Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Palomar Specialty Expands Residential Earthquake Product Into Additional States
Nov 20 2017 // Palomar Specialty Insurance Co. has expanded its Flex Choice residential earthquake insurance product into the following states: Arkansas, Tennessee, Kentucky, Illinois, Indiana and Utah. Flex Choice allows consumers to...
Vault E&S Approved as Surplus Lines Insurer in Arkansas
Nov 20 2017 // A new Arkansas-based surplus lines insurer has been approved to do business in the state, according to the Arkansas Insurance Department. Vault E&S Insurance Company has been granted authority to sell property,...
Texas Surplus Lines Premium Up 6% for the Year
Nov 17 2017 // Texas has recorded $4.6 billion in surplus lines premium through the end of October 2017, a 6 percent increase over 2016, according to the Surplus Lines Stamping Office of Texas (SLTX). Providing an update at the annual...
Barbican Insurance Launches U.S. Specialty Property MGA Targeting Southeast, Gulf Coasts
Nov 17 2017 // Barbican Insurance Group has launched Barbican Specialty US, a new managing general agency (MGA) providing wholesale excess and surplus (E&S) property insurance for small-to-medium-sized commercial operations along the...
Sprowls Elected President of Texas Surplus Lines Association
Nov 15 2017 // Garrett Sprowls, general counsel and managing broker of Austin-based Professional Lines Underwriting Specialists Inc. (PLUS Inc.), has been elected president of the Texas Surplus Lines Association Inc. (TSLA). Other newly...
Prime Insurance to Write Specialty Lines in New Hampshire, Rhode Island
Nov 15 2017 // Prime Holdings Insurance Services Inc. (Prime Holdings) announced that its subsidiary, Prime Insurance Company (Prime), recently received approval to write specialty lines insurance coverage in New Hampshire and Rhode...
Prime Authorized to Write Surplus Lines in New Hampshire and Rhode Island
Nov 15 2017 // Salt Lake City, UT, Chicago, Illinois, November 15, 2017- Prime Holdings Insurance Services, Inc. (“Prime Holdings”) announced that its subsidiary, Prime Insurance Company (“Prime”), recently...
NIF Group Acquires Connecticut’s Agency Intermediaries and Massachusetts’ A.I.I.
Nov 14 2017 // NIF Group Inc. (NIF), a wholesale broker, program administrator and managing general agency, and its parent company JenCap Holdings LLC (JCH) have agreed to acquire privately held Agency Intermediaries Inc. and A.I.I....
MGA Chord Re Launches as Specialty Reinsurer, Writing on Behalf of Neon
Nov 14 2017 // Chord Re, a new underwriting vehicle established by Stefan Long, formerly head of Aspen Re London, has launched operations on Nov. 6. Chord Re expects to both structure and lead programs in specialist classes and will...
Lloyd’s Approves Dale Underwriting Partners’ Special Purpose Arrangement
Nov 13 2017 // Dale Underwriting Partners, managed by Lloyd’s third party managing agency Asta, announced that its special purpose arrangement (SPA) has received approval from Lloyd’s. The SPA will reinsure a portfolio of...
Asta’s Agora Syndicate 3268 Gets Nod from Lloyd’s to Underwrite in January 2018
Nov 13 2017 // Asta, the third-party managing agent at Lloyd’s, announced that Agora Syndicate 3268 has received approval from Lloyd’s to commence underwriting business attaching on or after Jan. 1, 2018. Agora Syndicate 3268...
Vault E&S Approved as Surplus Lines Insurer in Arkansas
Nov 8 2017 // A new Arkansas-based surplus lines insurer has been approved to do business in the state, according to the Arkansas Insurance Department. Vault E&S Insurance Company has been granted authority to sell property,...
Tough Road for Trucking Insurance Specialists
Nov 7 2017 // Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country. Despite the...
BHSI Creates Excess Integrated Follow Form for Contractors
Nov 6 2017 // Berkshire Hathaway Specialty Insurance (BHSI) has unveiled the Excess Integrated Follow Form, a single excess policy that sits atop multiple first- and third-party insurance policies, for contractors in the U.S. and...
Ryan Specialty Group Acquisition of Houston’s Oxford Insurance Services Completed
Nov 3 2017 // Ryan Specialty Group LLC has completed its previously announced acquisition of Oxford Insurance Services LLC (Oxford), a wholesale insurance brokerage headquartered in Houston, Texas. The acquired business is part of R-T...
Fidelis Launches Treaty Excess-of-Loss MGA, via New MGA Platform Pine Walk
Nov 3 2017 // Bermuda-based Fidelis Insurance announced it has launched its first managing general agent (MGA), called Radius. The MGA will be run by Rob Ashton and will focus on niche specialty treaty excess of loss business, such as...
JLT Specialty USA Adds Starr’s Vendetti to Construction Risk Partners
Nov 2 2017 // JLT Specialty USA announced the appointment of James Vendetti as a director for its construction insurance practice, Construction Risk Partners (CRP). Based in New York, Vendetti will focus on business development,...
Iron-Excess Names 3 to Specialty Casualty Posts for U.S., London
Oct 30 2017 // Ironshore announced the appointments of three executives to underwrite Specialty Casualty risk in U.S. and London markets. Iron-Excess, the excess underwriting unit of Ironshore Insurance Services formed in September 2017,...
Randall & Quilter Agrees to Novate Management of ProSight’s Syndicate 1110
Oct 30 2017 // Randall & Quilter Investment Holdings Ltd. (R&Q) announced it has reached agreement with ProSight Specialty Insurance to novate the management of Syndicate 1110 to R&Q Managing Agency Ltd. (RQMA). Day-to-day...
Lloyd’s Re/Insurance Broker RFIB Launches Singapore Operation
Oct 30 2017 // RFIB Group Ltd., the Lloyd’s insurance and reinsurance broker, announced the launch of RFIB (Singapore) Pte Ltd. The new operation will serve as a hub for the continued development of RFIB’s presence across...
