Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
TSLA to Focus on Rules Following Agency Licensing Bill Passage
Jul 9 2001 // While the primary goal of the year’s top agenda item – a revised agency licensing law – for Texas Surplus Lines Association may have been met, much work still remains to be done. Association officials...
A.M. Best Affirms Lloyd’s Rating
Jul 6 2001 // A.M. Best Co. affirmed the “A” (Excellent) rating of Lloyd’s and its financial size category of XV. The rating continues to carry a negative outlook. According to A.M. Best, the affirmation of the rating...
QBE To Realign Lloyd’s Syndicates, Increase Capacity
Jun 27 2001 // Australia’s QBE announced that it plans to rearrange its interests in several Lloyd’s syndicates managed by its wholly owned subsidiary Limit plc, and will increase their underwriting capacity. The syndicates...
Q1 Results: P/C Industry Premiums Up; Net Income, Surplus Down
Jun 27 2001 // The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office Inc. (ISO) and...
Lloyd’s/IUA To Offer Mediation Clinics
Jun 26 2001 // Lloyd’s and London’s International Underwriting Association announced they would jointly sponsor “a series of alternative dispute resolution (ADR) clinics to be operated in conjunction with commercial...
Lloyd’s and Tripwire Inc. to Sponsor Insurance and Technology Forum
Jun 26 2001 // A forum designed to educate corporate risk officers, risk managers, CFOs and CIOs as to the risk exposures inherent in e-commerce and new technologies will be sponsored by Lloyd’s and Tripwire Inc. in New York City...
U.S. Now Largest Lloyd’s Market
Jun 19 2001 // The latest figures from Lloyd’s of London show that “for the first time in its 300-year history, the United States has become the British insurer’s largest single market.” Gross premiums from the...
AIG Announces Plans To Form Lloyd’s Syndicate
Jun 18 2001 // According to a report in London’s Financial Times, American International Group, plans to announce the formation of an underwriting syndicate at Lloyd’s with an initial capitalization of $100 million ($140...
Colorado Insurance Commissioner Heads List of TSLA Mid-Year Speakers
Jun 18 2001 // Seven speakers have been announced for the Texas Surplus Lines Association Mid-Year Meeting set for July 19-22 at the Vail Marriott Resort, Vail, Colo. William Kirven, Colorado Insurance Commissioner, is scheduled to...
Tightening Market Conditions Set Tone at AAMGA 75th Anniversary
Jun 18 2001 // At the 2001 AAMGA Annual Meeting, held May 20-24 in Indian Wells, Calif., at least one topic of discussion was as intense as the desert sun—all current indications clearly reflect a tightening of the market. There are...
Oil & Gas Coverage Harder to Find; More EXPENSIVE
Jun 18 2001 // Crude oil and natural gas exploration and production continue at near record levels and most observers see no let up. White House officials are stumping for a national energy policy that among other things seeks increases...
Borisoff Takes the Reigns from Penniall at Monarch E&S
Jun 11 2001 // Some changes are in the air at Monarch E&S as Derek Borisoff is taking ownership of the company from Don Penniall. Penniall founded Monarch E&S, a surplus line/managing general agent, at an age when most...
Lloyd’s Syndicate Offers New Coverage for War, Political Violence
Jun 11 2001 // Managing Agency Partners (MAP) Underwriting, one of Lloyd’s newest syndicates, has come up with an innovative and timely policy aimed at protecting investors from losses caused by wars and political violence in...
Tightening Market Conditions Set Tone at AAMGA 75th Anniversary
Jun 11 2001 // At the 2001 AAMGA Annual Meeting, held May 20-24 in Indian Wells, Calif., at least one topic of discussion was as intense as the desert sun—all current indications clearly reflect a tightening of the market. There are...
Coverages for Contractors: Only the Strong Survive as a Tough Market Gets Tougher
Jun 11 2001 // What’s the biggest problem area in the California insurance market these days?” When asked that question, most in the know would probably, without any hesitation, reply, “Workers’ comp.” But...
TO BE OR NOT TO BE CAPTIVE
Jun 11 2001 // Despite recent reports, Lloyd’s hasn’t made any decision as to whether it will exit the captive market. The issue is under study as part of an overall review of Lloyd’s operations, due to be presented in...
State Fund To Become Texas Mutual Insurance Company
Jun 4 2001 // The Texas Workers’ Compensation Insurance Fund will become the Texas Mutual Insurance Company Sept. 1 if Gov. Rick Perry signs the bill authorizing the change. The governor has 20 days from the Legislature’s...
The Changing Face of the London Insurance Market: Lloyd’s Admits ‘Foreign’ Brokers-Ins-sure Takes Ov
Jun 4 2001 // The London insurance market achieved two significant milestones recently with the admission to Lloyd’s membership of three non-U.K.-based brokers, and the launch of Ins-sure Services, Ltd., which will assume the...
Lloyd’s reviewing the Captive Market – No Decision on Withdrawal
May 29 2001 // Despite recent reports, Lloyd’s hasn’t made any decision as to whether it will exit the captive market. The issue is under study as part of an overall review of Lloyd’s operations, due to be presented in...
Lloyd’s Syndicate Offer New Coverage For War, Political Violence
May 29 2001 // MAP Underwriting, one of the newest syndicates at Lloyd’s, has come up with an innovative and timely policy, aimed at protecting investors from losses caused by war and political violence in troubled areas like the...
