Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
MGAguard to Offer Specialty Insurance Products Via Technology Platform
Jul 25 2019 // MGAguard, a new technology-enabled platform funded by Cerberus Capital Management, L.P. and its affiliates and funds managed by TCW Asset Management Co., has launched with a focus on offering specialty insurance...
HDI Global Specialty Buys Specialist Swedish MGA, Svedea AB
Jul 25 2019 // HDI Global Specialty SE has strengthened its position in Sweden with the acquisition of alternative specialty lines managing general agent, Svedea AB. Svedea is one of the three largest insurers of yachts, motorcycles and...
Ryan Specialty Group Opens Barcelona Office, Focusing on Transactional Risk Business
Jul 22 2019 // Ryan Specialty Group announced it will open an office in Barcelona as the next step in the evolution of the company’s transactional risk business, expanding both geographically and by product offering. This office...
Method Insurance Brings Specialty Workers’ Comp Program to Illinois
Jul 22 2019 // Method Insurance Service is expanding and offering its specialty workers’ compensation program for underserved high-hazard, debit mod, mid-market risks in Illinois. Method is a program administrator for Service...
Specialty Insurer ProSight Hopes to Raise $140 Million with IPO
Jul 18 2019 // ProSight Global Inc. announced its IPO terms, which include expectations of raising at least $140 million. The specialty insurer said the company’s initial public offering would involve more than 8.8 million shares...
Texas Surplus Lines Premium Up 13% Over Last Year
Jul 16 2019 // Surplus lines premium in Texas has increased to $3.48 billion at the 2019 mid-year point, up 13.4% over 2018’s mid-year total of $3.06 billion, according to data reported to the Surplus Lines Stamping Office of Texas...
Future at Lloyd’s Consultation Period Ends – Now the Hard Work Begins
Jul 12 2019 // When the 10-week consultation period for “The Future at Lloyd’s” project ended this week, Lloyd’s confirmed that participation was widespread, with more than 4000 suggestions and comments received...
Brit Global Specialty USA Adds Swiss Re’s Zillgitt, Redstone’s Magee
Jul 12 2019 // Brit Global Specialty USA has named Garick Zillgitt as vice president, Primary General Liability, and Justin Magee as vice president, Excess Casualty. Zillgitt and Magee will both be based in California in Walnut Creek and...
AM Best Affirms Credit Ratings of Lloyd’s
Jul 11 2019 // AM Besthas affirmed the Financial Strength Rating of “A” (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of Lloyd’s (United Kingdom), Lloyd’s China and Lloyd’s...
LP Risk Acquires Wholesale Insurance Broker, Houston Surplus Lines
Jul 10 2019 // Texas-based managing general agency and surplus lines broker, LP Risk, has acquired the assets and operations of Houston Surplus Lines, an independently owned wholesale insurance brokerage. Houston Surplus Lines team will...
Pushing and Pulling Lloyd’s Into the 21st Century
Jul 10 2019 // Twenty-five years ago, the Lloyd’s of London marketplace was teetering on the brink of insolvency, reeling from billions of dollars of asbestos and pollution liabilities. Many of the best brains in the market worked...
