Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Launches Campaign to Fight ‘Unacceptable Behavior’
Nov 20 2019 // Lloyd’s of London announced a new campaign to encourage more people to speak up against “unacceptable behavior”. The campaign is part of a program of measures put in place to “accelerate progress...
Hamilton Insurance Places Lloyd’s Syndicate Acappella Into Runoff
Nov 19 2019 // Hamilton Insurance Group Ltd. said it is placing Acappella Syndicate 2014 into runoff. Acappella is a third-party capital supported Lloyd’s syndicate included in Hamilton’s acquisition in August of Liberty...
Mier Named President of Texas Surplus Lines Association
Nov 15 2019 // Jennifer Mier, executive vice president with AmWINS Group in Dallas, has been elected president of the Texas Surplus Lines Association. Other officers elected at the group’s 64th Annual Meeting on Nov. 11 in Austin...
Pioneer Underwriters Decides to Put Lloyd’s Syndicate 1980 into Run-Off
Nov 15 2019 // Pioneer Underwriters has decided to put its Lloyd’s Syndicate 1980 into run-off after completing an examination of “strategic and capital options for 2020.” Pioneer said it will be working with Asta, the...
Lloyd’s Broker SSL Endeavour to Launch Latin America-Focused MGA in Miami
Nov 14 2019 // Specialist independent Lloyd’s broker and delegated authority expert SSL Endeavour Limited (SSL Endeavour) will launch a managing general agent (MGA) based in Miami, and a trio of senior hires to support growth in...
Praedicat Develops Named Peril Casualty Insurance Product via Lloyd’s Lab
Nov 13 2019 // Praedicat, Inc., the Los Angeles-based liability risk analytics software company, announced it is developing a new insurance product designed to help global industrials secure coverage for innovative and essential products...
How Brokers Influence Specialty Insurance Product Innovation
Nov 13 2019 // In an era of insurance transformation, where process simplification and flawless customer service are expected, innovation in policy and product is a must—especially when it comes to the non-traditional coverage aspects...
Sexual-Harassment Whistleblower Sues Lloyd’s Insurer Tokio Marine Kiln
Nov 13 2019 // A senior lawyer who blew the whistle on alleged sexual harassment and bullying at a top Lloyd’s of London insurance company is suing his employer for what he called a campaign of harassment, racial discrimination and...
IAT Insurance Adds 8 Hanover Underwriters to Specialty Brokerage Unit in North Carolina
Nov 13 2019 // IAT Insurance Group, a provider of specialty property and casualty products, has hired a team of eight underwriters to its Specialty Brokerage division. All eight previously worked together at Hanover Insurance under Mark...
Herrera Appointed Director of Operations at Texas Surplus Lines Stamping Office
Nov 8 2019 // The Surplus Lines Stamping Office of Texas (SLTX) has named Cheyenne Herrera director of Operations. Herrera originally joined SLTX in 1998 as a data entry clerk. She oversaw the implementation of the Electronic Filing...
Lloyd’s to Create Single Governing Body, Merging Council and Franchise Board
Nov 8 2019 // Re/insurance market Lloyd’s announced its decision to merge the Council of Lloyd’s and the Franchise Board, effective from June 1, 2020, after receiving widespread support from across the market. The news...
Nexus Rebrands Equinox Global as Nexus Specialty in the U.S.
Nov 5 2019 // London-based managing general agent Nexus Group announces the rebranding of Equinox Global Inc. in the U.S. as Nexus Specialty Inc. Nexus said the move will enhance the company’s aim to build both through acquisition...
Samsung Fire & Marine Insurance Finalizes Strategic Investment in Canopius
Nov 4 2019 // Canopius Group Ltd. announced the completion of Samsung Fire & Marine Insurance’s (SFMI) strategic investment in its business. The investment will support Canopius’s growth arising from the recent...
RLI, Gridiron Form Excess Liability Binding Authority Partnership
Nov 4 2019 // RLI has formed a partnership with Gridiron Insurance Underwriters to offer RLI’s excess liability binding authority insurance through Easy Excess, Gridiron’s dedicated online wholesale excess liability...
Ascot Taps Kenahan from AWAC as Head of Excess Casualty in Bermuda
Nov 1 2019 // Ascot announced the appointment of Patrick Kenahan as head of Excess Casualty in Bermuda. In addition, Jason Pugi, Kimberley Pursell and Michael Watkins were named senior vice presidents. The team will write excess...
Report: Cannabis Dispensaries May Become ‘Most Profitable’ Specialty Stores
Oct 31 2019 // Selling insurance to cannabis dispensaries may the business in which to be in the very near future. A new report claims that cannabis retailing could become one of the “most profitable specialty store categories...
A Trailblazer in the Lloyd’s Marketplace Looks Back and Ahead
Oct 31 2019 // When Vicky Carter, Guy Carpenter’s chairman of Global Capital Solutions, International, started working in the insurance industry 40 years ago, she was one of only a handful of women. She reflects here on how the...
Miami Specialty Risk Launches Lloyd’s-Backed Cyber, Technology E&O Facility
Oct 31 2019 // Miami Specialty Risk has launched a new cyber and technology E&O facility available in all 50 states. Backed by Lloyd’s of London, the Miami Specialty Risk facility is comprised of three products: SME Cyber and...
A Quick Introduction to Occurrence vs. Claims-Made Forms
Oct 30 2019 // We received this question recently. I have inherited an account where the primary CGL was written on an occurrence form and the excess liability was written on a claims-made form. Can you help explain why this isn’t...
Cyber Attack on Asia-Pacific Ports Could Cost $110B, Hitting Global Supply Chains
Oct 30 2019 // A single cyber attack that affects major ports across Asia-Pacific could cost $110 billion, which is roughly equivalent to half of all losses from natural catastrophes globally in 2018*, according to research from...
