Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Virginia’s Kinsale Capital Group Announces Underwriting Promotions
Mar 20 2020 // Kinsale Capital Group Inc. has announced four underwriting promotions. Patrick L. Dalton was named senior vice president of Casualty, John R. Bowen Jr. was named vice president of Construction, Jason E. Hoover was named...
Analyst Says Specialty P/C Insurers More Likely to See Business Interruption Losses
Mar 19 2020 // The original property/casualty insurance industry reaction that business interruption losses may be modest may have been too optimistic, according to a leading insurance analyst. KBW’s Meyer Shields believes that the...
Texas Stamping Office Still Processing Policies, Fees Amid Pandemic Precautions
Mar 19 2020 // Its employees are now working remotely but the Surplus Lines Stamping Office of Texas (SLTX) reports that all duties and responsibilities, including policy processing and fee collections, continue to be met. SLTX said it...
Lloyd’s Closes London Underwriting Room in Response to Coronavirus Crisis
Mar 19 2020 // After conducting a successful stress-test last week of its electronic trading system, Lloyd’s has made the decision to close its underwriting room in response to the coronavirus outbreak. As a result, market insurers...
Lloyd’s Asks Market Insurers to Provide Estimates for Coronavirus Losses
Mar 18 2020 // Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus, a spokesman said on Tuesday, to help the insurance market understand its possible...
Integrated Specialty Coverages Acquires Access Partners in California
Mar 17 2020 // Integrated Specialty Coverages has acquired Sacramento, Calif.-based Access Partners Insurance Services LLC. Terms of the deal were not disclosed. ISC is a technology-enabled General Agency backed by affiliates of Two...
Meetings Update: Target Markets Mid-Year Called Off; RIMS Cancels Conference
Mar 16 2020 // The Target Market Program Administrators Association has become the latest insurance organization to cancel a meeting. TMPAA Executive Director Ray Scotto announced that the 2020 TMPAA Mid-Year Meeting planned for Tampa on...
Canopius Acquires Bermuda-Based Specialty Reinsurer Multi-Strat Holdings
Mar 16 2020 // Canopius Group Ltd. has purchased a majority stake in Bermuda-based Multi-Strat Holdings Ltd. Financial details of the transaction were not disclosed. MultiStrat is a specialty reinsurance group that writes both...
Prepared Insurance of Florida to be Acquired by Lighthouse Property Insurance Corp.
Mar 16 2020 // Lighthouse Property Insurance Corp. plans to acquire its sister carrier, Prepared Insurance Company (Prepared), from Prepared Holdings Group. Lighthouse is a Louisiana-domiciled property and casualty insurance carrier...
Meetings Update: RIMS Cancels 2020 Annual Conference; IICF Postpones Events
Mar 14 2020 // For the first time in the Risk and Insurance Management Society’s 70-year history, it is not going to have its annual conference. The RIMS 2020 Annual Conference & Exhibition scheduled for May 6 in Denver has...
Lloyd’s Market Association to Close Office in Response to COVID-19
Mar 13 2020 // The Lloyd’s Market Association (LMA) is closing its office from Tuesday March 17 until the end of March in response to the COVID-19 outbreak. While its “Work From Home Business Continuity Plan” is...
Dubai’s IGI Bermuda to Begin Writing E&S in U.S.
Mar 13 2020 // Dubai, United Arab Emirates-based International General Insurance Holdings said that its Bermuda subsidiary, International General Insurance Co., has been granted provisional approval to begin writing U.S. excess and...
Meetings Update March 13: No In-Person Audience for Buffett’s Annual Meeting
Mar 13 2020 // Warren Buffett, CEO, said there will be a Berkshire Hathaway annual meeting as usual on May 2 but it will be unusual in that it will not be attended by thousands of shareholders, employees and media representatives as in...
Update March 12: Insurance Conferences Canceled, Postponed, Going Virtual
Mar 12 2020 // The roster of insurance-related conferences being canceled, postponed or moved to virtual due to the coronavirus threat keeps changing. Here is an updated list: March Property Liability Research Bureau (PLRB) called off...
Lloyd’s to Shut London Building for Coronavirus Stress-Test – But Trading Will Continue
Mar 12 2020 // Lloyd’s is shutting its London underwriting room at 1 Lime Street for one day for a contingency planning exercise in response to the coronavirus outbreak. Starting at midnight tonight and for 24 hours, Lloyd’s...
Updated Upcoming Insurance Event Cancellations: NAIC, WSIA, Cannabis, CFA…
Mar 10 2020 // The number of industry-related conferences being cancelled, postponed or moved to virtual platforms in response to the coronavirus threat is growing. The Wholesale and Specialty Insurance Association (WSIA) has joined the...
Surplus Lines Association of California Makes Executives Staff Moves
Mar 9 2020 // The Surplus Line Association of California announced on Monday that Pat McAuley, who had served most recently as the senior vice president for the education and compliance department, officially retired on Feb. 28 after...
Surplus Lines Late Filing Report for 2019 to Be Generated on March 19
Mar 9 2020 // The Surplus Lines Stamping Office of Texas (SLTX) said its late filing report, which lists all Texas surplus lines policies that were not timely filed in 2019, will be generated on March 19, 2020. Policies are considered...
Brandon Named Executive Director of Texas Surplus Lines Stamping Office
Mar 6 2020 // Greg Brandon has been appointed executive director of the Surplus Lines Stamping Office of Texas (SLTX). His appointment is effective March 9, 2020. Brandon succeeds Don Meyer, who has served as interim executive director...
European Banks, Lloyd’s of London Develop Coronavirus Contingency Plans
Mar 5 2020 // Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the financial industry braces for disruption from the rapidly spreading coronavirus outbreak. For many companies it...
