Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Diverging Views: Is COVID a One-Off Catastrophe or Not?
Jun 5 2020 // While reinsurers are “open for business” and insurers and reinsurers are reporting the impacts of COVID-19 as a one-off catastrophe impacting earnings rather than capital, equity markets are viewing the...
Former California Surplus Line Chair Grant Was a ‘Determined Leader’
Jun 2 2020 // Donald W. Grant served as the chair of the board of directors for the Surplus Line Association of California, was involved in the wholesale brokerage community and founded a managing general agency. Grant died on May...
How COVID-19 Court Lockdowns May Turn the Social Inflation Tide
Jun 2 2020 // Defense attorney Ellen Greiper reported receiving more than the usual number of phone calls from plaintiffs attorneys earlier this month, suggesting that the call dynamics could be signaling a COVID-driven change in social...
Lloyd’s Canada Appoints Former AIG Executive Lipman as President
Jun 2 2020 // Lloyd’s announced the appointment of Marc Lipman as president, Lloyd’s Canada, and attorney-in-fact (AIF) for Lloyd’s Underwriters. Lipman assumes the role of AIF from Lisa Duval, who took the position...
Skuld to Sell Lloyd’s Syndicate 1897 to Legacy Specialist RiverStone
Jun 2 2020 // Skuld, the marine insurance provider, announced it has reached an agreement with legacy specialist The RiverStone Group for the sale of its Lloyd’s Syndicate 1897, which was placed into run-off in July...
DUAL Specialty Underwriting Adds Black to Management Liability Team in Tennessee
May 28 2020 // DUAL Specialty Underwriting (DSU), the Management Liability division of DUAL North America, has added Heather Black as a senior underwriter. Black will be located in Nashville, Tenn. Black brings nearly 18 years of...
PartnerRe Taps Meyenhofer as CEO Specialty Lines, Haft as CEO Global Cat
May 27 2020 // PartnerRe announced that the company will change responsibilities in its executive leadership for Specialty Lines and will create the new role of CEO Global Cat. Effective June 1, Philippe Meyenhofer will be appointed CEO...
Swiss Re Corporate Solutions Names Hunziker as APAC Head Property & Specialty
May 27 2020 // Swiss Re Corporate Solutions has appointed Robert Hunziker as Asia Pacific Head Property & Specialty, effective Sept. 1, 2020. In this role, Hunziker will be responsible for providing underwriting leadership, portfolio...
Houston International Insurance Group Appoints Robinson as CEO
May 26 2020 // Andrew Robinson has been named chief executive officer at Houston International Insurance Group Ltd. (HIIG). Robinson takes over from HIIG’s founder and outgoing CEO, Stephen L. Way, who has resigned as chairman of...
For Third Point Re, COVID-19 Crisis Hurts, but It Celebrates 1st Underwriting Profit
May 20 2020 // Third Point Re reported a net loss of $183.6 million for the first quarter of 2020 due to COVID-19-related investment volatility – but the company still had big reasons to celebrate. For the first time since its...
Insurer Beazley Raises $300M to Strengthen Balance Sheet on COVID-19 Uncertainties
May 19 2020 // Beazley, the Lloyd’s specialist insurer, announced it raised £247 million (approximately $300 million) in capital via an equity placement designed to strengthen its balance sheet as a result of the continuing...
Texas Surplus Lines Premium in April Rises to $741.68M
May 14 2020 // Texas surplus lines premium during the month of April 2020 reached $741.68 million, according to the Surplus Lines Stamping Office of Texas (SLTX). This is a 14.8% increase over the same period in 2019, SLTX...
Lloyd’s Insurer Antares Names Campbell as Head of Specialty, Succeeding Taylor
May 14 2020 // Antares, the Lloyd’s managing agent and subsidiary of QIC Global, announced the appointment of Martin Campbell as head of Specialty at Antares Syndicate 1274, effective May 12, 2020. Reporting to Alexander Craggs,...
Lloyd’s Expects US$4.3B in COVID-19 Claims – On Par with Costs of 9/11 Terror Attacks
May 14 2020 // Lloyd’s of London revealed it will pay claims in the range of $3 billion to $4.3 billion as a result of the COVID-19 pandemic. This payout is on a par with the Sept. 11 terrorist attacks, which cost the Lloyd’s...
UK Insurer Brit and Google Collaborate to Launch 1st Fully Digital Lloyd’s Syndicate
May 13 2020 // Brit Ltd. announced plans to launch Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, in collaboration with Google Cloud. Launching in 2021, Ki will be a “follow-only” syndicate,...
Insurers Zurich and Chubb Raise Cover for Canada Oil Sands Pipeline: Filings
May 13 2020 // Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show. The Trans Mountain pipeline, which ships types of crude oil and...
DeCotis Specialty Insurance Hires Bergstrom as a Broker Based in Rhode Island
May 12 2020 // DeCotis Specialty Insurance has hired Jessica Bergstrom as a broker based in its Providence, R.I., office. Bergstrom has more than 20 years of experience as an underwriter in both standard and surplus lines markets. In her...
EC3 Brokers Launches Casualty and Cyber Specialty Division
May 12 2020 // EC3 Brokers announced the launch of its specialty division, with the appointment of Jonathon Lane as head of the division. Lane is joined by Dominic Toogood and Gary Moore. All three joined on May 1 and initially will...
Axon Launches Cyber Insurance Program for SMEs
May 11 2020 // Axon Underwriting Services, a specialty lines program administrator, has added CyberAdvantage to its suite of specialized insurance products for small to medium size enterprises (SME). The proprietary cyber liability...
Western Security Surplus Acquires Houston Surplus Lines
May 11 2020 // Western Security Surplus (WSS), part of the XPT Group, has acquired Texas-based Houston Surplus Lines (HSL). HSL is an excess and surplus lines general agency founded in 1994 and is currently managed by Barbara Partlow and...
