Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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Feb 5 2018 // Boca Raton, Fla.-based Universal Insurance Services, LLC, a subsidiary of Vanbridge, LLC, has added Jamie Lorentz to the firm as an analyst for Corporate and Institutional Insurance. Lorentz joins Universal from...
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Feb 5 2018 // Texas Security General Insurance Agency LLC (TSGA) in San Antonio, Texas, added David A. Winkley as vice president of Commercial Lines. A former business owner, Winkley has industry experience in retail production,...
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Feb 5 2018 // David Kramer and Theodore Nittis have launched Gemini Risk Partners as an independent professional liability insurance brokerage in Bloomfield Hills, Michigan. The firm will focus on serving law firms, as it did when it...
London Market Single Claims Agreement Launched to Improve Claims Handling
Feb 1 2018 // The London market has launched a simplified system for claims handling in an effort to improve client service and streamline claims agreement across the London market. The Single Claims Agreement is designed “to...
Froman to Lead McLarens’ Business Development from Atlanta
Feb 1 2018 // Global loss adjusting firm McLarens has promoted Susan Froman to senior vice president, Business Development – The Americas. Froman joined McLarens three years ago to recruit and establish the domestic business...
Surplus Lines Market Had a Record Breaking Year in 2017
Jan 31 2018 // Across the United States, all 15 surplus lines service offices experienced increases in excess and surplus (E&S) lines insurance premium, totaling $28.1 billion, the Surplus Lines Stamping Office of Texas (SLTX)...
Lloyd’s Market Association to Offer International Courses, Technical Programs
Jan 31 2018 // The Lloyd’s Market Association Academy (LMA Academy) announced that, starting in March, it will begin offering a range of technical programs and courses internationally. The expansion builds on the success of the...
Ryan Specialty Group Launches Latin America MGA, Capital Bay Underwriting
Jan 29 2018 // Ryan Specialty Group (RSG) has launched a Latin American-focused managing general underwriter, Capital Bay Underwriting, based in Miami. Capital Bay’s central emphasis is financial lines re/insurance products for...
Bloomberg Interview with Lloyd’s CEO Beale in Davos: Economic Outlook, Asia Growth, Cyber, Brexit and More
Jan 26 2018 // Lloyd’s of London, the world’s oldest insurance market, is experiencing year-on-year growth of 100 percent in some of its Asian markets, where growing economies are fueling demand for cover from the...
Ryan Specialty Group to Acquire New York’s Irwin Siegel Agency
Jan 24 2018 // Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of the Irwin Siegel Agency Inc. (ISA). Terms of the agreement were not disclosed. ISA is a human and social service managing...
$19 Billion in Potential Losses from Cloud Services Failure Mostly Uninsured: Lloyd’s, AIR
Jan 23 2018 // A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion in business losses, only a fraction of which would be insured, Lloyd’s of London said in a report on...
AIG’s Dealmaker CEO Duperreault Says Validus ‘Fits Like a Glove’
Jan 23 2018 // American International Group Inc. is getting bigger again. Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a...
AIG to Buy Bermuda Reinsurer Validus for $5.6B in Cash, Reversing Retrenchment
Jan 22 2018 // Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer...
California Wholesaler Conference Questions: Rising Premiums, Disruption, Disasters?
Jan 22 2018 // Surplus lines in California had a great year with more premium and more items, such as policies and endorsements sold. However, surplus lines brokers had to work harder for all that premium. That’s according to Ben...
Texas Surplus Lines Premium Up by 66% in 10 Years
Jan 22 2018 // Surplus lines premium in Texas increased to $5.46 billion in 2017, up from $5.12 billion in 2016, according to data collected by the Surplus Lines Stamping Office of Texas (SLTX). The numbers represent a 6.5 percent growth...
Consolidation Continues: The Squeezing of Wholesale Brokers
Jan 22 2018 // Wholesale insurance brokers have been selling off their businesses and it’s not because they are all ready to retire. As in the retail agency segment, consolidation among wholesale brokerages is being driven by...
JenCap Holdings to Acquire Genesee General of Georgia
Jan 18 2018 // JenCap Holdings LLC (JCH), a specialty insurance business, has agreed to acquire privately-held Genesee General, a managing general agency, program administrator and wholesale insurance broker based in Alpharetta, Ga. The...
Houston International Insurance Group Promotes 5 in Senior Management
Jan 17 2018 // Houston International Insurance Group (HIIG) announced it has promoted five senior management executives. Kirby A. Hill was promoted to executive vice president of HIIG Property/Casualty operations. Hill, who has been with...
E&S Exit: State Auto’s Rockhill Sells Environmental Insurance Renewals to CapSpecialty
Jan 16 2018 // Capitol Indemnity Corp., a wholly-owned subsidiary of CapSpecialty Inc., said it has acquired the renewal rights to Rockhill Insurance Group’s excess and surplus environmental insurance book of business. Rockhill is...
California Wholesaler Conference Questions: Rising Premiums, Disruption, Disasters?
Jan 9 2018 // Powered by InsuranceJournal.tv Surplus lines in California had a great year with more premium and more items, such as policies and endorsements sold. However, surplus lines brokers had to work harder for all that...
