Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
AmWINS and Networked Deal Plays to Strengths of Both Firms, Execs Say
Jun 5 2017 // The acquisition by AmWINS Group Inc. at the end of last month of Networked Insurance Agents will achieve a number of objectives for both the Charlotte, N.C.-based global distributor of specialty insurance products and...
Specialty Program Group Acquires Paul Hanson Partners in California
Jun 2 2017 // Specialty Program Group, a holding company for specialty insurance underwriting facilities, has acquired the assets of Paul Hanson Partners and its affiliate, PHP International. Terms of the deal were not disclosed. Napa,...
Sompo International to Acquire Novae’s Financial Institutions’ Renewal Rights
Jun 2 2017 // Sompo International, a Bermuda-based specialty provider of property and casualty re/insurance, announced its London market insurance platform has agreed to acquire Novae Syndicates Ltd.’s financial...
Texas Surplus Lines Stamping Office Launches New Website
Jun 1 2017 // The Surplus Lines Stamping Office of Texas (SLTX) has introduced a new website as part of its long-term technology and communication initiatives. The updated site will be housed under the domain www.sltx.org. It includes a...
The Excess Line Association of New York Hires TIAA’s Greene
Jun 1 2017 // The Excess Line Association of New York (ELANY) has added Howard W. Greene to ELANY’s senior management team as director of strategic initiatives. Greene, an industry veteran, comes to ELANY from TIAA, where he spent...
AmWINS and Networked Deal Plays to Strengths of Both Firms, Execs Say
May 26 2017 // The acquisition by AmWINS Group Inc. at the end of last month of Networked Insurance Agents will achieve a number of objectives for both the Charlotte, N.C.-based global distributor of specialty insurance products and...
Hanover Insurance Names Zurich’s Salvatore as President of Specialty
May 26 2017 // The Hanover Insurance Group Inc., a Worcester, Mass.-based holding company for several property and casualty insurance companies, has appointed Bryan J. Salvatore as executive vice president and president of specialty,...
AmWins and Networked Deal Plays to Each Firm’s Strengths, Execs Say
May 26 2017 // The acquisition by AmWINS Group Inc. late last month of Networked Insurance Agents will achieve a number of objectives for both the Charlotte, N.C.-based distributor of specialty insurance products and the California-based...
Zurich North America Combines Commercial, Specialty Products; Horgan to Head New Unit
May 25 2017 // Zurich North America is bringing its Specialty Products business together with its North America Commercial Insurance as part of a continued streamlining of operations. The company said the move will provide easier access...
Texas ‘Industrial Insureds’ Surplus Lines Bill Signed into Law
May 25 2017 // On May 11, the Texas Senate passed a bill exempting certain policyholders from the requirement that agents to make a “diligent effort” to find insurance in the admitted commercial insurance market. Gov. Greg...
Lloyd’s Insurers Launch Asia Political Risk Consortium
May 25 2017 // Three Lloyd’s insurers have joined forces to form a Political Risk Consortium in Asia, offering increased capacity for a wide range of political and contract frustration risks. Beazley, Chaucer and Talbot will work...
Liberty Mutual Appoints Dekermanji Chief Underwriter for Specialty Energy
May 25 2017 // Liberty Mutual has appointed Jessica Dekermanji as senior vice president and chief underwriting officer of the National Insurance Specialty Energy unit. Dekermanji will lead a team of underwriting, risk control and account...
Ironshore CEO Kelley: Goal Under Liberty Mutual Is to Become Premier Specialty P/C Insurer
May 15 2017 // Longtime Ironshore Inc. CEO Kevin Kelley said his company has a genuine shot at becoming a “premier” specialty property/casualty insurance company, both domestically and abroad, now that Liberty Mutual...
Surplus Lines Could Meet Your Insured’s Flood Coverage Needs
May 15 2017 // The National Flood Insurance Program (NFIP) has been the topic of much debate in recent years, especially with the program set to expire on September 30. The NFIP is administered by the Federal Emergency Management Agency...
Wholesale Associations NAPSLO, AAMGA Merging to Form WSIA
May 15 2017 // Things are moving forward for a new insurance industry trade association for the wholesale, specialty and surplus lines insurance industry. The new Wholesale and Specialty Insurance Association (WSIA) is being formed by...
Allianz Global Corporate & Specialty Partners with Insurtech Firm to ID Liability Risks
May 11 2017 // Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz SE, is working with Praedicat, the Los Angeles-based insurtech analytics firm, to better predict key catastrophe liability...
Liberty Specialty Markets Names Chubb’s Gibbs as Chief Technology Officer
May 9 2017 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Max Gibbs as its new chief technology officer. Based in LSM’s London headquarters, Gibbs will report to Nick Metcalf, president...
Palomar Specialty, AAA Club to Offer Earthquake Insurance in Oklahoma
May 8 2017 // Palomar Specialty Insurance Co. has partnered with AAA Club Alliance to offer residential earthquake insurance, starting in Oklahoma. According to AAA Oklahoma Vice President of Insurance Russ Iden more than half of the...
Hiscox Taps Sompo’s Szakmary to Lead Bermuda Underwriting; Smith to Lead Specialty at Hiscox Re
May 4 2017 // Specialist global insurer Hiscox has announced the appointment of Adam Szakmary as director of underwriting for Hiscox Insurance Company Bermuda, subject to immigration and regulatory approval. Szakmary replaces Damien...
Liberty Specialty Markets Names AIG’s Sutherland to Lead Casualty Team
May 3 2017 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Stuart Sutherland as its head of Casualty. Based in LSM’s London headquarters, Sutherland will report to Alan Telford, chief...
