Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Hard Market Conditions Can Reward Good Risk Management Says Lloyd’s Chairman
Sep 30 2002 // Lloyd’s Chairman Sax Riley told an audience of 600 insurance professionals in Milan, Italy that the way in which business organizations manage the risks they face is becoming an increasingly important factor in the...
Corporate Members Approve a Major Course Change for Lloyd’s
Sep 30 2002 // Friday the 13th of September will henceforth be known at Lloyd’s as the day that members approved a plan that will radically alter the way the London market is conducted. Ignoring any bad luck associated with the...
Standard & Poor’s Launches New Lloyd’s Syndicate Analysis
Sep 27 2002 // Standard & Poor’s announced the launch of its Lloyd’s Syndicate Assessments (LSAs), “a new tool for analyzing the syndicates operating in the Lloyd’s of London Insurance Market.” S&P...
AAI Says P&C First-Half Results Could be Better
Sep 25 2002 // The six-month profit increase earned by property & casualty insurers reported recently by A.M. Best Co. is a step in the right direction, but conditions in the industry aren’t as rosy as such improved financials...
More Lloyd’s Investment, BRIT to Raise £204 Million in Rights Offering
Sep 24 2002 // BRIT Insurance Holdings PLC, a leading participant in the Lloyd’s market, announced plans to raise around £204million ($316 million) through a rights offering. The company plans on using the funds to increase its...
Trenwick in Deal with Berkshire Hathaway to Increase Syndicate Capacity
Sep 20 2002 // Trenwick Group Ltd. announced that it has entered into an agreement with Berkshire Hathaway to increase the total premium capacity of Trenwick Managing Agents’ Syndicate 839 at Lloyd’s for the 2002 year of...
ACE Risk Management Creates New Excess Workers’ Comp Unit
Sep 19 2002 // ACE Risk Management (ARM), part of ACE USA, announced the creation of a new unit, ARM Excess Workers’ Compensation. The ARM Excess Workers’ Compensation unit offers risk managers and brokers the ability to...
Austin Surplus Lines Selects CIS Management System
Sep 18 2002 // Custom Insurance Solutions (CIS) of San Antonio announced that Austin-based wholesale MGA, Austin Surplus Lines Agency Inc., contracted with CIS’ for its AIM Management System. Austin Surplus Lines has 80 employees...
Images of the Western States Surplus Lines Conference
Sep 18 2002 // The industry got together in Whistler, British Columbia July 25-28 for the Western States Surplus Lines Conference. Below are some images captured over those three days. Can you find yourself? Derek Borisoff of Monarch...
Lloyd’s Members Vote in Favor of Reform Proposals
Sep 14 2002 // Lloyd’s announced on Friday that 79.88 percent of those eligible to vote at an Extraordinary General Meeting on Thursday had backed the reform proposals prepared and endorsed by Lloyd’s management. The vote...
CNA Launches Specialty D&O and Fiduciary Liability Lines
Sep 10 2002 // Schinnerer & Company Inc. of Chevy Chase, Md. is now offering liability coverage to architects, engineers, land surveyors, landscape architects and specialty consultants through CNA’s E-Pack. With this newest...
Lloyd’s Members Prepare for Crucial Vote
Sep 9 2002 // As the 16,000 plus members of Lloyd’s began preparing to cast their votes for or against the reform proposals at a special meeting on Thursday, Sept. 12 (See IJ Website Aug. 30, Sept.3) Chairman Sax Riley made what...
Sept. 11 Revisited: The Future of the Industry
Sep 2 2002 // When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many more...
A Year Later, Industry Takes Stock of Itself
Sep 2 2002 // When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many more...
Lloyd’s Chairman, Deputy Comment on Reforms Consultation
Aug 30 2002 // Lloyd’s issued a bulletin yesterday commenting on the responses to its far-reaching reform proposals, indicating that their final form, which is scheduled to be voted on Sept. 12, will better reflect the consensus of...
A.M. Best Affirms Lloyd’s ‘A-‘ (Excellent) Ratings
Aug 28 2002 // A.M. Best announced that it has affirmed the financial strength rating of A- (Excellent) of the Lloyd’s market with a stable outlook. “The affirmation reflects Lloyd’s excellent business profile,...
Atlantic Mutual Announces Statutory Financial Results
Aug 21 2002 // Atlantic Mutual Companies, a New York-based mutual insurance company providing commercial and personal coverages through independent agents and brokers, announced unaudited statutory financial results for the second...
A.M. Best Affirms Rating of National Indemnity Group
Aug 20 2002 // A.M. Best Co. has affirmed the group financial strength rating of A++ (Superior) of National Indemnity Group (NIG). The rating reflects the group’s extraordinary capitalization and balance sheet liquidity, superior...
NAPSLO Interns At Work in Summer
Aug 19 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) announced that eight college student are participating in its 2002 Summer Internship Program. The interns spend five weeks during the summer working...
CNA Moves to 2ndQ profit on rising premiums
Aug 9 2002 // CNA Financial Corp. reported it swung to a second-quarter profit, able to raise prices on many of its policies. CNA, which is 87 percent-owned by holding concern Loews Corp., posted net income of $35 million, or 16 cents a...
