Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
P/C Retail, Wholesale Agency 2015 M&A Highlights by Region, State
Feb 10 2016 // When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since brokers are enjoying their best...
London-Based Brit Opens Singapore Office, Operating via Lloyd’s Platform
Feb 10 2016 // Brit Ltd., the London-based specialty insurer, has opened an office in Singapore, which will begin operations on March 1 via the Lloyd’s Singapore platform. Brit has received approval to begin underwriting from both...
3 New Members Elected to the Council of Lloyd’s
Feb 9 2016 // Lloyd’s have confirmed the election of three new members to the Council of Lloyd’s. Julian James and Neil Maidment were elected following a vote of working members of the Society of Lloyd’s and will serve...
Aon Launches Lloyd’s Lead Facility for U.S. Casualty Risks
Feb 8 2016 // Aon plc has launched Lloyd’s Lead Excess Aon Facility (Lloyd’s LEAF), a program that increases placement options for Aon’s U.S. clients facing global casualty risks while delivering greater contract...
Texas Stamping Office: U.S. Surplus Lines Growth Continued in 2015
Feb 8 2016 // Collectively, the surplus lines insurance service/stamping offices across the country processed a record-breaking $25 billion in premium in 2015, exhibiting 3.6 percent growth over the $24.2 billion in premium processed...
10 Trends in U.S. Casualty Markets in 2016: Marsh
Feb 8 2016 // The sharing economy, expanded litigation, surplus capital, custom account underwriting and further consolidation are likely to challenge the U.S. casualty insurance marketplace in 2016, according to broker Marsh. Marsh...
P/C Retail, Wholesale Agency M&A Activity Brisk in 2015
Feb 8 2016 // When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since many brokers have continued to enjoy...
Cobalt, Chaucer Offer 1st Lloyd’s Shariah Compliant Political Violence Cover
Feb 2 2016 // Shariah compliant managing general agent Cobalt Underwriting has launched a new political violence product backed by Chaucer. Cobalt, the London market’s only Shariah compliant underwriting agency, will offer the...
ISO Launches Management and Professional Liability Unit
Feb 1 2016 // ISO has launched a management and professional liability unit. The unit will spearhead new and revised coverage options as well as actuarial and analytics products for business and corporate risks. Joining ISO to lead the...
Hyperion Unit, RKH Specialty, Acquires UK Surety Broker, PMG
Feb 1 2016 // Specialty lines broker, RKH Specialty, part of the Hyperion Insurance Group, has acquired the UK’s largest independent specialist Surety broker, PMG Financial Services Ltd., subject to regulatory approval. Barnaby...
Lloyd’s Open Broker Sessions in Singapore Designed to Speed Placement Process
Feb 1 2016 // Lloyd’s has started holding open trading sessions at its Singapore hub, which are designed to speed up insurance placements. The sessions enable brokers to see multiple markets at one time and provide faster...
Lloyd’s Underwriter Marketform Appoints Murru as Financial Lines Underwriter
Jan 29 2016 // Specialist Lloyd’s underwriter Marketform, which operates Syndicate 2468 at Lloyd’s, announced that Roberto Murru joined the company as an underwriter in its growing financial lines team led by Ian West. Fluent...
Liberty Specialty Markets Enters Chinese Market via Lloyd’s China Platform
Jan 28 2016 // London-based Liberty Specialty Markets (LSM), which is part of Liberty Mutual Insurance Group, has joined the Lloyd’s China platform. LSM’s Underwriting Division of Lloyd’s Insurance Company (China) Ltd....
Marsh Launches Global Excess Cyber Risk Facility Called ‘Cyber ECHO’
Jan 27 2016 // Marsh has launched “Cyber ECHO”, a global excess cyber risk facility that provides more reliable insurance coverage for organizations around the world. Following a series of high-profile cyber losses,...
Texas Stamping Office: Growth in U.S. Surplus Lines Continued in 2015
Jan 25 2016 // Collectively, the surplus lines insurance service/stamping offices across the country processed a record-breaking $25 billion in premium in 2015, exhibiting 3.6 percent growth over the $24.2 billion in premium processed...
JLT Specialty USA Appoints Trinkleback as Sr. VP, Casualty Risk Control Leader
Jan 25 2016 // JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), named Robert Trinkleback as its new senior vice president, Casualty Risk Control leader at JLT’s Chicago office. Trinkleback, who most...
Texas Stamping Fee Rises, the First Change Since 2007
Jan 25 2016 // The surplus lines stamping fee rate in Texas increased at the beginning of year to 0.15 percent of the gross premium amount of surplus lines insurance policies. It’s the first change in the stamping fee for many...
A Look Back and Ahead with Nationwide Ventures’ Michael Miller
Jan 25 2016 // Michael Miller, the longtime president and chief operating officer of Scottsdale Insurance Co., has stepped into a new executive role with corporate parent Nationwide where he’ll manage and spearhead strategic...
The Changing Surplus Lines Landscape
Jan 25 2016 // The changing excess and surplus insurance landscape was an oft discussed topic at a recent California meeting, with experts describing the challenges and opportunities going forward. “The business that we have and...
Clark Tapped to Lead Nationwide’s Excess and Surplus Lines Business
Jan 22 2016 // Columbus, Ohio-based property/casualty insurer, Nationwide, announced that Tom Clark has been elected president of Nationwide’s Excess & Surplus lines business. In a planned leadership transition the company...
