Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Integrated Specialty Coverages Acquires Access Partners in California
Mar 17 2020 // Integrated Specialty Coverages has acquired Sacramento, Calif.-based Access Partners Insurance Services LLC. Terms of the deal were not disclosed. ISC is a technology-enabled General Agency backed by affiliates of Two...
Meetings Update: Target Markets Mid-Year Called Off; RIMS Cancels Conference
Mar 16 2020 // The Target Market Program Administrators Association has become the latest insurance organization to cancel a meeting. TMPAA Executive Director Ray Scotto announced that the 2020 TMPAA Mid-Year Meeting planned for Tampa on...
Canopius Acquires Bermuda-Based Specialty Reinsurer Multi-Strat Holdings
Mar 16 2020 // Canopius Group Ltd. has purchased a majority stake in Bermuda-based Multi-Strat Holdings Ltd. Financial details of the transaction were not disclosed. MultiStrat is a specialty reinsurance group that writes both...
Prepared Insurance of Florida to be Acquired by Lighthouse Property Insurance Corp.
Mar 16 2020 // Lighthouse Property Insurance Corp. plans to acquire its sister carrier, Prepared Insurance Company (Prepared), from Prepared Holdings Group. Lighthouse is a Louisiana-domiciled property and casualty insurance carrier...
Meetings Update: RIMS Cancels 2020 Annual Conference; IICF Postpones Events
Mar 14 2020 // For the first time in the Risk and Insurance Management Society’s 70-year history, it is not going to have its annual conference. The RIMS 2020 Annual Conference & Exhibition scheduled for May 6 in Denver has...
Lloyd’s Market Association to Close Office in Response to COVID-19
Mar 13 2020 // The Lloyd’s Market Association (LMA) is closing its office from Tuesday March 17 until the end of March in response to the COVID-19 outbreak. While its “Work From Home Business Continuity Plan” is...
Dubai’s IGI Bermuda to Begin Writing E&S in U.S.
Mar 13 2020 // Dubai, United Arab Emirates-based International General Insurance Holdings said that its Bermuda subsidiary, International General Insurance Co., has been granted provisional approval to begin writing U.S. excess and...
Meetings Update March 13: No In-Person Audience for Buffett’s Annual Meeting
Mar 13 2020 // Warren Buffett, CEO, said there will be a Berkshire Hathaway annual meeting as usual on May 2 but it will be unusual in that it will not be attended by thousands of shareholders, employees and media representatives as in...
Update March 12: Insurance Conferences Canceled, Postponed, Going Virtual
Mar 12 2020 // The roster of insurance-related conferences being canceled, postponed or moved to virtual due to the coronavirus threat keeps changing. Here is an updated list: March Property Liability Research Bureau (PLRB) called off...
Lloyd’s to Shut London Building for Coronavirus Stress-Test – But Trading Will Continue
Mar 12 2020 // Lloyd’s is shutting its London underwriting room at 1 Lime Street for one day for a contingency planning exercise in response to the coronavirus outbreak. Starting at midnight tonight and for 24 hours, Lloyd’s...
Updated Upcoming Insurance Event Cancellations: NAIC, WSIA, Cannabis, CFA…
Mar 10 2020 // The number of industry-related conferences being cancelled, postponed or moved to virtual platforms in response to the coronavirus threat is growing. The Wholesale and Specialty Insurance Association (WSIA) has joined the...
Surplus Lines Association of California Makes Executives Staff Moves
Mar 9 2020 // The Surplus Line Association of California announced on Monday that Pat McAuley, who had served most recently as the senior vice president for the education and compliance department, officially retired on Feb. 28 after...
Surplus Lines Late Filing Report for 2019 to Be Generated on March 19
Mar 9 2020 // The Surplus Lines Stamping Office of Texas (SLTX) said its late filing report, which lists all Texas surplus lines policies that were not timely filed in 2019, will be generated on March 19, 2020. Policies are considered...
Brandon Named Executive Director of Texas Surplus Lines Stamping Office
Mar 6 2020 // Greg Brandon has been appointed executive director of the Surplus Lines Stamping Office of Texas (SLTX). His appointment is effective March 9, 2020. Brandon succeeds Don Meyer, who has served as interim executive director...
European Banks, Lloyd’s of London Develop Coronavirus Contingency Plans
Mar 5 2020 // Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the financial industry braces for disruption from the rapidly spreading coronavirus outbreak. For many companies it...
Lloyd’s Promotes Miesowitz to Succeed Retiring Gunset as U.S. General Counsel
Mar 4 2020 // Lloyd’s of London has promoted Sabrina Miesowitz to U.S. general counsel to succeed Joe Gunset who is retiring from the role after almost 20 years at Lloyd’s. Miesowitz, who was formerly the deputy U.S. general...
Texas Insurer Hallmark Financial Exiting Binding Primary Commercial Auto Business
Mar 3 2020 // Citing loss development for prior underwriting years, Dallas-based specialty property/casualty insurer Hallmark Financial Services Inc., is exiting its Binding Primary Auto business. The commercial auto product the company...
Markel to Combine Two Divisions to Create Markel Specialty
Mar 2 2020 // Markel is combining its Markel Specialty and Markel Assurance divisions into one division called Markel Specialty, which launches on April 1. The new division will preserve the company’s current regional model and...
Lloyd’s Launches Cryptocurrency Wallet Insurance Policy
Mar 2 2020 // Lloyd’s has launched an insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks. The first of its kind liability policy, with flexible limits from as little as £1,000...
Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention
Mar 2 2020 // The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most...
