Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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)...
Did Big Data Enable Lloyd’s to Predict France’s World Cup Win? Well, Maybe…
Jul 16 2018 // Ahead of the recent World Cup in Russia, Lloyd’s of London predicted that France would be victorious. And victorious they were – with a 4-2 win against Croatia on Sunday. Interestingly, Lloyd’s also predicted...
U.S. Sanctions Likely to Ban Use of Lloyd’s IT Platform for Processing Iran Insurance
Jul 16 2018 // New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European insurers, reinsurers,...
A.M. Best Downgrades Ratings of Pacific Specialty Insurance Group in California
Jul 12 2018 // A.M. Best has downgraded the Financial Strength Ratings to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” from “a” of Pacific Specialty Insurance Co. and Pacific...
Ascot Brings On Navigators’ Piazza to Head New U.S. Marine Insurance Team
Jul 12 2018 // Specialty insurance underwriter Ascot Group has appointed a new U.S. marine insurance team led by Chris Piazza as executive vice president and head of U.S. Marine Insurance. Piazza will lead all aspects of Ascot’s...
Markel to Welcome Chubb’s Cox as Insurance Operations President, COO; Promotes Kiscaden, Sanders
Jul 11 2018 // Specialty insurer Markel Corp. has announced executive leadership changes for its insurance operations. Robert Cox will join Markel in the newly created position of president and chief operating officer, Insurance...
Swiss Re Corporate Solutions Names Link to Head E&S Casualty for North America
Jul 11 2018 // Swiss Re Corporate Solutions has named Diane Link as head of Excess and Surplus (E&S) Casualty for North America. Link will oversee North American E&S casualty business. Based in Chicago, Link succeeds Mike Kwan,...
Lloyd’s Launches Digital Distribution Platform Called ‘Lloyd’s Bridge’
Jul 11 2018 // Lloyd’s, the specialist insurance and reinsurance market, has launched a digital distribution platform – Lloyd’s Bridge – designed to quickly, easily and efficiently connect insurance businesses and...
AF Group Drives into Commercial Auto with Fundamental Underwriters
Jul 11 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...
Surplus Lines Bill Among Laws Vetoed by R.I. Governor As She Clears Desk
Jul 10 2018 // Among the three laws vetoed by Rhode Island Governor Gina Raimondo as she cleared her desk of all pending legislation last week was a bill relating to surplus lines insurance. The bill – 2018 – H 7909...
Lloyd’s Broker Endeavour Appoints Allen from Howden as CEO Designate
Jul 10 2018 // Lloyd’s broker and delegated authority specialist Endeavour Insurance Services announced that Karen Allen is to be appointed CEO designate of Endeavour, and will join the business in October 2018. Allen has spent her...
UK Insurance Sector Launches ‘Inclusive Behaviours Pledge’ to Build Diversity
Jul 5 2018 // Insurers, industry bodies and brokers, together with other organizations across the insurance sector, have joined forces to launch a new industry-wide pledge, designed to change behaviors and create a more inclusive work...
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...
