Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Managing the Cycle
Nov 11 2002 // Much has been written in the insurance press lately about the cyclical nature of the insurance industry. Now the market is hard, or hardening. For most of the 1990s stock markets boomed, the insurance market softened and...
Airlines Look to Provide Their Own War and Terrorist Coverage
Nov 11 2002 // More than a year after Sept. 11, the U.S., the European Union (EU) and many other countries are still working on ways to provide adequate insurance coverage for their air carriers. While several plans have been suggested,...
Lloyd’s Syndicate Rated ‘A’
Nov 11 2002 // A.M. Best Co. assigned a syndicate rating of “A” with stable outlook to Lloyd’s Syndicate 510, managed by R. J. Kiln & Co. Ltd. The rating reflects the syndicate’s excellent current and...
Argonaut Taps Pilkington To Lead E&S Group
Nov 8 2002 // Argonaut Group Inc., based in San Antonio, announced the appointment of Dale H. Pilkington as president of Colony Insurance Group, the company’s Excess and Surplus (E&S) lines operation. Pilkington, who has most...
Argonaut Group’s 3Q Results Show Underwriting Improvements
Nov 7 2002 // Announcing financial results for the three- and nine-month periods ended Sept. 30, 2002, San Antonio-based Argonaut Group Inc. said for the third consecutive quarter, the group reported positive and improved operating...
Lord Levene Takes Over as Lloyd’s Chairman
Nov 6 2002 // Lord Peter Levene of Portsoken was unanimously confirmed today by the Council of Lloyds as the 61st Chairman of Lloyd’s, and the first one from outside the London market in its 314 year history. He was selected last...
Trenwick in Deal with Berkshire Hathaway for Lloyd’s Support
Nov 5 2002 // Bermuda-based Trenwick Group Ltd. announced that it has concluded an agreement with National Indemnity Company, a member of Warren Buffet’s Berkshire Hathaway group, to provide Trenwick’s Lloyd’s...
Trenwick to Cease Underwriting U.S. Specialty Program Insurance
Oct 31 2002 // Bermuda-based Trenwick Group Ltd. announced today that it will cease underwriting U.S. specialty program insurance business effective immediately. The news follows the announcement of an agreement to create an underwriting...
Trenwick to Halt Underwriting U.S. Specialty Program Insurance
Oct 30 2002 // Bermuda-based Trenwick Group Ltd. announced that it would cease underwriting its U.S. specialty program insurance business effective immediately. Operating under the name Canterbury Financial Group Inc. and through its...
Lloyd’s Leads the Way to Profitable Industry
Oct 29 2002 // “Too many of us believe that the insurance market is dictated to by the insurance cycle.” Those were the words of Julian James, director of Worldwide Markets at Lloyd’s of London. James spoke before a...
A.M. BEST E&S REVIEW REPORTS 35 PERCENT INCREASE IN DIRECT PREMIUM VOLUME
Oct 28 2002 // The U.S. excess and surplus lines market reported a 35 percent increase in direct premium volume in 2001, according to the “Annual Review of the Excess & Surplus Lines Industry-September 2002,” released by...
NAPSLO PRESENTS ASLI ACADEMIC AWARDS
Oct 28 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) recognized the top four graduates of the Associate in Surplus Lines Insurance (ASLI) program at its annual convention in Boston, Mass. Andrew Frazier,...
A.M. Best Affirms Ratings, Removes State Farm’s Calif., Texas Subsidiaries From Under Review
Oct 28 2002 // A.M. Best Co. has affirmed the financial strength ratings of B+ (Very Good) for two separately rated subsidiaries of State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company (both of...
Lloyd’s Syndicate Rating at ‘A-‘
Oct 28 2002 // A.M. Best Co. has affirmed the Best’s syndicate rating of “A-” of Lloyd’s syndicate 1243, which is managed by Euclidian Underwriting Limited, U.K. The outlook is stable. The rating reflects the...
Survival in the Homeowners Market Takes Preparation
Oct 28 2002 // Be prepared.” Personal lines agents would do well to take that time-tested Scout motto to heart during these troubled times in the Texas homeowners market. Already inundated with calls from folks who are having a...
Survival in the Homeowners Market Takes Preparation
Oct 28 2002 // Be prepared.” Personal lines agents would do well to take that time-tested Scout motto to heart during these troubled times in the Texas homeowners market. Already inundated with calls from folks who are having a...
Zurich, Lloyd’s to Pay $13 Million Settlement in Calif. Freeway Accident
Oct 24 2002 // 39-year-old Philip Dohrman will receive a $13 million settlement stemming from a legal dispute with trucking company Allied Systems Ltd. and a tire servicing firm, according to the Associated Press. Dohrman, of Huntington...
New Mexico Judge Upholds Lloyd’s Claims Against “Names”
Oct 15 2002 // Judge Lorenzo Garcia of the U.S. District Court in Albuquerque New Mexico has upheld the ruling of a U.K. court in favor of Lloyd’s claims for a total of $2.8 million from six American investors, or...
NAPSLO Presents ASLI Academic Awards
Oct 10 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) recognized the top four graduates of the Associate in Surplus Lines Insurance (ASLI) program at its annual convention in Boston, Mass. Andrew Frazier,...
AXIS Specialty Completes Acquisition of Connecticut Specialty
Oct 8 2002 // Bermuda’s AXIS Specialty Limited announced that it has completed the acquisition of Connecticut Specialty Insurance Company, which will be renamed AXIS Specialty Insurance Company (ASI). The Connecticut-based surplus...
