Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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....
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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...
Lloyd’s Commissions Culture Survey to Help Raise Standards of Behavior
May 13 2019 // Lloyd’s of London has commissioned an independent culture survey following a Bloomberg Businessweek article that uncovered evidence of sexual misconduct in the world’s oldest insurance market. The survey is...
Venture Insurance Programs Partners with Allianz on Golf, Country Club Accounts
May 10 2019 // Venture Insurance Programs, a national insurance program administrator, has formed a new carrier partnership with Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS) for the...
CNA Hardy Enhances Cyber Proposition for UK Clients
May 9 2019 // CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, announced significant enhancements to its cyber proposition with a new pre-breach service and additional...
Liberty Mutual Q1 Saw Better Underwriting Results, Strong Specialty Insurance
May 9 2019 // Liberty Mutual Holding Co. Inc. and its subsidiaries reported net income of $671 million for the three months ended March 31, 2019, an increase of $23 million or 3.5% over the same period in 2018. Consolidated net income...
Lloyd’s Invests in AI Startup Offering Liability Insurance Platform for Small Businesses
May 9 2019 // Lloyd’s announced it is investing in Layr, a cloud-based commercial insurance platform for small businesses looking to purchase liability insurance. The investment follows Layr’s successful trial in the...
Ohio’s International Excess Taps Brown-Hurtado to Lead Cannabis Division
May 9 2019 // Beachwood, Ohio-based insurance program manager, International Excess, has appointed Kathleen Brown-Hurtado vice president of Specialty Programs. She will be spearheading the company’s Cannabis Insurance...
Ryan Specialty Group to Acquire Wholesaler Atlantic Specialty Lines
May 8 2019 // Ryan Specialty Group has agreed to acquire the assets and operations of Atlantic Specialty Lines, Inc. (ASL), a privately-owned wholesale insurance brokerage headquartered in Richmond, Virginia, with additional locations...
Ryan Specialty Group and Nationwide Form Bermuda Reinsurer, Geneva Re
May 7 2019 // Ryan Specialty Group (RSG) and Nationwide announced they have formed a new Bermuda reinsurance company, Geneva Re Ltd. Columbus, Ohio-headquartered Nationwide will own 50 percent of the venture with RSG and RSG-related...
Explosion at Illinois Plant Leaves 2 Confirmed Dead, 4 Injured, 2 Missing
May 6 2019 // An explosion and fire at an Illinois silicone factory claimed a second victim Saturday when an employee taken to a hospital after the blast died, a local coroner confirmed, and the official death toll is expected to rise...
