Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
RSG Completes Acquisition of Certain Assets of New York’s ARC Specialty Brokerage
Aug 2 2018 // Ryan Specialty Group LLC (RSG) has completed its acquisition of certain assets of ARC Specialty Brokerage LLC, the property and casualty division of ARC Excess & Surplus LLC, a wholesale insurance brokerage based in...
Beazley Launches Consortium at Lloyd’s for Wage & Hour Risks
Aug 1 2018 // Beazley has launched a new consortium at Lloyd’s to bring increased capacity for wage & hour risks, expanding the choices available to U.S. organizations. Building on Beazley’s experience in employment...
Lloyd’s Conducts Business Review in Wake of 2017’s $2.6 Billion Loss: Sources
Jul 31 2018 // Lloyd’s of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and responsive to both clients and members, especially after Britain leaves the EU,...
RSG to Acquire Certain Assets of New York’s ARC Specialty Brokerage
Jul 30 2018 // Ryan Specialty Group LLC (RSG) and ARC Excess & Surplus LLC (ARC) have entered into a definitive agreement in which RSG will acquire certain assets of ARC Specialty Brokerage LLC, the P&C Division of ARC, a...
Aspen MGA, Tower Hill Specialty Partner on Property Programs in Texas
Jul 26 2018 // Aspen Managing General Agency, a division of Atlanta-based Allstar Financial Group, has partnered with Tower Hill Specialty (THS) to offer property insurance programs in Texas. Tower Hill Specialty offers a range of...
Texas Strikes ReliaMax From Eligible Surplus Lines List
Jul 26 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...
Texas Sees 10.6% Growth in Surplus Lines Premium at Mid-Year
Jul 25 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 has increased to $3.06 billion, as...
M&A Deals Likely to Become More Challenging as Sellers Seek High Deal Values
Jul 24 2018 // The current operating environment continues to prompt mergers & acquisitions (M&A) among insurers and reinsurers. However, the number of potential M&A candidates has declined and sellers’ expectations of...
UK Faces ‘Abject Future’ After Brexit, Warns Former Lloyd’s Chairman
Jul 24 2018 // The U.K. is facing a grim future after Brexit because of the failure of the its politicians to govern responsibly, the former chairman of insurance market Lloyd’s of London wrote in a letter to the Financial...
Texas Stamping Office: National E&S Insurance Premium Up 9.4% at Mid-Year
Jul 23 2018 // Excess and surplus lines (E&S) insurance premium recorded by the 15 managing service offices in the United States increased 9.4 percent as of the 2018 mid-year point, the Surplus Lines Stamping Office of Texas (SLTX)...
