Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Applauds Removal of Section 899 Tax Measure From ‘One Big Beautiful Bill’
Jun 30 2025 // Lloyd’s has issued a statement applauding the removal of Section 899 from the Republican’s reconciliation bill, which could have led to substantial additional tax on the US income of non-US-domiciled...
People Moves: Liberty Specialty Markets Taps CNA Hardy’s Butt as UK Head of Casualty Claims; SiriusPoint Names Pryde From Catalina Re as Group Chief Risk Officer
Jun 30 2025 // This edition of Interntional People Moves details appointments at Liberty Specialty Markets and SiriusPoint. A summary of these new hires follows here. Liberty Specialty Markets Taps CNA Hardy’s Butt as Head of...
US E&S Growth Slowed Again in ’24; Berkshire, AIG Top Premium Rankings
Jun 26 2025 // A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 13.4% in 2024, down from 14.5% a year earlier. While growth stayed up in double...
E&S Insurtech Ledgebrook Raises $65 Million
Jun 25 2025 // Ledgebrook Inc, a technology-driven excess and surplus lines managing general agency, recently completed the close of a $65 million funding round. The oversubscribed Series C round was led by existing investor The Stephens...
Ford Recalls Nearly 200,000 Mustang Mach Es Due to Faulty Door Latches
Jun 24 2025 // Ford Motor Co. is recalling nearly 200,000 electric Mustangs because the door latches could falter, potentially trapping passengers in the back seat. The National Highway Traffic Safety Administration said Dearborn,...
People Moves: Howden Belgium Appoints De Baets as CEO; Liberty Promotes Directors of 3 New Divisions for Marine & Aviation, Specialty, Property
Jun 23 2025 // This edition of International People Moves details appointments at Howden and Liberty Specialty Markets (LSM). A summary of these new hires follows here. Howden Belgium Appoints De Baets as CEO Howden, the London-based...
AmRisc Launches Reciprocal Exchange for Commercial E&S Market
Jun 20 2025 // AmRisc, a subsidiary of Alabama-based CRC Group and Truist Insurance Holdings, has launched a reciprocal exchange, initally writing in Florida, Georgia, Alabama, California and Colorado, the company announced this...
People Moves: Markel Insurance Makes Leadership Changes to Simplify US Wholesale and Specialty Division
Jun 17 2025 // Markel Insurance, the insurance operations within Markel Group Inc., appointed new leadership within its U.S. wholesale and specialty division. The company is simplifying its structure from six U.S. wholesale and two U.S....
End to Florida Agents’ ‘Diligent Effort’ Rule on Surplus Lines Takes Effect July 1
Jun 16 2025 // Florida’s governor has signed House Bill 1549 into law, eliminating the requirement that insurance agents make a “diligent effort” to find coverage before placing properties with a surplus lines...
Alta Risk Expands Excess Casualty Capabilities with Two Strategic Hires
Jun 12 2025 // New underwriting talent brings decades of expertise and strong broker relationships to support Alta’s continued growth in the excess space. OVERLAND PARK, KS (June 12, 2025) – Alta Risk today announced the...
Samsung Fire & Marine Insurance Increases Stake in Lloyd’s Insurer Canopius
Jun 11 2025 // Canopius Group, the London-based specialty and property/casualty insurer and reinsurer, announced that Samsung Fire & Marine Insurance (SFMI) has entered into an agreement to purchase an additional 21% equity stake,...
Markets/Coverages: MGA Aurora Launches Lloyd’s-Backed Property Insurance Offering
Jun 11 2025 // Aurora, the London-based digital managing general agent, has launched a property owners insurance product, aiming to enhance the way brokers access and place property risks. The new product, backed by Lloyd’s,...
Ryan Specialty Underwriting Managers Forms International Renewable Energy MGU
Jun 10 2025 // Ryan Specialty Underwriting Managers (RSUM), the specialty underwriting segment of Ryan Specialty, has launched Ryan Specialty Renewables, an international renewable energy managing general underwriter. The MGU is formed...
Monarch E&S Acquires Market Finders in New Mexico
Jun 5 2025 // Monarch E&S Insurance Services acquired Market Finders Inc. in Albuquerque, New Mexico. MFI is a managing general agent and wholesale broker founded in 1971. MFI specializes in both personal and commercial lines,...
London MGA Amiga Specialty Officially Launches
Jun 4 2025 // Amiga Specialty, an independent international managing general agent (MGA), has today announced its official launch. The London-based company said it aims to swiftly establish itself in the global insurance MGA landscape...
People Moves: Lloyd’s Makes Executive Team Changes
Jun 2 2025 // Lloyd’s, headquartered in London, the world’s leading marketplace for insurance and reinsurance market for global risk, made several new appointments and updates to its executive team. Rachel Turk is appointed...
Johnson & Johnson to Acquire Indemnity Excess & Surplus Agency Inc.
Jun 2 2025 // CHARLESTON, SC., June 02, 2025 – Johnson & Johnson Inc. (J&J) continues the expansion of its footprint by acquiring the assets of Indemnity Excess & Surplus Agency Inc (IES). The parties completed the...
AM Best Upgrades Velocity Specialty Insurance After Acquisition by FM
Jun 2 2025 // AM Best has removed from under review with developing implications and upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a”...
Lloyd’s Insurer Beazley Gains New Bull to Bolster Unique Status
May 30 2025 // The only stock in the FTSE 100 with buy recommendations from every analyst that covers it just gained another bull. Beazley Plc was named a ‘top pick’ by Berenberg, which gave the Lloyd’s of London...
AIG Settles Lawsuit Against E&S Rival Dellwood and Former Employees
May 23 2025 // Global insurer American International Group (AIG) has reached an out of court settlement of its legal dispute with the excess and surplus insurance firm Dellwood that was started by former AIG executives. In a filing in...
