Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Amwins Launches Excess Wildfire Product for California Residential Properties
Apr 4 2023 // Amwins Access launched its new Excess Wildfire Product, which is intended to complement a self-insured retention plan or the California FAIR plan or a similar plan. The product is written in partnership with PartnerRe...
People Moves: Chubb’s O’Brien Named CRO, Ringsted to Lead Digital Business; Azzolino to Head The Hartford’s Global Specialty Digital Solutions
Apr 3 2023 // Chubb Limited announced that Frances O’Brien has been appointed executive vice president, Chubb Group, and chief risk officer, effective April 1. O’Brien was senior vice president, Chubb Group, and deputy chief...
Lloyd’s Lab Selects 13 Insurtechs for Its Next Innovation Accelerator
Mar 30 2023 // The Lloyd’s marketplace announced it has invited 13 insurtechs to join the next cohort of its innovation accelerator, the Lloyd’s Lab, following a competitive pitch process where the firms presented innovative...
HDI Global Specialty Launches Digital Platform for General Aviation in Canada
Mar 27 2023 // HDI Global Specialty SE (HDI) has launched a new insurance platform in Canada which delivers general aviation policies to brokers in minutes. The platform, called “Aviation IQ” delivers end-to-end digital...
Connecticut Lawmakers Weigh Lifting Surplus Lines Renewal Rule
Mar 24 2023 // Connecticut’s Insurance and Real Estate Committee has advanced a surplus lines insurance measure that the industry says would lift an unnecessary administrative burden but the state insurance regulator believes would...
Insurers Continue to Cover Ukraine Grain Corridor Shipments, for Now: Lloyd’s Chairman
Mar 24 2023 // Insurers continue to cover grain shipments from Ukraine through a U.N.-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was...
Lloyd’s of London Swings to 2022 Pre-Tax Loss on Investments but U/W Profits Up
Mar 23 2023 // Lloyd’s of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investments, it said on Thursday. The pre-tax loss was 800 million pounds ($982.56 million), compared with a profit of 2.3...
People Moves: Specialty MGA Nirvana Taps Sompo’s Mannsdorfer for European Underwriting; Verlingue Hires Hiscox’s Bethell as Head of Private Clients
Mar 22 2023 // This edition of International People Moves details appointments at media, tech and cyber MGA, Nirvana, and the broker Verlingue. A summary of these new hires follows here. New Specialty MGA Nirvana Taps Sompo’s...
People Moves: Surplus Line Association of California Promotes Trumbly, Adds Mayet
Mar 21 2023 // The Surplus Line Association of California, headquartered in San Ramon, California, promoted Barbara Trumbly to senior vice president and has hired Yusuf Mayet as the organization’s vice president for...
NSM Insurance Adds 3 Medical Stop Loss, Managed Care Specialty Firms
Mar 20 2023 // Pennsylvania-based insurance program specialist NSM Insurance Group has completed its acquisition of three businesses that specialize in the field of medical stop loss insurance and managed care insurance. The firms are...
People Moves: QBE North America Promotes Foley to Pres. Commercial Insurance; Browne to Lead AGCS Specialty Business
Mar 16 2023 // QBE North America Promotes Foley to President of Commercial Insurance QBE North America has promoted Michael Foley to president, commercial insurance. Foley will be responsible for planning, directing, and executing the...
