Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Distinguished LLC Acquires Fulcrum Programs in Washington
Oct 27 2015 // Distinguished LLC finalized its acquisition of Bellevue, Wash.-based Fulcrum Insurance Programs. Terms of the deal were not disclosed. Fulcrum will combine with Distinguished’s own real-estate and hospitality program...
Ironshore Acquires Novae Group’s Agricultural Team and Renewal Portfolio
Oct 26 2015 // Bermuda-based Ironshore International announced the acquisition of the reinsurance renewal rights to Novae Group’s global agriculture reinsurance portfolio. The transfer is conditional on Lloyd’s approval and...
Patria Re Set to Become First Mexican Insurer to Join Lloyd’s Platform
Oct 23 2015 // Lloyd’s has announced that it has “given in principle approval for Patria Re, the Mexican insurance company, to join the Lloyd’s platform. Patria Re will set up a special purpose syndicate in partnership...
P/C Insurers Posted $31B Profit for 2015 1st Half, Highest 1st-Half Income Since ’07
Oct 21 2015 // Private U.S. property/casualty insurers’ net income after taxes grew to $31.0 billion in the first half of 2015 from $26.0 billion in the first half of 2014, according to a report today from Verisk Analytics’...
Lloyd’s Signs MoU with China’s Taiping Insurance Group
Oct 21 2015 // Lloyd’s announced that it has signed a Memorandum of Understanding (MoU) with China Taiping Insurance Group, “marking a significant level of co-operation between the world’s only specialist insurance and...
Lloyd’s CEO Beale, 5 Others in Insurance Named LGBT Role Models
Oct 20 2015 // Inga Beale, CEO of Lloyd’s of London, has been named an outstanding lesbian, gay, bisexual and transgender (LGBT) executive role model by the London-based LGBT business organization OUTstanding and Financial...
Arrowhead General Insurance Agency Adds New All Risk Property Program in 50 States
Oct 19 2015 // San Diego, CA, October 19 2015 – Arrowhead General Insurance Agency, Inc. (Arrowhead), one of the largest program administrators in the country, announced today the addition of a new Commercial All Risk property...
Lloyd’s Report Aims to Reduce Dangerous Liability Risk Accumulation
Oct 16 2015 // Lloyd’s has issued a new report, addressing the “accumulations of liability risk,” which indicates that they “have the potential to send shockwaves through the insurance industry and are one of the...
XL Catlin Bermuda Creates New Prof. Lines D&O Excess Side A ‘DIC’ Policy
Oct 15 2015 // XL Catlin’s Professional Lines Insurance Operations in Bermuda announced the launch of a new Directors & Officers lead excess ‘Side A’ Difference In Conditions (DIC) policy, “to address various...
Ascinsure Specialty Risk to Offer All-Lines Crane, Scaffold Programs
Oct 15 2015 // Ascinsure Specialty Risk LLC is now offering two new, all-lines programs designed specifically for the crane and scaffold industries. Ascinsure has been a program underwriting manager and wholesaler within the crane and...
Aon Benfield Issues ‘Latest Update’ Report on Lloyd’s
Oct 14 2015 // Aon Benfield has issued a thorough “latest update” report on Lloyd’s, detailing its syndicates, assets and other pertinent facts. Mike Van Slooten, international head of Market Analysis at Aon Benfield...
South Carolina Issues Data Call for Insurers Dealing with Storm Claims
Oct 14 2015 // The South Carolina Department of Insurance (SCDOI) has issued a catastrophe claims data call relating to the flood event that hit the state beginning Oct. 1 and its aftermath. In accordance with South Carolina Code of Laws...
Surplus Lines Insurance Sees Moderate Growth Thus Far in 2015
Oct 13 2015 // Collectively, the 14 U.S. surplus lines stamping offices have reported moderate growth in surplus line premiums during the first half of 2015. Approximately 60 percent of all surplus lines insurance is processed by...
ANV Appoints Helson as CEO for Lloyd’s Business
Oct 13 2015 // Global specialty insurance group ANV Holdings BV announced the appointment of Janet Helson as CEO of the group’s Lloyd’s Managing Agency, ANV Syndicates Limited, subject to regulatory approval. Effective...
New York-Based Freedom Specialty Rebranded as Nationwide
Oct 12 2015 // Nationwide Mutual Insurance Company announced that the New York-based Freedom Specialty Insurance Company is taking on the Nationwide name, effective Oct. 8. Freedom Specialty’s rebranding aims to leverage...
What’s Driving Surplus Lines Insurance Growth?
Oct 12 2015 // Times are good for surplus lines professionals. The surplus lines industry reached new heights in 2014, growing direct premium written (DPW) in 2014 to $40.2 billion – the highest point in history, reports A.M....
Waiting List for Insurers to Get Seats on Lloyd’s Underwriting Floor Hits Record
Oct 8 2015 // The waiting list for an insurer to get a spot on the underwriting floor of Lloyd’s of London is the longest in its 327-year history, indicating record demand for access to the market. Lloyd’s has requests for...
College Player Files $3M Claim with Lloyd’s for Drop in NFL Draft
Oct 6 2015 // For the first time ever, a former college football star will cash in on an insurance policy that protected him from a free-fall in the NFL draft. CBS Sports’ Dennis Dodd reports that Ifo Ekpre-Olomu will collect a $3...
Hub International Creates Specialty Program Subsidiary; Hires Treanor to Run
Oct 5 2015 // Insurance broker Hub International Limited (HUB) said it has established a wholly owned subsidiary – Specialty Program Group – to grow its program underwriting and specialty business. Chris Treanor has joined the...
13 Specialty Insurers Emerging As Takeover Targets: S&P
Oct 1 2015 // Standard & Poor’s sees a number of specialty insurers as potential takeover targets by both rival carriers and investors seeking to expand in the segment, thanks to stellar operating performance versus the P/C...
