Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Robert C. Quirk of San Antonio-Based Quirk & Co. Passes
Dec 30 2015 // San Antonio, Texas-based wholesale insurance broker, Quirk & Company, announced the passing of its president and CEO for the past 41 years, Robert (Bob) C. Quirk. Born in 1946, Quirk graduated from the University of...
Ratings of Cincinnati Specialty Underwriters Insurance Co. Upgraded
Dec 22 2015 // A.M. Besthasupgraded the financial strength rating (FSR) to A+ (Superior) from A (Excellent) and the issuer credit rating (ICR) to “aa-” from “a” of The Cincinnati Specialty Underwriters Insurance...
Scottsdale Insurance’s Miller Departs to Lead Parent Nationwide’s Venture Arm
Dec 18 2015 // Michael Miller, the longtime president and chief operating officer of Scottsdale Insurance Co., has quietly moved onto a new executive role with corporate parent Nationwide where he’ll manage and spearhead strategic...
Specialty MGA Nexus Underwriting Acquires Millstream
Dec 17 2015 // Specialty MGA, Nexus Underwriting Management Limited, announced that it has acquired City of London based Millstream Underwriting Limited, an independent managing general agency specializing in travel personal accident and...
Lloyd’s Announces Plan to Launch Proprietary Insurance Index in 2016
Dec 16 2015 // Lloyd’s of London has announced that it “plans to launch its own insurance based index in mid-2016. This would be the first index for diversified risk, showing loss ratios and focused on insurance...
Clear Blue, New U.S. Commercial Insurance Fronting Operation, Opens for Business
Dec 15 2015 // A newly-formed commercial insurance fronting provider, Clear Blue Financial Holdings LLC, said it has officially launched with two fully-licensed fronting carriers and will begin servicing clients immediately. To launch...
Ironshore Announces Approval from Lloyd’s for Pembroke, Patria Re in Mexico
Dec 14 2015 // Ironshore Inc. announced that its Pembroke Managing Agency Limited and Mexico reinsurance company, Patria Re, have received Lloyd’s approval to establish a Special Purpose Syndicate (SPS). “Patria Re will join...
Berkshire Hathaway Specialty Enters Asia Surety Market; Ho Named Head
Dec 9 2015 // Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it is entering the Surety market in Asia and has appointed Andrew Ho as Vice President, Head of Surety, Asia, based in Singapore. “Our expansion...
2015- Modernization in the Non-Admitted Market
Dec 9 2015 // Dallas, TX, December 9, 2015- 2015 has been a big year for mergers and acquisitions in our industry. You read consolidation news everyday…Willis to buy Towers Watson…Confie acquires another broker…Gen...
Lloyd’s Performance Management Director, Bolt, to Leave Corporation Next Year
Dec 3 2015 // Lloyd’s of London announced its director of performance management, Tom Bolt, has decided to leave the corporation in mid-2016, after almost seven years of front line service. Bolt was appointed in September 2009,...
Ironshore Launches Hybrid Product for Fine Art Losses from Political Risks
Dec 2 2015 // Ironshore International has introduced a hybrid insurance product to protect against loss or damage of works of art in the care custody and control of Museums and Exhibition organizers, as well as personal fine art...
Klestinski Named VP – Specialty Lines at SECURA
Dec 2 2015 // SECURA Insurance, headquartered in Appleton, Wis., hired Kevin Klestinski as vice president – Specialty Lines Underwriting to lead this fast growing line of business for the company. Klestinski has more than 24 years of...
AXIS Capital to Write Treaty Reinsurance Business via Lloyd’s China Platform
Dec 2 2015 // Bermuda-based AXIS Capital Holdings Ltd. announced that AXIS Syndicate 1686 has recently received approval from Lloyd’s for the establishment of an underwriting division at Lloyd’s Insurance Company (China)...
All Risks Acquires Florida-Based Specialty Risk Underwriters
Dec 2 2015 // All Risks, Ltd., a nationwide independent wholesaler, has acquired Specialty Risk Underwriters (SRU), a national program administrator based in St. Petersburg, Fla. Specialty Risk Underwriters has developed a variety of...
Shanghai Asian Insurance Brokers Registered as 1st Chinese Lloyd’s Broker
Dec 1 2015 // Shanghai Asian Insurance Brokers Co. Ltd. (SAIB) has been registered as the first Chinese Lloyd’s registered broker. Based in Shanghai, SAIB specializes in liability insurance, special risk insurance and reinsurance,...
Lloyd’s Syndicates Join Forces to Help Emerging Markets Build Nat Cat Resilience
Nov 30 2015 // Eight Lloyd’s syndicates are joining forces to develop new solutions to help developing economies tackle underinsurance and improve their resilience against the economic impact of natural catastrophes. Emerging...
Hamilton’s Lloyd’s Operation Appoints 2 Senior Underwriters
Nov 25 2015 // Hamilton Underwriting Ltd., the managing agency of Lloyd’s Syndicate 3334, and the Lloyd’s operations of Hamilton Insurance Group, announced the appointment of two senior underwriters who will lead the...
Manchester Specialty, Allied World to Offer Miscellaneous Medical Program
Nov 24 2015 // Manchester Specialty Programs, a national specialty underwriting and insurance program management firm for home care, hospice, medical staffing firms, and miscellaneous medical facilities, is now offering a miscellaneous...
JLT Specialty USA Announces Addition of Marine Specialty in NYC
Nov 23 2015 // JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), a specialty-focused provider of insurance, reinsurance and employee benefits related advice, brokerage and associated services, announced the...
ACE Names Future Leadership Team for Overseas General Insurance Operations
Nov 23 2015 // ACE Ltd. announced the senior leadership team it intends to appoint for the new Chubb Group’s Overseas General Insurance division. This division comprises two major businesses: one with distribution through retail...
