Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
XL Catlin Names Smyth, Greavesas to Global Excess Casualty Posts
Jun 6 2018 // XL Catlin insurance operations named Donnacha Smyth as president and Carla Greavesas as chief underwriting officer of Global Excess Casualty. Smyth, who will be based in Dublin, will start his new role in September. He...
Monarch E&S in California Names Bertram Manager of Commercial Lines
Jun 5 2018 // Monarch E&S Insurance Services has promoted Lynn Bertram to senior underwriter and manager of commercial lines operations. Bertram has worked with Monarch E&S for 15 years, underwriting new business for the past...
Specialty Program Acquires Assets of PPIB in California
Jun 4 2018 // Specialty Program Group LLC has acquired the assets of Novato, Calif.-based Professional Program Insurance Brokerage. Terms of the deal were not disclosed. Susan Preston, president of PPIB, will continue to run the...
Ryan Specialty Completes Acquisition of Lodestar Marine of London
Jun 4 2018 // Ryan Specialty Group has completed its acquisition of Lodestar Marine Limited of London. Within RSG, Lodestar’s operations are a part of RSG Underwriting Managers, the managing general underwriting division of Ryan...
People
Jun 4 2018 // Doug Slape has been promoted to second-in-command at the Texas Department of Insurance. Slape has been at the agency since 1988 and has served as deputy commissioner for the Financial Regulation Division the past three...
Massachusetts’ The Hanover Appoints Baron President of Alternative Markets
Jun 1 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...
Burand’s State of the P/C Insurance Industry 2018: Pricing Cycle Effects on Agents
May 29 2018 // The property & casualty insurance and group benefits industry is changing faster than ever, or at least faster than any time in any reader’s history. Many factors are the parents of such change. In part one of...
Allianz Global Corporate & Specialty Expands Cargo Coverage
May 24 2018 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has expanded its Project Cargo offering through a direct partnership with its Engineering division. The new collaborative...
Lloyd’s Receives Approval for Brussels Subsidiary
May 23 2018 // Lloyd’s of London reported that it has received licence approval from the National Bank of Belgium for Lloyd’s Insurance Co. Lloyd’s Brussels will be able to write non-life risks from the European...
Castel Specialty Taps White to Lead New Political Risk Division
May 22 2018 // Castel Specialty, the division of managing general agent Castel Underwriting Agencies Limited for smaller books of niche business, has expanded its portfolio with the launch of Castel Political Risk. Led by Tom White,...
Ascot US Acquires Inactive Greyhawk Insurance and Specialty
May 22 2018 // Ascot US Holding Corp. has acquired Greyhawk Insurance Co. and its subsidiary Greyhawk Specialty Insurance Co. Greyhawk is a Colorado domiciled admitted lines insurer that has been in runoff since 2006. Greyhawk Specialty...
Why Lloyd’s Chose Brussels for Post-Brexit Outpost: CEO Beale
May 21 2018 // Lloyd’s of London remains on schedule to have its post-Brexit outpost ready for business beginning in January 2019, CEO Inga Beale confirmed at a recent meeting of U.S. regulators in Washington,...
Insurers’ Worst Fear: Cyber Hurricane or Silent Cyber?
May 21 2018 // Insurers in the cyber insurance segment have enjoyed exponential growth in the market over the last 10 years, and that is expected to continue as the world becomes even more connected via the internet. But while the growth...
People
May 21 2018 // Privately held independent insurance broker Lockton named Matt DiGregorio as a senior vice president in its South Florida operation. DiGregorio will advise clients in private equity, real estate and other industries on...
J.C. Flowers Buys Lloyd’s Brokers SSL and Endeavour; Two Agree to Merge
May 18 2018 // Lloyd’s and independent specialist marine broker SSL Insurance Group has agreed to merge with fellow Lloyd’s broker and delegated authority specialist Endeavour Insurance Services. The deal will conclude with...
Age of Insurtechs Poses Unique Challenges for Surplus Lines Insurance Industry
May 17 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...
Lloyd’s CEO Beale Urges Regulators to ‘Keep Up’ with Insurers’ Technology
May 17 2018 // As insurers try to innovate and address the rapidly changing needs of their clients, Lloyd’s of London CEO Inga Beale has a message for regulators who oversee them: “Try and keep up.” Beale, speaking May...
HDI Global, Hannover Re Merge Units to Create Specialty Insurance Joint Venture
May 14 2018 // Hannover Re and HDI Global SE are merging their specialty activities in a new joint venture. The new company, HDI Global Specialty SE, will write agency and specialty insurance business in lines such as errors &...
Lloyd’s Ends Ties with NRA Insurance Programs
May 10 2018 // Lloyd’s of London has directed its underwriters to terminate any insurance programs they have with the National Rifle Association (NRA) and to not enter into any new ones. “The Lloyd’s Corporation has...
Everest Insurance Adds Micheff to Excess Casualty Team in Chicago
May 9 2018 // Michael Micheff has joined Everest Insurance in Chicago as director and senior underwriter within the Excess Casualty division of Everest Specialty Casualty. He will be handling the Midwest territory of the United...