Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Re/Insurance Business Leaders Begin to Comment on Post-Brexit World
Jun 24 2016 // The UK joined the European Union in January 1973, and yesterday, the UK public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin. No one knows how long it will take for the UK to untangle...
Foo Fighters Suing Lloyd’s in California over Concert Canceled after Paris Attacks
Jun 22 2016 // The Foo Fighters are suing insurers for failing to reimburse them for European shows they cancelled following the Paris terrorist attacks in November. The suit, filed Monday in federal court in Los Angeles against...
Specialist Lloyd’s Insurer Neon Opens Bermuda Office with Fisher as CEO
Jun 21 2016 // The specialist Lloyd’s insurer Neon, formerly known as Marketform, announced it has opened an office in Bermuda as it grows its international footprint with greater access to both the Bermudian and U.S....
10 Things to Know About Umbrella Coverage
Jun 20 2016 // There is no “standard” umbrella. — Christopher J. Boggs, vice president of education, Insurance Journal Academy of Insurance Agents should visit the topic of excess casualty coverage with every new client and...
Ironshore’s Pembroke Agency Partners with Old Mutual for Africa Risks
Jun 16 2016 // Ironshore’s Pembroke Managing Agency Ltd. has entered into a management agreement with Old Mutual Group to underwrite select specialty lines for African risks. Pembroke’s Lloyd’s Syndicate 4000 partners...
BHSI Opens German Office, Fills Key Roles in Northern Europe
Jun 16 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) in coordination with its affiliate Berkshire Hathaway International Insurance Limited (BHIIL), announced it has opened an office in Düsseldorf, Germany, and filled key...
XL Catlin Names Chubb’s Oh as President of E&S Business in U.S.
Jun 13 2016 // XL Catlin has appointed Stephen S. Oh to lead its Excess & Surplus (E&S) business. As president of XL Catlin’s multi-line E&S operation in the U.S., he will direct regional underwriting operations,...
Bigger Is Better for Lloyd’s Syndicates with Active Cycle Mgmt: S&P
Jun 10 2016 // Benign catastrophe losses, combined with lower and less frequent casualty lines claims, helped Lloyd’s syndicates deliver another strong set of results in 2015, reporting an average combined ratio of 90 percent,...
Iron-Starr Forms Underwriting Alliance with Oil Casualty Insurance
Jun 10 2016 // Ironshore Inc. has added Oil Casualty Insurance, Ltd. (OCIL) as a subscribing insurer to Iron-Starr Excess Agency Ltd. for Financial Lines business. Iron-Starr currently underwrites on behalf of Ironshore Insurance Ltd....
Allianz Corporate Specialty Adds 3 to Cyber Insurance Team for North America
Jun 7 2016 // Allianz Global Corporate & Specialty (AGCS) has expanded its North American cyber insurance team with three industry professionals: Laura Burke, Daniel J. DeLoof and Lester Shearn. Emy R. Donavan was also promoted to...
Travelers & Novae Join Lloyd’s Construction Consortium; Capacity Rises to $320M
May 27 2016 // Two insurers, Travelers and Novae, have joined the Construction Consortium at Lloyd’s to offer greatly increased underwriting capacity for the largest construction risks in the world across all major onshore...
Towergate Launches Specialty London Markets U/W Division; 2 DUAL Execs Hired
May 27 2016 // Towergate Underwriting has formed a Specialty London Markets underwriting division, by hiring two market leading talents in this important and undeveloped specialist opportunity for the group. John Murphy and Glenn...
South Dakota Reminds Surplus Lines Insurance Brokers of Policy Filing Changes
May 26 2016 // The South Dakota Division of Insurance has issued a bulletin to surplus lines insurance brokers of changes in store for the filing of surplus lines policies. The changes are due to the wind down of the Nonadmitted...
Harrell Joins Ironshore in Chicago from Chubb/ACE USA
May 25 2016 // Ironshore Inc. has added David Harrell in its Specialty Casualty unit as vice president, casualty manager in the Chicago office. He will be responsible for building upon Ironshore’s retail distribution platform of...
3 Baldwin & Lyons Senior Execs Resign; CEO Cites Differences with Chairman; New CEO Named
May 24 2016 // Three senior executives of specialty transportation insurer Baldwin & Lyons have abruptly retired and the insurer said it has retained independent legal counsel to review issues raised by their departures. For now, the...
Program Administrator SIS Appointed Lloyd’s Coverholder
May 24 2016 // Safebuilt Insurance Services, Inc., dba SIS Wholesale Insurance Services, a national commercial lines program administrator, has been appointed as a Lloyd’s coverholder. The coverholder undertaking allows SIS to...
AAMGA’s Incoming President Levy Talks About Challenges, Opportunities
May 23 2016 // For 90 years the American Association of Managing General Agents (AAMGA) has dedicated itself to the growth and sustainability of the global specialty distribution marketplace. This year’s incoming AAMGA president,...
ThinkRisk Transfers Converging Risk Program to Lloyd’s, Expands Offerings
May 20 2016 // Ryan Specialty Group’s (RSG) ThinkRisk Underwriting Agency has entered into a new underwriting partnership for its Converging Risk program with Lloyd’s of London. ThinkRisk will transition its existing...
StarStone, Subsidiary of Enstar, Creates Australian Underwriting Hub
May 20 2016 // StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced the creation of an underwriting capability in Australia. The new hub will operate alongside Enstar’s existing Australian...
McGovern Leaving Lloyd’s as CRO to Join XL Group as Chief Compliance Officer
May 19 2016 // XL Group plc announced it has appointed Sean McGovern as chief compliance officer, head of Regulatory & Government Affairs, moving from Lloyd’s of London where he is chief risk officer and general counsel. In...
