Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lancashire Seen as Target as Lloyd’s Consolidation Trend Continues
Feb 17 2015 // Lloyd’s of London insurers Lancashire Holdings plc and Novae Group plc may be the next in line for takeover offers after Brit plc became the second U.K. firm within weeks to be acquired. Lancashire, which gained...
Coverys Launches Excess & Surplus Lines Company
Feb 13 2015 // Coverys, a Boston-based provider of medical professional liability insurance and related services, announced the creation of Coverys Specialty Insurance Company, a new excess and surplus lines underwriting company. The New...
Palomar Specialty, Wellington to Launch Wind Insurance Product in Texas
Feb 13 2015 // Palomar Specialty Insurance Co., based in La Jolla, Calif., has partnered with Fort Worth-based Wellington Risk Insurance Agency Inc. (Wellington), to offer wind-exposed residential property insurance in Tier II counties...
Specialty Insurance Group, Reel Media Partner on Entertainment Segment Offerings
Feb 13 2015 // Specialty Insurance Group (SIG) and Reel Media, LLC have formed a strategic alliance within the entertainment industry to service the specialty entertainment insurance market segments. The agreement combines the...
Essary Named Exec. Director of Surplus Lines Stamping Office of Texas
Feb 13 2015 // Norma Carabajal Essary has been appointed as executive director of the Surplus Lines Stamping Office of Texas (SLSOT), effective March 1, 2015. She succeeds Philip R. Ballinger, who retired Jan. 2, 2015, after 22 years of...
Texas Insurance Wholesalers Wary of Retail Agent Association MGA
Feb 9 2015 // In mid-November 2014, Texas’ largest association of independent retail insurance agents took the unprecedented step of acquiring a managing general agency as a way of providing its members greater access to...
P/C Insurers’ Surplus Rose, Profit Fell in 2014’s First 9 Months
Feb 9 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
ProHost USA, XL Add Umbrella Excess Coverage to Restaurant Insurance Product
Feb 6 2015 // XL Group and insurance program administrator ProHost USA have added an extra layer of insurance protection to its umbrella excess insurance coverage product offering for fine dining and casual...
Beazley Bets on U.S. Unit to Offset Declining Rates at Lloyd’s Business
Feb 6 2015 // Beazley plc is targeting 5 percent growth for 2015 as the insurer looks to its U.S. unit to help offset falling prices for coverage at its Lloyd’s of London business. Beazley, the first of its peers to report...
Lloyd’s Appoints Brit Group CEO Cloutier to Franchise Board
Feb 4 2015 // Lloyd’s announced that Mark Cloutier, CEO of Brit PLC, will be joining the Lloyd’s Franchise Board, as of April 1, 2015. He has been the CEO of the Brit Group since October 2011, and has more than 35...
Lloyd’s Appoints Mackinnon as General Representative in Australia
Feb 3 2015 // Lloyd’s, the specialist insurance and reinsurance market, has appointed Christopher Mackinnon as its new general representative in Australia. Mackinnon starts in early February and brings with him more than 21...
Palomar Specialty, Civil Service Employees Insurance to Offer Earthquake Coverage
Feb 2 2015 // Palomar Specialty Insurance Co. has partnered with Civil Service Employees Insurance Co. to offer a comprehensive residential earthquake solution for CSE’s customers. Palomar Specialty’s residential earthquake...
P/C Insurers’ Surplus Rose, Profitability Fell in 2014’s First 9 Months
Jan 28 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
XL Group Introduces New Excess Executive Liability Form
Jan 28 2015 // XL Group has developed a new excess “follow form” insurance policy to provide the option of buying an additional layer of professional liability insurance protection. According to Kelly Lyles, chief executive...
Best Places AXIS and Subs Ratings under Review w/ Negative Implications
Jan 27 2015 // A.M. Best has placed under review with negative implications the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of AXIS Specialty Limited and its...
Ballinger on Growth, Professionalism in Texas Surplus Lines Market
Jan 26 2015 // Phil Ballinger retired at the end of December 2014 as executive director of the Surplus Lines Stamping Office of Texas (SLSOT), a post he’s held for more than two decades. During his tenure at SLSOT, the organization...
E&O Insights: Key E&S Issues Agencies Need to Know
Jan 26 2015 // Regardless of whether the market is hard or soft, for agencies to be successful will typically require that they have an active, ongoing relationship with at least a couple of excess and surplus lines (E&S)...
Former California Surplus Lines Chair Gibbs Loved Stories, Clients
Jan 23 2015 // George N. Gibbs Jr. was a man who was famous in insurance circles for his ability to tell a good story, and those who knew him say he was passionate about protecting the interests of his clients. Gibbs died on Dec. 31,...
Balvin Joins Louisiana-Based Specialty Risk Associates
Jan 22 2015 // Specialty Risk Associates Inc., based in Shreveport, La., announced that Genie Balvin joined the firm as a commercial lines renewal underwriter. Prior to joining Specialty Risk, Balvin worked as a property/casualty field...
O’Donohoe Joins Hamilton Re to Lead Lloyd’s Syndicate Operations
Jan 20 2015 // The Bermuda-based Hamilton Insurance Group, which operates P&C reinsurer Hamilton Re and the organization’s U.S. property casualty insurance operations Hamilton USA, announced that Dermot O’Donohoe, former...
