Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
How Lloyd’s Underwriters Are Viewing Today’s U.S. Casualty Insurance Environment
Nov 19 2020 // Today’s Lloyd’s of London market for casualty insurance is marked by rising prices, reduced capacity, and buyers embracing more self-insurance, according to underwriters at Lloyd’s. It is also marked by...
Intact, Resilience Insurance to Provide Cyber Risk Coverage, Services
Nov 19 2020 // Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s (IFC) U.S. insurance company subsidiaries, has launched cyber insurance options that will be offered in partnership with program...
Enstar to Sell Starstone’s Lloyd’s Managing Agency to New Re/Insurance Venture Inigo
Nov 18 2020 // Enstar Group Ltd. and Stone Point Capital LLC announced they have signed definitive agreements to sell StarStone Underwriting Ltd. (SUL), the Lloyd’s managing agency, together with the right to operate Lloyd’s...
Gray Surplus Lines Insurance to Launch Dec. 1 in Louisiana
Nov 18 2020 // Metairie, La.-based Gray Insurance Co. is expanding its excess casualty capabilities with the launch of Gray Surplus Lines Insurance Co. on Dec. 1, 2020. Domiciled in Louisiana and with an A.M. Best rating of A-...
Hine Elected President of Texas Surplus Lines Association
Nov 17 2020 // Amicia Hine, executive vice president with Worldwide Facilities LLC, MHI-MGA Division, in San Antonio, has been elected president of the Texas Surplus Lines Association Inc. Justin Kotrla, senior vice president, Property,...
HIIG in Houston Rebrands as Skyward Specialty Insurance Group
Nov 17 2020 // Houston, Texas-based Houston International Insurance Group (HIIG) has changed its name to Skyward Specialty Insurance Group (Skyward Specialty). The company said the launch of the new Skyward Specialty brand is one of many...
Specialty Re/Insurer Convex Group Raises $1B in Additional Capital
Nov 17 2020 // Specialty insurer and reinsurer Convex Group Ltd. announced it has secured commitments for an additional $1.0 billion of equity capital, subject to the requisite regulatory approvals. Bermuda-based Convex launched in April...
Obsidian Specialty Insurance Company Receives A- Rating from AM Best
Nov 16 2020 // AM Best has assigned the recently-formed excess and surplus (E&S) lines insurer, Obsidian Specialty Insurance Company, a financial strength rating of A- (Excellent). Obsidian Specialty is a program fronting carrier...
Specialty Re/insurer Chaucer Launches Bermuda Reinsurance Branch for U.S. Business
Nov 16 2020 // Chaucer, the London-based specialty re/insurance group, announced the launch of a reinsurance branch in Bermuda to provide U.S. clients with greater access to its underwriting expertise and capacity. This follows the...
Kevelighan: Talks with Institutes on Creating 21st Century Triple III Began Years Ago
Nov 16 2020 // Affiliating with The Institutes provides an opportunity for the industry’s Insurance Information Institute (III) to become more of a 21st Century trade association, rather than one suited for the 1950s, according to...
Young E&S Professionals Face Toughest Market They Have Ever Seen
Nov 16 2020 // Wholesaler brokers of all ages are facing hard market conditions with rising insurance rates, tighter underwriting and fewer carriers willing to write some tough classes. They, like everyone, are also experiencing fewer...
Everest Insurance Promotes Wu to E&S Excess Casualty National Leader
Nov 13 2020 // Everest Insurance announced that Edward Wu has been promoted to the role of vice president and national leader, Excess & Surplus Excess Casualty. In this role, Wu will be responsible for strategy, underwriting...
EQ One Adds Earthquake Capacity, Expands Limits through Munich Re
Nov 13 2020 // EQ One, a West Coast earthquake insurance underwriter, has added additional capacity to its earthquake offering through Munich Re Specialty Insurance. This increased capacity will allow EQ One team to write larger...
Frank Winston Crum Expands GL, Excess Programs into N.C., S.C., Tenn.
Nov 12 2020 // Frank Winston Crum Insurance (FWCI) has launched general liability and excess liability insurance programs in North Carolina, South Carolina and Tennessee to coincide with its previously available worker’s...
Reiss Appointed President of International Bond & Marine Brokerage
Nov 12 2020 // James Reiss has been appointed as president of International Bond & Marine Brokerage Ltd. (IB&M), a brokerage providing risk management solutions to the international trade industry. The brokerage was recently...
Wright Specialty Insurance Introduces New Education Insurance Offering with Munich Re
Nov 12 2020 // November 12, 2020 – Garden City, NY – Wright Specialty Insurance, which provides a comprehensive suite of property and casualty insurance coverage and services for educational institutions nationwide, has expanded...
How Lloyd’s Underwriters Are Viewing Today’s U.S. Property Insurance Environment
Nov 12 2020 // While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd’s market who were in the process of increasing property insurance rates when the pandemic hit, the timing may...
Coverys Managing Agency Placing Lloyd’s Syndicate 1991 Into Runoff
Nov 12 2020 // Coverys Managing Agency Ltd. announced that its DTW Syndicate 1991 at Lloyd’s of London will stop accepting new and renewal business starting December 31, 2020. “Every effort has been made to implement...
Palomar Buys Renewal Rights to Hawaii Residential Hurricane Business from GeoVera
Nov 10 2020 // Palomar Specialty Insurance Co. has agreed to acquire the renewal rights to GeoVera’s Holding’s Hawaii residential hurricane policies. The transaction is expected to further deepen Palomar’s presence in...
Hamilton Promotes 3 at Lloyd’s Unit as Managing Agency CEO, CUO Resign
Nov 10 2020 // Hamilton Insurance Group announced three promotions in the leadership team at its Lloyd’s operations following the resignations of Hamilton Managing Agency Limited CEO Tim Glover and Chief Underwriting Officer David...
