Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
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...
