Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
The Hartford to Acquire Specialty Insurer Navigators in $2.1 Billion Deal
Aug 22 2018 // The Hartford Financial Services Group has agreed to acquire specialty insurer The Navigators Group in a transaction that values Navigators at approximately $2.1 billion. Under the terms of the agreement, Navigators...
Excess and Surplus Coverage From Prime Insurance Company Now Available in California
Aug 20 2018 // Chicago, IL, August 20, 2018 — Prime Insurance Company, a leader in excess and surplus lines insurance, announced today that it has been added to the List of Approved Surplus Line Insurers in California. Prime can now...
People
Aug 20 2018 // Roger Walleck, vice president of Underwriting at Missouri Employers Mutual, has been elected to serve on the national underwriting committee for the workers’ compensation rate making organization, National Council on...
When Small Business Needs Specialty Insurance
Aug 20 2018 // Small business used to be associated with small exposures — simple business risks addressed with simple insurance products. However, changing customer needs and expectations, technology advancements, new regulations...
Getting Personal in Today’s High Net Worth Market: PURE Group
Aug 20 2018 // The personal lines market gets very personal in the high net worth segment, according to one of the market leaders. PURE Group of Insurance Companies’ Chief Claims Officer Michael Taylor says that to excel in this...
New Specialty Offering from HUB Targets Cannabis Producers, Distributors, Retailers
Aug 16 2018 // Global insurance brokerage Hub International Limited (HUB) has formed a comprehensive cannabis insurance and risk services offering under its Agribusiness & Farm Specialty Practice. The new offering is designed to...
On the Side, Express Scripts Eyes Distributing High-Priced Specialty Drugs
Aug 15 2018 // Express Scripts Holding Co. built a multi-billion enterprise pressuring drug companies to lower their prices for U.S. patients. Now it is quietly building a side business: getting paid to help drug companies dispense a new...
StarStone Launches Casualty Consortium for Australia, New Zealand Markets
Aug 15 2018 // StarStone, the global specialty insurer, has launched a casualty consortium targeted at the Australian and New Zealand markets. The consortium is led by StarStone’s Mark Hunt and has begun underwriting...
Tower Hill Specialty Expands Into 5 New States, Adds Carrier
Aug 15 2018 // Tower Hill Specialty, a managing general agency based in Ohio, has begun offering property insurance policies in Georgia, Indiana, Ohio, Texas and Wisconsin. The company, which offers property insurance for homeowners,...
AmWINS Targets Marine Insurance with Creation of 2 Specialty MGAs
Aug 13 2018 // Global insurance wholesale brokerage AmWINS Group has formed two specialty managing general agencies focused on the marine industry, AmWINS Specialty Logistics Underwriters (ASLU) and Sentinel Marine Underwriters...
Aspen’s Restructuring Continues – To Improve Results, Preserve Shareholder Value
Aug 7 2018 // The chief executive of Aspen Insurance Holdings Limited described business changes to Aspen’s Lloyd’s insurance book last week, while neither unequivocally confirming or denying rumors that a deal to sell the...
Nephila Gets In-Principle Approval From Lloyd’s to Form Managing Agency
Aug 7 2018 // Bermuda-based Nephila Capital announced that the Lloyd’s Board (previously called the Franchise Board) has given in principle approval to Nephila’s plan to form its own managing agency, subject to regulatory...
Ironshore Enhances Designers, Contractors PL Coverage
Aug 7 2018 // Ironshore’s Construction Industry group, in conjunction with Ironshore Specialty Casualty, has enhanced its coverage for designers and contractors. The specialty program offers contractors pollution liability on an...
As Underwriting Pain Increases, Insurers Pull Back from Underperforming Lines
Aug 6 2018 // News that Lloyd’s is undergoing a strategic review of its operations may be part of a larger industrywide phenomenon—reality is setting in and underwriting pain is increasing, an industry executive said last...
PowerGuard Specialty Insurance Services Hires Cantafi in Connecticut
Aug 6 2018 // PowerGuard Specialty Insurance Services, a renewable energy program manager based in the U.S., has hired warranty and service agreement specialist Dan Cantafi as the firm’s senior vice president of sales and...
Texas Sees 10.6% Growth in Surplus Lines Premium at Mid-Year
Aug 6 2018 // May 2018 was the highest-grossing month for surplus lines premium in Texas, with $681 million recorded, the Surplus Lines Stamping Office of Texas (SLTX) reported. Total premium in Texas stood at $3.06 billion as of June...
ReliaMax Dropped from Texas’ Eligible Surplus Lines List
Aug 6 2018 // Following its placement into liquidation by the South Dakota Division of Insurance in late June, the Texas Department of Insurance removed ReliaMax Surety Co. from the list of eligible surplus lines insurers in Texas, the...
Surplus Lines Bill Among Laws Vetoed by R.I. Governor As she Cleared Desk
Aug 6 2018 // Among the three laws vetoed by Rhode Island Governor Gina Raimondo as she cleared her desk of all pending legislation in early July was a bill relating to surplus lines insurance. The bill – 2018 – H 7909...
AF Group Drives into Commercial Auto with Fundamental
Aug 6 2018 // Lansing, Michigan-based AF Group is branching out from its traditional base in workers’ compensation into the specialty commercial auto insurance niche, driven by a new operating company, Fundamental...
London Market Group Appoints JLT Specialty’s Lebecq as CEO
Aug 3 2018 // London Market Group (LMG) has appointed of Clare Lebecq as CEO. Lebecq, who will take on the role on a permanent basis, will start on Nov. 1 and replaces Chris Beazley, who will return to MS Amlin as CEO of their Swiss...
