Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Recorded Texas Surplus Lines Premium Rose to $629.53 Million in October
Nov 30 2020 // The Surplus Lines Stamping Office of Texas (SLTX) recorded $629.53 million in Texas surplus lines premium during the month of October. The premium recorded year to date through October represents a 13.8% increase over the...
Lloyd’s Gets Nod to Transfer European Policies to Lloyd’s Europe in Time for Brexit
Nov 30 2020 // Lloyd’s, the world’s leading insurance and reinsurance market, has received final approval from the High Court of England and Wales to transfer policies in the European Economic Area to Lloyd’s Insurance...
HDI Global Specialty Renews Agreement with German MGA AMANIKI
Nov 30 2020 // HDI Global Specialty SE has announced the renewal of its underwriting agency agreement with German M&A insurance specialist MGA, AMANIKI. The agreement also sees AMANIKI move from a co-insurance panel of capacity...
Ki Syndicate 1618 Binds 1st Risk with AmWINS’ Broking Unit THB
Nov 30 2020 // Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced it has bound its first risk with THB, the International broking arm of global specialty wholesale broker, AmWINS Group Inc. The risk...
Private Equity Investors Pelican Ventures, J.C. Flowers Complete Ariel Re Deal
Nov 25 2020 // Private equity investors Pelican Ventures and J.C. Flowers & Co. have completed their acquisition of Ariel Re from Argo Group. Ariel Re underwrites a global portfolio of reinsurance products in Bermuda, London and Hong...
Finnis Named a Central Region VP at Berkshire Hathaway Specialty Insurance
Nov 24 2020 // Berkshire Hathaway Specialty Insurance (BHSI) has named Lauren Finnis vice president, Customer & Broker Engagement, for the Central Region, based in Chicago. She was previously vice president of Customer & Broker...
Kemper to Pay $370M for Specialty Insurer Focused on Hispanic Market
Nov 23 2020 // Kemper Corp. has agreed to pay $370 million in cash for specialty auto insurer American Access Casualty Company and its related captive insurance agency, Newins Insurance Agency Holdings. Driving the deal: Growth potential...
Digital Lloyd’s Syndicate Ki Goes Live with List of Broker Trading Partners
Nov 23 2020 // Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced the onboarding of its first trading partners to its proprietary digital platform, providing access to its algorithmic underwriting...
New Insurance Group Inigo Raises $800M of Capital; Founded by Former Hiscox Execs
Nov 23 2020 // Inigo Ltd., a new London-based insurance group, announced it has completed a capital raise of approximately $800 million from a consortium of global investors, comprising (among others) funds controlled by Caisse de...
A Dozen Items Slated to Be Considered for California Export List
Nov 20 2020 // More items are being proposed for the California Export List than in recent memory, including coverages for cyber, parametric products, earthquake, and COVID-19, according to a surplus lines expert. The California...
Roberts Appointed as Global Renewable Energy Leader, Marsh JLT Specialty
Nov 19 2020 // Marsh, the insurance broker and risk adviser, announced the appointment of Hamish Roberts as global renewable energy leader, Marsh JLT Specialty. Effective 1 January, Roberts will continue to be based in London and will...
AXA XL Promotes Harris to Head of Energy, UK & Lloyd’s Market
Nov 19 2020 // AXA XL Insurance announced that Nicola Harris has been promoted to head of Energy, UK & Lloyd’s market. In her new role, Harris is responsible for developing the UK energy book, executing strategy and designing...
Global COVID-19 Insurance Losses to Be Higher than Early Estimates: Lloyd’s Chairman
Nov 19 2020 // Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had previously estimated, its Chairman Bruce Carnegie-Brown said on Wednesday. Carnegie-Brown told...
How Lloyd’s Underwriters Are Viewing Today’s U.S. Casualty Insurance Environment
Nov 19 2020 // Today’s Lloyd’s of London market for casualty insurance is marked by rising prices, reduced capacity, and buyers embracing more self-insurance, according to underwriters at Lloyd’s. It is also marked by...
Intact, Resilience Insurance to Provide Cyber Risk Coverage, Services
Nov 19 2020 // Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s (IFC) U.S. insurance company subsidiaries, has launched cyber insurance options that will be offered in partnership with program...
Enstar to Sell Starstone’s Lloyd’s Managing Agency to New Re/Insurance Venture Inigo
Nov 18 2020 // Enstar Group Ltd. and Stone Point Capital LLC announced they have signed definitive agreements to sell StarStone Underwriting Ltd. (SUL), the Lloyd’s managing agency, together with the right to operate Lloyd’s...
Gray Surplus Lines Insurance to Launch Dec. 1 in Louisiana
Nov 18 2020 // Metairie, La.-based Gray Insurance Co. is expanding its excess casualty capabilities with the launch of Gray Surplus Lines Insurance Co. on Dec. 1, 2020. Domiciled in Louisiana and with an A.M. Best rating of A-...
Hine Elected President of Texas Surplus Lines Association
Nov 17 2020 // Amicia Hine, executive vice president with Worldwide Facilities LLC, MHI-MGA Division, in San Antonio, has been elected president of the Texas Surplus Lines Association Inc. Justin Kotrla, senior vice president, Property,...
HIIG in Houston Rebrands as Skyward Specialty Insurance Group
Nov 17 2020 // Houston, Texas-based Houston International Insurance Group (HIIG) has changed its name to Skyward Specialty Insurance Group (Skyward Specialty). The company said the launch of the new Skyward Specialty brand is one of many...
Specialty Re/Insurer Convex Group Raises $1B in Additional Capital
Nov 17 2020 // Specialty insurer and reinsurer Convex Group Ltd. announced it has secured commitments for an additional $1.0 billion of equity capital, subject to the requisite regulatory approvals. Bermuda-based Convex launched in April...
