Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Kaufman Financial Group Acquires Marine & Energy Broker Oval International
Sep 3 2014 // The H.W. Kaufman Financial Group has announced the “purchase of London-based Oval International, a Lloyd’s broker that is globally recognized for placing complex marine and energy risks.” Kaufman...
JLT Group Expands U.S. Specialty Reach, Merges JLT Specialty, Lloyd & Partners
Sep 2 2014 // Jardine Lloyd Thompson Group plc (JLT) a global providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, has expanded its U.S. specialty capabilities and merged JLT...
Argo Group Hires Ribeiro as Head of International Businesses
Sep 2 2014 // The Bermuda-based Argo Group International Holdings announced that Jose Ribeiro has been hired to the newly created position of head of international, effective immediately. He will be based in the company’s London...
California-Based Palomar Specialty Insurance Expands Into More States
Aug 22 2014 // La Jolla, Calif.-based Palomar Specialty Insurance Co., established in February 2014 as a specialty catastrophe insurer, announced it is now licensed to write residential and commercial insurance in 14 states. Palomar...
Florida Opens, Closes Surplus Lines Opportunities
Aug 20 2014 // The recent legislative session in Tallahassee was relatively quiet, a matter some attribute to this being an election year. But even in quiet years, Florida lawmakers tend to make some noise about the insurance industry...
Alteris Launches Specialty Insurance Program for Large Water-Related Entities
Aug 19 2014 // Alteris Insurance Services Inc. has launched a new specialty insurance program for large water-related entities in the contiguous U.S. (excluding Alaska and Hawaii). Alteris’s new coverage provides protection to...
Landrum Appointed Underwriting Director at Specialty Insurance Group
Aug 15 2014 // Indianapolis-based Specialty Insurance Group (SIG) appointed Charles (Charlie) Landrum as underwriting director, with a specialty focus in the sports and entertainment markets. Prior to joining the SIG team, Landrum was...
States Still Grappling with Surplus Lines Tax Sharing
Aug 15 2014 // Things have changed a bit for the surplus lines industry since the Non-admitted and Reinsurance Reform Act, (NRRA) part of the Dodd-Frank Wall Street reform legislation, passed in 2010. The NRRA’s implementation has...
R-T Specialty Names Dryden Assistant Vice President in California
Aug 13 2014 // R-T Specialty Group has named Dina Dryden assistant vice president of RT Binding Authority in the firm’s La Jolla, Calif. Office. Dryden will be responsible for underwriting complex program and non-program risks...
Lloyd’s Warns Sea Level Rise, Land Subsidence Imperil Many ‘Megacities’
Aug 13 2014 // A bulletin from Lloyd’s of London warns that, “as sea levels rise, ground levels in coastal megacities are also falling – with potentially disastrous implications for insurers. Insurers of large property...
CCRIF/Swiss Re Offer Caribbean Governments Insurance against Excess Rainfall
Aug 11 2014 // The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced that eight of its members have become the first countries to purchase its excess rainfall insurance coverage – for the 2014/2015 policy year. CCRIF...
Best Affirms Catlin Group’s Ratings; Outlook Stable
Aug 8 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Catlin Insurance Company Limited (CICL) (Bermuda), Catlin Insurance...
State Auto: Net Income Down, Written Premium Up for Q2 1014
Aug 5 2014 // State Auto Financial Corp. reported net income for the second quarter 2014 that was nearly 50 percent less than its net income for the same period in 2012, while net written premium increased in Q2 2014 compared with Q2...
Aon Benfield Analytics Releases Report on Lloyd’s
Jul 29 2014 // Aon Benfield Analytics’ Market Analysis team has launched its latest Lloyd’s Update report, covering the market’s business position in 2014, strategy over the next three years and financial results in...
Best Affirms Lloyd’s, Lloyd’s (China) Ratings; Outlook Positive
Jul 28 2014 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance Company (China) Limited (LICCL)...
Best Comments on Insurance Implications of Malaysia Airlines Flight MH-17 Crash
Jul 24 2014 // A.M. Best has released a preliminary report, which indicates that the “total insurance loss of Malaysia Airlines Flight MH-17, which crashed over the Ukraine-Russia border on July 17, 2014, is not expected to result...
American Claims Management Now Managing GL & Excess Claims For Golden Insurance Company Risk Retention Group
Jul 24 2014 // San Diego, CA, 07/24/14 – National third party administrator (TPA) American Claims Management, Inc. (ACM) was chosen by Golden Insurance Company Risk Retention Group (RRG) to manage its general liability and excess...
CGS&C’s New MGA Targets U.S. Healthcare Industry with Lloyd’s
Jul 22 2014 // Wholesale insurance broker Cooper Gay Swett & Crawford (CGSC) has launched an underwriting management agency specializing in the healthcare industry. The new venture, Pro-Praxis Insurance, will be led by Robert Allen...
E&O Insights: Why It’s Important to Review E&S Proposals
Jul 21 2014 // Hard market or soft, having an active relationship with at least a couple of excess and surplus lines (E&S) wholesalers is typically required for agencies to be successful. For as long as insurance has been part of...
Deal Analysis: Why Validus Is Buying Western World
Jul 21 2014 // The combination of Validus Holdings and Western World Insurance Group fills in “missing pieces” for both organizations, Validus’ chairman said in late June, detailing finer points of a $690 million deal...
