Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Ryan Specialty Acquires Irish MGU 360° Underwriting
May 20 2025 // Ryan Specialty, the Chicago-based international specialty insurance firm, announce that it has acquired 360° Underwriting (360), a managing general underwriter specializing in commercial construction. 360 is based in...
Motion Specialty Launches Lloyd’s MGU, Founded by Former Hiscox Executives
May 20 2025 // Motion Specialty has been approved as a Lloyd’s of London coverholder, founded by former Hiscox executives Dan Alpay and Alex Kickham. The business writes on behalf of Lloyd’s Syndicate 1301, managed by Inigo...
Lloyd’s Has ‘Laser Focus’ on Oversight of Coverholders to Proactively Avoid Market Risk
May 16 2025 // Lloyd’s has “a laser focus” on the oversight of delegated underwriting authorities to make sure these facilities do not drag down the market in the same way that poor management of managing general agents...
TIMBY Specialty Launches Warehouse Legal Liability Coverage
May 15 2025 // Inland marine managing general underwriter TIMBY Specialty Insurance Solutions launched its Warehouse Legal Liability Coverage, a product specifically for public and contract warehouses that handle third-party...
Markets/Coverages: CRC’s Starwind Specialty Launches 4 Programs
May 13 2025 // Starwind Specialty Insurance Services, a CRC Group company, said it has launched four insurance programs — Starwind Environmental, Starwind PVT (Political Violence & Terrorism), Starwind Equipment, and Starwind...
Markel Insurance CEO Wilson Lays Out Strategy for ‘Bread-and-Butter’ E&S Business
May 13 2025 // “You can’t cut yourself to greatness.” Simon Wilson, chief executive officer of Markel Insurance, made the simple statement at a Markel Group brunch meeting for investors in Omaha, Nebraska on May 4 to...
People Moves: Everest Promotes Mesagaes to Reinsurance Head of Renewable Energy; Westfield Specialty International Taps Arch’s Poulteney and Kailia for Offshore Energy
May 13 2025 // Everest Promotes Mesagaes as Reinsurance Head of Renewable Energy Everest Reinsurance, the reinsurance division of Everest Group Ltd., announced that Jonathan Mesagaes has been named head of Renewable Energy. He will...
Lloyd’s Loses Bid to Avoid $800K in Prejudgment Interest
May 9 2025 // Lloyd’s of London has been told it must pay an extra $800,000 in prejudgment interest on a $2.5 million building fire loss payment to a community bank that it had wrongly denied coverage. A three-judge panel of the...
Lloyd’s Promotes Chief of Markets Tiernan to CEO, Succeeding Neal
May 8 2025 // Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s, succeeding John Neal. Tiernan will begin his tenure as...
Viewpoint: Challenging P/C Market Generates Opportunities for Surplus Lines’ Writers
May 8 2025 // The U.S. surplus lines market notched double-digit year-over-year (YoY) premium growth from 2018-2023, as wholesale brokers tapped this market with greater frequency to explore coverage solutions for businesses amid...
Florida Bill Passes Making it Easier for Agents to Seek Surplus Lines Coverage
May 6 2025 // Starting July 1, Florida insurance agents will no longer need to make a “diligent effort” to find coverage for hard-to-place properties before turning to surplus lines insurance if the governor signs House Bill...
This Texas E&S Carrier Is Implementing Natural Language Processing
May 2 2025 // At AM Specialty Insurance Co., Nishad Lad, head of data and software development, has been placed at the forefront of transforming the Dallas, Texas-based excess and surplus carrier’s claims processing with new...
Business Moves: CRC Group Acquires ARC in E&S Deal
May 1 2025 // Independent insurance wholesaler CRC Group said it has acquired specialty wholesale distributor ARC Excess & Surplus. Terms were not disclosed. ARC was founded in 1986 by Chris Cavallaro as a boutique management and...
Aspen Specialty Settles With Condo in $11M Nashville Bombing Coverage Dispute
Apr 30 2025 // Aspen Specialty Insurance Co. has reached a settlement with the owners of a Nashville condominium building that was badly damaged in the Christmas Day bombing in 2020. The terms of the settlement were not disclosed. Both...
AIG: Turning One Human Underwriter Into Five, ‘Turbocharging’ E&S
Apr 30 2025 // Some property/casualty insurers talk about experimenting with artificial intelligence to automate call center responses and back-office operations. But that’s not the road to turbocharging growth that AIG CEO Peter...
Increased Writings in Homeowners Adds to US Surplus Lines Growth
Apr 29 2025 // Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute to growth for nonadmitted insurers. According to a report from AM Best, surplus homeowners direct premiums...
Navigating Change in the Excess & Surplus Contract Binding Market
Apr 28 2025 // This post is part of a series sponsored by IAT Insurance Group. In the latest episode of What’s Brewing, Ben McDonald, Vice President of Underwriting for IAT’s Excess & Surplus Contract Binding Division,...
People Moves: Ryan Specialty Appoints Kelleher President of SUITELIFE Underwriting Managers
Apr 24 2025 // Chris Kelleher Ryan Specialty, headquartered in Chicago, Illinois, appointed Chris Kelleher president of SUITELIFE Underwriting Managers effective June 30. The hotel and resort industry-focused managing general underwriter...
Tech Update: Lloyd’s Backs BreachBits; ZoJacks Prevents Water Claims; Eagleview Expands Drone Options
Apr 24 2025 // Washington, D.C.-based BreachBits has received an investment of an undisclosed amount from Lloyd’s in what is the London-based global insurance marketplace’s third strategic innovation investment from among...
Viewpoint: What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr 24 2025 // Steel prices have been anything but steady in recent years. With renewed discussions around tariffs and trade restrictions, another wave of volatility may be on the horizon. While much attention is paid to how rising...
