Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Monarch E&S Opens New California Office, Names Five New Employees
May 18 2016 // Monarch E&S Insurance Services has opened a second San Diego County, Calif. office, this one in San Marcos. Five new employees will work out of the office. The employees are: Michelle Mitchell, senior...
Insurance Noodle Appointed as Lloyd’s Coverholder
May 18 2016 // Insurance Noodle, the online, membership-based insurance placement platform, has been appointed a coverholder with Lloyd’s of London and is now authorized to underwrite and insure accounts on behalf of certain...
Delta Lloyd’s Solvency II Ratio Declines to 127% on Fall in Interest Rates
May 18 2016 // Delta Lloyd NV, the Dutch insurer that last month completed a rights offer to shore up its capital buffers, said its ability to absorb losses weakened in the first quarter. The Solvency II ratio, a measure of an...
Partner Specialty Group Launches Online High Value Homeowners Facility
May 16 2016 // Partners Specialty Group, LLC has announced a new non-admitted online high value homeowners facility with limits in excess of $60 million. Appointed agents will be able to access the online portal and obtain quotes for the...
Marsh’s Torrent Technologies Launches Private Flood Coverage
May 13 2016 // Torrent Technologies, Inc., in coordination with Torrent’s Write-Your-Own (WYO) carriers participating in the National Flood Insurance Program (NFIP), has launched a new, automated private market primary flood...
Palomar Specialty Expands Residential Earthquake Product to Oregon, Washington
May 13 2016 // Palomar Specialty Insurance Co., in partnership with Arrowhead General Insurance Agency, Inc. and TriCoast Insurance Services, LLC, has expanded its Value Select Residential Earthquake Insurance Program into Oregon and...
Brentwood Reinsurance Appoints Hodson as SVP in North Carolina
May 13 2016 // Brentwood Reinsurance Intermediaries Inc. (BRII), a provider of insurance and reinsurance brokerage services, has appointed William (Bill) J. Hodson, of Burlington, N.C., as senior vice president. According to Brentwood...
Fry Promoted to Senior VP Specialty Programs at QBE North America
May 12 2016 // QBE North America said it has promoted Erin Fry to senior vice president and underwriting leader for its Specialty Programs division. Fry will be responsible for the strategic underwriting plan for QBE specialty products...
Great American Insurance Establishes Specialty P&C Division in Mexico
May 12 2016 // Great American Insurance Group announced today that the Mexican Insurance Commission has granted formal approval to extend the license of its local company, El Águila Compañía de Seguros, S.A. de C.V., to establish a...
Manchester Specialty to Offer Allied Health Business Program Through Great American
May 12 2016 // Manchester Specialty Programs, a national specialty underwriting and insurance program management firm for home care, hospice and other health-related classes, is now offering allied health business insurance coverage on...
Medical Professional Liability Insurers’ Profits Decline But Outlook Stable: A.M. Best
May 11 2016 // The specialty medical professional liability (MPL) insurance industry remained profitable in 2015, however its net income fell nearly 36.6 percent to almost $1.1 billion in 2015. In a special report, A.M. Best said the MPL...
Taking Stock of D&O Insurance Market: Capacity, Coverage and Culpability
May 10 2016 // The directors and officers (D&O) liability marketplace continues to find softening rates and intense competition especially in excess layers, according to industry executives. The industry is also seeing a continuing...
Tokio Marine Kiln Launches General Aviation Consortium on Lloyd’s Asia Platform
May 9 2016 // Tokio Marine Kiln (TMK), the leading provider of specialist and corporate insurance, has launched its first General Aviation Consortium on the Lloyd’s Asia platform. The consortium will provide all brokers and buyers...
Specialist Lloyd’s Insurer Marketform Hires Kelsh to Build Broker Relationships
May 6 2016 // Marketform, the London-based specialist Lloyd’s insurer, has appointed Martin Kelsh to the newly created role of production & distribution director. Kelsh joined Marketform on May 3 to develop and enhance the...
Wholesale Broker tKg Names R-T Specialty’s Havermann to Head Transportation
May 4 2016 // Phoenix-based tKg Wholesale Brokerage has hired Edward T. Havermann, III, as vice president of its transportation division. Havermann will be responsible for building a national transportation practice for the...
MS Amlin Now Operating at Lloyd’s Under One Brand: MS Amlin Underwriting
May 3 2016 // MS Amlin announced it is now operating as one brand in the Lloyd’s market, as a single managing agency, MS Amlin Underwriting Ltd. Operating from 22 locations across three continents, the MS Amlin business will...
Who Moved Your Cheese? The End (for Now) of Market Cycles
May 2 2016 // The good news is that for the foreseeable future, with certain exceptions, you will not have to tell your clients their premiums are increasing 10 percent or more. Property/casualty carriers collectively, not necessarily...
Kinsale Insurance Hires Manahan to Lead E&S Property in Virginia
Apr 29 2016 // Stephen Manahan Kinsale Insurance Company, a domestic excess and surplus lines insurance company based in Richmond, Virginia, has hired Stephen Manahan as senior vice president of Excess & Surplus Lines Property. In...
The Hartford Profit Fell 30% in Q1 Due to Higher Auto Losses, Lower Investment Income
Apr 29 2016 // The Hartford reported disappointing personal lines result for the first quarter of the year, which along with decreased investment income contributed to a 31 percent drop in profit for the quarter. First quarter 2016 net...
Lloyd’s Market Urged to Use Oasis Open-Source Cat Models for Wider Risk View
Apr 28 2016 // Lloyd’s managing agents should take full advantage of Oasis, the open source catastrophe modeling platform, in order to get wider views on catastrophe risks, urged Tom Bolt, Lloyd’s director of performance...
