Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Endurance Hires Quartly to Launch International Casualty Insurance Business
Mar 7 2016 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Giles Quartly has joined the company senior vice president, head of International...
California Surplus Lines Association Elects Houska Chair, New Board
Mar 4 2016 // The members of the Surplus Line Association of California have elected Chris Houska, Western region managing director of R-T Specialty LLC, chair of the SLA Board of Directors. Houska’s election was finalized after...
A.M. Best Affirms Ratings of Beazley’s Lloyd’s Syndicates & US Insurer
Mar 4 2016 // A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings of “a+” of Beazley’s Lloyd’s Syndicates Syndicates 2623, 623, 3623 and 3622. The outlook for all...
Lloyd’s Underwriter Marketform Appoints Lednor as Chief Underwriting Officer
Mar 2 2016 // Specialist Lloyd’s underwriter Marketform announced that Darren Lednor, formerly the active underwriter of Ariel Syndicate 1910 and 6117, has joined as chief underwriting officer. Lednor has been working in the...
Ironshore Establishes Private Client Group, Launches Coverage in Select States
Mar 1 2016 // Ironshore Inc. has established a dedicated Private Client Group to introduce its new insurance plan, the Ironshore Private Insurance Portfolio. Ironshore’s personal lines policy will be available for high net worth...
ANV Increases Lloyd’s Underwriting Capacity for M&A Cover
Mar 1 2016 // ANV Global Services Ltd., the managing general underwriter (MGU) segment of specialty insurance group ANV Holdings, announced an increase in its Lloyd’s underwriting capacity for mergers and acquisitions...
Insurance, Specialty License Plate Bills Go Forward in Arizona
Feb 29 2016 // Bills that would create standard designs for specialty license plates and free auto insurance companies from limits on non-renewals moved in the Arizona Legislature. Senate Bill 1101: Standard designed for specialty...
Specialist Lloyd’s Underwriter Marketform to Exit General Liability Business
Feb 26 2016 // Specialist Lloyd’s underwriter Marketform announced it no longer will write general liability business. This decision forms part of a broader strategic review of the business, which included an assessment of...
Huczek Joins Compass Specialty Risk Assistant VP, Broker
Feb 25 2016 // Middleton, Wis.-based wholesale broker and managing general agent, Compass Specialty Risk LLC, has added Matt Huczek as assistant vice president and broker. Based in Middleton and focused on casualty lines with an emphasis...
Turner Tapped as Chairman and CEO; McCormack, President at RT Specialty
Feb 24 2016 // The board of directors of Chicago, Ill.-based Ryan Specialty Group has approved the following executive leadership changes at its wholesale brokerage, RT Specialty: Timothy W. Turner – chairman and CEO Edward F....
Safety National Forms Safety Specialty Insurance Company
Feb 22 2016 // Safety National Casualty Corporation has acquired an excess and surplus company that will begin operations in March 2016 as Safety Specialty Insurance Company (SSIC). Safety Specialty will initially focus on complementing...
Merger and Acquisition Activity Sets New High-Water Mark
Feb 22 2016 // Merger and acquisition activity for 2015 set a new record with 456 deals, sailing past the previous high-water mark of 325 deals set in 2012, according to recent data. The fourth quarter closed with 104 announced...
Pacific Specialty in California Promotes Guthrie, Kaufman
Feb 12 2016 // William Guthrie was named chief risk officer, and Melissa Kaufman was named vice president of product development of Menlo Park, Calif.-based Pacific Specialty Insurance Co. Pacific Specialty is part of the McGraw Group of...
Liberty Specialty Announces Specialty Lines and Fine Art & Specie Appointments
Feb 12 2016 // Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has promoted Mike Gosselin to the role of chief underwriting officer for specialty, while also naming David Saillen as head of fine art & specie –...
‘Brexit’ Will Create Real ‘Risks & Uncertainties’ for Lloyd’s & London Market
Feb 11 2016 // A UK exit from the European Union will create a “rarely experienced” level of uncertainty for Lloyd’s, the London market as well as the UK and other European economies, according to Sean McGovern,...
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...
