Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
ConnectUW Holdings Opens for Business at Lloyd’s
Dec 17 2024 // ConnectUW Holdings, the parent company of Connect Underwriting and other specialist reinsurance MGAs, announced it will take ownership of Lloyd’s box number 356 from Dec. 23, 2024. Situated in the company market...
AXIS to Transfer $2.3B of Reinsurance Reserves to Enstar in Boost to Specialty Focus
Dec 17 2024 // AXIS Capital Holdings Ltd. and Enstar Group Ltd. announced they have entered into a loss portfolio transfer (LPT) reinsurance agreement, which will retrocede $2.3 billion of AXIS’s reinsurance reserves. Structured as...
Lloyd’s of London Trade Body Examines Planned Conduct Overhaul
Dec 16 2024 // Lloyd’s of London members have set up a working party to examine the commercial insurance market’s plans to overhaul its conduct rules, a trade body said on Friday, following criticism of the strengthened...
AIG Leads Launch of Reinsurance Syndicate at Lloyd’s
Dec 13 2024 // American International Group announced it has led the launch of a new reinsurance syndicate at Lloyd’s. Commencing underwriting from Jan. 1, 2025, Syndicate 2478 will be a multi-year participant on AIG’s...
Ryan Specialty Forms Contingency Unit, Joining Paradiso Risks and Alive Risk
Dec 13 2024 // Ryan Specialty, Chicago-based specialty insurance services firm, announced that Paradiso Risks is joining Alive Risk, Ryan Specialty’s sports, leisure and entertainment managing general underwriter. London-based...
Digital Lloyd’s Syndicate Ki to Become Standalone Business Within Fairfax Group
Dec 12 2024 // Brit Ltd. and Ki announced that Ki will operate as a standalone company within the Fairfax Group, effective Jan. 1, 2025. Ki was incubated and launched by Brit in 2020 and began writing business on Jan. 1, 2021 with its...
Cyber Specialty MGA Envelop Risk Extends Capacity Backing From MS Reinsurance
Dec 11 2024 // Envelop Risk, the data-driven cyber reinsurance and analytics specialist, announced it has just completed a capacity agreement with MS Reinsurance for a further three years. Further to that, MS Reinsurance recently became...
Future Pandemic Could Cause $13.6 Trillion in Economic Losses Over 5 Years: Lloyd’s
Dec 11 2024 // Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance market Lloyd’s of London predicted. The impact would mainly be from disruption...
Arrowhead introduces new California E&S Homeowners program
Dec 10 2024 // SAN DIEGO, CA., December 10, 2024 – Arrowhead General Insurance Agency, Inc. has announced the launch of a new California E&S Homeowners program. This non-admitted product is a collaboration between Arrowhead’s...
Inigo Owners Said to Weigh Options for Lloyd’s of London Insurer
Dec 4 2024 // The owners of Inigo Ltd. are exploring options for the British specialist insurance group including a potential sale, according to people familiar with the matter. The shareholders, which include buyout firm JC Flowers...
People Moves: Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair, Montgomery as CEO; Howden Re Taps Aon’s Kroely as MD for Continental Europe
Dec 3 2024 // This edition of International People Moves details appointments at Ryan Specialty and Howden Re. A summary of these new hires follows here. Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair,...
Oak Reinsurance Gets Permission From Lloyd’s to Begin Underwriting in January
Nov 26 2024 // Oak Reinsurance (OAK Re), the London-based reinsurance company, announced that its Lloyd’s Syndicate 2843 has received permission to begin underwriting business incepting from Jan. 1, 2025. This follows the approval...
People Moves: Columbia Insurance Group Names Rieth VP of E&S
Nov 20 2024 // Aaron Rieth Columbia Insurance Group (CIG), headquartered in Columbia, Missouri, hired Aaron Rieth as vice president of excess and surplus (E&S). In this newly created position, Rieth leads the development of...
People Moves: Great American Insurance Group Promotes Gambrell to Divisional President, Excess Liability
Nov 19 2024 // Todd Gambrell Great American Insurance Group, headquartered in Cincinnati, promoted Todd D. Gambrell to divisional president, excess liability, effective Jan.1, 2025. Gambrell will succeed John V. Bracca, who will retire...
Skyward Specialty Launches Life Sciences Liability Coverage
Nov 15 2024 // Houston-baed Skyward Specialty Insurance Group announced the launch of its new life sciences liability coverage. The strategic addition to the Company’s healthcare solutions underwriting unit offers comprehensive and...
Lloyd’s of London Shakes Up IT, Operations Teams
Nov 14 2024 // Commercial insurance market Lloyd’s of London is restructuring its data, operations and change departments, which will involve outsourcing some of those units’ work, a Lloyd’s spokesperson said on...
Doe & Emuss Launches as Professional Liability U/W Manager and Lloyd’s Coverholder
Nov 14 2024 // Doe & Emuss (D&E), the London-based boutique professional liability underwriting manager, has been launched with approved coverholder status at Lloyd’s. D&E is founded and led by industry veterans, Chief...
People Moves: Everest Insurance Appoints Corbo to Lead US Primary Casualty, Weiser to Lead US Excess Casualty
Nov 14 2024 // Nina Corbo Everest Insurance, the insurance division of Everest Group, headquartered in Warren, New Jersey, appointed Nina Corbo to lead U.S. primary casualty and Debbie Weiser to lead U.S. excess casualty. Corbo oversees...
Markets/Coverages: Aviva’s Lloyd’s Insurer Probitas Launches 5 New Lines of Business
Nov 13 2024 // Aviva’s Lloyd’s business Probitas announced it began to quote for five new classes of business – marine (cargo, fine art & specie, and ports & terminals), construction, renewable energy,...
Nonresident Surplus Brokers in Alabama Must Have $50,000 Bond Starting Jan. 1
Nov 12 2024 // Nonresident surplus lines brokers working in Alabama, like their in-state brethren, must secure a $50,000 fidelity bond to be licensed in the state, starting Jan. 1. The Alabama Department of Insurance posted the bulletin...
