Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Nautilus Expands Contractors Program, Reduces Rates
Jul 9 2015 // Nautilus Insurance, a W. R. Berkley Co., has enhanced its general liability product offering for contractors, while also expanding product availability to all states except Colorado and New York. Nautilus Insurance writes...
U.S. Power Grid Attack Could Cause $70 Billion Insurance Losses: Lloyd’s Report
Jul 8 2015 // A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water supplies and...
AmWINS Launches New Cyber Liability Product
Jul 7 2015 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, announced today the launch of a new dedicated excess facility designed to meet the rapidly growing demand for cyber liability...
Web Services Turns Hit Ratios Upside Down for Surplus Lines MGA.
Jun 30 2015 // Dallas, TX, June 30 2015–To use a baseball metaphor, Texas All Risk General Agency (TAR) is batting .725 with Atlantic Casualty Insurance Company at the mid-year point. According to TAR VP David Day, “With the All...
MarketScout Adds Staff to Private Client Division in Florida
Jun 26 2015 // MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, has expanded its Private Client Solutions (PCS) E&S division with new hires in its Fort Lauderdale, Fla.,...
Dubai-Based Chedid Re Announces Registration as Lloyd’s Broker
Jun 25 2015 // Chedid Europe Reinsurance Brokerage Limited, headquartered in Dubai, UAE, has announced its registration as a Lloyd’s broker. Chedid Re, which is a subsidiary of the Lebanese group Chedid Capital Holding, said this...
Lloyd’s Stops Insuring Marijuana Firms Due to U.S. Law Conflicts
Jun 24 2015 // Lloyd’s of London has stopped insuring marijuana industry firms of any kind due to conflicts between federal and state laws over their legality. In a May 29 memo addressed “Dear Colleague,” obtained by...
Aon Benfield Analytics Releases Lloyd’s Update; 2014 Performance Examined
Jun 22 2015 // Aon Benfield Analytics’ Market Analysis team has released its latest Lloyd’s Update report, which assesses the market’s 2014 financial performance and latest developments. Key findings in the report...
JLT Specialty, Keeper Security Form Client Data Protection Partnership
Jun 18 2015 // JLT Specialty Insurance Services Inc. (JLT Specialty USA), and Keeper Security, Inc., a password manager and digital vault, have formed a partnership designed to offer clients a tool to protect confidential and private...
Wyatt Appointed Development Director for RSA’s Global Specialty Lines
Jun 16 2015 // RSA, one of the largest UK commercial insurers, has appointed David Wyatt to the newly created role of development director within its Global Specialty Lines (GSL) business. Reporting to Nick Donovan, head of Sales and...
Lloyd’s Report Highlights Vulnerability of Global Food System
Jun 16 2015 // Lloyd’s has published the results of a study that examines the “vulnerability of the overstretched global food system to sudden shocks, and the wide repercussions for communities, businesses and...
Barbican Underwriter Elected Chair of Lloyd’s Market Association Cyber Group
Jun 15 2015 // Geoff White, underwriting manager for Cyber, Technology and Media at Barbican Insurance Group, has been elected chairman of the Lloyd’s Market Association’s (LMA) newly created Cyber Business Panel. White was...
JLT Specialty Names Aon’s van Heukelum as Chief Commercial Officer
Jun 15 2015 // JLT Specialty Insurance Services Inc. has appointed Hans H. van Heukelum as chief commercial officer. Van Heukelum will lead the broker’s U.S. strategy and expansion with respect to clients, prospects, markets and...
Ironshore Names Whitehead Chief Underwriting Officer for Special Casualty
Jun 10 2015 // Ironshore Inc. has named Kevin Whitehead as executive vice president and chief underwriting officer of the Specialty Casualty unit. He will be responsible for setting underwriting guidelines and strategies for existing and...
MarketScout Launches New High Net Worth Underwriting Facility
Jun 10 2015 // MarketScout, the national electronic insurance exchange and specialty MGA, has expanded its specialty high net worth underwriting practice with the addition of a new non-admitted $3.1 billion facility targeting agents with...
Lloyd’s Specialist Insurer Marketform Promotes Two Underwriters
Jun 8 2015 // Specialist Lloyd’s underwriter Marketform has announced the promotion of Ian West to Head of Financial and Professional Lines. He will also continue as the Class Underwriter for Financial Lines, reporting to Chief...
Ariel Re to Use Xuber Software for Lloyd’s and Bermuda Reinsurance
Jun 8 2015 // Xuber, Xchanging’s insurance software business, announced that it has been appointed by P/C reinsurer Ariel Re to provide “the Xuber ‘for Reinsurers solution suite’ for the company’s...
ProSight Specialty Launches Insurance Program for Drone Operators
Jun 5 2015 // ProSight Specialty Insurance has launched a new insurance offering for drone operators. The proprietary program was developed from the company’s experience in insuring drone use in the film and live media industries...
Specialty Insurance Group Appoints Peters as Underwriting Director
Jun 5 2015 // Specialty Insurance Group (SIG), based in Indianapolis, has appointed Marla Peters as director of Underwriting. In addition to her director responsibilities, Peters will act as a production underwriter in the recreational...
Lloyd’s Agency Ascot Appoints Casualty Fac Team for Ascot Underwriting in U.S.
Jun 4 2015 // Ascot Underwriting Ltd., the London-based Lloyd’s managing agency, has appointed Scott Beall as chief underwriting officer of casualty facultative and Lex Smart as senior vice president of Ascot Fac. The team will...
