Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Savage to Leave; Lloyd’s Announces Changes in Finance, Operations
May 23 2014 // Luke Savage, who has been Lloyd’s Director of Finance and Operations for ten years, will be stepping down from Lloyd’s later this summer, to become Chief Financial Officer of Standard Life. In connection with...
Lloyd’s U.S. Chief on Board with Climate Change
May 22 2014 // Despite risking offense to non-believers, Hank Watkins didn’t hesitate when he was asked if climate change was upon us. Watkins, president of Lloyd’s America, talked about an extensive report Lloyd’s of...
Brown & Brown Completes Acquisition of Wright Insurance Group
May 22 2014 // Brown & Brown Inc. said it has completed its acquisition of specialty and flood insurance company The Wright Insurance Group, LLC. In January, Florida-based national insurance broker Brown & Brown said it would...
ProSight Specialty Expands Energy Market Coverage with Three New Programs
May 21 2014 // ProSight Specialty Insurance is expanding its reach in the energy market with the launch of three new insurance programs designed for the business needs and exposures of solar energy contractors, propane and fuel dealers,...
Insurers Balk at High Cost of Specialty Drug
May 21 2014 // The leading U.S. health insurance trade group on Tuesday hit out at the extremely high cost of new specialty medicines, accusing drugmakers of taking advantage of the insurance system by pricing products at unsustainable...
Berkshire Hathaway Specialty Insurance Enters Travel Insurance Business
May 20 2014 // Berkshire Hathaway Travel Protection, part of Berkshire Hathaway Specialty Insurance, has launched the first product in its new travel-insurance line designed for travelers, travel agencies, tour operators and travel...
Lloyd’s Appoints Hu to Council; McGovern, Griffiths to Franchise Board
May 20 2014 // Lloyd’s has announced three appointments with immediate effect. Fred Hu will join the Lloyd’s Council and Joy Griffiths and Sean McGovern will join the Franchise Board. The bulletin described Hu as a...
Changing MGA Market, Specialization and the Future: Hanover Excess & Surplus’s Letson
May 19 2014 // Matthew Letson, incoming president of the American Association of Managing General Agents (AAMGA), found the insurance industry like most do – by accident. After college, he landed a job at Markel doing marketing...
With Kentucky Law, Lloyd’s to Be Surplus Lines Eligible in All 50 States
May 14 2014 // Lloyd’s of London underwriters will have surplus lines eligibility in Kentucky when new legislation there goes into effect in July, meaning they will have surplus lines eligibility in all 50 states. It also means...
Atlantic Specialty Lines Puts Lee Branson Back at the Helm to Lead the Personal Lines Team
May 14 2014 // Richmond, VA, 5/14/14 – As Atlantic Specialty Lines continues to adapt to the landscape of an industry that is constantly evolving, they have decided to move Lee Branson, Senior Vice President of the MW branch, back...
Lloyd’s Report Says Climate Change Should Be a Constant Consideration
May 8 2014 // “Climate change is real and we need to factor it into all future catastrophe modelling” – that’s the conclusion of a new report published today by Lloyd’s. The report: ‘Catastrophe Modelling...
Catalina Holdings’ Glacier Re to Handle Delta Lloyd’s Legacy Marine Liabilities
May 8 2014 // Catalina Holdings (Bermuda) Ltd. has announced that it has signed a definitive agreement with Delta Lloyd Group under which a portfolio of marine insurance liabilities in run-off will be reinsured by Catalina’s...
Best Affirms Endurance Specialty and Subs Ratings; Outlooks Stable
May 7 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Endurance Specialty Insurance Ltd. and its affiliates, as well...
ACE Expands Global D&O Coverage Through Lloyd’s Syndicate
May 1 2014 // ACE Group has launched ACE 2488 Global D&O, an enhanced global directors & officers (D&O) liability insurance proposition for multinational organizations. Adding Lloyd’s coverage through ACE Syndicate...
Best Affirms State Automobile Mutual and Operating Subs Ratings
May 1 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of State Automobile Mutual Insurance Company and its operating...
Florida House Nixes Shifting Citizens Policies to Surplus Lines
Apr 30 2014 // The Florida House has rejected a proposal that could shift homeowners away from the state-backed Citizens Property Insurance and into private surplus lines insurers. The Florida Senate last week narrowly voted for a...
QBE North America Launches Management Liability & Professional Lines Coverages
Apr 30 2014 // QBE North America’s continues its expansion into the management liability & professional lines arena with the launch of three new products for public and private commercial companies and financial institutions...
Capacity Coverage Affiliate Invests in Tri-Partners Field Claims Services in N.J.
Apr 28 2014 // Capacity Coverage Company of New Jersey Inc. announced that its affiliate company has made a strategic investment in Tri-Partners Field Claims Services in Warren, N.J. Tri-Partners Field Claims Services was previously...
Surplus Lines Insurers Could Pick Up Citizens Policies Under Senate Bill
Apr 28 2014 // Homeowners seeking coverage from Citizens Property Insurance could wind up getting policies from out-of-state insurers that are exempt from many of the state regulations other insurers must honor. The Florida Senate on...
Endurance Appoints Housley as Global Property Insurance Leader
Apr 22 2014 // Bermuda-based Endurance Specialty Holdings has announced that Richard Housley has joined the company this week as Executive Vice President and Global Practice Leader for Property Insurance. He has extensive experience in...
