Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Cigna HealthCare Settles Lawsuits
Dec 14 2004 // Cigna HealthCare has settled lawsuits brought on behalf of a nationwide class of specialty health care providers and certain state and national associations by promising, among other things, to establish an $11.55 million...
Aspen Specialty Insurance CEO Out
Dec 13 2004 // Aspen Insurance Holdings Ltd. on Monday announced that it has accepted the resignation of Peter Coghlan, president and CEO of Boston-based Aspen Specialty Insurance Company, a wholly-owned subsidiary. Coghlan resigned...
Singer to Lead CNA E&S
Dec 10 2004 // Chicago-based commercial insurer CNA Financial Corp. announced that Raye Singer has joined CNA insurance companies as vice president of CNA Excess & Surplus Lines. CNA E&S is written through Columbia Casualty...
Levene to Serve 2nd Term as Lloyd’s Chairman
Dec 8 2004 // Lloyd’s announced that Lord Peter Levene of Portsoken is to serve a second term as its Chairman. He became Lloyd’s 61st Chairman, for a minimum term of three years in November 2002, and has accepted an...
Prime Authorized to Write Surplus Lines in Washington
Dec 7 2004 // Sandy, Utah-based Prime Insurance Syndicate Inc. announced that it has received approval to write surplus lines insurance business in the state of Washington effective as of Nov. 1, 2004. Prime, which offers solutions for...
Partners Continue to Come and Go, But It’s a Great Time to Jump in the Game
Dec 6 2004 // Partners Continue to Come and Go, But It’s a Great Time to Jump in the Game Program business over the past 10-15 years has been a rocky road for the insurance industry. Companies are in the game today, but gone...
Surplus Lines Liability Products
Dec 6 2004 // Nuts & Bolts: Noodle Specialty Brokers (NSB) has made available surplus lines liability products from a nonadmitted carrier rated “A+ XV.” The products are available via appointed wholesalers in 17 states...
S.D. Court Rules on When Umbrella Kicks in as Excess Coverage
Dec 6 2004 // Deciding an issue never settled before in South Dakota, the state Supreme Court said that secondary, umbrella insurance does not kick in until another insurer’s primary coverage has paid its full limit. The unanimous...
Surplus Lines Liability Products
Dec 6 2004 // Nuts & Bolts: Noodle Specialty Brokers (NSB) has made available surplus lines liability products from a nonadmitted carrier rated “A+ XV.” Wholesalers offer the products in 17 states and the District of...
Friends + Cars = Specialty Market Success
Dec 6 2004 // Steve Marlin is in the driver’s seat of the collector-car market in Long Island. In 1999, the Deer Park, N.Y., agent (whose passion for cars led him to the presidency of the local Corvette collectors’ club)...
Surplus Lines Liability Products
Dec 6 2004 // Nuts & Bolts: Noodle Specialty Brokers (NSB) has made available surplus lines liability products from a nonadmitted carrier rated “A+ XV.” The products are available via appointed wholesalers in 17 states...
Friends + Cars = Specialty Market Success
Dec 6 2004 // Steve Marlin is in the driver’s seat of the collector-car market in Long Island. In 1999, the Deer Park, N.Y., agent, whose passion for cars led him to the presidency of the local Corvette collectors’ club,...
FOCUS ON THE FUTURE: Come 2014, Industry Should Look Very Familiar
Dec 6 2004 // 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...
