Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Ryan Specialty Underwriting Managers CEO Clark Departs for Personal Reasons
Sep 8 2021 // Ryan Specialty Group announced that Tom Clark, chief executive officer of RSG Underwriting Managers, Ryan Specialty’s underwriting management specialty, will resign from his position effective September 30, 2021,...
Risk Strategies Acquires Georgia-based Employee Benefits Specialty Broker Benevestco
Aug 31 2021 // National specialty insurance brokerage and risk management firm Risk Strategies announced it has acquired the assets of employee benefits specialty broker Benevestco, Inc., a Resource Sevens company. Terms of the deal were...
People Moves: Aon Reinsurance Appoints 6; TigerRisk Hires Edwards from Lloyd’s; Nexus Names Tan Head of Treaty; Riveros to AXIS Re for Credit & Surety
Aug 23 2021 // This edition of International People Moves details reinsurance-related appointments at two brokers: Aon Reinsurance Solutions and TigerRisk as well as MGA Nexus and AXIS Re. A summary of these new hires follows here. Aon...
Mosaic and DXC Technology Launch Technology Platform for Specialty Insurance
Aug 20 2021 // Mosaic Insurance and DXC Technology announced the launch of an insurance technology platform that increases the speed at which specialty insurance is sold, underwritten and serviced. Together with DXC’s...
People Moves: Africa Specialty Risks Names Bheenick as Mauritius Managing Director; WTW’s Whyte Joins Miller for APAC Expansion
Aug 18 2021 // Africa Specialty Risks Names Bheenick Managing Director in Mauritius Africa Specialty Risks (ASR), the pan-African focused reinsurance group, has appointed Krishna Bheenick as its managing director in Mauritius. The...
Arthur J. Gallagher & Co. Acquires Majority Stake in Turkish Specialty Broker
Aug 12 2021 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has purchased a majority stake in Turkish specialty broker Brokers’ House (BH Sigorta ve Reasürans Brokerligi A.S.). Terms of the...
Blenheim Underwriting Launches Lloyd’s Managing Agency
Aug 10 2021 // Blenheim Underwriting Ltd. announced it has received final approval and the necessary permissions from UK regulators and Lloyd’s to act as a managing agency for Syndicate 5886. The effective date of transfer of...
Texas Surplus Lines Premium Total for July 2021: $836.1M
Aug 9 2021 // Texas surplus lines premium for July 2021 reached $836.1 million, the Surplus Lines Stamping Office of Texas (SLTX) reported. The number brings the year-to-date total up to $5.42 billion as of the end of July, a 16.1%...
Lloyd’s Selects 11 Start-Ups for Innovation Lab Accelerator
Aug 9 2021 // Flood loss estimates, secure private messaging, money laundering detection and severe weather parametrics are the objectives of a few in a group of startups chosen by Lloyd’s of London for its latest Lloyd’s...
Africa Specialty Risks Launches Reinsurer in Bermuda
Aug 6 2021 // Africa Specialty Risks (ASR), the pan-African focused reinsurance group, announced it has launched a licensed reinsurer in Bermuda. The group will offer a full suite of products from its Bermudan reinsurer, including...
Investors Complete Acquisition of Specialty Insurer ProSight Under Plan to Go Private
Aug 4 2021 // Investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management said they have completed the acquisition of ProSight Global, Inc., a New Jersey-based domestic specialty...
Houston’s CrossCover Enters E&S Property Insurance Market
Aug 3 2021 // Houston-based CrossCover Insurance Services, a new managing general underwriter targeting middle-market commercial business, is entering the excess and surplus property market. CrossCover was established in partnership...
People Moves: Hartford Names Burns to Lead Marketing/Comms; Beazley Promotes Beerli for Specialty Risks, U.S. Programs; Purtill Is CRO at AIG
Aug 3 2021 // Hartford Names Burns as Head of Marketing and Comms, Succeeding Bromage The Hartford has appointed Claire Burns chief marketing and communications officer, effective Sept. 1. Claire Burns Burns will report directly to...
Texas Surplus Lines Premiums Rise to $947.48M, an All-Time High
Aug 2 2021 // Texas set another record in June for the amount of surplus lines premium recorded by the Surplus Lines Stamping Office of Texas (SLTX). The $947.48 million in premium reported in June brings the year-to-date total to $4.58...
People Moves: Monarch E&S Hires Currier; Howden Specialty Names Two Executive Directors for Financial Lines Division
Jul 29 2021 // Monarch E&S Monarch E&S Insurance Services has named Heather Currier operations manager. Currier will be based out of Monarch’s Florida branch with responsibilities covering the company’s national...
Lloyd’s Plans Insurance for Electric Vehicles, Hydrogen Fuel, in Climate Change Fight
Jul 29 2021 // Lloyd’s of London plans to develop insurance products for electric vehicles and hydrogen as part of its efforts to fight climate change, the specialist insurance market said on Thursday. Lloyd’s published a...
Hendricks, President of Texas’ Specialty Insurance Managers, to Retire
Jul 28 2021 // Sherri Hendricks, a Texas insurance professional with an extensive career in the industry and current president of Austin-based Specialty Insurance Managers, is retiring. In 1980, Hendricks began her career in insurance in...
Lloyd’s Council Appoints Guy Carpenter’s Carter as 1st Female Deputy Chair
Jul 23 2021 // Lloyd’s announced the appointment of Vicky Carter as deputy chair of Lloyd’s, effective Sept. 1, 2021. Carter has been an elected member of Lloyd’s Council since February 2019 and has worked in the...
Ohio’s Westfield Launches Specialty Insurance Business
Jul 21 2021 // Westfield, a Westfield Center, Ohio-based super-regional property/casualty insurance company with a 173-year history, is entering the specialty insurance business with the launch of Westfield Specialty. Westfield appointed...
Medical & Commercial International Gets ‘In-Principle’ Nod to Form Lloyd’s Syndicate
Jul 21 2021 // edical & Commercial International (MCI), the specialist managing general agency, has received “in-principle” approval from Lloyd’s for Syndicate 1902 to underwrite business incepting on or after Jan....
