Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Takeaways from Our Conversation on Cannabis and Surplus Lines
Oct 11 2021 // Powered by InsuranceJournal.tv It may not come as much of a surprise to those who know about insurance and cannabis that the business is written mostly by the surplus lines market. Just how much is written there vs. the...
Specialty Program Group Acquires Assets of CM&F Group
Oct 7 2021 // Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, acquired the assets of CM&F Group, a digital provider of healthcare liability insurance coverage for...
Texas Records $699.8M in Surplus Lines Premiums in September
Oct 6 2021 // Texas surplus lines premium recorded during September totaled $699.8 million, bringing the state’s year-to-date premium up to $6.88 billion. The Surplus Lines Stamping Office of Texas (SLTX) said the year-to-date...
Lloyd’s and London’s Finance District Confront a Past Steeped in Slavery
Oct 6 2021 // LONDON — British ships ferried over 3 million enslaved African people across the Atlantic Ocean. Lloyd’s of London insured many of those vessels, the people chained below deck sometimes categorized as...
People Moves: Ed Bermuda Names Marsh’s Juul as Head of Casualty; Mosaic Hires Jones From Liberty Specialty Markets; BHSI Promotes 2 for UK & Europe
Oct 5 2021 // This edition of International People Moves details appointments at Ed Bermuda, Mosaic Insurance and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Ed Bermuda Names Marsh’s...
People Moves: Management Changes at Safety National Re; Westfield Specialty’s New Underwriting Execs; UFG Searches for New CFO
Oct 5 2021 // Safety National Re Revamps Management Team Safety National Re, a division of Safety National Casualty Corp., made changes to its management team. Bob King, formerly senior vice president and chief underwriting officer of...
Lloyd’s Broker Tysers Launches Specialist Products for New Live Events Landscape
Oct 4 2021 // Lloyd’s broker Tysers has developed and diversified its entertainment insurance products and services to reflect the new live events landscape. For the music & live events sector, the broker has launched two...
U.S. Surplus Lines Industry Grew Premium 17.5% in 2020
Oct 4 2021 // The U.S. surplus lines market experienced direct premium growth of 17.5% in 2020, the largest year-over-year premium increase since 2003, according to an AM Best report. The 2020 increase in direct premium written comes on...
AXA XL Insurance and NIP Group Announce Strategic Partnership and Launching of a New Monoline Commercial Excess Liability Program
Sep 28 2021 // Program provides additional protection over scheduled coverages Woodbridge, N.J., September 28, 2021 – NIP Group (www.NIPGroup.com), a market leader in insurance program administration, is proud to announce the addition...
Volante Receives ‘In-Principle’ Nod From Lloyd’s to Launch Asta-Managed Syndicate
Sep 23 2021 // Volante Capital Holdings (Bermuda) Ltd., the international multi-class managing general agency platform, has received “in-principle” approval from Lloyd’s to launch Syndicate 1699 for the 2022 year of...
People Moves: Promotions at IAT Insurance Group, RT Specialty
Sep 23 2021 // IAT Insurance Group Promotes Rudd within Excess and Surplus Business Unit IAT Insurance Group, a provider of specialty property/casualty and surety products, promoted Coy Rudd to lead the insurer’s excess and surplus...
People Moves: Acrisure Re Appoints 4; Amwins Global Risks Hires Beazley’s Hensman, Davies From Lloyd’s; Favre Joins SiriusPoint for Credit, Bond & Political Risk
Sep 20 2021 // This edition of International People Moves covers appointments at Acrisure Re, Amwins Global Risks and SiriusPoint. A summary of these new hires follows here. Reinsurance Broker Acrisure Re Augments Corporate Advisory and...
People Moves: AXA XL Names Clark as Marine Liabilities Global Practice Leader; Hamilton Hires Ironshore’s Marzec as Head of Management Liability for E&S
Sep 20 2021 // AXA XL Names Clark as Marine Liabilities Global Practice Leader AXA XL’s Global Marine insurance business has appointed Stephen Clark as its Marine Liabilities Global Practice leader. Based in Chicago, Clark assumes...
Cover Whale Partners With E&S Insurer Everspan to Offer Commercial Trucking
Sep 20 2021 // Cover Whale Insurance Solutions Inc., a Rancho Santa Margarita, Calif.-based insurtech, is partnering with excess and surplus lines insurer Everspan Indemnity Insurance Co., to offer a commercial trucking insurance...
Lloyd’s Urges Insurance Workforce With Ethnic Minorities as One-Third of New Hires
Sep 17 2021 // Lloyd’s of London wants the commercial insurance market to recruit a third of its workforce from ethnic minorities, it said on Friday, as it attempts to improve diversity. Nearly 50,000 staff are employed in...
Demand Outpacing Supply in One of Best E&S Markets in 50 Years, Industry Veteran Says
Sep 17 2021 // The chair of W.R. Berkley Corp. has been observing conditions in the excess and surplus and specialty markets for more than five decades and views the current environment as just about the best in that time span. According...
U.S. Surplus Lines Industry Grew Premium 17.5% in 2020
Sep 16 2021 // The U.S. surplus lines market experienced direct premium growth of 17.5% in 2020, the largest year-over-year premium increase since 2003, according to an AM Best report. The 2020 increase in direct premium written comes on...
E&S Insurer Ategrity Raises $75M, Plans Further Expansion
Sep 16 2021 // Ategrity Specialty Insurance Co. sad it has completed a $75 million capital raise led by Sequentis Financial LLC to support its continued growth. Ategrity is a Scottsdale, Arizona-based specialty property/casualty...
Dale Partners Receives ‘In-Principle’ Approval to Launch Lloyd’s Managing Agency
Sep 16 2021 // Dale Partners Ltd., the London-based holding company of Dale Underwriting Partners (DUP), has been granted “in-principle” approval by Lloyd’s to form its own managing agency. The new entity, Dale Managing...
$767.1M in Texas Surplus Lines Premiums Recorded in August
Sep 9 2021 // Surplus lines premium recorded in Texas during August totaled $767.1 million, bringing the year to date total to $6.18 billion, according to the Surplus Lines Stamping Office of Texas (SLTX). This results in a 6.9% (or $49...
