U.S. property/casualty insurance industry’s net income after taxes rose 29 percent to a record $38.7 billion in 2004 from $30 billion in...
COO Miller Exits St. Paul Travelers for OneBeacon
Apr 11 2005 // The St. Paul Travelers Companies, Inc. today announced that T. Michael Miller, co-chief operating officer, has resigned to pursue an opportunity outside of the company. Miller is going to OneBeacon Insurance, a wholly...
