Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Everest Taps Former Lexington Exec Curtin to Head E&S Property
Oct 6 2016 // Christopher Curtin has joined Everest Insurance as head of Excess & Surplus (E&S) Property. Curtin joins Everest as vice president and National E&S leader, based in the Everest Insurance Boston office. He will...
Edgewater Holdings, Brit Global to Offer Cyber Security Coverage
Oct 4 2016 // Edgewater Holdings has collaborated with specialty insurer and reinsurer Brit Global Specialty to offer cyber security protection through the Employment Practices Risk Management Association (EPRMA). Policies purchased...
Texas Surplus Lines Office: Compliance Required After Essex/Evanston Merger
Oct 3 2016 // The Surplus Lines Stamping Office of Texas (SLSOT) is alerting surplus lines insurance professionals in the state that due to the merger of Markel companies Essex Insurance Co. (Essex) into Evanston Insurance Co....
Fitch Assesses Slowdown in E&S Market
Sep 29 2016 // Excess and surplus lines underwriters continued to outperform the U.S. property/casualty industry at large in terms of combined ratio in 2015, Fitch Ratings said in a new market review. The report also cautions that...
Liberty Mutual Adds 2 Excess Casualty Products for Large Companies
Sep 29 2016 // Liberty Mutual Insurance has launched two new excess casualty products for large companies: the Utility Follow Form Excess for the power and utility sectors, and the Integrated Occurrence Form for the large corporate...
Sierra Specialty Taps Sergeant for Ag/Livestock Marketing
Sep 27 2016 // Sierra Specialty has named Mike Sergeant in marketing in its agri-business department. Sergeant will specialize in marketing ag and livestock insurance products. His 34 years of experience. Sergeant started with Hartford...
Starr Buys Wright USA from Ironshore, Subsidiary of China’s Fosun
Sep 26 2016 // Starr Companies has acquired Wright USA from Ironshore Insurance Services, a subsidiary of China’s Fosun Group. Wright USA is an insurance agency and third-party administrator principally providing Federal Employee...
Brit Receives Preliminary Approval from Lloyd’s to Launch Syndicate 2988
Sep 26 2016 // Brit Ltd., the London-based specialty insurer, has received in principle approval* from the Lloyd’s Franchise Board to launch a new syndicate, Syndicate 2988. The syndicate plans to begin underwriting business...
Asta Gets Preliminary Lloyd’s Approval to Manage Blenheim Syndicate 5886
Sep 23 2016 // Asta, the Lloyd’s third party managing agent, announced it has received “in principle” approval* from the Lloyd’s Franchise Board to establish and manage Blenheim Syndicate 5886. Asta expects to...
Lloyd’s Insurer Advent Names Gray as Direct & Facultative Property Consultant
Sep 23 2016 // Lloyd’s insurer Advent has appointed Jonathan Gray as consultant for its direct & facultative (D&F) property division. He takes up his role with immediate effect and will report to Nigel Fitzgerald, CEO. Gray...
Aspen Risk Management Enters Renewal Agreement with Liberty Specialty Markets
Sep 22 2016 // Aspen Risk Management Ltd. (ARML), the regional UK property and casualty business of Aspen Insurance, has entered into a renewal rights agreement with Liberty Specialty Markets (LSM), which is part of Liberty Mutual...
Lloyd’s to Move Some Business to EU if UK Loses Post-Brexit Passporting
Sep 22 2016 // The Lloyd’s of London insurance market is already working on plans to move some business to the European Union, aiming to be ready for the shift as soon as Britain starts divorce proceedings from the bloc, its...
Surplus Lines Office: Compliance Required after Essex/Evanston Merger
Sep 19 2016 // The Surplus Lines Stamping Office of Texas (SLSOT) is alerting surplus lines insurance professionals in the state that due to the merger of Markel companies Essex Insurance Co. (Essex) into Evanston Insurance Co....
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
Sep 19 2016 // The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the...
New York’s Attempt to Subject Surplus Lines Insurers to Insurance Franchise Tax
Sep 19 2016 // New York has increasingly asserted that unauthorized insurance companies — including surplus lines insurance companies — are subject to New York insurance franchise tax. However, there are several arguments...
Closing Quote: Health and Optimism in Surplus Lines
Sep 19 2016 // The surplus lines industry continues to outperform the overall property/casualty market, but that doesn’t mean it’s not without its own challenges. The annual U.S. Surplus Lines – Segment Review, produced...
How Competition Brings Out E&S Market’s Creativity
Sep 19 2016 // Emerging risks or traditional lines, innovation makes the difference The surplus lines market is eyeing another year of solid results for 2015. At press time, the final figures for 2015 surplus lines had yet to be released...
14 States Process $13.1B in Surplus Lines Premium in First Half 2016
Sep 19 2016 // Data from the 14 U.S. surplus lines service/stamping offices show they have processed almost $13.1 billion in insurance premium filings in the first half of 2016, according to the Surplus Lines Stamping Office of Texas...
AIG Selling Stake in Ascot Lloyd’s Syndicate; Will Keep Bermuda, Reinsurance Ties
Sep 16 2016 // American International Group Inc. has agreed to sell its interest in Ascot Underwriting Holdings Ltd. (AUHL) and related syndicate-funding subsidiary Ascot Corporate Name Ltd. to Canada Pension Plan Investment Board...
Lloyd’s Enjoys ‘Healthy Pipeline’ of Entrants Despite Brexit, Chairman Says
Sep 15 2016 // The Lloyd’s of London insurance market has a queue of companies wanting to join, Chairman John Nelson said on Monday, even as Britain’s vote to leave the European Union casts doubt over its European...
