Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Begins Operating in India with MS Amlin as 1st Underwriter
Apr 5 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced it has begun to operate in India with MS Amlin as the first Lloyd’s business to join the branch and begin underwriting. Lloyd’s India...
Florida Property Insurers Avoid Ratings Downgrades From Demotech, For Now
Apr 3 2017 // Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning about the effects of assignment of benefits abuse and...
Ryan Specialty Group Agrees to Acquire Assets of New York-Based LoVullo
Mar 31 2017 // Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire substantially all of the assets of LoVullo Associates Inc. (LoVullo), a wholesale insurance brokerage and binding authority operation based in...
Blue River Underwriters Promotes Jared Mathis to Executive Vice President
Mar 31 2017 // Atlanta, GA, March 31, 2017 — Blue River Underwriters, a Breckenridge Insurance Group company, has promoted specialty property senior vice president Jared Mathis to executive vice president of the division. As executive...
What Could be Hotter than Phoenix? The Answer Might Just Be Phoenix
Mar 30 2017 // Can you imagine an even hotter, drier Phoenix? Certainly not if you’ve been to the sun-drenched Arizona capital in the summer. Such an inconceivable scenario is being proposed by the LA Times. “Today, Phoenix...
Brussels Hopes to Lure Other Finance Firms After Its Success with Lloyd’s
Mar 30 2017 // Brussels expects to lure other financial players after convincing Lloyd’s of London, the world’s largest specialty insurance market, to make the city its post-Brexit European hub. While Lloyd’s choice on...
Lloyd’s Reports £2.1B ($2.6B) Profit for 2016, Unchanged from 2015
Mar 30 2017 // Lloyd’s reported 2016 pretax profit of £2.1 billion pounds ($2.6 billion), level with 2015, despite a worsening of the market’s combined ratio at 97.9 percent, compared with 90.0 percent in 2015. Return on...
Lloyd’s to Open EU Insurer in Brussels in Preparation for Brexit
Mar 30 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced it will set up a European insurance company in Brussels in preparation for the UK’s exit from the European Union. The Brussels’...
Lloyd’s Shortlists Brussels or Luxembourg as EU HQ: Sources
Mar 28 2017 // Lloyd’s of London, the world’s largest specialty insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, sources...
Now There Is Business Income Insurance for Vendors Booted Off Amazon
Mar 23 2017 // Like many people who make their living selling stuff on Amazon.com Inc., Rob Griffin is terrified of getting kicked off the site. Two years ago the Atlanta resident was suspended for selling a banned health supplement and...
Swiss Re Names Mitchell as Head of Property & Specialty Reinsurance
Mar 22 2017 // Swiss Re announced that Mike Mitchell, currently head Property Underwriting and Property & Casualty Facultative, Asia, will succeed Edouard Schmid as Swiss Re’s head Property & Specialty Reinsurance,...
Hannover Re to Acquire Lloyd’s Syndicate Argenta
Mar 21 2017 // Hannover Re has agreed to acquire the UK holding company Argenta Holdings plc, which owns Argenta Syndicate Management and Argenta Private Capital as well as a pro rata share of the Lloyd’s syndicate Argenta...
XL Catlin Names Fischbach to Key Excess & Surplus Insurance Post
Mar 21 2017 // XL Catlin has appointed Karl Fischbach as head of Binding Authority and Brokerage for its excess and surplus insurance operation. In his newly added role, Fischbach will focus on aligning XL Catlin’s E&S...
Ironshore Specialty Adds M&A Transition Coverage for Construction Risks
Mar 20 2017 // Ironshore Specialty Casualty has enhanced its transition protection policy form to address contractual exposures related to an organizational merger or acquisition specific to the construction industry. Ironshore’s...
Steamin’ Hot Markets: Cyber, Sharing Economy, Active Shooter, Construction, Mergers and More
Mar 20 2017 // Cyber Sharing Economy, Active Shooter, Construction, Mergers and More Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. For 2017, experts predict the U.S....
Northern Illinois Insurance Agency Owner Indicted, Charged with Defrauding Clients
Mar 20 2017 // The owner of a Rockford, Illinois-based managing general agency that last year had its license revoked or non-renewed by at least three separate state insurance departments has been indicted by a federal grand jury for...
Florida Property Insurers Largely Avoid Downgrades, For Now: Demotech
Mar 17 2017 // Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning of last month about the effects of assignment of...
Experience Is Everything for Krefta, CEO-in-Waiting at Hiscox Re & ILS
Mar 17 2017 // When someone gets to be a CEO at the age of 36, perhaps it’s a good idea to listen to his story about how he got there and some of the lessons he’s learned. From his current position as chief underwriting...
Liability Risk Modeling Tool Launched by Lloyd’s and AIR’s Arium
Mar 14 2017 // Lloyd’s and modeling company Arium have launched a tool designed to enable insurers and reinsurers to model liability exposure probabilistically across their entire portfolios, Lloyd’s announced. “The new...
Employers Struggle to Manage Benefits Covering Specialty Drugs
Mar 10 2017 // Twenty-seven percent of employers are offering their employees a high deductible plan with co-insurance as part of their specialty drug benefit, and although this strategy helps to lower insurance premiums, it can also...
