Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
PADRES SUE LLOYD’S
Aug 21 2000 // The San Diego Padres filed a lawsuit in U.S. District Court against Lloyd’s of London for the insurance consortium’s alleged refusal to pay on a policy the baseball club took out on the contract of pitcher...
S&P: Most New London Market Capacity Headed To Lloyd’s
Aug 10 2000 // A new report by Standard and Poor’s says the expansion of London-based insurance business is mostly taking place at Lloyd’s of London. The report, Insurance Market Profiles, says that, although the London...
Lloyd’s Chair to Resign, Position Goes Part-time
Aug 7 2000 // Max Taylor, the current chairman of Lloyd’s, will be leaving the position he has held for the past three years when his term is up in December 2000. The Council of Lloyd’s also announced that starting in 2001,...
Lloyd’s Chair to Resign, Position Goes Part-time
Aug 7 2000 // Max Taylor, the current chairman of Lloyd’s, will be leaving the position he has held for the past three years when his term is up in December 2000. The Council of Lloyd’s also announced that starting in 2001,...
Lloyd’s Syndicate 529 shut down
Aug 4 2000 // The license of non-marine syndicate 529 has been revoked by the Lloyd’s Regulatory Board. The action prohibits the syndicate’s managing agency, Sterling Underwriting Agencies Ltd., from underwriting or renewing...
San Diego Padres Sue Lloyd’s of London
Aug 3 2000 // The San Diego Padres filed a lawsuit in U.S. District Court against Lloyd’s of London for the insurance consortium’s alleged refusal to pay on a policy the ball club took out on the contract of pitcher Randy...
Lloyd’s Changes Role of Chairman, Max Taylor To Leave
Jul 27 2000 // Lloyd’s Chairman Max Taylor will leave the company in December due to changes enacted by the council, which will revert the position to part time beginning next year. The chairman’s role moved to full time in...
Surplus Line Brokers Gather at ‘Playground of Pacific Northwest’ for WSSLC
Jul 24 2000 // By mixing education with entertainment, Western States Surplus Line Conference (WSSLC) Two Thousand is sure to provide an ideal specialized forum for the surplus line industry. The Surplus Line Association of Idaho is...
CLOSING ARGUMENTS FOR LLOYD’S
Jul 24 2000 // The British High Court heard closing statements on July 12 in the case of Lloyd’s vs. Jaffray, in which more than 200 Names claimed they were defrauded by Lloyd’s. The Names are a portion of the group that...
Calif. Surplus Line Association First Half Figures Down
Jul 20 2000 // The Surplus Line Association of California (SLA) reported that during the first six month of 2000, it had processed $812,9953,889, a figure representing an almost 1.2 percent decrease from the $822,740,064 processed during...
Lloyd’s of London Sells Aviation Unit to Charles Taylor
Jul 19 2000 // Charles Taylor Group has acquired the business of Lloyd’s Aviation, the second largest of its kind in the London market with 30 percent of business volumes for $3.89 million. The deal is a further step in the...
Kemper Casualty Launches Excess Property Operation
Jul 18 2000 // Kemper Casualty Company has launched an excess property insurance facility providing up to $50 million in capacity to domestic and U.S.-based multi-national, energy, industrial and commercial large risk customers. The...
Lloyd’s Names Case Holds Closing Arguments
Jul 13 2000 // The British High Court heard closing statements Wednesday in the case of Lloyd’s vs. Jaffray, in which over 200 Names claimed they were defrauded by Lloyd’s. The Names are a portion of the group that refused to...
Lloyd’s, Computer Security Co. to Offer Hacker Insurance
Jul 10 2000 // Lloyd’s of London will soon offer up to $100 million in hacker insurance coverage to clients of Counterpane Security Inc., a computer security management firm based in San Jose, Calif. The coverage will be...
Surplus Lines Agents in The New Millennium
Jul 10 2000 // 2001 Legislative session to bring changes to agent licencing In an effort to comply with the uniformity and reciprocity requirements of financial services reform, the Texas Department of Insurance will likely soon change...
October Date For New Lloyd’s Broker Standards
Jul 6 2000 // The new standards that brokers from the United Kingdom and overseas will have to meet in order to trade on the Lloyd’s of London insurance market will be announced in October. The date for the announcement has been...
Fairfax To Sell Lloyd’s Agency Business To Advent Capital
Jul 4 2000 // According to published reports U.K. based Advent Capital (Holdings) Plc, whose subsidiaries manage a number of Lloyd’s syndicates, has agreed with Canada’s Fairfax Financial Holdings Ltd. to acquire...
Lloyd’s Studying Feasibility of Yearly Accounts
Jul 3 2000 // Nick Prettejohn, Lloyd’s Chief Executive, speaking at the annual conference of the Association of Lloyd’s Members, revealed that they are studying the feasibility of producing one-year accounts along with the...
Zurich U.S. Announces Changes to Surplus Line Brokerage in California
Jun 28 2000 // Zurich E&S Insurance Brokerage Inc. replaced Glendale Specialty Risk Insurance Services Inc. as its wholesale surplus lines brokerage facility in California. The change went into effect on June 15. The office will...
iwix.net Announces Partnerships with Five MGAs
Jun 26 2000 // iwix.net, an Internet specialty insurance marketplace, has announced partnerships with five major Managing General Agencies (MGAs), who will be offering specialty products on the site. RA&MCO (representing Great...
