Surplus Lines News

Increasing Competition, Flat Exposures Put Drag on Surplus Lines: A.M. Best

For a second consecutive year, underwriters of surplus lines insurance in the United States generated just modest growth in direct premium of 2.8 percent in 2016, according to a new A.M. Best special report. Surplus lines writers also posted an …

Brokers Bucking Disruption: How Wholesalers Hang On Through Change

As long as there is an insurance industry, wholesaler brokers believe they will have a role to play. “We will continue to be an important sector – a small sector – but still a very important sector of how insurance …

Arkansas Insurance Regulators OK Allied World, Vantapro Specialty Acquisition

The Arkansas Insurance Department has approved the acquisition of two domestic affiliated companies, Allied World Surplus Lines Insurance (AWSLIC) and Vantapro Specialty Insurance Co., by Swiss and Canadian companies. AWSLIC and Vantapro are each an Arkansas domiciled insurance company and …

California Surplus Lines Are Now A Bigger Chunk of the Commercial Market

The phrase “new normal” might be a cliché, but it was too hard for Ben McKay, executive director of the Surplus Lines Association of California, to avoid using when describing the state’s excess and surplus market in 2016 and going …

Report: Vast Majority of Surplus Lines Filings in Texas Come in on Time

An overwhelming majority of surplus lines policies are filed on time in Texas, according to the Surplus Lines Stamping Office of Texas. SLTX is required by statute to file an Annual Late Filers report with the Texas Department of Insurance, …

Texas Surplus Office Projects 2016 Increase in Premium, Filings

Projections show that the Surplus Lines Stamping Office of Texas is on track to surpass fourth quarter premium totals set in the past two years, according to data prepared by the office. The amount of surplus lines filings with SLTX …

California’s Surplus Export List Getting Interest Ahead of Upcoming Hearing

Ben McKay, executive director of the Surplus Lines Association of California, said his phone has been quite a bit busier lately ahead of a public hearing on Friday on the state’s export list. People in the insurance industry during the …

Texas Stamping Office Updates Surplus Lines Eligible Insurer List

The Surplus Lines Stamping Office of Texas (SLSOT) reported the following changes to the eligible insurer list. Alien insurers effective 10/1/2016 include the following: The Hanover Atlantic Insurance Company LTD. Helvetia Swiss Insurance Company in Liechtenstein LTD. Lloyd’s of London …

The Changing Surplus Lines Landscape in California and Beyond

The changing excess and surplus insurance landscape was an oft discussed topic on Monday, with experts describing the challenges and opportunities going forward. “The business that we have and the risk we see is going to be changing. No question.” …

Report Shows Month-to-Month Surplus Lines Volatility in California

So far it’s been an “unusual year” for surplus lines in California. Filed premiums were up 14.1 percent in October from the same month last year, but that increase followed a 38.3 percent year-over-year drop in September, new figures from …