Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Fastest Growing E&S Carriers in Top 30 Revealed: Fitch Report
Jan 27 2014 // In a year-end report on the U.S. excess and surplus lines market, data compiled by Fitch Ratings revealed that the top growing E&S writers in recent years were not necessarily the biggest. The report, published in...
Berkshire Hathaway Specialty Insurance Emerges From 2013 As a Serious Player
Jan 27 2014 // Last year was quite a year for Berkshire Hathaway Specialty Insurance (BHSI) – or half of a year, anyway. Since opening its doors for business in June 2013 with much fanfare, the new venture has gone from four to nearly...
Surplus Lines in 2013: A Stable Market with Moderate Growth
Jan 27 2014 // The Trend Is Expected to Continue The excess and surplus lines insurance industry was in a good place last year, characterized by a stable market and moderate growth, according to one executive who is bullish on the...
Petersen International Launches Loss of License Insurance for Pilots
Jan 23 2014 // Petersen International Underwriters, a specialty insurance marketing and underwriting firm that writes aviation insurance business, has unveiled its new “loss of license” insurance for professional pilots. The...
Berkshire Hathaway Specialty Expands into Builder’s Risk Segment
Jan 22 2014 // Berkshire Hathaway Specialty Insurance (BHSI) is expanding its property capabilities to include builder’s risk insurance. The company also named Robert Tricamo to head the new specialty property area as vice...
Brown & Brown to Acquire Flood, Specialty Insurer The Wright Group
Jan 15 2014 // Florida-based national insurance broker Brown & Brown, Inc. has agreed to acquire The Wright Insurance Group, LLC for $602.5 million from Aquiline Capital Partners, Wright’s lead equity partner. The Wright...
Ironshore Launches Admitted Coverage for U.S. Companies Operating Overseas
Jan 15 2014 // Ironshore’s U.S. Specialty Casualty unit has launched a new coverage option for U.S.-based companies with overseas operational risk exposure. Ironshore International Connect will provide excess casualty coverage for...
Missouri-Based Safety National Casualty Realigns Management Team
Jan 14 2014 // Safety National Casualty Corp., based in St. Louis, Mo., has announced management changes and realignment of responsibilities that are scheduled to take effect on March 1, 2014. Chief Executive Officer Mark Wilhelm will...
Pioneer Programs Adds Excess Liability to Contractors’ Choice Program
Jan 13 2014 // Pioneer Programs Insurance Solutions has expanded its specialty program, Contractor’s Choice, to now include excess liability. According to Carole Fleischman, managing director of Pioneer Programs, it can now offer...
Berkshire Hathaway Specialty Adds Primary Casualty Construction Capabilities
Jan 9 2014 // Berkshire Hathaway Specialty Insurance (BHSI) is expanding its construction casualty capabilities to include primary casualty insurance. The company now offers primary general liability, excess and umbrella coverage for...
AXA ART, Trident Insurance Partner to Offer Specialty Fine Art Coverages
Jan 9 2014 // Fine art insurance specialist AXA Art Americas Corporation (AXA ART) has formed a strategic business partnership with Trident Insurance Services, LLC, a member of Argo Group International Holdings, Ltd., an international...
Texas Brine: Arch Specialty Insurance Should Pay Sinkhole Claims Costs
Jan 9 2014 // Texas Brine Co., the company blamed for the Bayou Corne-area sinkhole, has filed a formal complaint with the Louisiana Department of Insurance. The company alleges one of its insurers is not paying up as its policy...
Loving, Paul, Vickers Appointed to Texas Surplus Lines Board
Jan 8 2014 // Texas Commissioner of Insurance Julia Rathgeber has appointed Randle Loving, Paul Rainey and Cynthia Vickers to the board of directors of the Surplus Lines Stamping Office of Texas for terms to expire Dec. 31, 2016. Loving...
Lloyd’s Underwriters Warn of Rising Danger from Cyber Terrorism
Jan 3 2014 // An article on the Lloyd’s website notes that “industrial facilities from nuclear plants to dams are increasingly coming under attack from cyber terrorists bent on causing physical damage and disruption from...
E&S Industry Should Expect ‘Persistent Competition’ in 2014: Fitch
Dec 30 2013 // Growing capacity will limit rate hikes and promote persistent competition in the excess and surplus (E&S) lines market, Fitch Ratings said in a recent report. The U.S. E&S market, which reversed a four-year...
Ironshore Increases Capacity for Select U.S. Specialty Lines
Dec 24 2013 // Ironshore Inc. will be providing coverage of up to $50 million for selected U.S. casualty lines, as of January 1, 2014. Increased capacity, up from the current limits of $25 million, will be available in the U.S. for...
P/C Insurers Boost Bottom Line on Big Gain in Underwriting Through 9 Months
Dec 23 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $43 billion in nine-months 2013 from $27.8 billion in nine-months 2012, with insurers’ overall profitability as measured by their...
Surplus of Capital Continues to Temper Property Rates: Marsh
Dec 19 2013 // The surplus of capital among insurers and reinsurers continued to have an overall softening effect in the U.S. property insurance market through the third quarter of 2013, Marsh said in a report. For the first nine months...
LeBreton Joins Specialty Risk Associates in Louisiana
Dec 19 2013 // Shreveport, La.-based Specialty Risk Associates Inc. announced that Sue LeBreton joined the firm as a commercial lines underwriter. Prior to joining Specialty Risk Associates, LeBreton worked for nine years as a senior...
Torus Receives Lloyd’s Approval to Expand Syndicate 1301
Dec 17 2013 // Global specialty insurer Torus announced from its office in London that its Syndicate 1301 business plan for 2014 has been approved by Lloyd’s. “The plan increases the syndicate’s capacity to £180...
