Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Survey Results Show More Inclusive Culture, but Improvement Still Needed
Feb 23 2021 // Lloyd’s has made notable progress in its push to become more inclusive, according to its 2020 culture survey, but it still has plenty of room for improvement—especially when it comes to the experiences of Black and...
Lloyd’s Insurer Brit to Stop Insuring Australia’s Adani Coal Mine
Feb 23 2021 // Major Lloyd’s of London insurer Brit will not insure Adani Enterprises’ Carmichael thermal coal mine, it said on Tuesday, adding to a growing list of Lloyd’s insurers who have made similar...
California Surplus Lines Weathered Pandemic, Wildfires, Civil Unrest
Feb 22 2021 // In a year marred by a pandemic, massive Western U.S. wildfires, civil unrest, and a contentious election, California’s surplus lines market “didn’t miss a beat.” That was the message from Ben McKay,...
Lloyd’s Expects to Reopen Underwriting Room in April or May
Feb 19 2021 // Lloyd’s expects to reopen its underwriting room on Lime Street in London after Easter from April 12, or after the early May UK holiday on May 4. The decision will depend on the UK government’s update on the...
AM Best Upgrades E&S Outlook; Praises Resiliency, Clear Terms Amid Pandemic
Feb 19 2021 // A.M. Best has upgraded its outlook for the U.S. excess & surplus lines insurance sector citing its resiliency in the face of pandemic challenges. A.M. Best revised its outlook for U.S. E&S to Stable from...
Specialty Lines MGA Ensurance Completes New Capacity Deal with AXA
Feb 19 2021 // Ensurance, the London-based specialty managing general agent, has announced a new capacity deal with AXA Insurance UK plc for its core construction and engineering products. AXA replaces Swiss Re as the MGA’s main...
Berkshire Hathaway Specialty Names 3 Regional Executives for Professional Lines
Feb 18 2021 // Berkshire Hathaway Specialty Insurance (BHSI) has expanded its U.S. Executive & Professional Lines leadership team, naming Shelley Norman as senior vice president, Management Liability, Central region, and promoting...
Internet of Things Devices Increase Risk of Cyber Attacks on Industrial Sector: Lloyd’s
Feb 17 2021 // Internet of Things (IoT) devices are increasing the risk of cyber attacks to industrial and manufacturing businesses, according to a report published by Lloyd’s in partnership with cyber analytics specialist...
Lloyd’s Construction Specialists Say They Are Ready For U.S. Infrastructure Boom
Feb 16 2021 // Construction insurance specialists at Lloyd’s of London are hoping to see more U.S. business from increased government investment in infrastructure projects in 2021. That will be welcome after a period of dealing...
Kotch Joins Core Specialty Insurance in Ohio as Chief Information Officer
Feb 12 2021 // Core Specialty Insurance Holdings Inc. (Core Specialty), based in Cincinnati, Ohio, has appointed Mary Kotch as chief information officer and member of the company’s executive committee. Kotch has more than 20...
Ambac Financial Launches Specialty Insurance Group Everspan
Feb 10 2021 // Financial holding company Ambac Financial Group has launched Everspan Group, capitalized with more than $100 million, to focus on writing specialty program insurance business. Everspan Group’s insurance companies...
California Surplus Lines Weathered Pandemic, Wildfires, Civil Unrest
Feb 9 2021 // In a year marred by a pandemic, massive Western U.S. wildfires, civil unrest, and a contentious election, California’s surplus lines market “didn’t miss a beat.” That was the message from Ben McKay,...
Fischer Appointed President of Core Specialty’s Ag Reinsurance Division
Feb 9 2021 // Cincinnati, Ohio-based Core Specialty Insurance Holdings Inc. and its subsidiaries (Core Specialty) hired William (Bill) R. Fischer to lead its newly formed Agriculture Reinsurance Division. Fischer is a 25-year veteran of...
ES Risks & FocusPoint International Announce New Solution with Certain Underwriters at Lloyd’s of London to Provide World Class Response Under ‘Crisis Bulwark’ Facility
Feb 9 2021 // London, UK, FEBRUARY 9, 2021 – ES Risks and FocusPoint International (FPI) announce a new offering with Lloyd’s of London, that will bring world-class crisis response and technology into the product concept to be...
Lloyd’s Launches Global Platform to Drive Resilience to World’s Systemic Risks
Feb 8 2021 // Lloyd’s, the insurance and reinsurance marketplace, is launching “Futureset,” a new global platform and community dedicated to driving greater societal and economic resilience to the world’s most...
Berkshire Hathaway Specialty Insurance Promotes Blas to Head of Property, Spain
Feb 8 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced that Tomas Blas has been promoted to head of Property, Spain. Blas, who has 17 years of industry experience, joined BHSI in 2019 as head of Technical Lines in Spain....
McGriff Launches On-Demand Excess Liability Product for Freight Brokers
Feb 8 2021 // McGriff has launched a new product that gives freight brokers the ability to purchase excess auto liability coverage online. TripExcess is a per-shipment excess liability product that will allow shippers, 3PL/brokers and...
The Myth of the ‘Surplus Lines Agent’
Feb 8 2021 // Increasingly, the world of insurance distribution has become highly specialized, utilizing technology and a multitude of parties to reach customers worldwide. The surplus lines industry is no exception. Surplus lines...
Mosaic Launches Bermuda-Based Specialty Insurer, Along with Lloyd’s Syndicate 1609
Feb 4 2021 // Mosaic, a Bermuda-based global specialty insurer, has launched operations in Bermuda, London, the United States and Asia, along with a newly formed Lloyd’s syndicate. Operating with initial capitalization of $185...
Hanes Named President of Ryan Specialty’s Stetson Insurance Funding
Feb 3 2021 // Anthony Hanes has joined Chicago-based Ryan Specialty Group’s Stetson Insurance Funding (Stetson) as president. Stetson specializes in financing commercial and personal lines insurance premiums for the excess and...
