Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Endurance Specialty Holdings Names Bell Pres. of Bermuda Subsidiary
Mar 6 2003 // Endurance Specialty Holdings named Thomas Bell as president of its Bermuda operating subsidiary, Endurance Specialty Insurance Ltd. (Endurance Specialty). Bell, who joined Endurance Specialty in December 2001 as executive...
Calif. Commissioner Orders SCIF to Reduce Broker Commissions
Mar 4 2003 // Calif. Insurance Commissioner John Garamendi held a press conference March 3 addressing the workers’ compensation crisis in California. Specifically, Garamendi proposed a seven point plan to return State Compensation...
Calif. Commissioner Orders SCIF to Reduce Broker Commissions
Mar 3 2003 // Calif. Insurance Commissioner John Garamendi held a press conference March 3 addressing the workers’ compensation crisis in California. Specifically, Garamendi proposed a seven point plan to return State Compensation...
Arch Capital Group Ltd. Unveils 4thQ, 2002 Numbers
Feb 25 2003 // Bermuda-based Arch Capital Group Ltd. reported that net premiums written for the 2002 fourth quarter were $439.2 million, of which the company’s reinsurance and insurance operations contributed net premiums written...
Lloyd’s Chairman Sees Industry at a “Crossroads”
Feb 12 2003 // “The insurance industry is facing a series of critical choices in the near future,” stated Lloyd’s Chairman Lord Levene, speaking before an audience of 130 insurance professionals at the Conrad Hotel in...
PIWA Specialty Markets Directory Available Online
Feb 12 2003 // The Professional Insurance Wholesalers Association of New York State Inc. and the Professional Insurance Agents of New York State Inc. announced that the 2003 Specialty Markets Directory is now available...
Lloyd’s Joins WTC Lawsuit in Support of “One Occurrence” Assertion
Feb 10 2003 // Twenty Lloyd’s Syndicates filed a brief with the U.S. Court of Appeal on Friday in support of Swiss Re, Travelers and other insurance companies in their battle with Silverstein Properties over whether the destruction...
John Coldman and Bronek Masojada Re-elected as Lloyd’s Deputy Chairmen
Feb 10 2003 // Lloyd’s announced that John Coldman and Bronek Masojada have been re-elected as deputy chairmen for a further year at a meeting of the Council of Lloyd’s held last Tuesday February 4. Coldman is Chairman of...
Arch Insurance Introduces New Excess Liability Capacity
Feb 4 2003 // Arch Insurance (Bermuda), a division of Arch Reinsurance Ltd., announced the expansion of their excess liability capacity from $25 million to $40 million. “This additional capacity comes at a time when our clients...
Lord Levene Stresses Lloyd’s Certainty to Risk Managers; Appointments Announced
Jan 30 2003 // Lloyd’s Chairman, Lord Levene, speaking to the Association of Insurers and Risk Managers (AIRMIC) at the Institute of Directors in London, described Lloyd’s as “a beacon of certainty in an uncertain...
Max Re Launches Excess General Liability Insurance Unit
Jan 29 2003 // Bermuda-based Max Re Capital Ltd. announced that its subsidiary, Max Re Ltd., has launched a new business unit to provide excess general liability insurance. Angelo M. Guagliano, formerly an executive with XL Insurance...
A.M. Best Affirms Ratings for Aon’s Underwriting Subsidiaries
Jan 28 2003 // A.M. Best Co. has affirmed the A (Excellent) financial strength ratings of Chicago-based Aon Corporation’s key insurance underwriting subsidiaries and removed the ratings from under review. The ratings were placed...
How to Find New Markets
Jan 27 2003 // For the past 23 years, the Insurance Journal has published the annual Directory of Excess, Surplus and Specialty Markets. This issue is a resource for independent agents and brokers to help them find the markets they need....
How to Find New Markets
Jan 27 2003 // For the past seven years, the Insurance Journal has published the annual Directory of Excess, Surplus and Specialty Markets. This issue is a resource for independent agents and brokers to help them find the markets they...
Lloyd’s Accredits, Canadian, Italian Brokers
Jan 24 2003 // Lloyd’s announced that it has recently accredited Canada’s Beach & Associates Ltd. and Italy’s Aon Italia Srl as the first new brokers to be given full access to the Lloyd’s market in...
NAII Says R.I. Lead Hazard Regulation Should Exclude Surplus Lines Insurers
Jan 20 2003 // According to the National Association of Independent Insurers (NAII), The Rhode Island Department of Business Regulation (RIDBR)’s Regulation 101 should be rewritten to specifically exclude surplus lines insurers,...
EC to Decide Whether to Charge U.K. on Lloyd’s Regulation
Jan 20 2003 // The European Commission, the top regulatory body of the European Union, is reportedly set to decide on Tuesday whether to file formal charges against the U.K. for failing to apply EU regulatory standards to the...
Lloyd’s Chairman Notes U.S. Premium Income Rises to New High of $8.2B
Jan 16 2003 // In his inaugural speech as Chairman of Lloyd’s of London, Lord Levene confirmed that the U.S. continues to be Lloyd’s largest single market accounting for approximately 40 percent of its business. He announced...
To Catch a Thief-State DOI’s Work Hard to Keep Agents in Line
Jan 13 2003 // A quick browse through the Web sites of state insurance commissioners across the country on any given day in any given year, is bound to turn up at least one account of regulators cracking down on an insurance agent for a...
Xchanging Launches Enhanced Claims Review -ECR- Service
Jan 9 2003 // Business Process Outsourcing company Xchanging announced the launch of the second phase of its ECR Service to review non-moving claims files for the Lloyd’s market for years of account 1993 onwards. A regular review...
