Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Allied World Appoints Evans Non-Executive Chairman of Lloyd’s Managing Agency
Apr 15 2015 // Allied World Assurance Company Holdings, AG announced that Jonathan Evans will join the board of directors and become the Non-Executive Chairman of Allied World Managing Agency Limited, its Lloyd’s managing agency,...
XL, Cobalt Underwriting Launch Shariah-Compliant Equine Product at Lloyd’s
Apr 13 2015 // XL Group and Cobalt Underwriting have launched the first Shariah-compliant product to be available through Lloyd’s of London. The cover is an equine product, which responds to named perils, mortality, theft,...
Texas Commissioner Appoints 3 to Surplus Lines Stamping Office Board
Apr 10 2015 // Texas Commissioner of Insurance David Mattax has appointed Michael Berry of Cedar Park and Evelyn Miller of Baytown, and reappointed Jennifer Hoff of Cedar Park to serve on the Surplus Lines Stamping Office Board of...
Nautilus Insurance Enhances Its Cyber Coverage
Apr 10 2015 // Coverage offered as a General Liability sublimit Scottsdale, AZ, April 10, 2015- Nautilus Insurance, which writes on behalf of Nautilus Insurance Company and Great Divide Insurance Company, member companies of W. R....
Beazley, Korean Re Form Partnership; Create Special Purpose Lloyd’s Syndicate
Apr 9 2015 // Beazley and Korean Re announced a partnership to develop business together and to establish a special purpose syndicate at Lloyd’s, Syndicate 6050. Under the agreement, Syndicate 6050 will write a whole account quota...
Buchan Joins JLT Specialty’s Construction Practice; Lu Joins Environmental
Apr 8 2015 // JLT Specialty Insurance Services Inc. has appointed William Buchan as senior vice president of its Construction Practice, which is based in San Francisco. Buchan will help lead all facets of the Construction Practice, as...
ProSight Specialty, NABCEP to Offer Program for Certified Solar Professionals
Apr 7 2015 // ProSight Specialty Insurance has partnered with the North American Board of Certified Energy Practitioners (NABCEP), a provider of renewable energy practitioner certification, to launch an insurance offering for NABCEP...
Ryan Specialty Group Launches New MGU Windward Specialty
Apr 7 2015 // RSG Underwriting Managers (RSGUM) has launched Windward Specialty, a new managing general underwriter. Windward Specialty will underwrite a range of property risks exclusively through wholesale insurance brokers. The new...
Lloyd’s of London Offers Wildfire Insurance to Oregon at Higher Rates
Apr 6 2015 // The state of Oregon has a chance to continue its unique insurance policy that helps pay for fighting wildfires in big burning years – but at a higher premium and deductible. Lloyd’s of London has offered to cover...
A.M. Best: European Reinsurers Report Strong Results, Growth Limited
Apr 6 2015 // Major European reinsurers have posted very strong full-year results for 2014 and continue to be well capitalized, with profitable underwriting results due to the absence of sizable natural catastrophes and ongoing reserve...
Lloyd’s Suit, Upcoming NFL Draft Shine Light on Sports Insurance
Apr 6 2015 // As the 2015 National Football League draft approaches, a lawsuit against Lloyd’s of London by former University of Southern California Trojans receiver Marqise Lee has placed a spotlight on sports disability...
Freedom Specialty, IPISC to Offer Intellectual Property Insurance Products
Apr 2 2015 // Freedom Specialty’s Programs underwriting has partnered with Intellectual Property Insurance Services Corp. (IPISC) to offer intellectual property insurance products. The policy offers broad coverage provisions for...
Hamilton Completes Sportscover Acquisition; O’Donohoe is MGA CEO
Apr 1 2015 // The Bermuda-based Hamilton Insurance Group has completed the acquisition of Sportscover Underwriting Limited, the Lloyd’s managing agent for Syndicate 3334, and Kinetic Insurance Brokers Limited, a Lloyd’s...
ICAT Launches Special Purpose Lloyd’s Syndicate for Mid-Sized U.S. Risks
Apr 1 2015 // Colorado-based natural disaster recovery specialist ICAT announced that Lloyd’s of London has granted approval of Special Purpose Syndicate 6123 to further expand ICAT’s per risk capacity. Subject to completion...
ACE Creates International Excess Unit in Asia Pacific; Appoints Sexton
Mar 31 2015 // ACE Group has created a new business unit – ACE International Excess (AIE)– to provide commercial property insurance on an excess basis for large companies in the Asia Pacific region. The new business unit will be...
Guernsey’s Heritage Insurance Accorded Lloyd’s Registered Broker Status
Mar 27 2015 // Guernsey-based Heritage Insurance announced that it has been accorded Lloyd’s registered broker status. “This allows Heritage Insurance Solutions, the FCA-regulated arm of the Guernsey-headquartered Heritage...
Lloyd’s Reports US$4.9 Billion (£3.2 Billion) Profit for 2014, Level With 2013
Mar 26 2015 // Lloyd’s announced a pre-tax profit of US$4.9 billion (£3.2 billion) for 2014, which is unchanged from the profit figure reported in 2013. The 2014 profit was driven by a relatively benign year for major natural...
JLT Specialty USA Creates Environmental Brokerage Team
Mar 25 2015 // JLT Specialty USA said it has added an environmental team to provide environmental brokerage and advisory services in energy, construction, environmental professional, finance and aerospace sectors. The individuals...
StartPoint Adds $25M in Capacity for U.S. D&O Market
Mar 23 2015 // Managing general agency StartPoint has added $25 million in new capacity for the U.S. directors & officers (D&O) insurance marketplace. The complete amount of the capacity is provided by certain syndicates at...
Top 30 U.S. Excess & Surplus Lines Writers in 2014: SNL
Mar 23 2015 // American International Group (AIG) and Nationwide Mutual are the top writers of U.S. excess and surplus (E&S) business but Berkshire Hathaway Inc. has climbed to become the eighth largest writer in just two years. A...
