Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
What to Know About Insurance Company Financial Status
Sep 7 2015 // I recently listened to an insurance company executive give a discombobulated, “woe is me” speech to a room of agents who were largely ignorant of carriers’ financial success. To summarize his...
Repeating Mistakes
Sep 7 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 poll of Lloyd’s reinsurance...
10 Drivers of Surplus Lines Growth
Sep 7 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....
Lloyd’s and its Syndicates 2015 – Adapting to Changing Times
Sep 7 2015 // If one word could describe Lloyd’s of London, it would be “change.” There are very few business enterprises that have stayed in business as long as Lloyd’s – 327 years. It has survived wars,...
Stamping Offices Report Moderate Growth in U.S. Premium
Sep 7 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...
MGAs Next to Feel Impact of Capital Markets: AmWINS’ DeCarlo
Sep 7 2015 // Steve DeCarloNow that traditional reinsurers are adjusting to the idea that third-party capital providers have moved into their space, managing general agents (MGA) may be next to feel the negative impact of new capital,...
Lloyd’s: Cities Hurt More by Market Crashes Than Natural Disasters
Sep 4 2015 // A stock-market crash could erase as much as $170.3 billion from major cities’ gross domestic product in the U.S. and Canada and is the biggest threat to their economies, Lloyd’s of London said. The losses,...
Surplus Lines Posts Record-Breaking Year for 2014
Sep 4 2015 // The surplus lines industry broke records in 2014, growing direct premium written (DPW) in 2014 to $40.2 billion — the highest point in history, reports A.M. Best’s “2014 Special Report U.S. Surplus Lines –...
XL Catlin Realigns U.S. Excess/Surplus Team, Names 3 Regional VPs
Sep 3 2015 // XL Catlin’s Excess & Surplus (E&S) Casualty business has unveiled a new geographically-focused structure and named three new regional leaders. Coy Rudd is appointed East regional vice president in New York;...
Lloyd’s City Risk Index Shows $4.6 Trillion GDP at Risk in 301 Cities
Sep 3 2015 // The first-ever Lloyd’s City Risk Index, which analyzes the economic output at risk (GDP at risk) in 301 major cities from 18 manmade and natural threats over a 10-year period, concludes that a total of $4.6 trillion...
A.J. Renner & Associates Acquired by RT Specialty
Sep 2 2015 // R-T Specialty LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group LLC, has acquired A.J. Renner & Associates, an Illinois-based wholesale insurance broker specializing in the life science...
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...
