Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Bell Tolls at Lloyd’s for Queen Elizabeth II, Accession of King Charles III
Sep 15 2022 // This morning the Lutine Bell in the Lloyd’s Underwriting Room rang once to mark the death of Her Majesty Queen Elizabeth II and twice for the accession of His Majesty King Charles III. The ceremony was open to all...
Lloyd’s Gives Green Light to Asta-Managed Trium Cyber Syndicate 1322
Sep 14 2022 // Asta, the third-party managing agent at Lloyd’s, announced that Trium Cyber, a new risk carrier backed by Jim Stanard’s Pelican Ventures, has received “in principle” approval from...
Acrisure Receives Nod From Lloyd’s to Launch Syndicate 1985, Managed by Asta
Sep 14 2022 // Asta, the third-party managing agent at Lloyd’s, and Acrisure announced that Lloyd’s has granted “in principle” approval for the launch of Flux Syndicate 1985, which will commence underwriting on...
Catalina Gets Lloyd’s ‘in Principle’ Approval to Launch Asta-Managed Syndicate 3232
Sep 13 2022 // Asta, the third-party managing agent at Lloyd’s, and Bermuda-based Catalina Group, a global provider of legacy reinsurance and capital solutions, announced that Lloyd’s have granted “in principle”...
Sam Frihart Joins Breckenridge Insurance Specialty Property Program Team as Commercial Property Underwriter
Sep 12 2022 // ATLANTA, Georgia, September 12, 2022 — Breckenridge Insurance welcomes Sam Frihart as a commercial property underwriter to its specialty property program team. Frihart has four years of underwriting experience on the...
Lloyd’s Has Strong H1 Underwriting Profit, but Reports Overall Loss on Investment Hit
Sep 9 2022 // While Lloyd’s reported a strong underwriting profit during the first half and its best combined ratio in five years, similar to many insurers, it saw an overall loss as a result of its investments. Underwriting...
Ohio Court: $101 Million Lead Paint Abatement Covered by Lloyd’s Policy
Sep 8 2022 // A court order that requires Sherwin-Williams Co. to pay $101 million into a lead paint abatement fund amounts to “damages” that are recoverable through a Lloyd’s of London insurance policy, an Ohio...
Westfield Enters International Specialty Market With Purchase of Argo’s Lloyd’s Syndicate
Sep 8 2022 // Westfield said it has expanded into the international specialty insurance market by buying Lloyd’s Syndicate 1200 from Argo Group International Holdings for about $125 million. The acquisition is expected to close...
Lloyd’s of London to Pay Some Staff £2,500 Cost-of-Living Bonus
Sep 8 2022 // Lloyd’s of London will pay staff earning less than £75,000 ($86,306) an extra £2,500 to help cover rising living costs as UK inflation hits multi-decade highs. John Neal, chief executive officer at the insurance...
Record-High Direct Premiums Written for the U.S. Surplus Lines Segment in 2021
Sep 7 2022 // Total U.S. surplus lines direct premiums written (DPW) reached a record $82.6 billion in 2021, with momentum continuing through mid-year 2022, according to a new AM Best report. In the first six months of 2022, premiums...
NFP Expands Its Specialty Transportation With Acquisition of Quantum Risk Solutions
Sep 7 2022 // Major insurance broker NFP has acquired Quantum Risk Solutions, a Somerville, New Jersey-based managing general underwriter and wholesaler. Quantum specializes in insurance and risk management products for auto...
It’s a Great Time in Surplus Lines
Sep 5 2022 // It’s a great time to work in surplus lines, say specialists working in today’s busier than ever market. The excess and surplus lines (E&S) sector is experiencing record growth — again. In the first...
Sompo International Sells Run-off Business at Lloyd’s to Legacy Specialist RiverStone
Sep 2 2022 // Sompo International, the Bermuda-based provider of commercial and consumer property and casualty re/insurance, announced the sale of its Endurance at Lloyd’s (EAL) run-off business to RiverStone Holdings Ltd., the...
People Moves: Liberty Specialty Promotes Clark for Financial Risk Solutions; BHSI Promotes Hannoun for Middle East Casualty; CNA Canada Names DeBruyn Regional VP
Aug 30 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets, Berkshire Hathaway Specialty Insurance, and CNA Canada. A summary of these new hires follows here. Liberty Specialty Promotes...
People Moves: Liberty Specialty Taps Zurich’s Dutta for Financial Risks; Canopius Hires WTW’s Saville for Cat Research; HDI UK & Ireland Promotes Lavey in Liability Team
Aug 26 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets, Canopius Group, and HDI Global SE – UK & Ireland. A summary of these new hires follows here. Liberty Specialty Markets...
People Moves: Liberty Specialty Markets Promotes Edwards to Lead New Delegated Authority Practice; BHSI Promotes Claims Execs Barker and Kelleher in UK
Aug 23 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Liberty Specialty Markets Promotes...
Lloyd’s Insurer Ascot, Marsh Provide Coverage for Grain Ship Sailing From Ukraine
Aug 23 2022 // Broker Marsh and Lloyd’s of London insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain and food products from Ukraine’s Black Sea ports under its new marine cargo and war...
Lloyd’s Owes $3M in Prejudgment Interest for Late Payment of D&O Claim
Aug 23 2022 // Lloyd’s of London underwriters must pay more than $3 million in pre-judgment interest in addition to the $10 million the syndicate has already paid in damages for the wrongful acts of the former directors of a bank...
Lloyd’s Insurers Must Exclude Catastrophic State-Backed Cyber-Attacks
Aug 19 2022 // Lloyd’s insurers must exclude state-backed cyber-attacks in standalone (or affirmative) cyber policies if they reach a catastrophic threshold, according to a Lloyd’s market bulletin issued this week. However,...
Peoples Moves: AXA XL Promotes Lahrmann as Senior Property U/W, UK & Lloyd’s; Chubb Global Markets Hires Audis From Nexus as General Aviation U/W
Aug 17 2022 // This edition of International People Moves details appointments at AXA XL and Chubb Global Markets. A summary of these new hires follows here. AXA XL Promotes Lahrmann as Senior Property Underwriter, UK &...
