Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Starr Appoints Capitano to Lead Primary General Casualty-Risk Management
Apr 8 2019 // Starr Insurance Companies has named Carmella Capitano, senior vice president, as head of primary general casualty-risk management and excess casualty. In this new role, Capitano will lead a team serving organizations with...
UK Specialty MGA Nexus Buys an MGA and a Broker – All in One Day
Apr 3 2019 // UK specialty managing general agent (MGA) Nexus Group lived up to its description as an “acquisitive insurance intermediary holding company,” with the purchase this week of an MGA and an insurance broker. On...
Marsh & McLennan Completes $5.6 Billion Acquisition of Jardine Lloyd Thompson
Apr 1 2019 // Marsh & McLennan Cos. (MMC) completed its $5.6 billion acquisition of Jardine Lloyd Thompson Group plc (JLT). “Today marks the beginning of a new era with Marsh & McLennan and JLT coming together. This is a...
People
Apr 1 2019 // National Ironshore Specialty Casualty has appointed Casey Hartley as senior vice president and head of programs. She will oversee the development, marketing and distribution of programs lines, working with programs...
Lloyd’s Issues Action Plan to End Sexual Harassment in Workplace Amid Recent Reports
Apr 1 2019 // In the era of #MeToo when the ills of sexual harassment are regularly in the news, a recent article published by Bloomberg Businessweek indicates that some men working in the London insurance market still haven’t...
Today’s Hot Markets
Apr 1 2019 // Telemedicine, Breweries, Intellectual property, Nurseries and Cottage foods Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. Here are five industry sectors and...
Surplus Lines Windstorm/Hail Bills Move Forward in Texas Legislature
Mar 29 2019 // Legislation clarifying that eligible surplus lines insurers can provide windstorm and hail insurance, despite available coverage from the Texas Windstorm Insurance Association (TWIA), has moved forward in the Texas...
Lloyd’s Chief Risk Officer Weaver Leaving Market After 16 Years
Mar 29 2019 // Lloyd’s of London announced that Hilary Weaver, the corporation’s chief risk officer, is leaving at the end of March 2019 after 16 years. Weaver joined Lloyd’s in 2004 as head of Internal Audit and became...
HDI Global Specialty to Launch Australia General Aviation Team, Led by QBE’s Bowes
Mar 28 2019 // HDI Global Specialty SE – Australia, the new specialty lines insurer, has recruited Jamie Bowes as head of Aviation as a first step to developing a general aviation footprint in the Asia Pacific markets. Bowes, a...
Neon Leads New London Political Risks Consortium, Offering $100M Limit Per Policy
Mar 28 2019 // Specialist Lloyd’s insurer Neon announced it will lead a newly established London Political Risks Insurance Consortium, with MS Amlin becoming a joint agreement party. Spearheaded by Neon’s recently promoted...
Florida’s Citizens: $200M Reinsurance Buy Needed to Protect Personal Lines Surplus
Mar 28 2019 // Citizens Property Insurance Corp. plans to purchase approximately $200 million in traditional reinsurance coverage for the 2019 hurricane season to protect its Personal Lines Account (PLA) surplus it says is exposed to...
Natural Disasters Drive £1 Billion (US$1.3 Billion) Loss at Lloyd’s During 2018
Mar 27 2019 // Lloyd’s of London reported a £1 billion (US$ 1.3 billion) loss for 2018, attributed to an above-average number of major natural catastrophes such Hurricanes Florence and Michael, Typhoon Jebi in Japan, as well as...
Lloyd’s Will Name and Shame Sexual Harassers It Bans from Market: CEO
Mar 27 2019 // Lloyd’s of London will publicly name and shame anyone it bans from its insurance market for sexual harassment, according to Chief Executive Officer John Neal. “When we do see instances of bad behavior, and...
Hamilton Hires Barrett, Garber to Fill New Leadership Slots; O’Donohoe to Depart
Mar 27 2019 // Hamilton Insurance Group, moving full-speed ahead with its growth strategy, is hiring two executives in newly-created roles, and a third leader is leaving the company. The Bermuda-based insurance and reinsurance holding...
Lloyd’s Forms Plan for Safe, Inclusive Working Environment After Harassment Reports
Mar 26 2019 // Lloyd’s announced “a robust plan of action to address reports of sexual harassment in the Lloyd’s market and create a safe and inclusive working environment.” The plan includes possible lifetime...
Lloyd’s to Include Women on Governance Committee After Harassment Reports: Times
Mar 25 2019 // Lloyd’s of London plans to appoint women to its all-male nominations and governance committee to improve diversity and will convert the pub beneath its offices into a coffee shop in an attempt to phase out its...
Lloyd’s Comments on Reports of Rampant Sexual Harassment in the Marketplace
Mar 22 2019 // In the era of #MeToo when the ills of sexual harassment are regularly in the news, a recent article published by Bloomberg Businessweek indicates that some men working in the London insurance market still haven’t...
AmWINS Announces New Hires, Promotions Across Country
Mar 21 2019 // Wholesale specialty insurance broker AmWINS Group Inc. has announced new hires and promotions to its Specialty Logistics and AmWINS Access Personal Lines and Commercial teams, as well as several new branch leaders. Herman...
SCOR Global P/C Makes Appointments to Reinsurance, Specialty Insurance Teams
Mar 21 2019 // SCOR Global P&C announced the following reinsurance appointments, effective April 1, 2019: Michel Blanc has been promoted to CEO of Reinsurance, following Jean-Paul Conoscente’s appointment as CEO of SCOR Global...
Surplus Line Association of California Formally Elects 2019 Board
Mar 19 2019 // The members of the Surplus Line Association of California have reelected Robert Gilbert of Markel West Insurance Services as chair of the SLA board of directors. Gilbert’s election was finalized after the SLA tallied...
