Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s “Chest Hair” Policy Makes News
Jun 17 2004 // Nearly every news service in the world has picked up on the story about Lloyd’s underwriter Jonathan Thomas, who created a policy covering the loss of an unnamed male model’s chest hair. Thomas, who underwrites...
AmWINS Appoints Vaccaro as Specialty Underwriting Division President
Jun 16 2004 // Charlotte, N.C.-based American Wholesale Insurance Group (AmWINS), one of the nation’s largest independent wholesale insurance broker, has announced the appointment of Stephen J. Vaccaro Jr. as president of its...
Moossmann Named President of Specialty Business at Fireman’s Fund
Jun 15 2004 // Art Moossmann has been named president, Specialty Insurance at Novato, Calif.-based Fireman’s Fund Insurance Company. The Specialty business combines the company’s marine business lines with its excess and...
American E&S Appoints Ray as VP
Jun 15 2004 // Denis Brady, president and CEO of American E&S Insurance brokers, announced that Pascal Ray has joined AES as vice president and will be opening an office in Houston, Texas. Ray has over 18 years experience in...
Lloyd’s Reports Progress on Implementing LMP Slips
Jun 10 2004 // Lloyd’s has released its first report on slip quality since mandating the use of the LMP (London Market Principles) slip at the start of the year. The study analyzes overall market performance, using a balanced...
Wellington to Acquire AXA’s U.S. Specialty Lines
Jun 9 2004 // London-based Wellington Underwriting plc, a major Lloyd’s underwriter, has announced plans for expansion into U.S. Specialty business through the proposed acquisition of AXA Corporate Solutions Excess and Surplus...
ISO’s Coyne: Survival May Be Greatest Challenge for Many P/C Insurers
Jun 8 2004 // With all signs pointing to increasing competition in U.S. property/casualty markets, the most important challenge many insurers face may be survival itself, an industry leader said Tuesday. In remarks at the 76th Annual...
FLORIDA SURPLUS LINES CONVENTION TAKES A CRUISE:
Jun 7 2004 // The Florida Surplus Lines Association will hit the waves at its 44th Annual Convention, July 29 – Aug. 2, 2004. For the first time, the convention will take place on a four-night cruise out of Ft. Lauderdale, Fla. To...
Commercial Liability With Excess Limits
Jun 7 2004 // Nuts & Bolts: AIG Excess Casualty introduced AIG ExcessPrime, a $25 million commercial liability program that provides insureds with additional excess limits. AIG ExcessPrime is designed to sit in excess of $50...
New Program for Specialty Trade Contractors Launched
Jun 2 2004 // A new group of territorial program administrators has introduced a program for specialty trade contractors involved in commercial and residential construction. The group, Construction Insurance Solutions (CIS), is...
New Surplus Lines Brokerage Formed in California
May 24 2004 // Lionheart Insurance Services, a new surplus lines brokerage based in Calabasas, Calif., was recently formed. Lionheart will specialize in writing business for artisan contractors, apartments and restaurants, products...
Lloyd’s Issues 2003 Annual Report
May 21 2004 // Lloyd’s has issued its 2003 Annual Report, giving details of the year’s results, and describing the London market’s general financial condition and future prospects. The introduction described 2003 as a...
S&P Affirms AFG Ratings; Raises Outlook
May 19 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on American Financial Group Inc. and the members of the Great American Insurance Co. pool, the Republic Indemnity Co. pool, the...
Lloyd’s to Donate $300,000 to NAPSLO Education Fund
May 18 2004 // Lloyd’s announced that it will donate $300,000 to the Derek Hughes/NAPSLO Educational Foundation, Ltd. to encourage the educational development of students and professionals interested in the excess and surplus lines...
Excess Line Association of N.Y. Elects Directors
May 17 2004 // The Excess Line Association of New York (ELANY) announced the results of it recent board elections at its annual members meeting on May 6, 2004 in Pearl River, New York. The newly elected directors are Kurt C. Bingeman of...
Houston Casualty Co. Affirmed
May 17 2004 // Standard & Poor’s Ratings Services affirmed its “AA” counterparty credit and financial strength ratings on Houston Casualty Co., Avemco Insurance Co., U.S. Specialty Insurance Co., HCC Specialty...
Lloyd’s Appoints Battmann Representative in Spain
May 13 2004 // As part of its ongoing efforts to strengthen its presence in the European insurance market, Lloyd’s announced that it has appointed David Battman as a full-time representative, as part of its strategy to expand in...
Lloyd’s Authorized to Conduct Business in 8 New EU Member Countries
May 10 2004 // Lloyd’s Chairman Lord Peter Levene announced that the U.K.’s Financial Services Authority (FSA) has given Lloyd’s authorization to write direct business in eight of the new European Union accession...
AIG Excess Casualty Unveils AIG ExcessPrime
May 10 2004 // AIG Excess Casualty, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), has introduced AIG ExcessPrime, a $25 million commercial liability program that provides insureds with...
OneBeacon Joins E&S Property Market
May 6 2004 // OneBeacon Insurance Group LLC, a wholly owned subsidiary of White Mountains Insurance Group Ltd. announced its entry into the excess and surplus lines property business through its new OneBeacon Specialty Property...
