Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Surplus Lines Premium Grows in Response to Weak Results; Top 15 E&S Writers: Fitch
Oct 7 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...
Texas Surplus Lines Premium Up 16% Over 2018
Oct 3 2019 // Reported Texas surplus lines premium through the first three quarters of 2019 reached $5.35 billion, a 16.15% increase over the same period in 2018, according to the Surplus Line Stamping Office of Texas...
New Specialty Re/Insurer Convex Authorized to Write Excess and Surplus Lines in U.S.
Oct 3 2019 // Convex Group, the Bermuda-based international specialty insurer and reinsurer, announces that its UK insurance subsidiary, Convex Insurance UK Ltd., has been added to the National Association of Insurance Commissioners...
Canopius Completes Acquisition of AmTrust at Lloyd’s
Oct 3 2019 // Canopius Group announced it has completed its acquisition of AmTrust at Lloyd’s. The merger provides Canopius with significant additional underwriting expertise and a broader product offering, creating a leading...
Hines Joins Everest’s Specialty Insurance Group in Underwriting
Oct 2 2019 // Kurt Hines has joined insurer Everest Insurance as vice president of Underwriting in the Specialty Insurance Group, which offers coverages for the sports, leisure and entertainment industries. In this role, Hines will be...
Willis Re Specialty Taps Aspen’s Harrell as Managing Director & Chief Operating Officer
Oct 2 2019 // Reinsurance broker Willis Re announced the appointment, with immediate effect, of Donald Harrell as managing director & chief operating officer of Willis Re Specialty. Harrell joins with more than 25 years’...
Euclid Insurance Services Taps CNA’s Elliott to Lead New Life Sciences Division
Oct 1 2019 // Euclid Insurance Services, Inc. has formed Euclid Life Science Specialty, LLC (Euclid Life Science), a product and professional liability insurance underwriting platform providing tailored casualty coverage products to the...
Third Point Re’s Wilson Joins Hamilton to Head U.S. Casualty, Specialty Reinsurance Unit
Oct 1 2019 // Bermuda-based specialty insurer and reinsurer Hamilton Insurance Group announced that Steve Wilson has been appointed senior vice president, head of Casualty & Specialty, for its new U.S. reinsurance platform. Wilson...
Lloyd’s Reveals Blueprint to Build ‘Most Advanced Insurance Marketplace’
Sep 30 2019 // Lloyd’s of London has unveiled a blueprint for action to facilitate its Future at Lloyd’s project, which aims to “build the most advanced insurance marketplace in the world.” This first blueprint,...
London Market’s Early Modernization Program, LM TOM, Is Being Wound Down
Sep 30 2019 // The Board of the London Market Group (LMG) announced that the London Market Target Operating Model (LM TOM) has been wound down in its current form, having delivered the majority of proposed solutions, which are now in...
Strong E&S Premium Growth in Response to Weak Results; Top 15 E&S Writers: Fitch
Sep 30 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...
AIG Taps Eccles from Argo, Langdon from Chubb for Senior Global Specialty Roles
Sep 26 2019 // American International Group, Inc. announced the appointment of two senior leaders in its global specialty business. Steve Eccles will join AIG as global head of Aerospace, General Insurance. James Langdon will join AIG as...
AmTrust E&S Insurance Services Taps Lynn to Lead New Excess Casualty Division
Sep 24 2019 // AmTrust E&S Insurance Services is expanding its offerings with the launch of an excess casualty underwriting division. To lead the Los Angeles-based new business unit, AmTrust E&S has hired Jeff Lynn, who brings 15...
Lloyd’s Culture Survey Reveals ‘Ugly’ Levels of Sexual Harassment
Sep 24 2019 // Lloyd’s announced the results of its culture survey, which was commissioned in March in the wake of press reports of rampant sexual harassment in the market. The survey confirms that many women are enduring a toxic...
Excess & Surplus Market Soars as Standard Carriers, Lloyd’s Drop Accounts
Sep 24 2019 // Demand for surplus lines insurance rose dramatically in 2018 and is continuing to expand this year, so much so that some in the sector are feeling a bit overwhelmed. The excess and surplus lines sector is enjoying its...
Monarch E&S Insurance Services Opens Florida Branch
Sep 24 2019 // Monarch E&S Insurance Services, a division of SPG Insurance Solutions, a full-service MGA and wholesale broker, has opened a new branch in Florida. The new branch is part of the company’s plans to expand its...
CAC Specialty Names Former Aon, JLT Specialty Executive Rice as CEO
Sep 23 2019 // Newly-launched specialty insurance broker CAC Specialty announced the appointment of Michael D. Rice II as its chief executive officer. Rice brings years of experience in the brokerage industry. Most recently, he served as...
Staying Profitable in an Increasingly Fragmented World: SCOR Global P&C CEO
Sep 23 2019 // There are several things that keep SCOR’s Jean-Paul Conoscente awake at night. Climate change is one of them; cyber risk is another. Only time will tell whether these risks are actually insurable, cautions...
Essary Out as Executive Director of Texas Surplus Lines Stamping Office
Sep 20 2019 // The Surplus Lines Stamping Office of Texas (SLTX) board of directors announced that SLTX Executive Director Norma Essary will separate from employment, effective Oct. 17, 2019. The board voted Sept. 17 to relieve Essary of...
Generali Launches U.S. Specialty Insurance Division, Focusing on Warranty Services
Sep 20 2019 // Generali US Branch, the U.S. arm of Generali Group, announced the launch of its Specialty Insurance Division, which will focus on providing warranty services and solutions. The Specialty Insurance Division will provide...
