Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Odey Resigns From Lloyd’s Investment Fund Amid Sexual Harassment Allegations
Jun 16 2023 // Crispin Odey has stepped back from an investment fund focused on the Lloyd’s of London insurance market in a sign of the fallout from sexual harassment allegations against the hedge fund founder spreading to his...
People Moves: XPT Specialty names Williams VP and Broker
Jun 14 2023 // XPT Specialty names Williams VP and Broker XPT Specialty has hired Catrina Williams as vice president and broker in the commercial lines division of XPT’s Texas offices. XPT is headquartered in New York, New...
Lloyd’s and Dubai Partner to Launch Insurtech Accelerator
Jun 13 2023 // Lloyd’s, the marketplace for commercial, corporate and speciality risk solutions, has announced a partnership with Dubai’s Department of Economy and Tourism (DET) to facilitate growth opportunities for...
Core Specialty Forms Medical Stop Loss Division With Acquisition of Texas’ American National Group
Jun 13 2023 // Core Specialty Insurance Holdings, Inc., and its subsidiaries announced today that it will form a medical stop-loss division through the acquisition of the MGU/Stop-Loss business of American National Group. The acquisition...
Markets/Coverages: W. R. Berkley Corporation Forms Berkley Specialty Excess
Jun 1 2023 // W. R. Berkley Corporation said it has formed Berkley Specialty Excess to offer excess liability coverages in specialized markets, with an initial focus on the environmental and energy industries. John Termini has been...
People Moves: Hong Kong’s FWD Names Former SiriusPoint CEO as Group CFO; Lloyd’s Names Beazley’s Turk as Chief Underwriting Officer
May 31 2023 // This edition of International People Moves details appointments at FWD Group and Lloyd’s of London. A summary of these new hires follows here. Hong Kong’s FWD Group Names Former SiriusPoint CEO as Group CFO FWD...
Update: List of Insurers Exiting Climate Group Grows, Including Lloyd’s, Tokio Marine
May 30 2023 // The list of firms walking out of the Net Zero Insurance Alliance continued to grow this week, adding to an exodus as the industry struggles to navigate anti-ESG attacks led by the Republican Party. The latest round of...
Inszone Acquires Specialty Contractors Insurance Services California
May 26 2023 // Inszone Insurance Services acquired Specialty Contractors Insurance Services. Specialty Contractors Insurance Services has predominantly served business owners and contractors. It is headquartered in Sacramento,...
Reuters: Lloyd’s Register Drops Ships of Top Indian Carrier of Russian Oil
May 26 2023 // Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime...
Lloyd’s of London CEO Neal Calls for Rethink of UN Climate Alliance Rules
May 25 2023 // A global climate alliance for insurers needs to make its membership rules less prescriptive or risk falling apart, the boss of Lloyd’s of London said after political pressure from some U.S. states prompted some...
Ryan Specialty to Acquire Socius Insurance
May 24 2023 // Ryan Specialty said it has signed a definite agreement to buy national wholesale broker Socius Insurance Services from Abry Partners, employees, and other shareholders. Socius will become a part of RT Specialty, Ryan...
Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary?
May 22 2023 // The rollout of the Lloyd’s Market Association’s (LMA) cyber war exclusions received considerable criticism for the chaos and confusion they caused leading up to their effective date on March 31. But here are...
Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary?
May 9 2023 // The rollout of the Lloyd’s cyber war exclusions has received considerable criticism for the chaos and confusion caused in the weeks leading up to the March 31st effective date. But there are some certainties to keep...
Texas Court: Exxon Covered by Contractor’s Excess Insurers
May 8 2023 // Two excess insurers may be liable for the more than $20 million that ExxonMobil Corp. paid to settle lawsuits filed by a contractor’s employees who were badly burned while working at an Exxon refinery, the Texas...
People Moves: Atkins Joins XPT Specialty as VP and Wholesale Casualty Broker
May 4 2023 // Atkins Joins XPT Specialty as Vice President and Wholesale Casualty Broker Drew Atkins has joined XPT Specialty’s Texas-based operations as vice president and wholesale casualty broker. XPT is headquartered in New...
Markets/Coverages: Munich Re Specialty Offers ‘Green Solutions’ For Customers’ Net Zero Ambitions
May 3 2023 // Munich Re Specialty Group, the parent of Munich Re Syndicate, announced the launch of Green Solutions, a portfolio of insurance products and services that supports its customers’ net zero ambitions. The portfolio...
Specialty Re/Insurer Canopius Has Management Shake-up With 3 Execs Exiting
Apr 28 2023 // Canopius Group, the London-based global specialty re/insurer, has had a management shake-up, with three executives exiting the company. “Over the last 18 months, Canopius has reorganised our global underwriting...
Texas Court: Exxon Covered by Contractor’s Excess Insurers
Apr 18 2023 // Two excess insurers may be liable for the more than $20 million that ExxonMobil Corp. paid to settle lawsuits filed by a contractor’s employees who were badly burned while working at an Exxon refinery, the Texas...
People Moves: Skyward Specialty Promotes New VPs in Captives and Programs Divisions
Apr 6 2023 // Skyward Specialty Promotes New VPs in Captives and Programs Divisions Skyward Specialty Insurance Group Inc. has made two promotions in its captives and programs divisions. Ryan Burke has been promoted to vice president,...
Markets/Coverages: Insurtech Parsyl Launches $20M Lloyd’s Consortium for Perishable Cargo
Apr 5 2023 // Parsyl, the Denver-based insurer of essential supply chains, announced the launch of its new Essential Consortium at Lloyd’s of London. The multi-year arrangement initially will bring $20 million in new capacity to...
