Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
UK MGA Nexus Underwriting Forms Claims Company Called ‘Nexus Claims’
Nov 16 2016 // Nexus Underwriting, the London-based independent specialty managing general agent (MGA), has formed a claims company, trading as Nexus Claims. Being run independently from the underwriting companies, Nexus Claims offers...
XL Catlin Appoints Luck as President of Global Excess Casualty Business
Nov 10 2016 // XL Catlin has appointed Barbara Luck as president of its Global Excess Casualty business, promoted from her current role as chief underwriting officer of XL Catlin’s Global Risk Management business. Assuming her new...
Gray Joins National E&S in California as Environmental Wholesale Broker
Nov 9 2016 // Jeff Gray has rejoined National E&S as an environmental wholesale broker. Gray specializes in hard to place risks, including construction risks, restoration contractors, environmental risks and hazmat trucking...
AmTrust Buys ANV Holdings for $203M – More Than Doubling Its Lloyd’s Presence
Nov 8 2016 // AmTrust Financial Services Inc. announced it has completed the acquisition of ANV Holdings B.V. and its affiliates from Ontario Teachers’ Pension Plan for approximately $203 million in cash. During the last 12 months...
Lloyd’s Gets Approval to Open Reinsurance Branch in India
Nov 7 2016 // Lloyd’s of London has secured approval from the Indian regulator, Insurance Regulatory and Development Authority of India (IRDAI), to provide onshore reinsurance services in India. The decision means that the...
American Specialty Partners With Arch on Sports, Recreation, Entertainment Programs
Nov 7 2016 // Arch Insurance Group, a member of Arch Capital Group Ltd., has formed an exclusive underwriting partnership with American Specialty Insurance and Risk Services, Inc. (a division of Brown & Brown) to offer customized...
Texas Stamping Office Updates Surplus Lines Eligible Insurer List
Nov 4 2016 // 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...
Talbot Underwriting Launches $50M Consortium to Cover NBCR Terrorism
Nov 4 2016 // Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of a Lloyd’s led consortium for nuclear, biological, chemical and radiological (NBCR) terrorism. The facility will...
QBE North America Hires Owens in New York
Nov 3 2016 // QBE North America, the New York-headquartered division of QBE Insurance Group Limited, hired Carla Owens as senior vice president of operations for its specialty business group. Based in New York City, Owens will report to...
Lloyd’s Innovation Awards Go to Aon, Beazley, Cromar, Hiscox, Tokio Marine Kiln
Nov 3 2016 // Lloyd’s of London recently announced the winners of its 2016 Innovation Awards. Beazley, Cromar, Hiscox and Tokio Marine Kiln each picked up awards for innovative products or new ways of working. Aon won most...
Hiscox Leads New $1B Fine Art Consortium, in Collaboration with Ascot
Oct 27 2016 // Hiscox announced it has formed a new US$1 billion fine art consortium, the result of a collaboration with Ascot Underwriting. The $1 billion capacity consortium has been constructed specifically to streamline the process...
Foo Fighters Suit Against Lloyd’s Finally Settled
Oct 24 2016 // Dave Grohl’s Foo Fighters have finally settled a four-month-old lawsuit aimed at collecting on insurance claims related to a series of canceled concerts during the band’s 2015 world tour. A court filing signed...
Insurance Industry Urged to Weigh Shift to Intangible Risks
Oct 24 2016 // Panelists at a New York event hosted by Lloyd’s, the world’s specialist insurance market, and the American Security Project, a nonpartisan national security think-tank, urged the insurance industry to plan...
National E&S in California Names Skiles Account Manager
Oct 21 2016 // National E&S Insurance Brokers in Palmdale, Calif. has named Brittany Skiles an Account Manager. Skiles works with all lines of insurance including general liability, contractor pollution, professional liability,...
Insurance Groups AAMGA, NAPSLO in Merger Talks
Oct 21 2016 // The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) are considering combining both organizations into one association and have formed a...
Asta Gets Initial Lloyd’s Approval to Launch & Manage Verto Syndicate 2689
Oct 20 2016 // Asta, the third party managing agent at Lloyd’s, announced it has received “in principle” approval from the Lloyd’s Franchise Board to establish and manage Verto Quota Share Syndicate...
Cobalt & Capita Plan to Launch Lloyd’s 1st Fully Shariah Compliant Syndicate
Oct 19 2016 // Cobalt Insurance Holdings Ltd. and Capita Managing Agency Ltd. (CMA) have announced they have taken a significant step in the launch of Lloyd’s first fully Shariah compliant syndicate after receiving “in...
Lloyd’s Names Revilla as Head of Latin America
Oct 17 2016 // Lloyd’s has appointed Daniel Revilla as head of Latin America responsible for enhancing business relationships and trading rights across the region for the benefit of the Lloyd’s market. He will also assume the...
Finance Execs Should Slash Their Pay to Win Back Trust in Business: Lloyd’s CEO
Oct 13 2016 // Finance executives should consider slashing their own paychecks as the U.K. works to exit the European Union in order to win back the trust of people who have lost faith in large businesses, according to Lloyd’s of...
Caribbean Cat Facility, CCRIF, to Pay $29.2M to Nations Hit by Hurricane Matthew
Oct 13 2016 // CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) will make payouts of US$29.2 million to CCRIF member countries as a result of damages incurred from Hurricane Matthew. The payouts, which will be made...
