Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
M&A Calendar: P/C Agent, Broker Mergers & Acquisition Headlines in 2014
Mar 23 2015 // Insurance Journal reported on more than 200 deals involving agencies’ or brokerages’ mergers and acquisitions in 2014. Activity was busiest in the first and fourth quarters, with more than 60 announcements...
UK’s MGAA Launches Initiative to Support MGA Talent Development
Mar 20 2015 // The UK’s Managing General Agents’ Association (MGAA), has announced a much needed initiative to find and promote “young talent” in the insurance industry. It’s specifically aimed at...
Lloyd’s Opens Branch Office in Beijing to Access New Chinese Business
Mar 18 2015 // Lloyd’s opened a branch office in Beijing to access new business and forge closer links with business partners in China’s capital. Lloyd’s also appointed Songlin Chen, as general manager of the Beijing...
JLT Specialty Names Battenfield Sr. VP, U.S. Downstream Energy in Houston
Mar 17 2015 // JLT Specialty Insurance Services Inc. (JLT Specialty USA), a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), appointed Robert M. Battenfield as senior vice president and leader of downstream energy. He is...
Berkshire Hathaway Specialty Insurance Names Head of Singapore Energy Business
Mar 16 2015 // Berkshire Hathaway Specialty Insurance (BHSI) today announced another key addition to its leadership team in Asia, naming Min Ong as Asia regional head of energy, based in Singapore. Malin Fredriksson, Asia regional head...
Lloyd’s Suit, Upcoming NFL Draft Shine Light on Sports Insurance
Mar 13 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...
HCC Specialty Partners with Weather Analytics
Mar 13 2015 // Specialty insurance underwriter HCC Specialty has formed a strategic alliance with Maryland-based Weather Analytics, a provider of precision climate, and weather data and analytics. Through this strategic alliance, HCC...
Nautilus Insurance Group Enhances Commercial Excess Product
Mar 13 2015 // Provides more options, flexibility and launches new platform. Scottsdale, AZ, March 13, 2015 – Nautilus Insurance Group, comprised of Nautilus Insurance Company (“Nautilus”) and Great Divide Insurance...
TUMI Now a Lloyd’s Coverholder, Launches Auto Liability & Transportation Programs
Mar 12 2015 // Trinity Underwriting Managers, Inc. (TUMI), a Georgia-based program administrator, is now an approved Lloyd’s Coverholder and recently began underwriting business on behalf of certain underwriters at Lloyd’s....
