Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Survey Says Personal Liability Limits Fail to Keep Pace With Growth in Household Assets
May 25 2001 // According to a survey by the Chubb Group of Insurance Companies Personal liability protection is not keeping pace with personal asset growth or litigation trends, leaving affluent individuals and their families exposed to...
Lloyd’s Issues Warning on Travel Insurance
May 25 2001 // As the holiday season began, Lloyd’s issued a warning to the public concerning certain travel insurance policies sold by the Management Company (London) Limited. It urged people to “check the validity of any...
St. Paul To Reorganize Lloyd’s Operations
May 22 2001 // The St. Paul Companies announced “that its St. Paul at Lloyd’s operation will implement a major reorganisation of its underwriting and operational structure, including a plan to consolidate its existing 11...
Lloyd’s Admits ‘Foreign’ Brokers, Ins-sure Services Launched
May 21 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...
Kevin Brooks to Join Aon as President of P/C Unit for Combined Specialty
May 17 2001 // Aon Corporation announced that Kevin P. Brooks will become president of the specialty property and casualty unit of Combined Specialty Corporation. Brooks was chairman, president and CEO of General Star Management Company,...
AAMGA Selects Desert Backdrop for ‘Diamond Jubilee’
May 14 2001 // This year the American Association of Managing General Agents (AAMGA) will celebrate its 75th Anniversary with a Diamond Jubilee, to be held May 20-24 in Palm, Desert, Calif. “The Desert Springs Marriott Resort...
AAMGA Elects New Leadership
May 14 2001 // The American Association of Managing General Agents has named as the organization’s 2001-2002 president-elect, Robert S. Giles, CIW, president and COO of W.R. Scobie Inc./Midwest General Agency, CMGA. Giles, who was...
Lloyd’s Change to Annual Accounting Results in $4.5 Billion Loss Estimate
May 13 2001 // Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall,...
CALIBER ONE EXITING E&S SURPLUS LINES MARKETPLACE
May 13 2001 // PMA Capital has decided to withdraw from the excess and surplus (E&S) lines marketplace served by its Caliber One business segment, even though PMA Capital shows strong growth and operating income for PMA Re and the...
Arthur J. Gallagher Announces Formation of Specialty Brokerage Services Unit
May 10 2001 // Arthur J. Gallagher & Co. announced the formation of Gallagher Financial Products, a new specialty Brokerage Services unit devoted to the production and development of a broad array of insurance-based financial...
AAMGA Selects Desrt Backdrop for ‘Diamond Jubilee’
May 7 2001 // This year the American Association of Managing General Agents (AAMGA) will celebrate its 75th Anniversary with a Diamond Jubilee, to be held May 20-24 in Palm, Desert, Calif. “[The Desert Springs Marriott Resort...
Lloyd’s Posts 23% Gain in U.S. Premium Income
May 2 2001 // Led by a strong performance in its surplus lines business, Lloyd’s announced a 23 percent gain in U.S. premium income for the year 2000 to $5.9 billion from $4.8 billion in 1999. “This increase is a reflection...
Lloyd’s Changes Internet Sites To Increase Broker Access
May 1 2001 // Lloyd’s announced that its old general website designation – www.lloyds.com – has become “An internet portal that will give insurance brokers and intermediaries all over the world direct access to...
Lloyd’s Admits Non-U.K. Based Brokers For the First Time
Apr 30 2001 // Of the six new brokers admitted to Lloyd’s select fraternity five are based outside of the U.K., marking the first time that the venerable institution has given foreign brokers direct access to the Lloyd’s...
Lloyd’s, IUA, Xchanging Processing Service To Start May First
Apr 30 2001 // Lloyd’s and London’s International Underwriting Association announced that their joint venture with Xchanging, an Internet and information technology specialist, to create a unified premium processing and...
Texas Motorcycle Market Cruises Along
Apr 30 2001 // There may be a strong parallel between learning to ride a motorcycle and insuring motorcycle operators. For the beginning rider, the first 90 days of vehicle ownership can be an especially risky period for crashes....
CDI Sinks Plans for Unlicensed Marine Agencies
Apr 23 2001 // Four entities and three individuals have run aground of the law when it comes to selling marine policies in the State of California. The California Department of Insurance (CDI) issued a Cease and Desist Order on March 30...
P/C Earnings Fall 7.5 Percent in 2000; Surplus Down for First Time Since 1984
Apr 23 2001 // The property/casualty insurance industry’s net income after taxes fell 7.5 percent last year to $20.2 billion from $21.9 billion the year before, according to figures released by the Insurance Services Office Inc....
POOR RESULTS FOR LLOYD’S
Apr 23 2001 // Lloyd’s announced preliminary estimates that it would suffer an overall loss of at least $1.6 billion for its 1999 year of account. Lloyd’s previously announced losses in 1998 of $1.54 billion. Lloyd’s...
The Surplus Line Association’s First Quarter Premium Data
Apr 21 2001 // The Surplus Line Association released its first quarter 2001 totals. The totals for processed surplus line premium is showing a 61 percent increase over first quarter 2000 levels. The increase, a reported $598,603,526 in...
