Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal
Sep 6 2024 // Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim results in 17 years—does this mean the hard market cycle is ending? During a media briefing to...
Florida-based FCCI Moving Into Excess and Surplus Market Oct. 1
Sep 6 2024 // Sarasota-based FCCI Insurance Group will soon start writing excess and surplus lines across much of the country, the carrier announced this week. Florida, Georgia and Texas insurance agents can submit general liability and...
Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7 Combined Ratio
Sep 5 2024 // The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from the £3.9 billion (US$5.1 billion) reported during H1 2023. The combined ratio,...
Ryan Specialty Agrees to Buy Certain Assets of Ardonagh’s Geo Underwriting Europe
Sep 3 2024 // Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire certain assets of the European managing general agent Geo Underwriting Europe BV (Geo...
Australia’s Agile Launches New Zealand Unit to Support Its New Lloyd’s Syndicate
Aug 30 2024 // Agile Underwriting Services, the Sydney, Australia-based insurtech, managing general agent, and Lloyd’s coverholder, has launched a unit in New Zealand, which Agile described as the first of its kind for a...
Titan Aerospace Acquires Plimsoll Specialty, Boosting Aviation Insurance Range
Aug 22 2024 // Atlanta-based Titan Aerospace Insurance, one of the larger aviation insurance brokers, has acquired Plimsoll Specialty Markets, a boutique aviation and aerospace brokerage house also based in Atlanta. Clark Michael Clark,...
Skyward Specialty Launches Aviation Program
Aug 19 2024 // Houston’s Skyward Specialty Insurance Group announced it is launching an aviation program in partnership with Acceleration Aviation Underwriters. The partnership between Skyward Specialty and Acceleration Aviation...
People Moves: Skyward Specialty Hires Four Regional VPs and Two Underwriters
Aug 16 2024 // Skyward Specialty Insurance Group, Inc., headquartered in Houston, named four new regional vice presidents and two new underwriters. Skyward Specialty named Gregg Callahan regional vice president in its northeast region in...
People Moves: Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty; QBE Promotes Lascelles as Dir. of Underwriting, Marine and British Marine
Aug 15 2024 // This edition of International People Moves details appointments at the insurers Markel and QBE. A summary of these new hires follows here. Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team,...
People Moves: Zurich Promotes Nolan to Head of Surety in US; Zink Joins Everest to Lead Specialty Underwriters
Aug 15 2024 // Zurich Promotes Nolan to Head of Surety in US Zurich North America, headquartered in Schaumburg, Illinois, has promoted Chris Nolan to head of surety in U.S. national accounts. Nolan, who is based in New Jersey, succeeds...
Skyward Specialty Enters the Mortgage (Re)insurance Market
Aug 13 2024 // Skyward Specialty Insurance Group announced its entry into the mortgage (re)insurance market. In support of this new venture, Jean-Philippe “JP” Latour joined the company as senior vice president in May 2024....
People Moves: Embroker Appoints Lea Chief Insurance Officer, Malm to COO; Ryan Specialty Promotes Lentz to President of RT Specialty High Net Worth
Aug 13 2024 // Andrew Lea Embroker, headquartered in San Francisco, appointed Andrew (Andy) Lea chief insurance officer and promoted Kristy Malm to chief operating officer. Kristy Malm Lea mas more than two decades of insurance...
People Moves: XPT Specialty Appoints Myers Transportation Underwriter; Falvey Founder Will Transition to Executive Chairman
Aug 8 2024 // Tyler Myers XPT Specialty, headquartered in New Haven, Connecticut, appointed Tyler Myers as transportation underwriter. Myers has over 10 years of experience as a broker specializing in underwriting commercial automobile...
Ryan Specialty Builds with US Assure, a Builder’s Risk Specialist, in Jacksonville
Aug 2 2024 // Ryan Specialty, a publicly traded provider of specialty products for insurance agents, brokers and carriers, has agreed to buy US Assure Insurance Services of Florida, a company specializing in builder’s risk...
Symphony Risk Opens Austin Office, Names Burns President of Specialty Business
Aug 1 2024 // Symphony Risk Solutions announced it is opening an office in Austin, Texas to be led by Matt Burns, who was named president of the firm’s growing specialty business. As the leader of Symphony Build, Burns will...
People Moves: BevCap Management Names Vehovic VP of Dealer Risk Services; Skyward Specialty Adds Miglin and Smith
Jul 30 2024 // Danny Vehovic BevCap Management, LLC, headquartered in McKinney, Texas, hired Danny Vehovic as vice president of dealer risk services. Vehovic will be focusing on risk consulting and business development for Dealer...
Private Equity Firm Centerbridge Weighs Exit Options for £3 Billion Canopius at Lloyd’s
Jul 29 2024 // A consortium led by private equity firm Centerbridge Partners is exploring exit options including an initial public offering of Canopius Group in a deal that could value the Lloyd’s of London insurer at about £3...
Ryan Specialty Announces Unification of Ryan Financial Lines
Jul 26 2024 // Ryan Specialty announced the unification of Ryan Financial Lines and the expansion of its product offerings. Ryan Financial Lines’ formation was announced in December 2023. The first phase was implemented in March...
New London-Based Specialty Reinsurer, Stability Re, Launched
Jul 24 2024 // The Connect Group announced the launch of a London-based specialty reinsurer, Stability Re. This follows the formation in September 2023 of Stability Risk, an MGA created to allow Connect Underwriting Ltd. (a specialist...
MGU Carbon Underwriting Gets Initial Lloyd’s Approval to Launch New Syndicate
Jul 23 2024 // Carbon Underwriting Ltd., the London-based managing general underwriter and Lloyd’s syndicate CBN 4747, announced that Lloyd’s has granted in principle approval for the launch of Syndicate 5757, effective Jan....
