Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Ryan Specialty Completes Acquisition of Atlantic Specialty
Jun 3 2019 // Ryan Specialty Group has acquired the assets and operations of Atlantic Specialty Lines Inc. Terms of the transaction were not disclosed. The ASL team is now a part of R-T Specialty, the wholesale brokerage unit of Ryan...
Monarch E&S in California Names McLeod Vice President
Jun 3 2019 // Burbank, Calif.-based Monarch E&S Insurance Services has added Stefanie Mcleod to its management team as vice president and personal lines department manager. Mcleod will be working out of the Burbank office. She...
Cyber MGU At-Bay Launches Excess Policy for High Revenue Clients
May 29 2019 // Cyber insurance MGU At-Bay has launched an excess cyber insurance policy for clients with up to $5 billion in annual revenue, with available limits up to $10 million. At-Bay developed this product to fulfill broker demand...
Appalachian Underwriters Hires 3 to its Commercial Specialty Division
May 29 2019 // Appalachian Underwriters, Inc. has hired three new underwriters to its Commercial Specialty division. April Cook comes to AUI with background in the underwriting industry, starting as a property and casualty renewal...
Texas Surplus Lines Brokers Can Now Input Policy Limit Info Into EFS
May 28 2019 // Agents and brokers can now input policy limit information directly into the Surplus Line Stamping Office of Texas’ (SLTX’s) Electronic Filing System (EFS). A new field has been added to the system to allow...
Surplus Lines Insurance Bills Sent to Texas Governor
May 23 2019 // Two pieces of legislation impacting the surplus lines insurance industry in Texas have been passed by state lawmakers and are headed to the governor’s desk, the Surplus Lines Stamping Office of Texas (SLTX)...
Liberty Mutual Reinsurance Launches Operation Using Lloyd’s Mexico Platform
May 23 2019 // Liberty Mutual Reinsurance the reinsurance arm of Liberty Specialty Markets, announced it has launched a reinsurance operation under Lloyd’s registration in Mexico to serve clients in Mexico and Central America. The...
Armour Group Appoints Parry from Lloyd’s as Group Chief Financial Officer
May 22 2019 // Bermuda-based Armour Group Ltd. announced the appointment of John Parry as group chief financial officer. Parry will assume his new position in June and report directly to the group executive committee. A seasoned senior...
Brinson, Myers, Milvo Named to Texas Surplus Lines Office Board
May 22 2019 // Teri Brinson, Randy Myers and Leslie Milvo have been named to the Surplus Lines Stamping Office of Texas (SLTX) board of directors, with three-year terms set to run through Dec. 31, 2021. Brinson is vice president at LP...
Liberty Specialty Markets Taps Kunzer to Lead New Trade Credit Product Line
May 21 2019 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, appointed Paul Kunzer to the role of head of Trade Credit Multi-Buyer and Excess of Loss (XOL). Based in Chicago, Kunzer will lead the development of...
Monarch E&S Insurance Services in California Names Romano Vice President
May 21 2019 // Burbank, Calif.-based Monarch E&S Insurance Services hired Matt Romano as vice president to launch the firm’s flood practice. Romano for the last seven years has worked both as a retailer and wholesaler...
HDI Global Specialty Taps Jackson from Neon as Head of Aviation and Space
May 20 2019 // HDI Global Specialty SE, the specialty lines insurer, has recruited Martin Jackson as head of aviation and space. Jackson joins the London office on May 20 from Neon, where he was class underwriter, marine and transport....
People
May 20 2019 // National Allianz Global Corporate & Specialty (AGCS) announced that Baptiste Ossena, global product leader of Hull and Marine Liabilities (HML), is assuming additional responsibility as the North American regional head...
Hartford to Close on $2.1 Billion Acquisition of Navigators on May 23
May 16 2019 // The Hartford said it has received all regulatory approvals needed to complete its acquisition of specialty insurer Navigators Group on May 23. “This acquisition is a significant milestone for our company and...
Outlooks Revised to Stable for Illinois’ Specialty Risk of America
May 16 2019 // AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Specialty Risk of America (SPRISKA) in...
K2 Insurance Services Recapitalizes with Lee Equity; Will Spin Off Aegis Security
May 14 2019 // San Diego-based K2 Insurance Services, a specialty insurance services holding company, has found a new equity partner. Lee Equity Partners, a middle market private equity firm, has agreed to acquire a majority ownership...
Lloyd’s Insurers Surpass Target for Electronic Risk Placements: Report
May 14 2019 // Insurers in the Lloyd’s of London market have switched 45% of their business to an electronic platform, ahead of target, the platform said on Monday. The insurance industry has been slower to move to electronic...
Everest Insurance Adds Suarez, Rimbey to E&S Casualty Team in Chicago
May 13 2019 // Everest Insurance has added Joanne Suarez and Mary Rimbey to its excess and surplus (E&S) casualty group based in the company’s Chicago office. Suarez joined the E&S Excess Casualty group as a director...
Guy Carpenter Announces Series of International Analytics, Advisory Appointments
May 13 2019 // Guy Carpenter & Co., the reinsurance broking subsidiary of Marsh & McLennan Cos., announced a series of London-based hires designed to further build out the firm’s strategic advisory and analytics...
Florida Passes ‘Catch All’ Insurance Bill Impacting Surplus Lines, Catastrophe Fund
May 13 2019 // A Florida bill that the insurance industry says will help modernize the state’s surplus lines system, as well as impact property insurer contracts under the Florida Hurricane Catastrophe Fund and reduce “bad...
