Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
BMS Acquires Spanish Specialty Broker Eisenar
Dec 7 2022 // BMS, London-based independent specialty insurance and reinsurance broker, announced it has signed a deal to acquire Eisenar, the Spanish specialty insurance broker. The terms of the acquisition were not disclosed. Eisenar...
People Moves: Bailey Named Chair of Aon UK Ltd. Board; AXA XL Promotes Casby to Head of Upstream Energy, UK & Lloyd’s
Dec 6 2022 // Bailey Named Chair of Aon UK Ltd. Board Aon plc, a leading global professional services firm, today announced that it has named Marshall Bailey as non-executive chair of the Aon UK Limited Board, effective Jan. 31,...
Howden Acquires Australian Specialty Broker AlphaXO Risk Partners
Dec 1 2022 // Howden, the London-based insurance broker, announced it has increased its shareholding to 100% in AlphaXO Risk Partners, an Australian specialty insurance broker. Financial details of the deal were not...
U.S. E&S Premiums Continue Growth in 2022: S&P
Nov 30 2022 // According to an analysis by S&P Global Market Intelligence, the U.S. excess and surplus market continued to grow in 2022, surging $37.6 billion in premiums during the first six months. Direct written premiums in the...
People Moves: Liberty Specialty Mkts Names Intact’s Conran as CUO; Arch Taps WTW’s Bradley as Cyber U/W; Rokstone’s iFarm Underwriting Recruits from Marsh, Geo
Nov 21 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets, Arch Insurance International, and Rokstone’s iFarm Underwriting. A summary of these new hires follows here. Liberty...
Lloyd’s of London Estimates Claims From Hurricane Ian of US$2.3B-US$3B
Nov 21 2022 // Lloyd’s announced that the market’s claims from Hurricane Ian are estimated to be in the range of US$2.3 billion – US$3 billion, net of reinsurance, based on Q3 data provided by Lloyd’s...
Risk Strategies Acquires Texas’ Wallace Specialty
Nov 17 2022 // Risk Strategies, a national specialty insurance brokerage and risk management firm, announced it has acquired Wallace Specialty Insurance Group. Terms of the deal were not disclosed. Based just outside of Dallas in...
Ryan Specialty Transactional Risks International Opens Office in Copenhagen
Nov 16 2022 // Ryan Specialty announced that Ryan Specialty Transactional Risks International has expanded their presence with an office in Copenhagen, Denmark, which is the business’ fourth office. Transactional Risks...
Understory, Skyward Specialty Launch Insurance Captive Solution for Auto Dealer Market
Nov 15 2022 // Understory Inc. a Madison-Wisconsin provider of innovative insurance solutions for climate risk, and Skyward Specialty Insurance Group Inc., a Houston-based specialty insurance company, have partnered to launch a new...
Antares Bermuda Receives Approval From Lloyd’s to Write Business as Coverholder
Nov 15 2022 // Antares announced that Antares Global Management (Bermuda) Ltd. (AGML Bermuda) has received approval from Lloyd’s to operate as a Lloyd’s in-house coverholder. This will enable AGML Bermuda to write...
People Moves: Everest Re Taps AXA XL’s Mann to Lead Casualty, UK; RenRe Promotes Marra to CUO; Lockton Re Names Aon’s Ryan for Retrocession & Property Specialty
Nov 10 2022 // This edition of International People Moves details appointments at Everest Re, RenRe and Lockton Re. A summary of these new hires follows here. Everest Re Names AXA XL’s Mann Head of Casualty, UK Branch Everest...
By Modeling Players’ Insurable Values, Lloyd’s Predicts England Will Win World Cup
Nov 10 2022 // Lloyd’s of London predicts that England will beat Brazil and emerge victorious at the 2022 FIFA World Cup – with France, Argentina and Spain falling just behind. Lloyd’s is going for a hat-trick of...
People Moves: Former W.R. Berkley CUO Hired by ZestyAI; WTW Hires in Corporate Risk, Aerospace; New EVP at Ryan Specialty NSP
Nov 9 2022 // Link Nabbed by ZestyAI as Head of Customer Success Cathy Link has joined ZestyAI as vice president of customer success. Link, a seasoned insurance industry leader, and former chief underwriting officer of the W. R. Berkley...
Lloyd’s Broker Servca Acquires MedMal Specialist Medicas
Nov 8 2022 // Independent Lloyd’s retail broker Servca Group announced the acquisition of Medicas, an independent insurance specialist that offers a wide range of medical indemnity, medical malpractice and healthcare liability...
Specialty Program Group Acquires Texas’ Catapult
Nov 3 2022 // Specialty Program Group, an operator of specialty insurance brokerages and underwriting facilities, announced the acquisition of the assets of Catapult Insurance Solutions. Based in Carrollton, Texas, Catapult is a...
Lloyd’s Insurer Ascot Resumes Quoting Cargo Insurance for Black Sea Grain Shipments
Nov 2 2022 // Lloyd’s of London insurer Ascot is once again quoting on its cargo insurance facility for the Black Sea grain corridor, the facility’s lead underwriter said on Wednesday after Russia announced it would resume...
Update: Lloyd’s Insurer Ascot Pauses Writing New Cover for Ukrainian Grain Shipments
Oct 31 2022 // Lloyd’s of London insurer Ascot is suspending writing cover for new shipments using the Ukrainian grains corridor in the Black Sea until it has more clarity about the situation there, a senior official said on...
W.R. Berkley Forms E&S Solutions Unit
Oct 28 2022 // W. R. Berkley Corporation has formed Berkley E&S Solutions, a new business unit that will provide surplus lines casualty coverages to middle-market and large accounts through individual wholesale broker...
Dubai Aerospace Sues 11 Insurers, Including Lloyd’s, AIG, Chubb, for Jets Stuck in Russia
Oct 28 2022 // Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd’s of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19...
People Moves: HDI Global Specialty UK Promotes Wilcox in DA; Howden RE Hires 3 From Aon for New Disability, L&H Reins. Unit; IQUW Taps Volante’s Waltier for Prof. Lines
Oct 25 2022 // This edition of International People Moves details appointments at HDI Global Specialty, Howden RE and HDI Global Specialty. A summary of these new hires follows here. HDI Global Specialty UK Promotes Wilcox as Director of...
