Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Miller Completes Acquisition of Spanish Specialty Re/Insurance Broker Bruzon
Oct 1 2024 // Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros. The transaction, which first was...
People Moves: Liberty Specialty Markets Promotes Nelson to CUO, UK & MENA, Succeeding O’Neill; Pen’s Trafalgar Marine Trades Taps Geo’s Colbourn as Senior UK U/W
Oct 1 2024 // This edition of International People Moves details appointments at Liberty Specialty Markets, the MGA Pen Underwriting, and Lloyd’s syndicate, AEGIS London. A summary of these new hires follows here. Liberty...
A ‘Real Race for Talent’ in E&S Industry, Says WSIA’s Kelley [Video]
Sep 25 2024 // Brady Kelley, president and CEO of the Wholesale & Specialty Insurance Association, said the organization has been doing a lot to promote the E&S segment in hopes of attracting talent “There is no doubt a...
As E&S Market Growth Hits New Heights, Some Risk May Be There to Stay: AM Best
Sep 24 2024 // In 2023 the U.S. surplus lines market for the first time surpassed the $100 billion mark in direct premiums written, and some of the risk that has found non-admitted insurers might stay there beyond an eventual turn in the...
A-G Specialty Expands With Acquisition of eSportsInsurance Brokerage
Sep 24 2024 // A-G Specialty Insurance, a brokerage specializing in coverage for niche industries, is expanding its reach in the amateur sports world with the acquisition of eSportsInsurance, based in Lilburn, Georgia. A-G Specialty,...
Lloyd’s Syndicate Firm Launches Professional Liability Insurer, Based in Charlotte
Sep 23 2024 // Beat Capital Partners, a London-based incubator of underwriting franchises and subsidiary of Ambac Financial Group, said it has launched a professional liability insurance company, based in Charlotte. ProRise Insurance...
E&S Vet Miller and Team Launch MGA Pivix
Sep 20 2024 // Former Scottsdale Insurance President Mike Miller will now serve as president and CEO of excess & surplus managing general agency Pivix Specialty Insurance Services. Based in Scottsdale, Arizona, Pivix is an E&S...
Sir Charles Roxburgh Named Next Chair of Lloyd’s, Succeeding Carnegie-Brown
Sep 19 2024 // Lloyds of London, the re/insurance marketplace, announced that Sir Charles Roxburgh has been named its next chair, subject to regulatory approval. Sir Charles will take up the position on May 1, 2025, succeeding Bruce...
Awbury Syndicate 2025 Gets ‘In Principle’ Nod From Lloyd’s for Launch in January
Sep 18 2024 // The Awbury Group and Polo Managing Agency Ltd. have announced that Lloyd’s has granted “in principle” approval for Awbury Syndicate 2025 to commence underwriting from Jan. 1, 2025. Awbury Syndicate 2025...
E&S Leaders Embrace the Risky Future
Sep 16 2024 // The property/casualty insurance industry and excess and surplus lines brokers in particular are at the world’s beck and call to help navigate what is an increasingly risky environment. The industry continues to...
‘No’ Is Not an Option for E&S Brokers Managing Busy Times – Young E&S Pros Share Views on Surplus Lines
Sep 16 2024 // Wholesale insurance teams are up for a challenge, and they need to be. Rising rates, shrinking appetites, hurricanes, wildfires and increased demand mean those working in the excess and surplus (E&S) sector are facing...
Tokio Marine Kiln Launches Specialty Reinsurance Division
Sep 13 2024 // Tokio Marine Kiln (TMK), the international specialist insurer, announced the formation of a new Specialty Reinsurance division to support the company’s growth ambitions in the sector. The new division will be led by...
Lloyd’s of London Plans to Overhaul ‘Unclear’ Rules on Dealing With Poor Conduct
Sep 12 2024 // Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercial insurance market as its current processes for dealing with bad behavior could be...
Property Drives E&S Growth of 15% in 2023 to Increase Overall P/C Share
Sep 12 2024 // For the sixth straight year, U.S. excess and surplus insurers in 2023 saw double-digit growth in direct written premiums. E&S direct written premiums (DWP) grew 15% last year to increase its share of the total...
This Niche Agency Grew 200% by Digitizing Their Agency Bill and Surplus Lines Business.
Sep 10 2024 // Los Angeles, CA, September 10, 2024 – SL Digitized introduces a groundbreaking platform that digitizes and automates the selling and servicing of new and renewal agency bill and surplus lines business. By leveraging...
Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal
Sep 6 2024 // Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim results in 17 years—does this mean the hard market cycle is ending? During a media briefing to...
Florida-based FCCI Moving Into Excess and Surplus Market Oct. 1
Sep 6 2024 // Sarasota-based FCCI Insurance Group will soon start writing excess and surplus lines across much of the country, the carrier announced this week. Florida, Georgia and Texas insurance agents can submit general liability and...
Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7 Combined Ratio
Sep 5 2024 // The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from the £3.9 billion (US$5.1 billion) reported during H1 2023. The combined ratio,...
Ryan Specialty Agrees to Buy Certain Assets of Ardonagh’s Geo Underwriting Europe
Sep 3 2024 // Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire certain assets of the European managing general agent Geo Underwriting Europe BV (Geo...
Australia’s Agile Launches New Zealand Unit to Support Its New Lloyd’s Syndicate
Aug 30 2024 // Agile Underwriting Services, the Sydney, Australia-based insurtech, managing general agent, and Lloyd’s coverholder, has launched a unit in New Zealand, which Agile described as the first of its kind for a...
