Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
California Surplus Lines up Considerably in 2014, Report Shows
Jan 14 2015 // Premiums for California wholesalers rose considerably in 2014 from a year earlier, showing that segment of the industry outperformed the rest of the state’s economy, according to a report from the Surplus Lines...
California Wholesalers Stress Opportunity Theme at Convention
Jan 13 2015 // Opportunity was a theme that came up often at the annual California Wholesaler Industry Days convention from Sunday through today in La Jolla, Calif. at Hilton Torrey Pines. The three-day conference organized by the...
Texas Sees Record $5B in Surplus Lines Premium in 2014
Jan 12 2015 // For the first time, premium on policies reported to the Surplus Lines Stamping Office of Texas (SLSOT) totaled more than $5 billion last year. This record volume in 2014 was $336.5 million over 2013, representing an...
2015 Insurance Industry Meetings & Conventions Directory
Jan 12 2015 // Welcome to Insurance Journal‘s 2015 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...
Top 10 Casualty Insurance Trends for 2015
Jan 12 2015 // While casualty insurance rates are stable and new capacity continues to enter the market, certain classes of business continue to be difficult to place, according to Marsh’s U.S. Casualty Practice. Following are 10...
XL to Write Nearly 10th of Lloyd’s Business After Catlin Deal
Jan 9 2015 // XL Group Plc said it would buy underwriter Catlin Group Ltd. for about 2.79 billion pounds ($4.22 billion), increasing the Dublin-based insurer’s share of business written in the Lloyd’s of London market to...
Ballinger on Growth, Professionalism in Texas Surplus Lines Market
Jan 8 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...
Berkshire Hathaway Specialty Insurance Enters Environmental Segment
Jan 7 2015 // Berkshire Hathaway Specialty Insurance (BHSI) is expanding its U.S. casualty underwriting capabilities to include pollution exposures and has named Chuck Hasselback to head its environmental group. According to Meredith...
Renewals See Lower Pricing, Broader Coverage, Reports Guy Carpenter
Jan 7 2015 // Guy Carpenter & Company reports reinsurance pricing fell at the January 1, 2015 renewals in many segments, affecting almost all lines of business and geographies, continuing recent renewal trends. According to Guy...
CNA Expands Specialty Lines Business in Canada
Jan 5 2015 // CNA announced that its $2.9 billion Specialty Lines business, specializing in professional and management liability, financial and other specialized property and casualty insurance products and services, will begin...
Global Indemnity Completes Purchase of American Reliable
Jan 5 2015 // Dublin-based Global Indemnity plc’s U.S. affiliate said it has completed its previously-announced purchase of American Reliable Insurance Co. from Assurant Inc. In a transaction valued at approximately $394,000,000,...
JLT Specialty Adds 5 to U.S. Energy Practice
Jan 5 2015 // Insurance and reinsurance broker JLT Specialty Insurance Services Inc., a U.S. subsidiary of Jardine Lloyd Thompson Group plc., announced the appointment of five additional specialists to its Houston-based energy risk...
USI Insurance Services Launches Terrorism Insurance Underwritten by Lloyd’s
Dec 24 2014 // USI Insurance Services has launched a new terrorism insurance product to address the expiring Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which ends Dec. 31. Unlike TRIPRA however, USI’s Terrorism...
Top 10 Casualty Insurance Trends for 2015: Marsh
Dec 17 2014 // While casualty insurance rates remain stable overall and new capacity continues to enter the market, certain classes of business continue to be difficult to place, according to Marsh’s U.S. Casualty Practice. The...
IFG Cos. Hires Fann as Excess & Umbrella Division VP in Atlanta
Dec 16 2014 // IFG Cos. in Burlington, North Carolina, has hired Tiffany Riggins Fann as vice president in its Excess and Umbrella Division. Fann will be based in IFG’s Atlanta office. Fann brings 15 years of specialty casualty...
RLI Promotes Drees to VP, Casualty Brokerage
Dec 12 2014 // Peoria, Ill.-based specialty insurer RLI Corp. has promoted Dennis Drees to vice president, casualty brokerage. Drees will lead RLI’s primary and excess/umbrella surplus lines business units. Drees joined RLI in 1994...
Specialty Insurer James River Raises $231M in IPO
Dec 11 2014 // James River Group Holdings Ltd., the specialty insurer backed by hedge fund company D.E. Shaw & Co. and Goldman Sachs Group Inc., raised $231 million in an initial public offering, pricing its shares below the marketed...
Lloyd’s Appoints Parry as New Director of Finance
Dec 11 2014 // The Council of Lloyd’s has appointed John Parry as Lloyd’s Director of Finance with immediate effect. He will also become a member of the Lloyd’s Franchise Board. Parry has been acting Director of Finance...
Lloyd’s Underwriter Pioneer Special Risk Expands to New York
Dec 10 2014 // Pioneer Underwriters announced that its Pioneer Special Risk (PSR), led by President Gary Dubois, has commenced underwriting via its New York based division. The bulletin explained that “Pioneer Special Risk has been...
Berkshire Hathaway Specialty Insurance Enters Singapore, Names Key Leaders
Dec 8 2014 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has received its non-life insurance license in Singapore, and named Marc Breuil as regional president, Marcus Portbury as head of third party lines, and Peter...
