Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Cryptocurrency Exchange Bitstamp Adds Lloyd’s-Backed Crime Insurance Policy
Oct 22 2020 // Bitstamp, a cryptocurrency exchange, has expanded the insurance offered to its customers with an additional crime insurance policy. The crime insurance policy is offered by specialist insurance brokers, Paragon...
RSG Underwriting Managers Names Wuller Executive Vice President
Oct 21 2020 // Ryan Specialty Group (RSG) announced the appointment of Miles Wuller as executive vice president of RSG Underwriting Managers, the managing underwriting division of Ryan Specialty Group that provides centralized...
HDI Global Specialty Enters German Fine Art, High Net Worth Market with Hire from AXA
Oct 20 2020 // HDI Global Specialty SE is entering the German Fine Art and high net worth insurance market with the appointment of Dr. Alexander Wiebe from AXA. He joins the specialty lines insurer as head of Fine Art & Lifestyle...
Specialty Broker NARDAC Launches in California
Oct 19 2020 // Newport Beach, Calif.-based NARDAC Insurance Services was recently launched by Jatin Sharma and co-founding partners Bill Kost and Brandon Statton. The new brokerage offers general products and services with highly...
10 Things to Know About Habitational Properties
Oct 19 2020 // After years of losses in the multifamily habitational market, insurers have become far more cautious for both property and casualty coverages, cutting back capacity or even leaving the market altogether. Rates and...
Should Upcoming California Commissioner’s Hearing on Wildfires Concern Insurers?
Oct 16 2020 // Insurance Commissioner Ricardo Lara will convene a “virtual investigatory hearing” on Monday to initiate a series of regulatory actions that will protect residents from the increasing risk of wildfires. Several...
FM Global Creates Specialty Division for Forest Products, Chemical Industry
Oct 15 2020 // Commercial property insurer FM Global is creating a new division within the company to further strengthen its focus on serving the property risk management needs of the forest products and chemical industries. James P....
Canada’s Intact Rebrands OneBeacon, All North American Specialty Insurance as Intact
Oct 14 2020 // Intact Financial Corp. is bringing together its Canadian and U.S. specialty insurance operations under a single brand: Intact Insurance Specialty Solutions. The U.S. businesses had previously operated under the OneBeacon...
AmWINS, CRC and Heffernan Create Technology Alliance for Specialty Business
Oct 13 2020 // Wholesaler insurance brokers AmWINS and CRC, along with independent agency Heffernan Insurance Brokers, are the charter members of a new alliance to accelerate technology improvements in the brokerage, wholesale and...
New Jersey’s Specialty Program Group Hires Lamitola as Chief Sales Officer
Oct 13 2020 // Specialty Program Group LLC (SPG), a Summit, N.J.-headquartered operator of specialty insurance brokerages and underwriting facilities, has hired Christopher Lamitola chief sales officer. In this capacity, Lamitola will...
Lloyd’s Reviews Product Design of Insurance Contracts in Response to COVID-19
Oct 12 2020 // Lloyd’s of London is reviewing the way insurance products are designed and sold as it calls for simpler products in response to the coronavirus pandemic, the commercial insurance market said on Monday. Insurers have...
Munich Re Specialty Launches E&O Covearge for Mid-Sized Law Firms
Oct 12 2020 // Munich Re Specialty Insurance has launched a lawyers professional liability (LPL) insurance product, an errors and omissions policy specially designed for mid-size law firms. The LPL policy provides up to $5 million in...
Nexus Adds E&S Market to Professional Liability Offering
Oct 9 2020 // Independent specialty managing general agent Nexus has added a Brit Syndicate to its US roster of carriers, giving it the ability to now underwrite its miscellaneous professional liability product on an excess &...
Digital E&S Insurance Broker Pathpoint Makes Its Debut
Oct 8 2020 // Pathpoint, a new brokerage for excess and surplus lines, is billing itself as an all-digital wholesale brokerage built from the ground up. Pathpoint is licensed across the U.S. and is a coverholder at Lloyd’s of...
London Company Market Grew 10% in 2019
Oct 8 2020 // Premium income for the London company market grew by 10% last year with £21.436 billion of large commercial and wholesale risks underwritten by firms in the City. A new report from the International Underwriting...
Exiting Insurers, Premium Hikes Frustrate Canada’s Struggling Hospitality Industry
Oct 8 2020 // Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the space, citing losses and...
Texas Surplus Lines Stamping Fee to Decrease in January
Oct 6 2020 // The stamping fee for recording surplus lines insurance policies in Texas will drop from the current rate of 0.15% of gross premium to 0.075% in January. The request by the Surplus Lines Stamping Office of Texas (SLTX) to...
Wholesale Trading Insurance Services Acquires Landmark E&S in California
Oct 5 2020 // Wholesale Trading Insurance Services LLC and its parent company, Jencap, LLC, have agreed to acquire privately held Landmark E&S Insurance Brokers LLC, an Anaheim, Calif. based specialty wholesale brokerage firm. Terms...
CRC Group Acquires Specialty Risk Associates in Louisiana
Oct 1 2020 // CRC Group has acquired Specialty Risk Associates Inc. in Shreveport, La. Terms of the deal were not disclosed. The addition of Specialty Risk expands CRC Group’s binding, transportation binding and personal lines...
White Mountains to Buy 72% Stake in Lloyd’s Insurer Ark for Growth in Hardening Market
Oct 1 2020 // White Mountains Insurance Group, Ltd. announced it has entered into a definitive agreement to invest fresh capital in and to acquire a majority interest in Ark Insurance Holdings Ltd., the parent company of Ark Syndicate...
