Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
AIG to Move High Net Worth Homeowners to E&S
Feb 17 2022 // Peter Zaffino, CEO of American International Group (AIG), said the company’s ongoing analysis of the increased frequency and severity of natural catastrophes has led to a decision to move the high-net worth...
Asta and JPO Consulting Launch ARTes, an MGA Specializing in U.S. Inland Marine
Feb 17 2022 // Asta, the third-party managing agent at Lloyd’s, and JPO Consulting, announced the launch of ARTes Specialty Ltd., an independent UK-based managing general agent (MGA), wholly owned by its founders and...
People Moves: BHSI Promotes Alder-Smurthwaite, Emson for UK Casualty; Marsh Names Faull Head of Climate & Sustainability Risk; MS Amlin Appoints 4 for Risk Team
Feb 17 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Marsh and MS Amlin Underwriting Ltd. A summary of these new hires follows here. BHSI Promotes...
Six Years After Deadly Police Chase, Georgia High Court Limits Insurer’s Obligation
Feb 17 2022 // The headlines in 2016 provoked an outcry across Georgia: A man stole a car near the Atlanta airport, fled from police in a high-speed chase, then crashed into another vehicle, killing a woman and her two grandchildren. Six...
People Moves: Burns & Wilcox Adds 5 to Private Client and Flood; AmTrust Forms New E&S Leadership Team Led by Bublitz
Feb 14 2022 // Wholesale insurance broker Burns & Wilcox has added five new associates across the country to its private client and flood teams within its Personal Insurance practice group. The professionals joining Burns &...
People Moves: Westfield Specialty Adds Jain; Holmes Murphy Promotes Deibele
Feb 14 2022 // Westfield Specialty Adds Manoj Jain as Chief Information Officer Westfield Specialty has added Manoj Jain as chief information officer (CIO), reporting to Jack Kuhn, Westfield Specialty’s president. In his new role,...
Hamilton Launches U.S. E&S Insurer, Names Rhoades CEO
Feb 11 2022 // Bermuda-based specialty insurer Hamilton Insurance Group, Ltd. reports it has formed Hamilton Select Insurance Inc., a U.S. excess and surplus (E&S) lines insurer. Hamilton Select Insurance Inc. is domiciled in...
People Moves: Liberty Specialty Mkts Names Beattie Head of War & Terrorism; New Dawn Risk Hires Aon’s Khan for Professional Risks, Lothbury’s Vernon for Healthcare/Life Sciences
Feb 10 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets and broker New Dawn Risk. A summary of these new hires follows here. Liberty Specialty Markets Names Beattie as Global Head of...
XPT Specialty Acquires Indiana’s Insurance Brokers Incorporated
Feb 9 2022 // XPT Specialty has acquired Insurance Brokers Incorporated, headquartered in Indianapolis, Indiana, in a move that continues a series of acquisitions for the company. IBI is a wholesale insurance broker and general agency...
People Moves: Santelli Joins Alera; POWERS Adds Hohn
Feb 7 2022 // Alera Group Names Tina Santelli VP of Worksite Specialty Solutions Alera Group announced that Tina Santelli has been appointed as Vice President of Worksite Specialty Solutions and Services, effective February 1, 2022. In...
People Moves: Philadelphia Insurance Promotes 11 to Vice President
Feb 7 2022 // Philadelphia Insurance Companies (PHLY) announced the promotion of 11 leaders in its Underwriting, Marketing, Risk Management, Insurance Operations and Human Resources departments: Lynn Bencivenga has been promoted to vice...
A Special Time for Specialty Markets
Feb 7 2022 // The specialty insurance marketplace always has been a vast laboratory for nascent products. It once was a tiny market. Those days are over. Today, with tens of billions in premiums in the U.S. market, specialty is for more...
Commercial Auto Among Lines With Flattening Rates in 2022, USI Forecast Predicts
Feb 7 2022 // Although it wasn’t the headline of a commercial insurance broker’s market pricing report last month, the report’s observation that “commercial auto liability coverage rates are starting to...
U.S. Surplus Lines Premium Up 22% in 2021
Feb 7 2022 // Surplus lines premium increased 22% and transactions rebounded almost 6.6% over their 2020 totals in the 15 states with designated surplus lines’ stamping offices. The increases represented record levels of premium...
People Moves: Liberty Specialty Promotes 2, Hires Political Risk U/W; HDI Global Names Röllecke Head of Cyber/Financial; Ex-Lloyd’s CEO Ward Becomes CFC’s Non-Exec. Chair
Feb 4 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets, HDI Global and CFC Underwriting. A summary of these new hires follows here. Liberty Financial Risk Solutions Promotes 2, Hires...
LMA Announces ‘At-the-Box’ or ‘In-the-Office’ Availability for Lloyd’s Underwriters
Feb 4 2022 // The board of the Lloyd’s Market Association (LMA) has announced cross-market consensus on underwriters’ in-person availability – either at the Lloyd’s Underwriting Room or in the office. The commitment...
Greenlight Re Innovations Gets ‘In-Principle’ Nod to Launch Lloyd’s Syndicate
Feb 1 2022 // Greenlight Re Innovations (GRI), part of Cayman Islands-headquartered Greenlight Capital Re Ltd., has received “in-principle” approval from Lloyd’s to establish an insurtech-focused syndicate. Syndicate...
Insurtech MIC Global Receives ‘In-Principle’ Approval to Launch Lloyd’s Syndicate
Jan 28 2022 // Insurtech MIC Global has received “in-principle” approval from Lloyd’s for the creation of MIC Global Insurance Syndicate 5183. UK-based MIC Global provides end-to-end digital micro insurance products,...
U.S. Surplus Lines Premium Up 22% in 2021
Jan 26 2022 // Surplus lines premium increased 22% and transactions rebounded almost 6.6% over their 2020 totals in the 15 states with designated surplus lines stamping offices. The increases represented record levels of premium ($51...
People Moves: Marsh Promotes Payne to UK Chair of FINPRO; WTW Hires Smith From Lloyd’s for Digital Trading; Aon Bolsters UK Operations’ Team With 2 Hires
Jan 24 2022 // This edition of International People Moves details appointments at Marsh, Willis Towers Watson (WTW) and Aon. A summary of these new hires follows here. Marsh Promotes Payne to UK Chair of FINPRO, Morgan as Head of...
