Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Coverholder, Arma Underwriting, Launches in Dubai with MENA Focus
Jun 12 2017 // Asta, the Lloyd’s third party managing agent and specialist MGA investor, announced that Dubai-based Arma Underwriting Ltd. has received full approval from all regulators and commenced operations last...
MarketScout Sells Workers’ Compensation Business to Specialty Program Group
Jun 7 2017 // Dallas-based insurance exchange MarketScout, which provides agents with access to specialty markets, has sold its workers’ compensation managing general agency business to Specialty Program Group. MarketScout said it...
Fort Worth’s InsureZone Adds Surplus Lines Rating Technology
Jun 5 2017 // Fort Worth-based InsureZone announced the release of MGA Pro, which can provide real-time surplus lines rating from 25 carriers. InsureZone purchased MGA Pro in 2016 in order to add surplus lines rating to its suite of...
Excess Capacity Continues to Drive Rate Cuts at June Renewals: JLT Re Report
Jun 5 2017 // Reinsurance rates fell for the sixth consecutive year at the June 1, 2017 renewals, according to a market commentary published by JLT Re. JLT Re cited its Risk-Adjusted Florida Property-Catastrophe (ROL) Index which fell...
Texas ‘Industrial Insureds’ Bill Signed into Law
Jun 5 2017 // The Texas Legislature has passed a bill exempting certain commercial insureds from the requirement that agents make a “diligent effort” to find insurance in the admitted insurance market before taking the risk...
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...
