Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Casualty Reinsurance Underwriters Concerned History Repeating Itself
Sep 1 2015 // Lloyd’s international casualty reinsurance underwriters are running the risk of repeating the same mistakes that have placed the market in difficulty in the past, according to a new straw poll of Lloyd’s...
Carvey Appointed Head of Treaty at Hamilton at Lloyd’s
Aug 31 2015 // Hamilton Underwriting Limited, the Lloyd’s managing agency of Bermuda-based holding company Hamilton Insurance Group, has hired Trevor Carvey as head of treaty. Carvey will report to Dermot O’Donohoe, chief...
Florida-Based Advanced E&S Group Opens Dallas Office
Aug 28 2015 // Advanced E&S Group, a Florida-based managing general agency, has hired April Moeser, branch manager, and Lisa Sherman, underwriting, to facilitate the opening of the firm’s new branch office operations in Dallas,...
Concord Specialty Hires DeRose as Senior Underwriting Counsel in New York
Aug 28 2015 // Concord Specialty Risk, a New York City-based managing general underwriter and underwriting agent for a number of carriers and a series of RSG Underwriting Managers LLC, specializing in providing transactional risk...
Hudson Crop Launches Total Revenue Coverage
Aug 26 2015 // Hudson Insurance Co. has added Total Revenue Coverage (TRC) to Hudson Crop’s suite of private products. TRC is a supplemental insurance policy to multi-peril crop insurance (MPCI) that offers farmers a single, firm,...
ProSight Specialty, Allied Insurance Brokers Launch Scaffold Insurance Program
Aug 24 2015 // ProSight Specialty Insurance has partnered with Allied Insurance Brokers to offer coverage for the scaffolding industry. According to The Occupational Safety and Health Administration (OSHA) it is estimated that 65 percent...
8 Ways Katrina Changed Commercial Property Insurance
Aug 21 2015 // Hurricane Katrina, which devastated New Orleans 10 years ago, is responsible for a number of changes in the commercial property insurance market. According to Rick Miller, U.S. property practice leader at Aon Risk...
ACE Commercial Expands Small Business Specialty Offerings Online
Aug 20 2015 // ACE Commercial Risk Services (ACE CRS) announced several new products that expand its suite of specialty commercial products for small businesses. The products are available through ACE Solutions Fast Track, an online...
Drone Growth Threatened by Cyber, Human Error, Privacy Concerns: Lloyd’s Report
Aug 20 2015 // “Cyber-attacks, reckless pilots and privacy breaches are fundamental threats to the drone industry.” That’s the overall conclusion of a new report published by Lloyd’s, entitled “Drones Take...
Everest Re Names Germano, Morelli to U.S. Specialty Casualty Posts
Aug 19 2015 // Everest Re Group, Ltd. announced two leadership appointments to its U.S. Insurance Specialty Casualty Operation. Connie Germano has been appointed leader of the U.S. Specialty Casualty Operation, responsible for the...
CCRIF Members Complete Enhanced Catastrophe Portfolios for 2015-16
Aug 13 2015 // The 16 Caribbean member governments of CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), the co-operative association that covers risks from natural catastrophes in the region, announced that they...
XL to Acquire Entertainment Insurance Firms Allied Specialty, T.H.E Company
Aug 11 2015 // Insurer X.L. America Inc. has agreed to acquire Allied International Holdings Inc., the Florida-based holding company of Allied Specialty Insurance Inc. and T.H.E. Insurance Co., a leading insurer of the outdoor...
Update: Delta Lloyd’s $588 Million First Half Loss Raises Capital Concerns
Aug 11 2015 // Delta Lloyd NV fell the most on record after interest-rate hedging and declines in bonds spurred a first-half loss, raising concern the Dutch insurer may need to raise capital. The shares fell 20 percent to 13.17 euros at...
R-T Specialty Division Launches Retired Directors Policy with Full Binding Authority
Aug 11 2015 // R-T Specialty, LLC’s Retired Directors Assurance Underwriting Services, a division of R-T Specialty, LLC, has a new binding authority for the Retired Directors Assurance (RDA) policy, which provides contingent...
Lloyd’s Market Association Appoints Curtis as Director of Finance and Risk
Aug 4 2015 // Ken Curtis has been appointed as director of finance and risk for the London-based Lloyd’s Market Association, which represents the interests of the Lloyd’s underwriting community. He formerly was group chief...
Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z.
Aug 4 2015 // Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it has begun underwriting Marine Insurance in Australia and New...
American Specialty Insurance & Risk Services, Inc. Announces New Dance Studio Online Insurance Program
Aug 4 2015 // Fort Wayne, IN, August 4 2015: American Specialty is pleased to announce the roll out of its latest online insurance program for U.S. based dance schools and studios specializing in the instruction of performance and...
SJU to Honor Lloyd’s CEO Beale With Insurance Executive of the Year Award
Aug 3 2015 // Inga Beale Saint Joseph’s University’s Academy of Risk Management and Insurance in Philadelphia announced today it will present its Insurance Executive of the Year Award to Lloyd’s Chief Executive Officer...
Delta Lloyd’s CFO Resigns After Court Upholds Fine for Information Abuse
Aug 3 2015 // Delta Lloyd NV Chief Financial Officer Emiel Roozen stepped down after a court upheld a central-bank decision fining the insurer for making trades based on confidential information. Supervisory Board Chairman Jean Frijns...
Louisiana to Withdraw from Multi-State Surplus Lines Clearinghouse
Aug 3 2015 // Effective Oct. 1, Louisiana will withdraw from the Nonadmitted Insurance Multi-state Agreement (NIMA) and the NIMA-sponsored surplus lines clearinghouse, state insurance regulators announced. The state’s withdrawal...
