Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
NIF Group Acquires Pacific Coast E&S in California
Jan 8 2021 // NIF Group, and its parent company, Jencap Group, have agreed to acquire the assets of Pacific Coast E&S Insurance Services in Santa Rosa, Calif. New York-based NIF is a program manager and wholesale broker providing...
Cincinnati’s Core Specialty Makes Key Appointments in Property Division
Jan 6 2021 // Cincinnati, Ohio-based Core Specialty Insurance Holdings Inc. has filled several key roles within its Property Division, led by Alison Oliphant. The company had previously announced its plans to launch this division ahead...
Platinum Specialty Underwriters Acquires IPC in Nevada
Jan 5 2021 // Platinum Specialty Underwriters has acquired International Property & Casualty Insurance Brokers of Nevada Inc. IPC will continue to operate under its established brand name. Terms of the deal weren’t...
PHLY Acquires Staffing Insurance Business from World Wide Specialty Programs
Jan 5 2021 // Philadelphia Insurance Companies (PHLY) has acquired the Staffing Insurance Business offered by World Wide Specialty Programs Inc., based in Melville, N.Y. World Wide will operate as a division of PHLY and assume...
CNA Transfers $690M of Excess Workers’ Compensation Business to Enstar Subsidiary
Jan 4 2021 // Commercial lines insurer CNA Financial Corp. and Enstar on Dec. 30, 2020 said they had reached an agreement to have a subsidiary of Enstar reinsure a legacy portfolio of excess workers’ compensation policies,...
Core Specialty Adds Tokio Marine’s Jacobs to E&O, Professional Liability Team
Dec 28 2020 // Cincinnati-based Core Specialty Insurance Holdings reported that Jeff Jacobs has joined as senior vice president, head of Errors and Omissions Professional Liability. Jacobs has 30 years of insurance sector experience...
Social Inflation Lesson: Not Settling Cost Insurer Millions in Suit by Excess Insurer
Dec 23 2020 // The defense team for Chubb Group’s Ace American Insurance Co. was confident that no jury would award more than $2 million in a wrongful death lawsuit filed by the family of Mark Braswell, who died on May 16, 2014...
Texas Surplus Lines Stamping Office: Fee Decreases on Jan. 1, 2021
Dec 23 2020 // The Surplus Lines Stamping Office of Texas (SLTX) is reminding wholesale agents and brokers that the stamping fee for recording surplus lines insurance policies in Texas will be lower beginning on Jan. 1, 2021. The...
Through November, Texas Surplus Lines Premium 12% Higher than Last Year
Dec 21 2020 // Texas surplus lines premium recorded by the Surplus Lines Stamping Office of Texas (SLTX) rose to $587.46 million in November. The recorded premium year to date as of November is 12.3% higher than that of the same period...
Lloyd’s Syndicate Dale and DUAL Launch MGU with Focus on U.S. Property Insurance
Dec 21 2020 // Dale Underwriting Partners and DUAL announced a new joint venture, Dale DUAL MGU Ltd. (DDML), in collaboration with Aviva with immediate effect. This partnership has been brought together by Howden Reinsurance Broking led...
The Gig Economy’s Auto Insurance Market and Surplus Lines
Dec 21 2020 // Automobile insurance looks very different today than it did a generation ago. The means by which people (and goods) travel via motor vehicles continue to expand and evolve, as do businesses and their automobile insurance...
Lloyd’s Moves to End Insurance and Investments in Coal for Climate Sustainability
Dec 17 2020 // The Lloyd’s market is moving to end its insurance of coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022. As part of its plan to accelerate the...
Applied Underwriters Forms EU Subsidiary for Specialty Business in Europe, Middle East
Dec 16 2020 // Omaha-based insurer Applied Underwriters Inc. announced it has formed Applied Financial Lines Ltd., a new European subsidiary, which will operate from Paris and Cologne. The new company will underwrite several specialty...
Lloyd’s, Insurtech Parsyl Launch Insurance Facility for COVID-19 Vaccine Shipments
Dec 15 2020 // Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions of dollars of insurance coverage, together with risk mitigation services, to help...
AM Best Assigns Ratings to Accredited Specialty Insurance in Arizona
Dec 9 2020 // AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Accredited Specialty Insurance Co. in Phoenix, Ariz. The outlook assigned...
How Young E&S Brokers Are Navigating Today’s Market and Their Careers
Dec 9 2020 // Wholesaler brokers of all ages are facing hard market conditions with rising insurance rates, tighter underwriting and fewer carriers willing to write some tough classes. They, like everyone, are also experiencing fewer...
Everest Insurance Names Clark Senior VP, Head of Everest Specialty Underwriters
Dec 9 2020 // Everest Insurance has named Robert Clark as senior vice president and head of Everest Specialty Underwriters (ESU). Clark will continue to be based in the company’s New York City office, reporting to Everest...
New Sirius U.S. Excess & Surplus Unit Begins Writing Environmental Business
Dec 9 2020 // Sirius International Insurance Group Ltd. announced its new U.S.-based excess & surplus lines (E&S) platform, called Sirius Specialty Insurance Co. (SSIC), will begin underwriting business produced by the...
AmWINS Programs Adds Core Specialty as Long-Term Care Facilities Program Carrier
Dec 8 2020 // Core Specialty Insurance Holdings, Inc. will be the carrier providing insurance coverage for AmWINS Program Underwriters’ (APU) Long-Term Care Facilities program, effective January 1, 2021. The Long-Term Care...
New Insurance Group Inigo Gets Approval from Lloyd’s to Start Underwriting in January
Dec 3 2020 // Inigo Ltd., the new London insurance group that has raised $800m in start-up capital from a group of blue chip global investors, announced that it has received approval in principle from the Corporation of Lloyd’s...
