Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Sees Increasing Role for European Insurance Brokers
Jun 13 2003 // James Sutherland, who heads Lloyd’s Development & Strategy – Worldwide Markets, indicated that European brokers will play an increasingly powerful role in the European insurance market of the...
A.M. Best Places Ratings of Atlantic Mutual Companies Under Review with Negative Implications
Jun 9 2003 // A.M. Best Co. has placed the financial strength rating of A- (Excellent) of the Atlantic Mutual Companies (The Atlantic) (New York) under review with negative implications. Concurrently, A.M. Best has placed the...
R&SA to Sell U.S. Surplus Lines to Alleghany
Jun 9 2003 // The U.K.’s Royal & SunAlliance announced today that it has agreed to sell Royal Specialty Underwriting, Inc. (RSUI), its U.S. surplus lines division, to Alleghany Insurance Holdings LLC for “around £72...
The Ratings Game
Jun 9 2003 // Every day, agents and brokers use financial strength ratings of insurers in their business. A carrier’s ratings may affect an agent’s ability to place risks with that insurer, or the client’s willingness...
Working with Blowouts, Knock-for-Knocks and Other Oil Patch Oddities
Jun 9 2003 // One of the big issues facing small- to mid-size oil and gas operators and contractors these days is the need to determine how much risk they are willing to carry themselves and how much they want to transfer to an insuring...
Louisiana’s Jim Brown Won’t Back Down
Jun 9 2003 // What have you done in the last six months? Former Louisiana Commissioner Jim Brown lost 28 pounds, read 100 books, cooked for hundreds of people daily and squeezed in a weekly World Wide Web column between two book...
Execs Talk Future of Industry at 9th Annual ITC Forum
Jun 9 2003 // “Amateur hour is over.” Those were the words of the Sullivan Group president Gerald J. Sullivan, addressing a roomful of industry executives recently at the 9th Annual Insuring the Children Forum....
Working with Blowouts, Knock-for-Knocks and Other Oil Patch Oddities
Jun 9 2003 // One of the big issues facing small- to mid-size oil and gas operators and contractors these days is the need to determine how much risk they are willing to carry themselves and how much they want to transfer to an insuring...
Louisiana’s Jim Brown Won’t Back Down
Jun 9 2003 // What have you done in the last six months? Former Louisiana Commissioner Jim Brown lost 28 pounds, read 100 books, cooked for hundreds of people daily and squeezed in a weekly World Wide Web column between two book...
Surplus Lines and All that Jazz
Jun 9 2003 // Happy times are here again for professionals who operate in the excess and surplus lines arena—at least as far as making money goes. Rates are up, bringing commissions up with them, and in many lines the pull back of...
Surplus Lines and All that Jazz
Jun 9 2003 // Happy times are here again for professionals who operate in the excess and surplus lines arena—at least as far as making money goes. Rates are up, bringing commissions up with them, and in many lines the pull back of...
Joycette Casella Joins Western Security Surplus Brokers
Jun 6 2003 // Pasadena-based Western Security Surplus Insurance Brokers Inc. announced that Joycette A. Casella has joined as a broker. Casella will be responsible for producing new business opportunities in the commercial property and...
Lloyd’s Names Jeremy Pinchin to Head New Reinsurance & Claims Post
Jun 6 2003 // Lloyd’s of London’s Franchise Performance Director, Rolf Tolle, announced that Jeremy Pinchin, previously Special Counsel for September 11th claims, will head a newly created department of Reinsurance and...
PIANJ Updates Agency Handbook to Include New Surplus Lines Section
Jun 5 2003 // The Professional Insurance Agents of New Jersey Inc. announced that, “in response to the New Jersey Department of Banking and Insurance’s new rules and procedures for the procurement of insurance from surplus...
Calif. Business Owner Wins Appeal Against Lloyds of London
Jun 4 2003 // The California Court of Appeal recently ruled that Lloyd’s of London could not force a self-employed plumbing contractor to arbitrate his claim for bad faith denial of disability insurance benefits. Trial Lawyers for...
Best Assigns ‘A-‘ (Excellent) Rating to Lloyd’s Syndicate 2010
Jun 4 2003 // A.M. Best Co. announced that it has assigned a “Best’s syndicate rating of A- (Excellent) to Lloyd’s Syndicate 2010, managed by Cathedral Underwriting Ltd.” , with a “stable”...
Lloyd’s Chairman Urges Expansion into European Union.
May 23 2003 // Lloyd’s Chairman, Lord Peter Levene, told more than 250 senior brokers at the first Lloyd’s European Symposium, held at the Grange City Hotel in London, that now is the time for Lloyd’s to take whatever...
P&C Technology Firm Insurity Joins AAMGA
May 20 2003 // Insurity Inc., a ChoicePoint® company, headquartered in Hartford, Conn., announced that the American Association of Managing General Agents’ (AAMGA) board of directors has voted to ratify Insurity as a full-fledged...
Baltimore Technologies to Provide Security System for Lloyd’s Kinnect
May 20 2003 // Baltimore Technologies, a leading global e-security provider, announced that Hewlett Packard has chosen its “Baltimore SelectAccess (TM)” system to provide web access control and on-line security and...
NAII Lauds NJ Senate’s Move to Modify Surplus Lines Regs
May 20 2003 // The National Association of Independent Insurers has roundly approved the recent action by the New Jersey Senate in passing a bill that will bring the state in line with the rest of the country by eliminating a requirement...
