Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
ArgoGlobal Names Shallow Head of Int’l Specialty, MacDonald Head of Non-U.S. Casualty
Jan 14 2020 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the appointment of Jeremy Shallow as head of International Specialty and Ross MacDonald as head of non-U.S. International Casualty. Shallow reports...
SLTX: Texas E&S Premium Up 14.3% in 2019
Jan 9 2020 // The Surplus Lines Stamping Office of Texas (SLTX) reports that excess and surplus lines premium (E&S) in Texas reached $6.95 billion in 2019, a 14.36% increase over 2018’s premium total of $6.08 billion. The past...
Coverys European Holdings Buys AEC SpA, Rome-Based Lloyd’s Coverholder, Broker
Jan 9 2020 // Coverys European Holdings Ltd. (CEH), the London-based agency platform that invests in managing general agencies (MGAs) in Europe and the U.K., announced it acquired AEC SpA, a Lloyd’s coverholder, broker, third...
Veteran Aon Executive Fitzgerald Joins QBE North America Specialty & Commercial
Jan 9 2020 // A long-time Aon executive is signing on with QBE North America as its new president of Specialty & Commercial. Tom Fitzgerald is taking on the new position in February 2020 after being with Aon Risk Solutions for more...
Ex-Lexington Insurance Exec Heads New National Specialty Broker One80
Jan 8 2020 // One80 Intermediaries, a national wholesale insurance broker and program manager headquartered in Boston and built through acquisitions, officially launched Tuesday, offering placement and in-house binding services for...
Rehabilitation of Florida Insurer Windhaven Deemed ‘Useless’; Judge Orders Liquidation
Jan 7 2020 // Plans to rehabilitate Florida auto insurer Windhaven Insurance Co. have been deemed “useless” and the company will instead be liquidated. In a Jan. 6 order, Leon County Court Judge Ronald W. Flury said the...
American Financial Group Decides to Exit Lloyd’s, Putting Neon into Run-off
Jan 7 2020 // American Financial Group (AFG) disclosed it will exit the Lloyd’s of London insurance marketplace in 2020, which it joined in 2008 through an acquisition. AFG will place its Lloyd’s subsidiaries including its...
Nexus Specialty to Offer Admitted Trade Credit Products through Crum & Forster
Jan 7 2020 // Nexus Specialty Inc., part of MGA Nexus Group, has formed a new program agreement with Crum & Forster that allows Nexus to underwrite their trade credit products on a fully admitted basis in the U.S. Nexus Specialty...
FEMA Renews $1.3 Billion Reinsurance for Flood Program with 27 Carriers
Jan 6 2020 // The Federal Emergency Management Agency (FEMA) FEMA reported its 2020 traditional reinsurance placement for the National Flood Insurance Program (NFIP) in a transaction in which 27 private reinsurers assumed $1.33 billion...
Tysers (a.k.a. Integro) Completes Acquisition of Specialist Lloyd’s Broker RFIB
Jan 6 2020 // Integro Insurance Brokers Holdings Ltd., the parent of U.K.-based firm Integro Insurance Brokers Ltd., which trades under the Tysers brand, announced it has completed its acquisition of Risk Transfer Group (RTG), the...
U.K. MGA Optio Buys Political Violence and Terrorism MGA, Newbridge Risk Partners
Jan 3 2020 // Optio, the London-based MGA that comprises Ascent Underwriting, Cove Programs and broker Bay Risk Services, announced it has acquired specialist political-violence and terrorism MGA Newbridge Risk Partners from Castel...
Commercial Lines Insurtech Bold Penguin Acquires E&S Brokerage Tech Platform xagent
Jan 2 2020 // Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for standard and surplus lines business insurance...
Texas Surplus Lines Association Warns of Fake Email
Dec 31 2019 // The Texas Surplus Lines Association is warning its members of a fake email that has been sent out under the name of TSLA President Jennifer Mier. TSLA is urging members not to respond to the email. In an emailed message,...
Program Underwriters Seek ‘New, New’ Spaces While Administrators Embrace Insurtech
Dec 31 2019 // Fueled by efficiencies introduced by insurtechs and underwriters’ interest in niche classes, the insurance program business has experienced impressive growth the last few years. But heavy interest is also forcing...
Bank of England Enhances Scrutiny of Lloyd’s Whistleblower Systems
Dec 23 2019 // The Bank of England has stepped up its monitoring of Lloyd’s of London’s whistleblowing systems, the central bank said on Monday, after reports this year about sexual harassment and bullying at the 330-year old...
Specialty Property Program Team of Blue River Underwriters Welcomes James D. Skelton
Dec 20 2019 // Atlanta, GA, December 20, 2019 — Blue River Underwriters, a Breckenridge Insurance Group company, announces the hiring of James D. Skelton, underwriter, to the specialty property program team based in Glen Allen,...
Hiscox’s Rubin Joins Liberty Specialty Markets as Head of Terrorism Underwriting
Dec 19 2019 // Liberty Specialty Markets (LSM) has appointed Jennifer Rubin to a newly-created role as senior underwriting executive and head of Terrorism Underwriting in North America. Rubin was formerly senior vice president, head of...
Florida Auto Insurer Windhaven Placed Into Rehabilitation
Dec 17 2019 // The future of another Florida domestic insurer is now in the hands of state regulators. Non-standard private passenger auto insurer Windhaven Insurance Co. (WIC), based in Miami, has been placed into rehabilitation by a...
Concord Specialty Risk Hires Edgette in New York as VP of Tax Insurance Underwriting
Dec 13 2019 // Concord Specialty Risk has hired Matthew Edgette as vice president of Tax Insurance Underwriting, where he will take on a leading role in Concord’s Tax Insurance practice. Edgette will be based in New York, N.Y. For...
Former Lloyd’s CEO Beale, Grant Thornton CEO Chipman Join Clyde Law Firm Board
Dec 11 2019 // Insurance law firm Clyde & Co has appointed two independent board members to its management board – the first such positions at the firm. Former Lloyd’s of London CEO Dame Inga Beale and former Grant Thornton...
