Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
New Commercial Trucking Coverage from Hudson Targets Independent Contractors
Sep 3 2020 // Hudson Insurance Group has released commercial trucking coverage for independent contractors that is now offered through retail producers in select states. Coverage includes occupational accident, contingent liability,...
CRC’s Johnston Joins RT Specialty to Establish Alabama Office
Sep 3 2020 // R-T Specialty, LLC has hired senior property broker J. Mason Johnston to establish the wholesale broker’s Birmingham, Ala., office, where he will serve as president. Johnston is a property and builder’s risk...
Texas’ HIIG Launches New E&S Brokerage Business Unit
Sep 2 2020 // Houston International Insurance Group Ltd. (HIIG) has launched an E&S (excess and surplus) brokerage business unit to provide liability and property insurance products and services to the wholesale brokerage...
Beat Capital Partners with Bain Capital to Support Lloyd’s Syndicate 4242
Sep 2 2020 // The London-based, insurance-focused investment firm Beat Capital Partners said it is creating a dedicated underwriting vehicle, funded by Bain Capital Credit, which will provide capital through its Syndicate 4242 to...
AM Best Finds Global Reinsurers ‘Maintain Equilibrium’ Through COVID-19
Sep 2 2020 // Ratings agency AM Best says its continued stable outlook on the global reinsurance industry reflects negative market forces largely driven by the COVID-19 pandemic, social inflation and previous years’ property...
3 Ways to Maximize Your Learning
Sep 2 2020 // Insurance learning should be an ongoing part of every insurance professional’s life. Many of us have licenses that require us to attend classes and get continuing education credit. Some states require certain classes...
Ryan Specialty Group and All Risks Finalize Merger
Sep 2 2020 // Specialty insurance brokerages Ryan Specialty Group and All Risks have closed on the merger the two firms into Ryan Specialty Group. The deal unites Chicago-based Ryan Specialty Group and its nearly $12 billion in premium,...
AXIS Partners With AllDigital Specialty MGA on Small Business Platform
Aug 31 2020 // AXIS Insurance and AllDigital Specialty will launch an insurance platform designed for the U.S. small private company management liability market. AXIS will utilize AllDigital’s technology to quote, bind and issue...
National E&S Launches COVID-19 Cleaning GL, CPL Coverage
Aug 25 2020 // National E&S Insurance Brokers has launched COVID-19 cleaning coverage with an “A” rated carrier specifically designed for non-fire/water restoration contractors who wish to perform COVID-19 cleaning and...
Lloyd’s Gets to Keep $3 Million Because FDIC Waited Too Long to Collect
Aug 25 2020 // Lloyd’s of London does not have to pay the U.S. government’s Federal Deposit Insurance Corp. $3 million in judgment interest because the FDIC waited too long —18 months after a final judgment — to try to...
Lloyd’s Appoints Canal’s Bond as U.S. Head of Claims
Aug 25 2020 // Lloyd’s of London has named Carey Bond as U.S. head of Claims, a newly created role that stems from the Future at Lloyd’s strategy. Based in Greenville, South Carolina, he’ll be responsible for overseeing...
Berkshire Hathaway Specialty Adds ERGO’s Keune to Head Executive Lines in Germany
Aug 24 2020 // Berkshire Hathaway Specialty Insurance (BHSI) has appointed Dr. Carsten Keune as head of Executive & Professional Lines in Germany. Carsten has more than 20 years of industry experience. He was most recently head of...
Direct Insurance Names Business Development Manager for Its Lloyd’s Brokers
Aug 21 2020 // Direct Insurance Group has appointed Simon England to business development manager for its Lloyd’s broker division, Direct Insurance London Market (DILM). England joins from Compass where he was strategic accounts...
S&P Says Underwriting in Lloyd’s Market Continues to Improve
Aug 21 2020 // The Lloyd’s market looks unlikely to turn an underwriting profit in 2020 given the pandemic and hurricane season. However, there a signs of improvement, according to analysts at S&P Global Ratings. S&P notes...
Constructing a Post-Pandemic Construction Market
Aug 19 2020 // The construction industry may emerge from the pandemic strong or relatively unscathed compared to other segments of the economy. But it also faces its share of challenges in managing exposures, delays, added costs and...
Sterling New Age Cyber, Elpha Secure Launch ES-1000 Cybersecurity Package
Aug 13 2020 // Cybersecurity insurance company Elpha Secure and partner Sterling New Age Cyber have introduced ES-1000, a service bundle package that focuses on mitigating risk and cyber threat to clients through cyber software,...
Lloyd’s Selects 10 Insurtechs for Its Innovation Accelerator, Focusing on COVID-19 Risks
Aug 11 2020 // The Lloyd’s re/insurance market announced the latest cohort of insurtech disruptors that will join its Lloyd’s Lab innovation accelerator program with a focus on COVID-19 products and solutions. The insurtechs...
Trident Marine Managers, Nationwide E&S Form Underwriting Agreement
Aug 11 2020 // Trident Marine Managers, Inc. (Trident) has reached a delegated authority underwriting agreement with Nationwide E&S to provide recreational marine and marine equipment insurance, along with workers’ compensation...
Lloyd’s Broker Ed Taps Ulhaq from RFIB to Expand Int’l Facultative Reinsurance Offering
Aug 6 2020 // Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of Assad Ulhaq as senior broker and producer with immediate effect. In this role Ulhaq will focus on international property...
Allianz Global Corporate & Specialty Sells U.S. Products Recall Business to Axon
Aug 5 2020 // New Jersey-based specialty lines program administrator Axon Underwriting Services has acquired the renewal portfolio of Allianz Global Corporate & Specialty’s (AGCS) U.S. contaminated and consumer products recall...
