Latest Excess Surplus Headlines

All the headlines from our Excess Surplus Topic Page, ordered by recency.

Ascot, Chaucer & Skuld Form Underwriting Consortium for Renewable Energy

May 21 2015 // Ascot Underwriting Ltd. has formed Renewco Consortium (ReCo), a dedicated and independent underwriting platform for the renewable energy industry. The Lloyd’s consortium is jointly led by Ascot and Chaucer and...

Berkshire Hathaway Specialty Launches Crime Protection Policy in Canada

May 20 2015 // Berkshire Hathaway Specialty Insurance (BHSI) has introduced a crime protection policy along with a new executive impersonation coverage endorsement for large public and private companies in Canada. “Designed by BHSI...

ANV Holdings Forms Consumer Products Team for Lloyd’s Syndicate 5820

May 19 2015 // ANV Holdings has unveiled a new consumer products team within Lloyd’s Syndicate 5820, reporting to Bruce Whitmee, who was recently appointed active underwriter (subject to regulatory approval). Based in London, the...

MSIG at Lloyd’s Hires Eyres in Property Underwriting; Dougall Heads P&C

May 18 2015 // MSIG at Lloyd’s, the international specialty arm of Mitsui Sumitomo Insurance Group, has appointed Martin Eyres as property underwriting manager and promoted Andrew Dougall as head of property and casualty. Eyres,...

Incoming President Ware Talks About Canadian Expansion & Why AAMGA Is More Than MGAs

May 18 2015 // The American Association of Managing General Agents (AAMGA) expanded its membership again in 2015 with the addition of eight new organizations, all based in Canada. The Canadian organizations sought to become part of the...

P/C Insurers Post Underwriting Profit, Record Surplus for 2014

May 18 2015 // The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion and reached another...

Brit Appoints Courchaine, Canna to New General Liability Team for U.S.

May 15 2015 // Global specialty insurer Brit PLC has named Steve Courchaine as senior vice president to launch a new General Liability team for Brit Global Specialty USA. Courchaine was formerly chief underwriting officer of IFG and has...

Lloyd’s Market Association Announces 2015 Board Election Results

May 14 2015 // The Lloyd’s Market Association (LMA) has announced six newly elected board members. They are: Andrew Brooks, CEO, Ascot Underwriting Stephen Eccles, active underwriter, Travelers Syndicate Management Richard Harries,...

ACE Enhances Excess Casualty Coverage for Middle Market Companies

May 12 2015 // ACE Group has expanded its range of excess casualty corporate risk coverages to provide more extensive protection to middle market clients. The enhanced offerings, available for businesses with revenues up to $1 billion,...

Maryland Issues Data Call for Claims Relating to Baltimore Unrest

May 11 2015 // The Maryland Insurance Administration (MIA) issued a data call for property/casualty insurers, the Maryland Automobile Insurance Fund (MAIF), the Joint Insurance Association (JIA), and surplus lines brokers in the state to...

Beazley Reports Q1 Premiums Up 6% to $546 Million

May 8 2015 // Beazley plc reported that first quarter premiums grew by 6 percent to $546 million, compared to $516 million in 2014. Beazley’s largest division, specialty lines, wrote $226 million during the first quarter, which is...

MSIG at Lloyd’s Appoints Wells, Radbourne in Property and Power Teams

May 8 2015 // MSIG at Lloyd’s has appointed Laura Wells as underwriter, property, and Matthew Radbourne as underwriter, power & utilities with immediate effect. Wells brings over 20 years’ industry experience to MSIG,...

Compass Specialty Risk Launched in Wisconsin

May 7 2015 // Compass Specialty Risk LLC, a new wholesale insurance broker and managing general agent has commenced national operations. The firm is headquartered in Middleton, Wis., with another office in Sacramento, Calif. Compass...

New Delaware Law to Help Lift Producers’ Surplus Lines Administrative Burden

May 6 2015 // Delaware insurance producers’ administrative burden when placing business in the surplus lines market will be lighter thanks to passage of House Bill 40 on Tuesday in the state General Assembly, the Delaware...

RenaissanceRe Reports Q1 Net Income of $167.8M, Up From $151M in Q1 2014

May 6 2015 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to RenaissanceRe common shareholders of $167.8 million, or $4.14 per diluted common share, in the first quarter of 2015, compared to $151.0 million,...

Orchid Underwriters Agency Acquires Coastal Agents Alliance in New Jersey

May 5 2015 // Orchid Underwriters Agency LLC, a Vero Beach, Florida-based managing general agent providing excess & surplus (E&S) insurance for coastal properties, announced that it has acquired Coastal Agents Alliance, a...

P/C Insurers Post Underwriting Profit, Record Surplus for 2014

May 5 2015 // The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion and reached another...

Best Affirms Ratings of XL and Subs; Removes from Under Review

May 4 2015 // A.M. Best has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of the ongoing...

Georgia High Court Sides with XL in Consent to Settlement Dispute

May 4 2015 // The Georgia Supreme Court denied an insured’s bad faith claim against its insurer for its refusal to pay a settlement because the insured settled on the amount without the consent of the insurer that was required by...

E&O Insights: Insuring Restaurants and Taverns Presents Some Real E&O Risks

May 4 2015 // Although most agencies insure at least one restaurant or tavern, this shouldn’t suggest that they are easy accounts to write. Errors and omissions (E&O) carriers will readily admit that writing this class of...