Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
TMK Launches $100M Intellectual Property Facility with Aon, Lloyd’s Syndicates
Jul 3 2018 // Tokio Marine Kiln (TMK) has established a US$100 million intellectual property (IP) facility with global insurance broker Aon and several other Lloyd’s syndicates. The facility will be led by TMK and is one of the...
Kemper Completes Acquisition of Specialty Auto Insurer Infinity P&C
Jul 2 2018 // Chicago-based insurer Kemper Corp. has closed on its $1.6 billion acquisition of Birmingham-based nonstandard auto insurer Infinity Property and Casualty Corp. The stock portion of the cash and stock deal announced in...
Navigators Promotes Savarese, Vaughan in Specialty Primary Casualty Unit
Jul 2 2018 // Navigators Insurance Co. has promoted Joe Savarese to president, U.S. Specialty Primary Casualty. He will be responsible for driving the strategy and development of the specialty primary casualty product portfolio across...
4th Dive-In Diversity & Inclusion Festival to Be Held Sept. 25-27 in 50-Plus Cities
Jul 2 2018 // The fourth Dive In Festival for diversity and inclusion (D&I) in insurance will reach more cities than ever in 2018, marking outstanding growth since its inception in 2015. Events this year will be spread across three...
People
Jul 2 2018 // The Hanover Insurance Group Inc. has appointed Frank M. Baron as president of Alternative Markets, a newly formed business unit within the company’s domestic specialty group. In this role, Baron will lead the...
Lloyd’s Index Shows $92B at Risk in North American Cities Each Year
Jul 2 2018 // Cities in the U.S. and Canada stand to lose $92.96 billion per year to risks like market crash, cyber attack and flood, an index from Lloyd’s shows. Lloyd’s newly issued City Risk Index, which produces...
People
Jul 2 2018 // H.W. Kaufman Group, headquartered in Farmington Hills, Michigan, added Christine M. Tricoli to its executive team as vice president, Human Resources. Based in the company’s Michigan headquarters, Tricoli assumes...
XL Catlin’s Eells Joins Validus Specialty as Chief Operating Officer
Jun 29 2018 // Validus Specialty Underwriting Services announced the appointment of Bob Eells as senior vice president and chief operating officer of Validus Specialty, Western World and Crop Risk Services. Leading operations and...
Lloyd’s CEO Beale to Exit Next Year
Jun 29 2018 // Lloyd’s of London today announced that Chief Executive Officer Inga Beale will step down next year after leading the global insurance and reinsurance market for five years. An exact departure date has not yet been...
REIN, Liberty Specialty Markets Launch On-Demand Drone Coverage
Jun 29 2018 // REIN, an insurtech company providing insurance for risks posed by robotics, mobility and online ecosystems, has launched its first digital portal, DroneInsurance.com, offering drone insurance for commercial drone...
What’s Ahead for Reinsurance Industry in 2018: Fitch
Jun 27 2018 // The global reinsurance industry demonstrated resiliency following the record level of catastrophe losses in 2017, as very strong capitalization and effective risk management enabled the sector to absorb the multiple hits...
Modernization, Underwriting Systems & Brexit Top COO Priorities: Lloyd’s Market Assn.
Jun 25 2018 // Market modernization, underwriting systems upgrades and Brexit preparations are the top three 2018 priorities of Lloyd’s market chief operating officers (COOs), a survey commissioned by the Lloyd’s Market...
XL Catlin Launches Specialty Aviation Insurance in Mexico
Jun 22 2018 // XL Catlin announced the launch of specialty aviation insurance in Mexico. The new product suite will initially focus on general aviation hull and liability risks. With an established presence in Latin America and aviation...
Amwins’ Davies Tapped to Lead New Property Underwriting Facility for Ryan Specialty Group
Jun 20 2018 // Chicago-based Ryan Specialty Group LLC (RSG) has named Katie Davies as president and CEO of a new, yet-to-be-named property catastrophe managing underwriting facility that will be exclusive to RT Specialty. Company...
Two P/C Insurance Trade Groups — AIA and PCI — Plan to Merge
Jun 20 2018 // Two leading U.S. property/casualty insurance carrier trade groups are talking about merging. The American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) said their respective...
3 Reasons Your Clients Need to Buy Personal Umbrella
Jun 18 2018 // There are at least three reasons for an individual to buy a personal umbrella policy. To begin with, the primary policies otherwise available generally do not provide liability limits commensurate with the exposure such...
People
Jun 18 2018 // EPIC Insurance Brokers and Consultants has added risk management and insurance professionals Rose Nordbrock, Jeff Breskin, Pabla Barros and Jose Fuentes to the firm’s operations in Southern California. Nordbrock...
Liberty Mutual Appoints Waters to National Insurance Specialty Unit
Jun 14 2018 // Liberty Mutual, a Boston, Mass.-headquartered global insurer, has appointed Matt Waters to lead the areas of its National Insurance Specialty unit that provide a full range of primary and excess products to large and...
Malloy Appointed President of Acrisure’s Specialty Division
Jun 13 2018 // Caledonia, Michigan-based retail consulting and insurance brokerage, Acrisure, has appointed industry veteran William Malloy as president of its Specialty Division. Malloy has extensive leadership experience in the...
Lloyd’s Lab Begins Global Search for Insurtech Talent
Jun 13 2018 // Lloyd’s Lab, the global insurance market’s new innovation sandbox, is launching a global search for tech talent to partner with the Lloyd’s market and develop solutions for its unique and rapidly changing...
