Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Swiss Re to Create Standalone E&S Unit for U.S.
Apr 27 2018 // Swiss Re Corporate Solutions has announced the creation of a standalone excess and surplus (E&S) business unit in North America. This unit will include Swiss Re’s traditional E&S property and E&S casualty...
Lloyd’s Taps L Marks, Boston Consulting to Set Up Innovation Lab
Apr 26 2018 // Lloyd’s of London has chosen innovation specialist L Marks and The Boston Consulting Group (BCG) to support the set-up and operation of the Lloyd’s Lab, a technology center set to launch in the second half of...
Lloyd’s to End Most Paper Trading by End of 2019
Apr 24 2018 // Most business on the Lloyd’s of London insurance market will be negotiated electronically by the end of next year, its chief executive Inga Beale said on Monday. The largest commercial insurance market in the world...
Specialty Program Group Launches New Heights Insurance Solutions in Pennsylvania
Apr 20 2018 // Specialty Program Group LLC (SPG), an insurance holding company for specialty brokerages and underwriting facilities, has launched Eastern Pennsylvania-based New Heights Insurance Solutions (New Heights). New Heights...
Markel Revamps Excess Casualty Leadership Team
Apr 16 2018 // Markel Corp. has reorganized the leadership structure of its excess casualty team, the underwriting unit with teams in the U.S., Bermuda, Dublin and London. Matt Mullen and Colin Shaw, both managing directors, Casualty,...
Surplus Lines: Insurtech and Technological Opportunities, Challenges
Apr 16 2018 // Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection...
The New Small Commercial: Why Carriers Need to Better Serve ‘Small Specialty’
Apr 16 2018 // The evolution of the small businesses is creating a service challenge for independent agents and an opportunity for carriers to provide efficient and effective solutions for their agent partners by expanding their service...
People
Apr 16 2018 // SIAA (Strategic Insurance Agency Alliance) has hired Gretchen Klemm as a contracts compliance manager at its Hampton, N.H., location. In this role, Klemm will manage day-to-day interactions with independent agency members...
USI Southwest Finalizes Truck Insurance Program with Trisura Specialty
Apr 12 2018 // USI Southwest has finalized an exclusive Intermodal Truck Insurance Program with Hybrid US fronting carrier Trisura Specialty. The program will immediately target intermodal transportation companies in Texas with plans to...
Specialty Program Group Acquires Norman-Spencer’s Marine/Crane Business
Apr 12 2018 // Specialty Program Group LLC (SPG), an insurance holding company for specialty brokerages and underwriting facilities, has acquired the assets of Ohio-based Norman-Spencer Agency’s (NSA) crane program, personal lines...
Specialty Insurance Group Launches Online Coverage Portal for Special Events
Apr 11 2018 // Specialty Insurance Group (SIG), a unit of Everest Insurance and a member of the Everest Re Group companies, has released an online portal for brokers and clients to obtain immediate liability coverage for special...
Texas Surplus Lines Stamping Office Adds 3 New Board Members
Apr 9 2018 // The Surplus Lines Stamping Office of Texas (SLTX) has appointed three new members to its board of directors. Rosemarie Marshall serves as executive vice president for AmWINS Group in Dallas, Texas, where she manages the...
Former Scottsdale Insurance Chief Miller to Start New E&S Carrier, Ategrity
Apr 6 2018 // Mike Miller, the long-time president and chief operating officer of excess and surplus lines giant Scottsdale Insurance Co., is launching a new specialty property/casualty insurance company named Ategrity Specialty...
IAT Insurance Group Agrees to Acquire New Jersey’s IFIC Surety Group
Apr 4 2018 // IAT Insurance Group (IAT) has reached a definitive agreement to acquire IFIC Surety Group Inc. for an undisclosed amount. The acquisition signals IAT’s entry into the surety market. The closing of the transaction is...
RSG Completes Acquisition of New Jersey’s New Day Underwriting Managers
Apr 3 2018 // Ryan Specialty Group LLC (RSG) has completed its acquisition of the assets and operations of New Day Underwriting Managers LLC (New Day), a specialty intermediary with offices in Hamilton, N.J. New Day was founded in 2005...
Lloyd’s Market Association Names New Board Members for 2018
Apr 3 2018 // The Lloyd’s Market Association (LMA) has announced four new members of its board, following a recent nomination process. Effective from the annual general meeting to be held on May 31, 2018, one new and three...
UK MGA Castel Specialty Launches Global Property Facultative Reinsurance Cover
Apr 3 2018 // Castel Specialty, the division of club-style MGA formation platform Castel Underwriting Agencies Ltd., has added a global property facultative reinsurance offering to its portfolio. Paul Witzenfeld joins Castel Specialty...
White Mountains Buys Majority Stake in Program Manager NSM
Apr 2 2018 // Bermuda-based insurance holding company White Mountains Insurance Group is acquiring a majority equity stake in NSM Insurance Group (NSM), the specialty insurance program administrator. The transaction values NSM at...
Montrose and Horizontal or Vertical Exhaustion: Is the Long-Tail (Claim) Wagging the Dog?
Apr 2 2018 // The California Supreme Court will again intervene in the protracted saga of insurance litigation stemming from the bodily injury, property damage, and Comprehensive Environmental Response, Compensation, and Liability Act...
Non-Catastrophe Losses, Natural Disasters Take Toll on Lloyd’s Market in 2017
Apr 2 2018 // The Lloyd’s market’s pre-tax loss of £2 billion (US$2.8 billion) in 2017 was partly due to hurricanes and wildfires in the third and fourth quarters. But these losses were exacerbated by the continued...
