Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
XL to Write Nearly 10th of Lloyd’s Business After Catlin Deal
Jan 9 2015 // XL Group Plc said it would buy underwriter Catlin Group Ltd. for about 2.79 billion pounds ($4.22 billion), increasing the Dublin-based insurer’s share of business written in the Lloyd’s of London market to...
Ballinger on Growth, Professionalism in Texas Surplus Lines Market
Jan 8 2015 // Phil Ballinger retired at the end of December 2014 as executive director of the Surplus Lines Stamping Office of Texas (SLSOT), a post he’s held for more than two decades. During his tenure at SLSOT, the organization...
Berkshire Hathaway Specialty Insurance Enters Environmental Segment
Jan 7 2015 // Berkshire Hathaway Specialty Insurance (BHSI) is expanding its U.S. casualty underwriting capabilities to include pollution exposures and has named Chuck Hasselback to head its environmental group. According to Meredith...
Renewals See Lower Pricing, Broader Coverage, Reports Guy Carpenter
Jan 7 2015 // Guy Carpenter & Company reports reinsurance pricing fell at the January 1, 2015 renewals in many segments, affecting almost all lines of business and geographies, continuing recent renewal trends. According to Guy...
CNA Expands Specialty Lines Business in Canada
Jan 5 2015 // CNA announced that its $2.9 billion Specialty Lines business, specializing in professional and management liability, financial and other specialized property and casualty insurance products and services, will begin...
Global Indemnity Completes Purchase of American Reliable
Jan 5 2015 // Dublin-based Global Indemnity plc’s U.S. affiliate said it has completed its previously-announced purchase of American Reliable Insurance Co. from Assurant Inc. In a transaction valued at approximately $394,000,000,...
JLT Specialty Adds 5 to U.S. Energy Practice
Jan 5 2015 // Insurance and reinsurance broker JLT Specialty Insurance Services Inc., a U.S. subsidiary of Jardine Lloyd Thompson Group plc., announced the appointment of five additional specialists to its Houston-based energy risk...
USI Insurance Services Launches Terrorism Insurance Underwritten by Lloyd’s
Dec 24 2014 // USI Insurance Services has launched a new terrorism insurance product to address the expiring Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which ends Dec. 31. Unlike TRIPRA however, USI’s Terrorism...
Top 10 Casualty Insurance Trends for 2015: Marsh
Dec 17 2014 // While casualty insurance rates remain stable overall and new capacity continues to enter the market, certain classes of business continue to be difficult to place, according to Marsh’s U.S. Casualty Practice. The...
IFG Cos. Hires Fann as Excess & Umbrella Division VP in Atlanta
Dec 16 2014 // IFG Cos. in Burlington, North Carolina, has hired Tiffany Riggins Fann as vice president in its Excess and Umbrella Division. Fann will be based in IFG’s Atlanta office. Fann brings 15 years of specialty casualty...
RLI Promotes Drees to VP, Casualty Brokerage
Dec 12 2014 // Peoria, Ill.-based specialty insurer RLI Corp. has promoted Dennis Drees to vice president, casualty brokerage. Drees will lead RLI’s primary and excess/umbrella surplus lines business units. Drees joined RLI in 1994...
Specialty Insurer James River Raises $231M in IPO
Dec 11 2014 // James River Group Holdings Ltd., the specialty insurer backed by hedge fund company D.E. Shaw & Co. and Goldman Sachs Group Inc., raised $231 million in an initial public offering, pricing its shares below the marketed...
Lloyd’s Appoints Parry as New Director of Finance
Dec 11 2014 // The Council of Lloyd’s has appointed John Parry as Lloyd’s Director of Finance with immediate effect. He will also become a member of the Lloyd’s Franchise Board. Parry has been acting Director of Finance...
Lloyd’s Underwriter Pioneer Special Risk Expands to New York
Dec 10 2014 // Pioneer Underwriters announced that its Pioneer Special Risk (PSR), led by President Gary Dubois, has commenced underwriting via its New York based division. The bulletin explained that “Pioneer Special Risk has been...
Berkshire Hathaway Specialty Insurance Enters Singapore, Names Key Leaders
Dec 8 2014 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has received its non-life insurance license in Singapore, and named Marc Breuil as regional president, Marcus Portbury as head of third party lines, and Peter...
NSM Insurance in Texas Names Mattiello Director of Specialty Aviation
Dec 3 2014 // NSM Insurance Group has named Larry Mattiello director of specialty aviation underwriters. Mattiello began his aviation insurance career 35 years ago and has experience in general aviation insurance, safety and risk...
K&B Underwriters in Virginia Partners With Freedom Specialty
Dec 2 2014 // K&B Underwriters, a Reston, Virginia-based program administrator and wholesale insurance brokerage for senior living facilities, announced its partnership with New York-based Freedom Specialty for its DigniCARE...
2014 State Specialist P/C Insurers Revealed
Dec 1 2014 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National Association of Insurance Commissioners (NAIC). The 11...
EPIC Acquires Atlanta Specialty Brokerage Greyling
Nov 24 2014 // EPIC Insurance Brokers and Consultants, a retail property/casualty insurance brokerage, has acquired Greyling Insurance Brokerage & Risk Consulting, Inc., a specialty insurance broker and risk management consultant...
China Re to Underwrite at Lloyd’s, Syndicate to Be Managed by Catlin
Nov 21 2014 // China Reinsurance (Group) Corporation has received approval from Lloyd’s to transform its existing special purpose syndicate into a stand-alone syndicate that will underwrite a diversified book of business, initially...
