Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Bolls Joins Surplus Lines Stamping Office of Texas as Finance Director
Apr 6 2016 // The Surplus Lines Stamping Office of Texas (SLSOT) has appointed Kyle Bolls as director of Finance. Bolls previously worked in financial regulation for the Texas Department of Insurance (TDI), recently serving as the...
Talbot & Markel Offer D&O Facility in MEA Region with Per-Risk Capacity of $30M
Apr 6 2016 // Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., has joined forces with specialist insurer Markel International to provide a facility for directors and officers risks in the Middle East and...
‘Brexit’ Would Hurt or Severely Damage Lloyd’s of London: Survey
Apr 4 2016 // A survey of London market insurers, brokers, and service providers revealed that 70 percent believe a U.K. exit from the European Union would hurt or severely damage Lloyd’s of London, according to Haggie Partners, a...
Watford Re Forms E&S Insurer Watford Specialty, Partnering with Arch
Apr 4 2016 // Watford Re Ltd. has formed a new excess and surplus lines insurer called Watford Specialty Insurance Co. (WSIC), based in Morristown, N.J. WSIC’s lines of business “will be similar to what we’ve been...
Lloyd’s Seeks to Open Reinsurance Branch in Mumbai, India
Apr 1 2016 // Lloyd’s announced it intends to file an application to open a reinsurance branch in Mumbai, following the publication of regulations governing the Lloyd’s market earlier this week by the Insurance Regulatory...
Take1 in California Now a Lloyd’s Cover Holder
Mar 29 2016 // Take1 Insurance announced that it is now a cover holder with Lloyd’s of London to provide excess liability coverage capacity of up to an additional $5 million in limits. Minimum rates start at $750 per each million...
Lloyd’s Insurers Lead New Trend to Sell Legacy Portfolios: Willis Towers Watson
Mar 25 2016 // The majority of Lloyd’s businesses (77 percent) are considering legacy portfolio disposals, with more than half of firms based in western Europe (53 percent) expecting to make at least one sale in the next three...
R-T Specialty to Acquire Hartan Brokerage in New York City
Mar 24 2016 // R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC in Chicago, announced that it has reached an agreement to acquire substantially all of the assets of Hartan Brokerage, a wholesale insurance...
Update: Lloyd’s Underwriter Marketform Sells UK Med Mal Businesses to Beazley
Mar 24 2016 // Specialist Lloyd’s underwriter Marketform announced it has sold its UK Open Market Medical Malpractice and UK / International Delegated Authority Insurance businesses to Beazley. The team being transferred is led by...
Brit Leads New Commercial General Aviation Consortium at Lloyd’s
Mar 23 2016 // Brit Ltd., the global specialty insurer, has launched a Lloyd’s consortium for commercial general aviation. Now quoting business, the consortium is being led by Brit with capacity also being provided by Kiln, Hiscox,...
Lloyd’s Profit Drops 30% in 2015 on Weak Prices and Lower Investment Income
Mar 23 2016 // Lloyd’s of London reported a 30 percent drop of full-year profit as the world’s largest insurance market was hurt by continued pressure on pricing and the lowest investment returns since at least 2001. Earnings...
D&O Marketplace Continues to See Softening Rates
Mar 21 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...
HOT Markets: Drones, Cyber and More
Mar 21 2016 // Looking for new sales and opportunities in 2016? Here are a few of the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty insurance industry this year. Sky’s...
Chubb Names Leadership Team for Insurance Operations in Bermuda
Mar 18 2016 // Chubb Ltd. has named the leadership team for its insurance operations in Bermuda, effective immediately. On Jan. 14, 2016, ACE completed its acquisition of Chubb. ACE Bermuda is expected to become Chubb Bermuda in the...
Lloyd’s Appoints Garigiparthy as Country Manager for India
Mar 18 2016 // Lloyd’s announced the appointment of Shankar Garigiparthy as country manager for India. In this new role Garigiparthy will be responsible for market development, representing Lloyd’s in discussions with...
The Hartford Expands E&S Capabilities with Acquisition of Maxum Specialty
Mar 17 2016 // The Hartford has agreed to purchase Northern Homelands Co., the holding company of excess and surplus lines insurer Maxum Specialty Insurance Group, for $170 million in cash. According to the announcement, Maxum will...
Clermont Specialty Managers to Offer Cyber Coverage Through HSB
Mar 14 2016 // Clermont Specialty Managers, a W.R. Berkley company, is now offering data compromise and Cyber One coverages for their customers through Hartford Steam Boiler, a Munich RE company. The program provides protection for data...
BHSI to Expand Specialty Business into Europe; Bolt & Koehler to Lead Operations
Mar 11 2016 // Berkshire Hathaway International Insurance Ltd. announced it will offer a specialty insurance solution to Europe with its affiliate, Berkshire Hathaway Specialty Insurance, subject to regulatory approval. Tom Bolt has been...
H.W. Kaufman Financial Group Acquires New Orleans Site for Burns & Wilcox Center
Mar 10 2016 // The Michigan-based specialty insurance organization, H.W. Kaufman Financial Group, has acquired the Cox Communications Building located in the greater New Orleans area. As part of the acquisition, the building will be...
BHSI Forms Medical Stop Loss Division
Mar 9 2016 // Berkshire Hathaway Specialty Insurance Company (BHSI) announced the formation of a dedicated Medical Stop Loss Division and has appointed John Snyder to lead the effort. The company also named David Friedly as head of...
