Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
People Moves: Germano Named DUAL Casualty Leader; Shaw Joins Axis to Help Lead Specialty Programs; Victor Appoints Cashman President of ICAT
Jul 25 2023 // DUAL North America announced Connie Germano as its chief casualty officer. Germano’s appointment comes as DUAL continues to expand its reach and capabilities in the market. Germano will be responsible for overseeing...
Brown & Brown to Acquire Wholesale Broker New England Excess Exchange
Jul 25 2023 // Florida-based global insurance broker Brown & Brown, Inc. has agreed to acquire Vermont-based wholesale broker New England Excess Exchange (NEEE). The acquisition will be through Bridge Specialty Group, the wholesale...
Donnelly to Lead Marsh Specialty’s Global Business; Sartain Named President Marsh US
Jul 24 2023 // Marsh said today that Pat Donnelly has been appointed as president, Marsh Specialty and Global Placement, effective immediately. Donnelly was formerly president of Marsh’s US business since the start of 2022. Prior...
Specialty P/C Insurers Outperform Their U.S. Peers: Report
Jul 21 2023 // U.S. property/casualty insurers that focused on difficult to place risks distanced themselves from their peers in key metrics measuring earnings, underwriting profitability, balance sheet growth and other indicators of...
People Moves: E&S Casualty at Ascot Group U.S. Names Keller Senior Lead Underwriter
Jul 19 2023 // E&S Casualty at Ascot Group U.S. Names Keller Senior Lead Underwriter Ron Keller has been named senior lead underwriter, E&S Casualty at Ascot Group U.S. Keller is based in the Chicago, Ill., office and is...
Clear Group Acquires UK-Based MGA, One Commercial Specialty Ltd.
Jul 14 2023 // The Clear Group, the London-based independent broker, announced the acquisition of One Commercial Specialty Ltd., a speciality lines managing general agent. This represents the Clear Group’s second MGA deal and is a...
People Moves: Powers Hires Favazza as Commercial Lines Risk Management Advisor; Ryan Specialty Appoints D’Onofrio CEO and Alvin CUO
Jul 13 2023 // Powers Insurance & Risk Management Hires Favazza as Commercial Lines Risk Management Advisor Powers Insurance & Risk Management, headquartered in St. Louis, Mo., hired Giovanni “Johnny” Favazza as...
People Moves: Romeo to Lead Axis US Marine Cargo Launch; Verisk Names Vaughan Chief Privacy Officer; Pelissier Joins Alliant Specialty as SVP
Jul 13 2023 // Axis Capital Holdings Limited said Frank Romeo will lead the company’s entry into the US marine cargo insurance market. Romeo is responsible for building the program and identifying growth opportunities, with a...
Specialty MGA UK Approved as Lloyd’s Coverholder
Jul 6 2023 // Specialty MGA UK, a recently formed MGA that is focused on providing additional capacity for specialty lines of business, has been approved as a Lloyd’s coverholder. Coverholder status will allow Specialty MGA UK to...
Fusion Specialty Europe Launches Branch in Madrid, Led by DUAL’s Cibin
Jul 3 2023 // Fusion Specialty Europe announces the launch of its Southern Europe branch in Madrid, and the appointment of Filippo Cibin as partner, effective immediately. Cibin will lead the expansion of Fusion into Southern European,...
University of California Files Lawsuit Against Lloyd’s of London Over Refusal to Reimburse Cyber Insurance Costs
Jun 30 2023 // The Regents of the University of California sued Lloyd’s of London, arguing the company refused to reimburse the university system for the costs of data breaches covered in a cyber insurance policy. The dispute is...
Nationwide E&S Exits Commercial Auto Effective July 15
Jun 29 2023 // Nationwide E&S will stop writing wholesale-driven contract binding commercial auto new business, including primary brokerage auto effective July 15, according to an announcement released to Nationwide brokers this week...
Aon, Lloyd’s and Vienna Insurance Group to Provide Re/Insurance for Ukraine Recovery
Jun 21 2023 // Aon, Lloyd’s and Vienna Insurance Group (VIG) announced they are collaborating to provide foreign re/insurance capacity to support Ukraine’s recovery and reconstruction. As part of the UK-Ukraine Private...
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...
