Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
8 Reinsurers Provide $897M Cover for Lloyd’s Central Fund with Aon as Placing Broker
Jun 21 2021 // Lloyd’s announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund—a move that aims to protect against adverse tail risk, while supporting growth and...
$884.75M in Texas Surplus Lines Premiums Recorded in May
Jun 21 2021 // The Surplus Lines Stamping Office of Texas (SLTX) recorded $884.75 million in surplus lines insurance premium for May, with a total of $3.63 billion year-to-date. This represents a 14.5% increase in premiums over May 2020,...
Hub Introduces Transportation Industry Excess Liability Product
Jun 18 2021 // Chicago-based Hub International Limited has introduced a transportation excess liability/umbrella proprietary product helps clients reduce risks and protect them from potentially large losses. The Hub Drive Excess...
How to pick an E&S carrier: Four characteristics to look for
Jun 16 2021 // This post is part of a series sponsored by The Hanover Insurance Group. The excess and surplus market is growing rapidly. Business is being driven from the admitted market due to actions taken in response to significant...
A.J. Gallagher Acquires Ontario’s Excess Underwriting Co.
Jun 16 2021 // Global insurance broker Arthur J. Gallagher & Co. has acquired Markham, Ontario-based Excess Underwriting Co., a property/casualty managing general agency (MGA) and Lloyd’s broker serving insurance brokers and...
NFP, Vault Introduce Exclusive Group Excess Liability Program
Jun 14 2021 // NFP and Vault have launched the NFP/Vault Group Excess Program to provide select, qualifying employers and wealth management organizations an opportunity to expand their scope of benefits and offerings and extend to their...
People Moves: Garside Named CUO at Liberty Specialty Markets Bermuda; RSA’s Perry Hired at Hiscox UK’s Art & Private Client Division
Jun 9 2021 // This wrap-up of international People Moves details appointments at Liberty Specialty Markets Bermuda and Hiscox UK. A summary of these new hires follows here. Nicholas Garside Liberty Specialty Markets Bermuda (LSM...
Texas Records $884.75M in Surplus Lines Premiums in May
Jun 7 2021 // The Surplus Lines Stamping Office of Texas (SLTX) recorded a record-breaking $884.75 million in surplus lines insurance premium for May, with a total of $3.63 billion year-to-date. This results in a 14.5% increase in...
Credit Ratings Assigned to Ohio’s Westfield Specialty Insurance
Jun 3 2021 // AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) to Westfield Specialty Insurance Co. (Westfield Specialty), a...
Berkshire Hathaway Specialty to Offer Social Engineering Prevention Program
Jun 3 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it is providing qualifying private and nonprofit fidelity and crime insurance customers with complimentary access to the BHSI Social Engineering Prevention...
Climate Change Protesters Set Off Stink Bomb at Lloyd’s of London in Ongoing Activism
Jun 2 2021 // Climate change protesters continued their focus on Lloyd’s as a major insurer of the fossil fuel industry by setting off a stink bomb in front of the market’s London headquarters. The activist group, Insurance...
AM Best Withdraws Credit Ratings of First American Property & Casualty and First American Specialty
May 28 2021 // AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb” (Good) of First American Property & Casualty Insurance Co. and First American Specialty...
Lloyd’s, London Insurers Form Joint Venture with DXC to Transform Digital Processing
May 27 2021 // Lloyd’s and insurers in the London company market have formed a joint venture with DXC Technology, aiming to transform digital capabilities and reduce processing costs for the London insurance markets. The joint...
Africa Specialty Risks Launches Parametric Underwriting Division
May 24 2021 // Africa Specialty Risks (ASR), the pan-African focused managing general agent, announced the launch of its parametric division, alongside the appointment of Dr. Raveem Ismail as head of Parametric Underwriting and Ian...
Africa Specialty Risks Launches Mauritius Reinsurer, Backed by PE Firm Helios
May 21 2021 // Africa Specialty Risks (ASR), a reinsurance managing general agent focused on the African corporate and specialty market, announced it has launched a fully capitalized and licensed reinsurer based in Mauritius. Alongside...
Anderson Benson of Tenn. Appointed Lloyd’s Coverholder for Media Liability E&O Program
May 20 2021 // Anderson Benson, a Nashville-based independent insurance and risk management broker, has been appointed as a coverholder by Lloyd’s of London for a worldwide media liability errors and omissions (E&O) program...
People Moves: WTW’s Harvey to Acrisure Re; Fidelis’ Clapham to IGI; AXA XL’s Paeßens to Liberty Specialty Markets; Leggett Is CEO of Sedgwick Ireland
May 20 2021 // This wrap-up of international People Moves details recent appointments at Acrisure Re; International General Insurance; Liberty Specialty Markets and Sedgwick. A summary of these new hires follows here. Acrisure Re, the...
Arrowhead Launches E&S Program, Names Murray as President
May 20 2021 // Arrowhead General Insurance Agency Inc. has launched a new excess and surplus lines program and named Bill Murray as its president. The new E&S program operates as part of the National Programs division of Brown &...
Medical Protection Society Receives Approval to Form Full Lloyd’s Syndicate
May 18 2021 // Asta, the third-party managing agent at Lloyd’s, announced it has received “in principle” approval from the Lloyd’s Council for the transition of the Medical Protection Society’s (MPS) Special...
People Moves: Marsh’s Daudt to Oneglobal; MS Amlin’s Boreham to Africa Specialty Risks; Zurich’s Jadav to AXA XL; RFIB’s Hallett to SiriusPoint
May 14 2021 // This wrap-up of international People Moves details recent appointments at Oneglobal Broking, Africa Specialty Risks, AXA XL and SiriusPoint. A summary of these new hires follows here. Oneglobal Broking, the London based...
