Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Everest Insurance Taps Chubb’s Koppang to Lead E&S Casualty Unit
Jun 12 2018 // Everest Re Group Ltd. has added Eric Koppang to the Everest Insurance Specialty Casualty team within the E&S Casualty unit. Based in Chicago, Koppang joins Everest as vice president and head of E&S...
Lloyd’s Uses Insurable Value Data to Predict France Will Win 2018 World Cup
Jun 12 2018 // Lloyd’s World Cup Group Infographic Analyzing the collective insurable value of soccer players, Lloyd’s of London* predicts that France will be the winner of the 2018 World Cup, which will be held in Russia...
Navigators Completes Acquisition of Belgian Specialty Insurer for €35M ($41.3M)
Jun 12 2018 // The Navigators Group Inc. has completed the acquisition of Bracht, Deckers & Mackelbert NV (BDM), a specialty underwriting agency, and its affiliated insurance company, Assurances Continentales – Continentale...
Markel Gets License to Underwrite Reinsurance on Lloyd’s India Platform
Jun 12 2018 // Markel International, the specialist insurer, has been granted a license by the Insurance Regulatory and Development Authority of India to write reinsurance business in the country. Capacity will be provided by...
A.M. Best Assigns Credit Ratings to Delaware’s Auto-Owners Specialty Insurance
Jun 11 2018 // A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Auto-Owners Specialty Insurance Company (AOSIC) of Dover, Del. The outlook assigned to these ratings is...
Integro Completes Acquisition of UK-Based Lloyd’s Broker Tysers
Jun 11 2018 // Integro Insurance Brokers, the New York-based insurance brokerage and specialty risk management firm, has completed its acquisition of Hawkes Bay Holdings Ltd. (HBH), the privately owned principal parent company of Tyser...
Breckenridge Insurance Services Hires Commercial Insurance Cyber Specialty Broker Ashley Holtz
Jun 8 2018 // Ashley Holtz Atlanta, GA, June 8, 2018 — Breckenridge Insurance Services is pleased to announce Ashley Holtz has joined the wholesale brokerage team as assistant vice president and broker. Holtz brings additional cyber...
Pennsylvania’s Ascinsure Specialty Risk Hires Urbanski
Jun 6 2018 // Ascinsure Specialty Risk LLC has hired Josie Urbanski as a business development manager. Ascinsure is a Pittsburgh, Penn.-headquartered, all-lines program underwriting manager specializing in the crane, scaffolding and...
Lloyd’s Index Shows $92B at Risk in North American Cities Each Year
Jun 6 2018 // Powered by InsuranceJournal.tv 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 released today shows. Lloyd’s newly...
