Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
The Hartford Introduces Universal Excess Policy
Jan 20 2005 // The Hartford Financial Services Group Inc. has introduced Universal Excess, a new excess insurance policy that fits over directors & officers liability, fiduciary liability, employment practice liability,...
Lloyd’s Moving to MoMA Office Tower in N.Y. City
Jan 19 2005 // Lloyd’s of London is moving its New York City headquarters to The Museum of Modern Art’s new office tower. Designed by the internationally acclaimed architect, Yoshio Taniguchi, the boutique office tower has...
Lloyd’s Chairman Warns Insurers 2005 Will Be Critical For Rebuilding Industry’s Reputation
Jan 13 2005 // A record year of natural disaster losses and Eliot Spitzer’s investigations into payment practices highlighted the urgent need for the insurance industry to tackle its reputation and practices during 2005, Lord...
Surplus Line Premiums Top $5.5 Billion
Jan 11 2005 // Ted Pierce, executive director of the Surplus Line Association of California (SLA) released the annual filed premium analysis demonstrating that $5,518,895,627 in surplus line insurance premiums were processed in 2004. The...
Western Security Surplus to Sponsor Los Angeles, Dallas Regions for Initial Insurance Journal Online Seminar
Jan 10 2005 // California-based Western Security Surplus will serve as a sponsor when Insurance Journal debuts the first in a series of “How to Write” online video seminars Thursday, Jan. 20, 2005. Western Security Surplus...
Shakeup in ACE U.S.A. Management – Rivera Resigns; Dowd New CEO; Lupica, Crosby Named to Key Posts
Jan 6 2005 // ACE Limited announced from its Bermuda headquarters a $298 million reserve strengthening (See related article in “International” section) and some major management changes in its U.S. operations. Brian E. Dowd,...
Focus on the Future: Come 2014, Industry Should Look Very Familiar
Jan 3 2005 // Ten years from now, some of the players within the property/casualty insurance industry will have changed but the industry itself will not look dramatically different from what it is today: Smaller companies and...
2003-2004 California Year-End Legislative Repo
Jan 3 2005 // A summary of the most important legislation affecting the industry in the New Year The historic recall of Gray Davis and election of Arnold Schwarzenegger as governor of California set the tone for the 2004 legislative...
Lloyd’s Statement on Asian Tidal Waves
Dec 31 2004 // Lloyd’s has issued a bulletin expressing the London market’s solidarity with the victims of the Indian Ocean tidal waves, stating: “Our thoughts are with the people who have been affected by this tragedy....
Fla.-Based Brown & Brown Acquiring American Specialty
Dec 28 2004 // Brown & Brown Inc. has announced an agreement to acquire the assets of American Specialty Cos. Inc. of Roanoke, Ind., for an undisclosed amount. The company has about $13 million in annual revenue. The deal...
Best Affirms Members of Quanta Capital Ratings
Dec 23 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Bermuda-based Quanta Reinsurance Ltd. (Quanta Re) and its three strategic pooled subsidiaries: Quanta...
Saunders to Head Navigators Excess Casualty Unit
Dec 22 2004 // Navigators Management Company, a subsidiary of The Navigators Group, Inc., announced the formation of a new unit to expand its excess casualty business, specializing in commercial excess and umbrella liability...
Specialty Underwriters’ Alliance Underwriters Exercise IPO Over-Allotment Option
Dec 21 2004 // Dallas-based Specialty Underwriters’ Alliance Inc. announced that Friedman, Billings, Ramsey Group Inc., William Blair & Company and Cochran, Caronia & Co., as managing underwriters and representatives of...
Industry Sees First 9-Month Net Gain on Underwriting in Nearly Two Decades
Dec 20 2004 // Benefiting from profits on underwriting, the U.S. property/casualty insurance industry’s net income after taxes rose 28.3 percent to $26.7 billion in the first nine months of 2004 from $20.8 billion in the first nine...
Best Affirms Lloyd’s Syndicates 623 and 2623 Ratings; Beazley Group Ratings
Dec 17 2004 // A.M. Best Co. announced that it has affirmed its Syndicate Rating of “A “(Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 623 and Lloyd’s Syndicate 2623, which...
Lloyd’s Announces $26.5 Billion Capacity for 2005
Dec 17 2004 // The Lloyd’s market announced that it expects to have the capacity to underwrite £13.7 billion ($26.5 billion) of business in 2005. The amount in pounds sterling represents a 9 percent overall decrease from last...
Best Affirms Lloyd’s Syndicate 958 ‘A’ Rating
Dec 17 2004 // 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 958, which is managed by Omega Underwriting...
Best Assigns Ratings to United National’s Wind River Companies; Removes from Review Status
Dec 16 2004 // A.M. Best Co. announced that it has assigned financial strength ratings of “A-” (Excellent) to Wind River Insurance Company, Ltd. based in Hamilton, Bermuda, and “A” (Excellent) to Wind River...
Al Risk Updates ProgramConnect
Dec 16 2004 // The AI Risk division of Risk Specialists Companies Inc., a member company of American International Group Inc. (AIG), announced the expansion of AI Risk ProgramConnect (ProgramConnect), an online specialty lines quote and...
S&P Raises Endurance Specialty Outlook to Positive; Affirms Ratings; Company Comments
Dec 14 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Bermuda-based Endurance Specialty Holdings Ltd. and its subsidiaries (Endurance Specialty Insurance Ltd., Endurance Worldwide...
