Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Specialty Property Program Team of Blue River Underwriters Welcomes James D. Skelton
Dec 20 2019 // Atlanta, GA, December 20, 2019 — Blue River Underwriters, a Breckenridge Insurance Group company, announces the hiring of James D. Skelton, underwriter, to the specialty property program team based in Glen Allen,...
Hiscox’s Rubin Joins Liberty Specialty Markets as Head of Terrorism Underwriting
Dec 19 2019 // Liberty Specialty Markets (LSM) has appointed Jennifer Rubin to a newly-created role as senior underwriting executive and head of Terrorism Underwriting in North America. Rubin was formerly senior vice president, head of...
Florida Auto Insurer Windhaven Placed Into Rehabilitation
Dec 17 2019 // The future of another Florida domestic insurer is now in the hands of state regulators. Non-standard private passenger auto insurer Windhaven Insurance Co. (WIC), based in Miami, has been placed into rehabilitation by a...
Concord Specialty Risk Hires Edgette in New York as VP of Tax Insurance Underwriting
Dec 13 2019 // Concord Specialty Risk has hired Matthew Edgette as vice president of Tax Insurance Underwriting, where he will take on a leading role in Concord’s Tax Insurance practice. Edgette will be based in New York, N.Y. For...
Former Lloyd’s CEO Beale, Grant Thornton CEO Chipman Join Clyde Law Firm Board
Dec 11 2019 // Insurance law firm Clyde & Co has appointed two independent board members to its management board – the first such positions at the firm. Former Lloyd’s of London CEO Dame Inga Beale and former Grant Thornton...
Victor Launches Lloyd’s Syndicate 2288; Frances Named Active Underwriter
Dec 10 2019 // Victor Insurance Holdings, managing general underwriter, has received approval from Lloyd’s if London to establish Victor Syndicate 2288 and commence underwriting effective January 1, 2020 with stamp capacity of...
Brit Launches the First ILS Fund at Lloyd’s
Dec 9 2019 // Specialty insurer Brit Ltd. has launched Sussex Specialty Insurance Fund to offer insurance linked securities (ILS) investors access to Lloyd’s risk. It is the first ILS fund in the Lloyd’s of London...
SLTX: Texas’ E&S Premium Amount Reaches Record High in November
Dec 5 2019 // The Surplus Lines Stamping Office of Texas (SLTX) says it recorded $513.68 million in Texas excess and surplus lines insurance premium in November 2019. This total continues the year’s trend of each month in 2019...
Lloyd’s Launches Space Insurance Policy for Emerging Private Space Sector
Dec 5 2019 // Lloyd’s has launched a new multi-million-pound space insurance policy for the emerging private spaceflight industry. The product is designed to cater to the distinct needs of a rapidly growing new space sector,...
High Distribution Costs and How to Fix Them
Dec 5 2019 // The disruption currently taking place in insurance and reinsurance markets is at its most acute since the culmination of the financial crisis. Industry reserves, deteriorating earlier catastrophe losses and eye-popping...
The Excess Line Association of New York Names Greene Director of Government Affairs
Dec 2 2019 // The Excess Line Association of New York (ELANY) has given Director of Strategic Initiatives Howard W. Greene the additional title of Director of Government Affairs. Greene, an industry veteran of more than 30 years, has...
Berkshire Hathaway Specialty Insurance Offers Commercial Crime Cover in Asia Market
Dec 2 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing Commercial Crime Insurance in Asia, a new policy designed to help companies address the exposures of a changing fraud landscape. BHSI’s...
How ‘Intelligent’ Insurers Grow and Create Value: ACORD Study
Dec 2 2019 // Some insurance carriers grow but do not create value. Others shrink but still create value. Some fail at both. Then there are the “intelligent growers” — those that succeed at both, not only growing but...
Why E&S Carriers Aren’t Winners Over the Long Term
Nov 25 2019 // ACORD’s recent study, “Intelligent Growth: Intent, Decisions, Outcomes,” reveals that E&S/specialty companies don’t fare well over the long term. Here, CEO Bill Pieroni suggests possible reasons...
DeCotis Specialty Insurance Hires Jones as Director of Marketing
Nov 25 2019 // DeCotis Specialty Insurance has hired Robert Jones as director of Marketing. In this position, Jones is responsible for expanding awareness of the company’s services and value beyond its existing footprint in the New...
Wildfires Likely to Boost California Surplus Lines Homeowners Share; FAIR Plan Expansion Questioned
Nov 22 2019 // Premium volume from homeowners polices written by California’s surplus lines industry, although still small, has doubled over the past four years, seemingly pushed by an increase in wildfires in the state. Some...
Former Ironshore, Lexington CEO Kelley to Retire at Year’s End from Liberty Mutual
Nov 22 2019 // Liberty Mutual Insurance today announced that long-time industry leader Kevin H. Kelley, vice chairman, Global Risk Solutions, will retire at the end of this year. In 2017, Kelley joined Liberty Mutual following the...
Blue River Underwriters Opens New Office in Richmond, Virginia Metro Area and Adds a Senior Specialty Property Underwriter
Nov 22 2019 // Atlanta, GA, November 22, 2019 — The specialty property program team at Blue River Underwriters, a Breckenridge Insurance Group company, welcomed Jamey Schoenhard, underwriter, to the team and opened a new office in Glen...
Clark to Take Over as CEO of HDI Global USA in Chicago; Diericx Named President
Nov 22 2019 // Chicago-based HDI Global Insurance Co. (HDI Global USA) has appointed Jim Clark as its chief executive officer, effective Jan. 1, 2020. Brad Diericx, chief financial officer of HDI Global USA since 2014, will assume the...
Mitsui Sumitomo Insurance’s Rating Unchanged with Reorganization: AM Best
Nov 21 2019 // The financial and credit ratings of Mitsui Sumitomo Insurance Co. (MSI) remain unchanged following an announcement by its parent company, MS&AD Insurance Group Holdings (MS&AD), that it plans to reorganize its...
