Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Business Moves: Ryan Specialty Acquires MGU Specialist; Clear Buys UK’s CoverMarque
Nov 6 2024 // Ryan Specialty, the Chicago-based specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments. Financial details of the deal were not...
Monarch E&S Acquires Texas’ Professional Insurance Executives
Nov 4 2024 // Monarch E&S Insurance Services (Monarch E&S), a division of Specialty Program Group LLC, announced its strategic acquisition of the assets of Professional Insurance Executives, Inc. (PIE), a leading contract...
People Moves: Aon Underwriting Managers Appoints LSM’s Clapham as CUO; Lloyd’s Taps Aviva’s Adams as Chief People Officer, Succeeding Gomez
Nov 4 2024 // This edition of International People Moves details appointments at Aon Underwriting Managers and Lloyd’s of London. A summary of these new hires follows here. Aon Underwriting Managers Appoints LSM’s Clapham as...
Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s
Nov 4 2024 // The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a hypothetical geopolitical conflict causing widespread disruption to global trade patterns and supply chains,...
People Moves: Rivera Appointed CEO of Marsh McLennan LATAM/Caribbean, Brockman Named Chair; HDI Global Taps AGCS’s Strasser as Board Member for Specialty Lines
Oct 31 2024 // This edition of International People Moves details appointments at Marsh McLennan Latin America and HDI Global. A summary of these new hires follows here. Rivera Appointed CEO of Marsh McLennan LATAM and Caribbean,...
Clear Group Acquires Lilley Plummer Risks, Entering Wholesale Lloyd’s Broker Space
Oct 29 2024 // Clear Group, the UK independent insurance broker that is owned by Private Equity at Goldman Sachs Alternatives, has entered the wholesale Lloyd’s broker space with the acquisition of Lilley Plummer Risks Ltd., a...
People Moves: Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK & MENA; Howden Re Announces 4 Senior Appointments in Germany
Oct 24 2024 // This edition of International People Moves details appointments at Liberty Specialty Markets and Howden Re. A summary of these new hires follows here. Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims...
Markets/Coverages: Lloyd’s Launches Disaster Resilience Vehicle for Small Island Developing States
Oct 24 2024 // Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has launched disaster resilience vehicle with the United Nations Capital Development Fund (UNCDF) to deliver disaster risk financing to...
Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal
Oct 21 2024 // Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7 — its best interim results in 17 years — does this mean the hard market cycle is ending? During a media...
Lloyd’s Focuses on Delegated Authority Arrangements as Looming Market Risk
Oct 21 2024 // While the Lloyd’s market reported its best first-half profit in 17 years, it isn’t resting on its laurels. It is carefully monitoring areas where potential vulnerabilities have been identified. During a recent...
People Moves: Tokio Marine HCC Appoints Perez to Launch US Excess Casualty Business
Oct 17 2024 // Tokio Marine HCC (TMHCC), based in Houston, Texas, has announced the expansion of its specialty product offering with its entry into the Excess Casualty market. David Perez has been appointed as President, Excess Casualty,...
People Moves: LM Re Taps Vantage Risk’s Sweeney as Specialty Casualty Underwriting Mgr; Marsh Promotes Thomas-Ferrand to Lead Captive Insurance as Charnley Retires
Oct 17 2024 // This edition of International People Moves details appointments at Liberty Mutual Reinsurance and Marsh. A summary of these new hires follows here. LM Re Taps Vantage Risk’s Sweeney as Specialty Casualty Underwriting...
People Moves: Aon Reinsurance Solutions Announces New Senior Leadership Roles; Ryan Specialty Underwriting Managers Int’l Hires 3 in Leadership Team
Oct 16 2024 // This edition of International People Moves details appointments at Aon and Ryan Specialty Underwriting Managers International. A summary of these new hires follows here. Aon Announces New Senior Leadership Roles in U.S....
MIC Global Applies to Become Lloyd’s Coverholder for Greenlight Re’s Syndicate 3456
Oct 11 2024 // MIC Global (MIC), the full-stack embedded micro insurance provider, announced it has applied to become a Lloyd’s coverholder for Greenlight Re’s Syndicate 3456, subject to applicable approvals. This strategic...
Markets/Coverages: AEGIS London-Led Lloyd’s Consortium Launches $25M Miner Rescue Insurance Cover
Oct 10 2024 // The Lloyd’s insurance market’s only product writing cover for the rescue of miners trapped underground has more than doubled its available cover from $10 million to $25 million with a launch of a new consortium...
Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s
Oct 10 2024 // The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a hypothetical geopolitical conflict causing widespread disruption to global trade patterns and supply chains,...
Munich Re Specialty to Enter Spanish Insurance Market
Oct 10 2024 // Munich Re Specialty announced it is entering the Spanish commercial market for primary specialty insurance, with an aim to begin underwriting in 2025. It has set up a Spanish branch of Munich Re Risk Solutions Ireland...
Lloyd’s of London Must Stop Supporting Fossil Fuel Expansion, NGO Says
Oct 10 2024 // The Lloyd’s of London market is undermining climate action and should impose binding rules to prevent insurers supporting fossil fuel expansion, NGO Reclaim Finance said on Wednesday. Some European insurers,...
The Rapid Growth of the Surplus Lines Market – What’s Brewing Podcast (Episode 3)
Oct 8 2024 // This post is part of a series sponsored by IAT Insurance Group. In this episode, EVP of Excess and Surplus Coy Rudd discusses marketplace conditions, IAT Insurance Group’s appetite and growth, and recent successes...
People Moves: Ryan Specialty Underwriting Managers Appoints Leadership Team Members
Oct 4 2024 // Eric Quinn Ryan Specialty, headquartered in Chicago, named new leadership within its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). Eric Quinn was promoted to executive vice president –...
