Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Insurtech Jumpstart Rolls out Parametric Earthquake Product for Californians
Oct 2 2018 // A firm that wants to make a name for itself as the first parametric insurtech in the U.S. for earthquakes has officially launched in California, over a year after its anticipated original launch date. Jumpstart Insurance...
How New Business Is Creating a New Wholesaler-Retailer Relationship
Oct 2 2018 // An influx of new business is presenting surplus lines wholesalers and their retail partners with new opportunities to work together even as other forces are changing how they work together. The surplus lines insurance...
Everest Insurance Names Presidents of Risk Management Group, Specialty Underwriters
Sep 28 2018 // Everest Insurance announced that Mike Karmilowicz has been promoted to president of Everest Specialty Underwriters and Dave Sandler has been promoted to president of its Risk Management Group. Karmilowicz joined Everest...
Brown & Riding Names Scheider Environmental Specialty Broker in Colorado
Sep 26 2018 // Brown & Riding has added Harrison Scheider as an environmental specialty broker. Scheider works out of Brown & Riding’s Denver, Colo. office. He primarily handles accounts in Colorado, New Mexico, Wyoming,...
AXA XL Names Moniz & Scully to Lead Excess Casualty Teams in Bermuda, Dublin, Respectively
Sep 26 2018 // AXA XL announced two senior promotions within its Excess Casualty Insurance business. Effective immediately Vivienne Moniz and Elaine Scully have been appointed as head of Excess Casualty, Bermuda, and head of Excess...
Starr Insurance Cos. Launch Monoline GL Construction Wrap-Up Coverage
Sep 21 2018 // Starr Insurance Companies has introduced Starr CIP Enterprise, a monoline general liability construction wrap-up insurance policy. The new product is designed for property owners and contractors who need tailored primary...
AIG to Acquire Program Manager Glatfelter Insurance Group
Sep 21 2018 // American International Group has agreed to acquire Glatfelter Insurance Group, a prominent specialty insurance broker and program manager headquartered in York, Pennsylvania. The terms of the transaction were not...
Fidelis Takes Equity Stake, Provides Capacity, for Energy Market MGA, Kersey Specialty
Sep 21 2018 // Fidelis Insurance announced it has taken an equity stake in a new managing general agent, Kersey Specialty Ltd., and will be providing underwriting capacity. London-based Kersey will focus on the upstream energy...
Lloyd’s Returns to Pre-Tax Profits, Reporting £600M ($793.1M) During 1st Half
Sep 21 2018 // Lloyd’s reported a return to profits during the first half, in a welcome recovery after its big losses of 2017. Pre-tax profits during the half were £600 million ($793.1 million), compared to £1.2 billion ($1.6...
XL Catlin Names Snyder Lead Underwriter for Construction Excess Casualty in Southeast
Sep 21 2018 // XL Catlin’s North America Construction insurance business has appointed Ann Marie Snyder, senior underwriter, to lead its Construction Excess Casualty business in its Southeast region. Snyder joined XL Catlin in 2012...
Why Small Mutual P/C Insurers, Insurtechs May Need Each Other: A.M. Best
Sep 19 2018 // Technology-oriented insurance startups and established small mutual property/casualty insurers may find they are better off partnering than competing. Mutual property/casualty insurance companies continue to face...
Lloyd’s Market Association & Lloyd’s Issue Policy Documents in Preparation for Brexit
Sep 19 2018 // A new suite of policy documentation, to support the underwriting of risks from the European Economic Area by Lloyd’s Brussels, has been published. The new documents were prepared by the Lloyd’s Market...
Tower Hill Specialty Expands Homeowners Products into Alabama
Sep 18 2018 // Tower Hill Specialty insurance products for homeowners are now available in Alabama, as the Ohio-based company expands its regional focus in the Southeast. Specializing in personal lines property products, Tower Hill...
New York’s Ethos Specialty Insurance Services Appoints Cline as President, CEO
Sep 18 2018 // Ethos Specialty Insurance Services (Ethos), Ascot Group’s New York-based MGU platform, has appointed Rory Cline as president and CEO. Cline takes the helm from his current role as chief underwriting officer, having...
Berkshire Hathaway Specialty Opens Munich Office; Names Key Underwriters
Sep 18 2018 // Berkshire Hathaway Specialty Insurance (BHSI) has opened a new office in Munich, Germany, the latest advance in BHSI’s expansion of its global footprint. The insurer has named two key underwriters for the office. The...
More Super Regional P/C Carriers Ready to Dive Into Specialty Lines
Sep 17 2018 // There’s Opportunity in Unusual and Emerging Risks, Sullivan Tells Carriers The current economic and business wave presents property/casualty insurance carriers with opportunities to expand or differentiate themselves...
What Is an NRRA Exempt Commercial Purchaser?
Sep 17 2018 // Some larger commercial insurance brokers appear to be uncertain about how the Exempt Commercial Purchaser (ECP) feature of the Nonadmitted and Reinsurance Reform Act of 2010 (NRRA), part of the Dodd Frank Act, effective...
Lloyd’s Modernization Plans Move Full-Steam Ahead
Sep 17 2018 // From Electronic Placing to Artificial Intelligence: Lloyd’s America CEO Earlier this year, this reporter was walking on Lime Street, the home of Lloyd’s of London, dodging raindrops. She observed a broker,...
Managing the Retail Agent’s Risk in Surplus Lines
Sep 17 2018 // While it is common for retail agents to turn to E&S wholesalers for help, there are several reasons they should carefully consider which wholesalerto call upon and how they submit business, according to Bobbie Duke,...
How New Business Is Creating a New Wholesaler-Retailer Relationship
Sep 17 2018 // An influx of new business is presenting surplus lines wholesalers and their retail partners with new opportunities to work together even as other forces are changing how they work together. The surplus lines insurance...
