Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
3 U.S. Wholesalers Launch $25M D&O Program at Lloyd’s for North America
Nov 20 2014 // Three of the largest U.S. wholesale firms — CRC, AmWINS Brokerage, and Swett & Crawford — have launched a $25 million public directors and officers insurance program at Lloyd’s of London called the CAS...
Hamilton Insurance Plans to Acquire Sportscover Underwriting at Lloyd’s
Nov 18 2014 // Hamilton Insurance Group, the Bermuda-based holding company for property-casualty reinsurer Hamilton Re and insurer Hamilton USA, announced it has entered into a share purchase agreement to acquire Sportscover Underwriting...
Texas Surplus Lines Assoc. Presents Awards, Scholarships
Nov 17 2014 // The Texas Surplus Lines Association (TSLA) presented several awards and scholarships at its annual meeting, held recently in Austin. The “Joe Howse President’s Award” was presented to both Jennifer Mier...
Restrepo Elected President of Texas Surplus Lines Association
Nov 14 2014 // The Texas Surplus Lines Association Inc. elected officers and directors at its annual meeting in Austin on Nov. 10. Penny Restrepo New officers are: President Penny Restrepo, vice president/director commercial lines at...
Berkshire Hathaway Specialty Adds Contractor’s, Business Crisis Cover
Nov 13 2014 // Berkshire Hathaway Specialty Insurance (BHSI) has created a Contractor’s Broad Form Coverage, which is now available to contractors with BHSI’s primary general liability practice policies. In addition, BHSI is...
CNA Restructures Hardy’s Lloyd’s Property Unit with New Appointments
Nov 7 2014 // CNA Financial Corporation announced a number of changes to the Property team of London-based Hardy (Underwriting Agencies) Limited, an independent wholly-owned indirect subsidiaries of CNA. The Property Business Unit will...
Aspen US Realigns Casualty Business Around 4 Product Lines
Nov 6 2014 // Aspen US Insurance, part of the insurance segment of Aspen Insurance Holdings Limited, unveiled a realignment of its Casualty business, shifting from a general casualty model to a specialty one. The announcement said that...
Lloyd’s Names Cooper as its First Country Manager in Dubai
Nov 6 2014 // Lloyd’s announced that Mark Cooper has been appointed as the market’s first Country Manager for Dubai. Beginning in February he will head up Lloyd’s new operation in the Dubai International Financial...
State Auto Financial Reports $11.9M Net Income in Q3 2014
Nov 4 2014 // Columbus, Ohio-based State Auto Financial Corp. reported third quarter 2014 net income of $11.9 million, or $0.28 per diluted share, versus net income of $18.5 million, or $0.45 per diluted share, for the third quarter of...
Wholesaler RT Specialty Acquires Tennessee Underwriters
Nov 4 2014 // Ryan Specialty Group’s wholesale brokerage, R-T Specialty, LLC (RT) has acquired the assets of excess and surplus broker, Tennessee Underwriters Inc. (TUI). A family-owned business, TUI was formed in 1980 in...
Lloyd’s, Specialty Insurance Advisors Offer Ebola Coverage for First Responders
Oct 29 2014 // Lloyd’s of London is offering Ebola coverage for first responders through its U.S. distributor, Specialty Insurance Advisors, as an added benefit to its pre-existing Needle Stick and Workplace Violence coverage. The...
Atlantic Specialty Lines Hires Personal Lines Producer, Rob Hardway
Oct 23 2014 // Austin, TX, October 23, 2014– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, auto, professional, and personal lines coverages, is continuing its...
Maximum Adds E&S Sales Teams in Chicago, Florida
Oct 21 2014 // Maximum, an independent, Chicago, Ill.-based excess and surplus lines wholesale distributor, announced further expansion to its sales team. Chicago additions include Patrick O’Donoghue to the professional practice...
Litmus: More Bearish Ratings Expected for Reinsurance Sector
Oct 21 2014 // Since January the rating agencies have become increasingly negative on their outlook for ratings in the reinsurance sector overall, while in practice affirming or even increasing individual reinsurer* ratings. Standard and...
NJ Transit Sues Insurers Over Sandy Losses, Seeks $300M
Oct 20 2014 // New Jersey Transit, the nation’s third-largest bus, rail and light rail transportation provider, is suing several excess insurers to recoup additional $300 million for Superstorm Sandy losses. NJ Transit says its...
Global Indemnity to Acquire American Reliable from Assurant Specialty
Oct 17 2014 // Assurant Specialty Property, a business segment of Assurant Inc., has agreed to sell its general agency business and associated insurance carrier, American Reliable Insurance Co., to Global Indemnity Group Inc., the U.S....
Atlantic Specialty Lines Hires 32-year Insurance Industry Veteran, Suzy Popplewell-Baird
Oct 16 2014 // Houston, TX, October 16, 2014– Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, casualty, auto, professional, and personal lines coverages, is announcing a...
AIG’s Barone Joins Beazley’s Fidelity and Crime Insurance Unit
Oct 15 2014 // Beazley Plc hired Matt Barone from American International Group Inc., becoming the second insurer in a month to recruit from AIG to build groups that sell coverage protecting corporate clients against crimes. Barone joins...
IFG Hires Golder as Excess/Umbrella Division Director in Connecticut
Oct 14 2014 // IFG Companies has hired D. Scott Golder as director in its Excess/Umbrella Division. Golder will be based in IFG’s Hartford, Connecticut, office. For the past 25 years, Golder has held a number of underwriting and...
AIG Boosts Railroad Excess Liability Coverage to $1 Billion
Oct 9 2014 // American International Group Inc., the largest commercial insurer in the U.S. and Canada, introduced a policy to help railroads handle losses from catastrophic accidents as more crude oil is shipped by trains. The insurer...
