Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
People
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...
Judge Again Rules Against $200M Raid on Pennsylvania Insurance Surplus
Dec 21 2018 // A federal judge is again ruling against Pennsylvania legislation that would take at least $200 million from a state-chartered medical malpractice insurer of last resort. U.S. District Judge Christopher Conner said the...
Post-Merger, Marsh-JLT Specialty Leaders Announced for UK & Ireland
Dec 20 2018 // Global insurance broker Marsh announced the appointments of specialty leaders for the UK & Ireland. These appointments will be effective upon closing of the transaction between Marsh’s parent company, Marsh &...
Rottiers Appointed as CEO of Lloyd’s Brussels
Dec 20 2018 // Sonja Rottiers has been appointed as the chief executive officer of Lloyd’s Brussels. She will also be Lloyd’s regional director for Europe, Middle East and Africa, and will take up her position in...
Marsh Makes Post-JLT Merger Leadership Appointments
Dec 19 2018 // Global insurance broker Marsh announced the appointments of key leaders for its regional, specialty and placement teams worldwide that will be effective upon closing of the pending acquisition by Marsh’s parent...
People
Dec 17 2018 // Reliance Partners, which specializes in commercial insurance, added Brandon Richards as chief sales officer and opened a new office in Austin, Texas. Richards is a veteran insurance professional with more than 17 years in...
People
Dec 17 2018 // Frenkel & Company – an EPIC Company has hired risk management and insurance professional Michael Power as a principal. Power will be based in Frenkel’s New York, N.Y., office and report to Phil Remig, the...
Covering Cannabis in California
Dec 17 2018 // Most of the action on insuring legal cannabis in California is in the surplus lines marketplace. The legalization of cannabis in California created many opportunities for insurers to get in on the ground floor in covering...
Stamping Fee to Decrease on Illinois Surplus Line Policies Effective Jan. 1
Dec 17 2018 // The stamping fee for surplus line policies written in Illinois with an effective date on or after Jan. 1, 2019, will drop to 0.075 percent (premium X 0.00075), rounded to the nearest whole dollar, the Surplus Line...
People
Dec 17 2018 // NAS Insurance Services LLC has expanded its senior management team with several new appointments, including naming Marcus D’Anna chief financial officer. D’Anna’s appointment as CFO comes after five years...
Special Report: The Industry Industry Gives Back
Dec 14 2018 // Safety National Safety National proudly supports Variety the Children’s Charity of St. Louis, an organization that has been helping children with physical and developmental disabilities for more than 80 years. In...
