Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
MSIG at Lloyd’s Launches Bloodstock Account With 2 Appointments
Mar 3 2015 // MSIG at Lloyd’s has moved into the bloodstock market with the appointment of specialist underwriters Rebecca Attridge and Phil Needham. Attridge and Needham both report to Caroline Koczerzat, underwriting manager,...
USDA Seeks Crop Insurance Products for Specialty Crop, Fruit, Vegetable Growers
Mar 2 2015 // The federal crop insurance program would be extended to growers of specialty crops, fruits and vegetables as well as other farmers who have not had access to policies under new rules proposed by the U.S. Department of...
Arthur J. Gallagher Acquires Excel Insurance, Metcom Excess in N.J.
Mar 2 2015 // Arthur J. Gallagher & Co. announced the acquisition of two New Jersey-based wholesale brokers: Excel Insurance Services Inc., located in Hamilton; and McCloskey Surplus & Excess Inc. (d/b/a Metcom Excess),...
JLT Rebrands Bermuda Unit; Senior Management Changes Announced
Mar 2 2015 // Jardine Lloyd Thompson Group plc announced that JLT PARK will be rebranded as JLT Specialty Bermuda. This change became effective on March 1, 2015, subject to regulatory approval. JLT also is announcing a number of senior...
Ariel Re Launches Ariel Specialty Insurance Managers
Feb 27 2015 // Ariel Specialty will commence underwriting E&S property business on March 1st, 2015, with business being written through wholesale brokers only on a limited appointment basis and on behalf of Ariel’s...
Fairfax Financial to Benefit From its Acquisition of Brit plc: Moody’s Report
Feb 27 2015 // The proposed acquisition of Brit plc by Fairfax Financial Holdings is “credit positive” for Fairfax, according to Moody’s, which noted that the deal will significantly boost Fairfax’s underwriting...
Weaver Joins Aegis Specialty Insurance Services in California
Feb 24 2015 // Sunnyvale, Calif.-based Aegis Specialty Insurance Services has named Brian Weaver vice president of sales. Weaver has more than 34 years of insurance sales experience. Most recently, Weaver was vice president of sales for...
Lloyd’s Appoints First General Representative in South Korea
Feb 24 2015 // Lloyd’s has appointed Jin-Yung Sun as its first general representative in South Korea. Sun has worked in the (re)insurance industry for 35 years as both an underwriter and a Lloyd’s broker. He spent the first...
Berkshire Hathaway Specialty Insurance Fills 2 Key Positions in Singapore
Feb 23 2015 // Berkshire Hathaway Specialty Insurance (BHSI) announced two appointments to its leadership and underwriting team in Asia, naming Malin Fredriksson as Asia regional head of first party lines, and Kiran Prakash as Asia...
Texas Insurance Wholesalers Wary of Retail Agent Association MGA
Feb 23 2015 // In mid-November 2014, Texas’ largest association of independent retail insurance agents took the unprecedented step of acquiring a managing general agency as a way of providing its members greater access to...
Navigators Launches Lloyd’s-Based International Casualty Unit
Feb 19 2015 // The Navigators Group, Inc. announced that Navigators Underwriting Agency Ltd., its wholly owned Lloyd’s managing agency subsidiary, has created an International Casualty unit, which will “offer a range of...
Pacific Specialty Adds Biewer, Lee to C-Suite
Feb 17 2015 // Pacific Specialty Insurance Co. has named David Biewer as chief financial officer and Jim Lee as chief information officer. Biewer spent the past 14 years at Esurance, the last nine years as chief actuary and vice...
Lancashire Seen as Target as Lloyd’s Consolidation Trend Continues
Feb 17 2015 // Lloyd’s of London insurers Lancashire Holdings plc and Novae Group plc may be the next in line for takeover offers after Brit plc became the second U.K. firm within weeks to be acquired. Lancashire, which gained...
Coverys Launches Excess & Surplus Lines Company
Feb 13 2015 // Coverys, a Boston-based provider of medical professional liability insurance and related services, announced the creation of Coverys Specialty Insurance Company, a new excess and surplus lines underwriting company. The New...
Palomar Specialty, Wellington to Launch Wind Insurance Product in Texas
Feb 13 2015 // Palomar Specialty Insurance Co., based in La Jolla, Calif., has partnered with Fort Worth-based Wellington Risk Insurance Agency Inc. (Wellington), to offer wind-exposed residential property insurance in Tier II counties...
Specialty Insurance Group, Reel Media Partner on Entertainment Segment Offerings
Feb 13 2015 // Specialty Insurance Group (SIG) and Reel Media, LLC have formed a strategic alliance within the entertainment industry to service the specialty entertainment insurance market segments. The agreement combines the...
Essary Named Exec. Director of Surplus Lines Stamping Office of Texas
Feb 13 2015 // Norma Carabajal Essary has been appointed as executive director of the Surplus Lines Stamping Office of Texas (SLSOT), effective March 1, 2015. She succeeds Philip R. Ballinger, who retired Jan. 2, 2015, after 22 years of...
Texas Insurance Wholesalers Wary of Retail Agent Association MGA
Feb 9 2015 // In mid-November 2014, Texas’ largest association of independent retail insurance agents took the unprecedented step of acquiring a managing general agency as a way of providing its members greater access to...
P/C Insurers’ Surplus Rose, Profit Fell in 2014’s First 9 Months
Feb 9 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
ProHost USA, XL Add Umbrella Excess Coverage to Restaurant Insurance Product
Feb 6 2015 // XL Group and insurance program administrator ProHost USA have added an extra layer of insurance protection to its umbrella excess insurance coverage product offering for fine dining and casual...
