Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Syndicate Probitas 1492 to Launch Special Purpose Arrangement in 2024
Sep 8 2023 // Lloyd’s syndicate Probitas 1492 has announced the launch of a special purpose arrangement (SPA) for the 2024 year of account (YOA), after receiving in-principle approval from Lloyd’s. The SPA, called “AdA...
Lloyd’s in Talks With UN Over New Black Sea Grain Insurance Cover: CEO Neal
Sep 8 2023 // Lloyd’s of London is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if a new Black Sea corridor deal can be reached, its CEO John Neal told Reuters on Thursday. NATO...
Global Fears Are Feeding Demand for Lloyd’s of London Insurance, CEO Says
Sep 7 2023 // Growing fears about the state of the world are pushing more people to take out insurance even as prices rise, Lloyd’s of London Chief Executive Officer John Neal said. Rising inflation, recession worries, climate...
E&S Market Lines Expand, Outperform Broader P/C in 2022
Sep 6 2023 // The U.S. excess and surplus (E&S) lines market had a good year in 2022, growing to account for nearly 9% of the U.S. property/casualty (P/C) insurance industry. E&S direct written premiums (DWP) increased for the...
Personal Lines in Surplus Lines
Sep 4 2023 // The continuing trend of more personal lines business making its way into the E&S market is surprising, says John Jennings, CEO and one of the founding members of Jencap Group. “I think that is probably the...
Hard Market Pressure: Surplus Lines Lifting Heavy Load in Turbulent Times
Sep 4 2023 // As the longest hard market in memory refuses to fade, standard property/casualty carriers are not only continuing to raise prices but also reimagining their books by shedding risks they no longer want. It’s affecting...
People Moves: Hamann Named President of Hanover Small Commercial; Chilson Becomes Argo Surety President; Ryan Specialty Hires Conklin for Chief HRO
Aug 24 2023 // The Hanover Appoints Hamann President of Small Commercial The Hanover Insurance Group, Inc., headquartered in Worcester, Mass., appointed Charles (Chip) F. Hamann to president of small commercial. Hamann has over 35 years...
Amwins Specialty Auto Launches in Oklahoma
Aug 21 2023 // Amwins announced Amwins Specialty Auto, in partnership with Agricultural Workers Mutual Auto Insurance Company, will launch a new private passenger automobile program in Oklahoma. Both Amwins Specialty Auto and Ag Workers...
Amwins Specialty Auto Launches Oklahoma Program
Aug 21 2023 // CHARLOTTE, N.C., Aug. 21, 2023 – Amwins today announced Amwins Specialty Auto, in partnership with Agricultural Workers Mutual Auto Insurance Company, will launch a new private passenger automobile program in...
People Moves: Ryan Specialty Appoints Guerville to Chief Underwriting Officer of Ryan Specialty Underwriting Managers
Aug 18 2023 // Ryan Specialty Appoints Guerville to Chief Underwriting Officer of Ryan Specialty Underwriting Managers Ryan Specialty, headquartered in Chicago, Ill. appointed Kathy Guerville to chief underwriting officer of its...
UK Insurer Aviva Eyes Lloyd’s of London Entry, Posts Above-Forecast H1 Profit
Aug 16 2023 // Aviva posted an above-forecast rise in first-half operating profit on Wednesday, helped by strong performance in general and health insurance, and its chief executive said the insurer was interested in entering the...
Surplus Lines Premium Increases 16% to Nearly $36 Billion Through June
Aug 10 2023 // Surplus lines premium reached nearly $36 billion through the first six months of 2023, according to the 2023 Midyear Report of the U.S. Surplus Lines Service and Stamping Offices. Premium increased about 16% overall...
Lloyd’s Leads Insurers in Raising Rates, Cutting Taiwan Cover as Conflict Risks Rise
Aug 10 2023 // Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks involving Taiwan as concerns grow over possible military action by China, industry sources...
Specialty P/C Insurers Outperform Their U.S. Peers: Report
Aug 7 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...
Markets/Coverages: New Lloyd’s Syndicate Provides E&S Cover for Calif. Wildfire Risks
Jul 26 2023 // Wildfire Defense Systems Inc., Polo Managing Agency Ltd. (PMA) and Aon, announced Lloyd’s has approved the launch of Wildfire Defense Syndicate 1996, which started underwriting on July 1, 2023. Created under...
NIP Group, A Leading Specialty Insurance Provider, Relaunches MaintenancePro ® Program for Larger Residential & Commercial Office Janitorial Services with Enhanced Offerings
Jul 25 2023 // Woodbridge, NJ, July 25, 2023 – NIP Group, a renowned specialty insurance provider, is proud to announce the relaunch of its highly successful MaintenancePro® program, tailored specifically for larger residential...
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...
