Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Ryan Specialty Group Reaches Agreement to Acquire Boston Insurance Specialists
Jan 25 2019 // Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Boston Insurance Specialists Inc. (BIS), an independently owned wholesale insurance brokerage with offices in Mansfield...
Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap
Jan 24 2019 // The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the flood insurance market...
Travelers Grew Q4 Profit Despite California Wildfire, Hurricane Michael Losses
Jan 22 2019 // Travelers Cos. reported that despite catastrophe losses from the California wildfires and Hurricane Michael, it boosted its profit in the fourth quarter of 2018 thanks to growth in premiums and investment income. Net...
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Jan 21 2019 // John Doyle, president and CEO of global insurance broker Marsh, announced the appointments of key leaders for regional, specialty and placement teams worldwide that will be effective upon closing of the acquisition by...
Texas Surplus Lines Industry Had a Record-Setting Year in 2018
Jan 21 2019 // The Surplus Lines Stamping Office of Texas (SLTX) reported that the state recorded $6.08 billion in excess and surplus insurance premium for 2018, representing an 11.4 percent growth over 2017. The numbers represent...
HDI Global Taps McDonald from Allianz as UK and Ireland Managing Director
Jan 16 2019 // HDI Global SE (HDI) has appointed Claire McDonald as managing director of its UK and Ireland operations. She will assume the role on March 18, 2019. McDonald will join the company from Allianz Global & Corporate...
Marsh Places 10,000-Plus Risks During 2018 via London’s Placing Platform (PPL)
Jan 14 2019 // Marsh announced it placed more than 10,000 risks in 2018 through Placing Platform Ltd. (PPL), the electronic insurance placement platform used by Lloyd’s, London market insurers, and brokers. Marsh has now bound more...
Suit Says Lloyd’s “Steered” Hawaii Homeowners, Many Were Left with Lava Exclusions
Jan 11 2019 // A federal class action lawsuit alleges that Lloyd’s of London and its affiliated insurance brokers “steered” Hawaiian homeowners throughout the state away from comprehensive home insurance coverage...
Grose Named Interim Leader of Argo Group’s Colony Specialty Business
Jan 10 2019 // San Antonio-based Argo Group U.S., member of Argo Group International Holdings Ltd., has tapped Gary Grose, Argo Group head of marketing and producer management, to serve as the interim head of its excess and surplus lines...
Newly-Privatized AmTrust Announces Leadership Changes
Jan 9 2019 // AmTrust Financial Services announced leadership changes as it moves forward now as a private company. Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals, according to the...
AXA XL Appoints Dicob to Excess Casualty Insurance Team in New York
Jan 9 2019 // AXA XL has appointed Andrew Dicob to its Excess Casualty Insurance team as leader for the U.S. Northeastern region. Based in New York and reporting to Donnacha Smyth, president of Global Excess Casualty, Dicob will work...
Brit Makes ‘Significant’ Investment in Toronto-Based MGU Sutton Special Risk
Jan 8 2019 // Brit Ltd., the London-based specialty insurer and reinsurer, announced it has made a significant strategic investment in Sutton Special Risk Inc. Financial details of the deal were not released. Toronto-based Sutton is a...
SLTX: Texas’ Excess, Surplus Insurance Premium Grew 11.4% Last Year
Jan 7 2019 // The Surplus Lines Stamping Office of Texas (SLTX) reported that the state recorded $6.08 billion in excess and surplus insurance premium for 2018, representing an 11.4 percent growth over 2017. Certain coverages have...
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Jan 7 2019 // Insurance broker Willis Towers Watson has appointed Bill Creedon as Construction Industry leader for North America within its Corporate Risk and Broking segment. Creedon, a 30-year insurance and construction risk industry...
2019 Insurance Industry Meetings & Conventions Directory
Jan 7 2019 // 2019 CIWA Industry Days Jan 6-8 Hilton La Jolla Torrey Pines La Jolla, CA CIWA www.ciwa.net 2019 Big ‘I’ Winter Meeting Jan 9-12 Hyatt Regency St. Louis at the Arch St. Louis, MO Independent Insurance Agents...
Aspen Insurance Bermuda Names Key Excess Casualty, FINPRO Appointments
Jan 4 2019 // Aspen Insurance announced two key appointments to its Bermuda insurance team. Saadia Savory joined Aspen insurance in December as vice president, Excess Casualty, Bermuda. She will lead the Bermuda Casualty team and...
New Ohio Laws Address Insurer Cybersecurity, Surplus Lines, More
Jan 2 2019 // New laws in Ohio will benefit Ohio consumers while further strengthening Ohio’s robust insurance market, according to Ohio Department of Insurance Director Jillian Froment. Among the changes made by Ohio’s...
Texas Surplus Lines Industry Sees Rule Changes at Year’s End
Dec 31 2018 // New rules for the Texas surplus lines insurance industry are coming into effect at the end of 2018 and beginning of 2019. According to the Surplus Lines Stamping Office of Texas (SLTX), one of the most pressing changes...
P/C Insurer Trade Groups AIA and PCI Agree on Merger, New Name Starting Jan. 1
Dec 27 2018 // Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes effect Jan. 1, 2019. The combined organization is set to have a new name, the...
Lloyd’s Underwriters Agree to Settle Charges Related to NRA-Branded Insurance
Dec 21 2018 // In a December 20 consent order, 10 Lloyd’s of London underwriters have entered into an agreement to pay $5 million to the New York State Department of Financial Services (DFS) for underwriting fire arms liability...
