Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
People Moves: RT Specialty Promotes Murrey to President of Commercial Lines Binding Authority
Apr 12 2024 // RT Specialty, the wholesale distribution division of Ryan Specialty, headquartered in Chicago, promoted Jason Murrey to president of commercial lines binding authority. Murrey joined RT Specialty in 2017 through the...
People Moves: Miller Promoted to Lloyd’s Americas CEO as Watkins Exits
Apr 11 2024 // Lloyd’s said Dawn Miller has been named chief commercial officer and CEO of Lloyd’s Americas. Dawn Miller Miller, who joined Lloyd’s in 2022 and oversees its global network as commercial director, will...
Construction-Focused MGA, Phoenix Specialty, Launches With Capacity From AXA UK
Apr 9 2024 // Acies MGU, the London-based managing general underwriter and MGA incubator, announced the launch of Phoenix Specialty, a specialist MGA serving the construction sector. Phoenix will be led by managing director Tim James,...
Lancashire Launches US Excess & Surplus Lines Carrier
Apr 8 2024 // Lancashire Insurance, a subsidiary of Lancashire Group, has been launched as an excess and surplus insurer in the US, expanding the company’s international footprint. Lancashire Group, the Bermuda-based Lloyd’s...
Viewpoint: US E&S Sector Is Booming…But Is it Too Much Business to Handle?
Apr 8 2024 // Executive Summary: Specialty insurance has experienced significant growth in recent years. Greg Gaydos, senior business development executive at Zywave, looks at the reasons and advises how to best take advantage of its...
AJG Acquires Florida’s Specialty Risk Management Agency
Apr 2 2024 // The global insurance brokerage Arthur J. Gallagher has acquired Fort Myers-based Specialty Risk Management Services and its affiliate agency, Private Client Insurance Services, the broker announced Monday. Specialty Risk...
Lloyd’s Reports Banner Year in 2023 but “Disciplined Underwriting” Must Be Maintained
Apr 1 2024 // The strong 2023 results at Lloyd’s reaffirm the primacy of underwriting, “but it’s one year and therefore not a reason for complacency,” said Patrick Tiernan, chief of markets, in a market message...
U.S. E&S Sector Is Booming … But Is it Too Much Business to Handle?
Apr 1 2024 // The excess and surplus (E&S)lines and specialty insurance market is booming and looks set to continue its upward trajectory. The question is whether the sector currently has the resources to take advantage of these...
Fidelis Partnership Gets ‘In Principle’ Approval From Lloyd’s to Launch Syndicate
Mar 28 2024 // The Fidelis Partnership, the Bermuda-based managing general underwriter, announced that Lloyd’s has granted “in principle” approval for the launch of Syndicate 3123 in collaboration with Fidelis Insurance...
Baltimore Bridge May Trigger Historic Marine Loss, Lloyd’s of London Says
Mar 28 2024 // Insurance payouts for Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd’s of London Chief Executive Officer John...
Lloyd’s of London Swings to $13.5 Billion Profit in 2023
Mar 28 2024 // Lloyd’s of London swung to a pre-tax profit of 10.7 billion pounds ($13.51 billion) in 2023, the commercial insurance market said on Thursday, boosted by strong underwriting and investment performance. The insurance...
RT Specialty’s Austenfeld Elected WSIA President
Mar 20 2024 // Brenda (Ballard) Austenfeld was elected to serve as 2024-2025 Wholesale & Specialty Insurance Association (WSIA) president Austenfeld, CEO and president of RT Specialty’s national property practice, was chosen by...
Agile Underwriting Gets ‘In-Principle’ Approval to Launch Lloyd’s Syndicate
Mar 18 2024 // Agile Underwriting Services has received “in-principle” approval from Lloyd’s to create Agile Syndicate 2427, subject to regulatory approvals. Syndicate 2427 will be established under the...
People Moves: Moscowitz New COO at RT Specialty; Williams to Lead Nationwide’s Small Market Commercial Lines
Mar 15 2024 // Moscowitz New COO at RT Specialty RT Specialty promoted Marissa Moscowitz to chief operating officer. Moscowitz has over 15 years of information technology, business intelligence and business operations experience and has...
Lloyd’s and Bermuda Monetary Authority Collaborate to Share Risk Expertise
Mar 14 2024 // The Lloyd’s market and the Bermuda Monetary Authority (BMA) are jointly developing an initiative to share risk expertise between these two major re/insurance hubs. The focus will be on fostering innovation through...
Lloyd’s Reports Banner Year in 2023 but ‘Disciplined Underwriting’ Must Be Maintained
Mar 11 2024 // Lloyd’s strong 2023 results reaffirm the primacy of underwriting, “but it’s one year and therefore not a reason for complacency,” said Patrick Tiernan, chief of markets, in a market message to...
People Moves: Aspen UK Names Stanford CEO, Osman Become Active U/W, Lloyd’s Syndicate 4711; Howden Tiger Promotes Chattaraj as Chief Science Officer
Mar 8 2024 // This edition of International People Moves details appointments at Aspen UK and Howden Tiger. A summary of these new hires follow here. Stanford Named CEO of Aspen UK, Osman Become Active U/W, Lloyd’s Syndicate...
Former AIG Execs Launch E&S Company Dellwood Group for Small/Middle Sized Risks
Mar 8 2024 // Two former executives with American International Group (AIG) have launched a nationwide excess and surplus lines (E&S) insurance holding company. Michael Price and Kean Driscoll announced the formation of Dellwood...
People Moves: Sompo Japan Names Takahashi as Chief Risk Officer, Head of Reinsurance; WTW Taps Aon’s Bosc for Global Specialty Team
Mar 6 2024 // This edition of International People Moves details appointments at Sompo Japan and Willis Towers Watson (WTW). A summary of these new hires follows here. Sompo Japan Names Takahashi as Chief Risk Officer, Head of...
Florida Surplus Lines Saw ‘Monumental’ Growth in February, FSLSO Says
Mar 6 2024 // Surplus lines in Florida saw a huge increase in premium, policy count and new business for February compared to the same month last year, a spike in growth that the Florida Surplus Lines Service Office called...
