Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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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...
Texas Surplus Lines Stamping Office Sees Drop in Late Filings
May 7 2018 // The Surplus Lines Stamp-ing Office of Texas (SLTX) says the number of surplus lines policies filed after the filing deadline has decreased since the start of the SLTX late filers outreach program last year. In 2017, 993...
New York Fines Lockton Over NRA Insurance; Continues Probe of Other Players
May 3 2018 // Insurance broker Lockton will pay a $7 million fine for administering National Rifle Association (NRA) member insurance programs in New York that officials say violate several state laws. The settlement with Lockton is the...
Texas Surplus Lines Stamping Office Sees Drop in Late Filings
May 2 2018 // The Surplus Lines Stamping Office of Texas (SLTX) reported that the number of surplus lines policies filed with SLTX after the filing deadline has decreased since the start of the SLTX late filers outreach program. In...
CFO Parry to Leave Lloyd’s After 17 Years
May 1 2018 // Lloyd’s of London announced today that Chief Financial Officer John Parry has decided to leave the corporation after 17 years. Parry joined Lloyd’s in August 2001. He was appointed chief financial officer in...
Beazley, Lloyd’s Broker, Bitfury Creating Blockchain Registry for Crisis Coverages
May 1 2018 // Insurer Beazley has partnered with three companies to build a blockchain-based registry that will manage insurance for crisis situations such as mass shootings, the companies told Reuters. The registry will use blockchain...
Lloyd’s Sees Insurance Helping Burgeoning Sharing Economy Grow
Apr 30 2018 // A new report commissioned by Lloyd’s of London finds a role for insurance in helping the sharing economy grow by clearly defining the risks in the peer-to-peer world. However, differing views on who should take on...
Allianz Global Corporate & Specialty to Offer Drone Safety Products Through ParaZero
Apr 27 2018 // Allianz Global Corporate & Specialty (AGCS) has partnered with Israel-based drone safety systems company ParaZero to offer its drone-safety products to insureds and help them manage risks involved with the operation of...
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...
