Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Newly-Launched CAC Specialty Combines Insurance Brokerage with Investment Banking
Aug 26 2019 // Alabama-based specialty insurance broker Cobbs Allen is forming CAC Specialty, a combined specialty insurance brokerage and investment banking platform to offer customized insurance and risk transfer services to large...
Liberty Mutual Names Chief Underwriting Officers for Excess Casualty and Public Entities
Aug 22 2019 // Liberty Mutual has appointed Jon Tellekamp as chief underwriting officer for National Insurance – Excess Casualty, and Doug Manwaring as chief underwriting officer of National Insurance – Public Entities and...
Wildfires Making Insurance Harder to Find, California Department of Insurance Says
Aug 21 2019 // Severe wildfire seasons have made it harder for homeowners to find insurance in high wildfire-risk areas, according to new data collected by the California Department of Insurance. The data released this week from the CDI...
Hamilton to Double in Size with Completed Acquisition of Pembroke Managing Agency
Aug 21 2019 // Hamilton Insurance Group said it has completed its acquisition of Liberty Mutual’s Pembroke Managing Agency at Lloyd’s and its Ironshore Europe DAC business. The acquisition, first announced in mid-March, will...
Liberty Specialty Markets Adds Goodliffe in Chicago as Sr. Underwriting Officer
Aug 21 2019 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has appointed James Goodliffe to the role of senior underwriting officer within its Financial Risk Solutions (FRS) Multi-Buyer Trade Credit practice. He is...
Underwriters Get Picky and Other Trends in Construction Insurance
Aug 19 2019 // Construction insurance specialists say their insurance market is strong with plenty of capacity and underwriters competing for the best accounts. According to specialists interviewed by Insurance Journal for their...
Near National P/C Carriers Identified for 2019
Aug 19 2019 // This year marks the 13th year of the Demotech Company Classification System, which was established in the Feb. 12, 2007, issue of Insurance Journal. The system categorizes insurers into one of 11 categories based on an...
Specialty Program Group Acquires Assets of New York’s The Mechanic Group
Aug 15 2019 // Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired the assets of The Mechanic Group Inc. (TMG), a Pearl River, N.Y.-based specialty insurance program...
Nation’s Excess & Surplus Market Reports 13% Growth Through Midyear
Aug 14 2019 // Source: Texas Surplus Lines Stamping Office The nation’s excess and surplus lines insurance industry is growing almost 13 percent faster halfway through this year than it did last year at this time. Mid-year premium...
Concord Specialty Risk Hires Peress as Vice President in New York
Aug 14 2019 // Concord Specialty Risk has hired Ilan D. Peress as vice president and Reps & Warranty Insurance underwriter, where he will take on a leading role in Concord’s Reps & Warranty Insurance practice. Peress will...
Lloyd’s, London Market Insurers Surpass Q2 Electronic Placing Targets
Aug 12 2019 // More than half of in-scope market risks were placed electronically in the London and Lloyd’s markets during the second quarter, surpassing targets placed on the Platform Placing Ltd. (PPL) and other recognized...
Property Insurance Veteran Stephen Manahan Joins Blue River Underwriters
Aug 7 2019 // Atlanta, GA, August 7, 2019 — Stephen Manahan has joined the Specialty Property Program team of Blue River Underwriters, part of Breckenridge Insurance Group, as vice president, underwriting. Manahan brings more than 25...
Specialty Insurer Kinsale Capital Plans Public Offering
Aug 7 2019 // Richmond, Virginia-based specialty insurer Kinsale Capital Group said it intends to offer 530,000 shares of common stock in a public offering. Kinsale said it also expects to grant the underwriters a 30-day option to...
California Court of Appeal Hands Win to Insurer, Rental Car Space
Aug 5 2019 // The California Court of Appeal, Second Appellate District, has upheld the decision of a trial court ruling finding that fees rental car agencies charge for optional insurance need not be included in rate filings and are...
RT Specialty Promotes Mannschreck to President of Claims, Chief Claims Officer
Aug 5 2019 // R-T Specialty LLC (RT Specialty), based in Chicago, has promoted Todd Mannschreck to president of Claims, chief claims officer. Mannschreck has been with RT Specialty since 2013 and has lead RT Specialty’s claims...
Former Swett & Crawford CEO, NAPSLO Leader Hartoch Passes Away
Aug 1 2019 // David Hartoch, an executive long active in the wholesale insurance business, passed away on July 29. Hartoch served as president and CEO of Sherwood Insurance Services from 1991 to 1997 and then served as chairman and CEO...
Lloyd’s Selects 11 Insurtechs to Support Its Future-at-Lloyd’s Project
Aug 1 2019 // Lloyd’s welcomed 11 new teams of insurtech disruptors to join the re/insurance market’s innovation accelerator. More than 130 applications were received from across the world for the third cohort of the...
Arch Capital to Acquire UK-Based Barbican Group Holdings
Jul 31 2019 // Arch Capital Group Ltd. has entered into an agreement to purchase Barbican Group Holdings Ltd. from funds managed by Carlson Capital, a U.S.-based alternative asset management firm, subject to regulatory approval. The...
Sompo Global Risk, VGM Insurance to Offer Golf Course, Country Club Coverage
Jul 30 2019 // Bermuda-based specialty insurance provider Sompo International Holdings Ltd. subsidiary Sompo Global Risk Solutions (GRS) has entered into a strategic partnership with VGM Insurance & Financial Solutions (VGM) to offer...
Sparks, Sonderman to Lead Alabama-Based Cobbs Allen Specialty Insurance Brokerage
Jul 26 2019 // Cobbs Allen has hired industry veterans Paul Sparks and Darren Sonderman to lead its new specialty insurance brokerage. Sparks and Sonderman each bring more than 25 years of experience from founding and leading the...
