Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Promotes Miesowitz to Succeed Retiring Gunset as U.S. General Counsel
Mar 4 2020 // Lloyd’s of London has promoted Sabrina Miesowitz to U.S. general counsel to succeed Joe Gunset who is retiring from the role after almost 20 years at Lloyd’s. Miesowitz, who was formerly the deputy U.S. general...
Texas Insurer Hallmark Financial Exiting Binding Primary Commercial Auto Business
Mar 3 2020 // Citing loss development for prior underwriting years, Dallas-based specialty property/casualty insurer Hallmark Financial Services Inc., is exiting its Binding Primary Auto business. The commercial auto product the company...
Markel to Combine Two Divisions to Create Markel Specialty
Mar 2 2020 // Markel is combining its Markel Specialty and Markel Assurance divisions into one division called Markel Specialty, which launches on April 1. The new division will preserve the company’s current regional model and...
Lloyd’s Launches Cryptocurrency Wallet Insurance Policy
Mar 2 2020 // Lloyd’s has launched an insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks. The first of its kind liability policy, with flexible limits from as little as £1,000...
Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention
Mar 2 2020 // The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most...
AIG Taps Hancock from Lloyd’s as CEO of International General Insurance
Feb 27 2020 // American International Group Inc. announced that Jon Hancock has been appointed chief executive officer, International General Insurance. In this role, Hancock will lead the International operations of AIG’s General...
Future-at-Lloyd’s Modernization Project Moves from Blueprint to Construction
Feb 26 2020 // Since Lloyd’s first announced the blueprint for its Future at Lloyd’s project on Sept. 30, it has been busy working to get the ideas off the page and convert them into a set of actions that can be implemented...
Specialty Broker Shares Thoughts on Today’s Marina Market
Feb 24 2020 // Barbara Galgiani has spent her entire career specializing in both recreational and commercial marine industry – marinas, boat yards, hospitality, excursion boats and marine contractors. Roughly 90% of her revenue...
New Rules Open Doors for Licensing Military Spouses as Surplus Lines Agents in Texas
Feb 24 2020 // Texas has increased the eligibility of military spouses to be licensed as a surplus lines agent in the state, according to the Surplus Lines Stamping Office of Texas (SLTX). Under new rules adopted by the Texas Department...
Everest Insurance Adds 4 Underwriters to E&S Casualty Excess Group
Feb 19 2020 // Everest Insurance has added four underwriters within its Excess & Surplus Casualty Excess group. The new members of the group include: Kelly Doyle, who joins Everest as a senior underwriter based in the company’s...
Surplus Line Association of California Elects 2020 Board
Feb 18 2020 // The members of the Surplus Line Association of California have elected Terri Moran of Paul Hanson Partners as chair of the SLA board of directors. Moran’s election became official at the SLA annual meetings on Feb. 4...
Chubb Expands Incident Reporting Tool to Excess Casualty Clients
Feb 18 2020 // Chubb has expanded access of its Incident Alert tool to its Excess Casualty clients during catastrophic events. The tool, which has previously been used by Chubb environmental and cyber customers, now can assist Excess...
HCI Approved by Florida Regulator to Replace Anchor P&C Coverage for 43K Insureds
Feb 18 2020 // The Florida Office of Insurance Regulation has approved a plan for Homeowners Choice Property and Casualty Insurance Company, a subsidiary of HCI Group, to provide replacement policies for Anchor Property and Casualty...
SLTX: Texas Adopts Updated Surplus Lines License Rules for Military Spouses
Feb 14 2020 // The Surplus Lines Stamping Office of Texas (SLTX) reported that new rules for surplus lines agents in Texas who are military spouses have been adopted by the Texas Department of Insurance (TDI) and became effective Feb. 6,...
Members of Lloyd’s New Cultural Advisory Group Include Mental Health Specialists
Feb 13 2020 // Lloyd’s has announced the membership of its new, independent Culture Advisory Group, which has been set up as part of its action plan to drive long-term cultural changes in the market. Lloyd’s started its...
Insurers Rush to Exclude Coronavirus Epidemic from Event-Cancellation Protection
Feb 13 2020 // Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the new coronavirus outbreak, industry sources said, as insurers rush to exclude the epidemic from their...
Ohio’s McGowan, Allied Specialty Partner on Amusement/Entertainment Insurance
Feb 13 2020 // Fairview Park, Ohio-based The McGowan Companies has entered into a joint venture with Allied Specialty Insurance Inc., a subsidiary of AXA’s property/casualty and specialty risk division, AXA XL, forming McGowan...
HDI Global Specialty Appoints Kangasniemi as Head of Airline
Feb 11 2020 // HDI Global Specialty SE, the specialty lines insurer, has promoted Frida Kangasniemi to the role of head of Airline. She replaces Thomas Broms in the role who retired at the end of last year. Kangasniemi was previously...
AM Best: Florida Insurers Brace for Challenging June Reinsurance Renewals
Feb 11 2020 // Although the 2019 hurricane season did not have a significant impact on Florida, loss creep from prior storms continues to weigh on reinsurers, leading to a likely rise in rates for the upcoming June renewal period. As...
20 Things to Know About Surplus Lines Insurance in 2020
Feb 10 2020 // As we embark upon a new decade, the surplus lines insurance market has never been stronger. Growth in specialty products and demand for insurance protection in an increasingly dynamic, technological climate necessitates a...
