Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Online Agency Insureon Secures $3B in Capacity from Lloyd’s to Launch MGA for Small Business
Jul 25 2016 // Insureon, an online agency for small business insurance, has formed a new managing general agency (MGA), Insureon Underwriting Managers, which will operate as a division of Insurance Noodle, the company’s wholesale...
SLSOT’s Essary Intent on Using Data to Better Communicate with Stakeholders
Jul 25 2016 // Surplus lines may not be the most widely understood segment of the property/casualty insurance industry but for risk managers of large organizations it’s often the go-to market for complicated risks for which...
Ex-NFL Player Nakamura Sues Lloyd’s for Denying Concussion Claim
Jul 22 2016 // A former NFL player who suffered what the league deemed a career-ending concussion has sued Lloyd’s of London for denying a $1 million insurance policy for professional athletes. The lawsuit filed this week in North...
Best Revises Lloyd’s Outlook to Stable from Positive on Difficult Business Conditions
Jul 22 2016 // A.M. Best has revised the outlooks to stable from positive of Lloyd’s and Lloyd’s Insurance Co. (China) Ltd., while at the same time affirming their financial strength rating (FSR) of A (Excellent) and issuer...
Brit Invests in South Africa’s Camargue Underwriting Managers
Jul 22 2016 // Brit Ltd., the global specialty insurer and reinsurer, announced it has made a significant strategic investment in Camargue Underwriting Managers, one of South Africa’s leading providers of specialized insurance...
Beazley to Get EU Licenses for Irish Reinsurance Business – After Brexit Vote
Jul 22 2016 // Lloyd’s of London’s Beazley Plc is working to get European insurance licenses for its Irish reinsurance business to allow it to operate throughout the European Union, even if Lloyd’s loses access to the...
Everest Insurance Expands Umbrella, Excess Casualty Offering
Jul 21 2016 // Everest Insurance has expanded its umbrella and excess casualty offering with their new Peak Protect policy form. Peak Protect is an enhanced commercial umbrella policy form. Everest has also included Crisis Event...
Ironshore Expands High Net Worth Coverage to Homeowners in Connecticut
Jul 20 2016 // Ironshore Private Client Group has expanded its Ironshore Private Insurance Portfolio product to high net worth homeowners in Connecticut. Ironshore Private Insurance Portfolio coverage is available in four states on an...
Worldwide Facilities Wins 2016 AAMGA Marketing Award
Jul 19 2016 // Los Angeles, CA, July 19, 2016- Worldwide Facilities was chosen this year as a second-place winner of the 2016 AAMGA Marketing Award for its print marketing campaign. The award singles out exceptional advertising and...
Lloyd’s Insurer Chaucer Expects Underwriting Loss During Q2 2016
Jul 15 2016 // The impact of catastrophes, large loss activity and foreign exchange movements are expected to bring an underwriting loss for Chaucer in the second quarter, when it will report a combined ratio in the range of 103 to 105...
Markel Leads Lloyd’s Livestock Consortium, Covering Up to $30M Per Location
Jul 14 2016 // Markel International, the London-based specialist insurer, has joined forces with Tokio Marine Kiln, Pembroke and AEGIS London to lead the Markel livestock consortium, offering cover of up to $30 million per location for...
Ironshore Specialty Adds Third Party Product Recall Cost Endorsement
Jul 13 2016 // Ironshore Specialty Casualty has added Third Party Product Recall Cost Endorsement as an enhancement to its primary general liability coverage form for commercial clients. The new endorsement covers specified costs...
Study: 43% of Insurers’ Prescription Payments Going to Specialty Drugs
Jul 12 2016 // The latest study of medicine prices finds U.S. insurers’ spending on expensive prescription drugs nearly quadrupled from 2003 through 2014, when the number of such prescriptions filled tripled. Spending on expensive...
Texas Surplus Lines Stamping Office Adds Orellana as Human Resources Director
Jul 12 2016 // The Surplus Lines Stamping Office of Texas (SLSOT) has appointed Denisse Orellana as director of Human Resources. For the past several years, Orellana has worked in the private sector for a promotional and marketing...
Velosurance Takes Cycling to the Specialty Insurance Market
Jul 11 2016 // Cycling enthusiasts everywhere are watching what might be the world’s most famous bicycling event – the Tour de France – this month. They are also watching some of the world’s most expensive bicycles, which...
Marsh Taps Cooke (Former NAPSLO President) as Vice Chair of Global Placement
Jul 8 2016 // Marsh has appointed Jeremy Cooke as vice chairman of Global Placement, effective immediately. Based in London, Cooke will report to Dean Klisura, global head of Industry Specialties and Placement. In his new role, Cooke...
Excess & Surplus Lines Insurer Kinsale Files for IPO
Jul 6 2016 // Kinsale Capital Group Inc., the Richmond, Virginia-based insurer backed by Moelis & Co., filed for an initial public offering of stock. The company, founded in 2009, said it plans to list shares on the Nasdaq under the...
A.M. Best Affirms Ratings of Markel Int’l & Lloyd’s Syndicate 3000
Jul 5 2016 // A.M. Besthas affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings of “a+” of UK-based Markel International Insurance Co. Ltd.(MIICL) and Lloyd’s Syndicate 3000. The...
Treasury Recommends Some Terrorism Premiums Be Retained for Future Claims
Jul 5 2016 // In a report that concludes that the federal terrorism risk insurance program “remains an important mechanism” for ensuring that terrorism risk insurance is available and generally affordable, the U.S. Treasury...
5 Specialty Insurance Coverages Reserved for Municipal Airports
Jun 29 2016 // Municipal airports, as well as the authorities and fix-base operators that manage many of their activities, must navigate a wide range of potential liability exposures related to the safety and security of passengers,...
