Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
CAC Specialty Names Former Aon, JLT Specialty Executive Rice as CEO
Sep 23 2019 // Newly-launched specialty insurance broker CAC Specialty announced the appointment of Michael D. Rice II as its chief executive officer. Rice brings years of experience in the brokerage industry. Most recently, he served as...
Staying Profitable in an Increasingly Fragmented World: SCOR Global P&C CEO
Sep 23 2019 // There are several things that keep SCOR’s Jean-Paul Conoscente awake at night. Climate change is one of them; cyber risk is another. Only time will tell whether these risks are actually insurable, cautions...
Essary Out as Executive Director of Texas Surplus Lines Stamping Office
Sep 20 2019 // The Surplus Lines Stamping Office of Texas (SLTX) board of directors announced that SLTX Executive Director Norma Essary will separate from employment, effective Oct. 17, 2019. The board voted Sept. 17 to relieve Essary of...
Generali Launches U.S. Specialty Insurance Division, Focusing on Warranty Services
Sep 20 2019 // Generali US Branch, the U.S. arm of Generali Group, announced the launch of its Specialty Insurance Division, which will focus on providing warranty services and solutions. The Specialty Insurance Division will provide...
Lloyd’s to Open Miami Office to Expand Its Latin American and Caribbean Business
Sep 19 2019 // Lloyd’s plans to set up an office in Miami to support business development in the Latin American and Caribbean markets. “Latin America is a key market for Lloyd’s, with premium close to US$1.5...
Lloyd’s Expects ‘Sobering’ Results from Survey of Workplace Culture
Sep 18 2019 // Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the insurance market’s chairman said on Wednesday as a rise in investment income drove a...
Lloyd’s Names Sansom Chief Risk Officer, Announces Departure of Chief People Officer
Sep 18 2019 // Lloyd’s announced that David Sansom has been confirmed as chief risk officer, subject to regulatory approval. Sansom’s remit includes all areas of risk management within the Corporation of Lloyd’s as well...
Lloyd’s Returns to Profit in 1st Half After 2 Full Years of Losses
Sep 18 2019 // Lloyd’s of London, the world’s biggest insurance market, returned to profit in the first half after two full-year losses. The more than 300-year-old corporation made a profit before tax of 2.3 billion pounds...
Marsh Taps AIG’s Manson, Aon’s Mills for U.K. Mgmt Liability, Wholesale Placement Roles
Sep 17 2019 // Marsh, the insurance broker and risk adviser, announced the appointments of Stephanie Pestorich Manson as chief client officer for Management Liability and head of Directors’ & Officers’ (D&O) Product...
Specialty Lines Insurance: Innovating at the Edges of Society and the Economy
Sep 17 2019 // Emerging risks with little or no claims history can be notoriously difficult to underwrite—but many specialty lines companies are finding ways to put their toes in the water to insure these new risks, especially when...
The Remaking of Disgrace Insurance
Sep 16 2019 // As co-founder and chief executive officer of the predictive analytics firm Spotted, Janet Comenos knows a lot about famous actors, artists, athletes and celebrity advertising. Her Boston startup matches companies with...
Today’s E&S Market Is an ‘Overwhelming’ Success
Sep 16 2019 // Business Is Gushing, Underwriters Trying to Keep Up Demand for surplus lines insurance rose dramatically in 2018 and is continuing to expand this year, so much so that some in the sector are feeling a bit overwhelmed. The...
Surplus Lines: Innovation Incubator
Sep 16 2019 // The surplus lines marketplace is often viewed as the insurer of last resort, the marketplace for bad risks with poor loss records. But particularly in a time of great economic growth like now — we’re also the...
The Importance of a Healthy E&S Market
Sep 16 2019 // There is a special segment of the insurance industry that can be maligned at times because of how it operates, but it is critically important to a healthy insurance marketplace. That industry segment is the excess and...
Hardening Markets, Social Inflation, E&S Business: Berkley, AIG Execs Face Analysts
Sep 13 2019 // The commercial general liability line will be the next property/casualty line to harden, the chief executive of W.R. Berkley Corp. predicted at an industry conference. Speaking at the Keefe, Bruyette & Woods Insurance...
Liberty Specialty Markets Promotes Montoya to President of U.S., Bermuda and LatAm
Sep 12 2019 // Liberty Specialty Markets (LSM) announced the appointment of Alexander Montoya as president of U.S., Bermuda and LatAm, effective immediately. LSM also announced Wilhelm Schaugg has joined Montoya’s team. Wilhelm...
The Remaking of Disgrace Insurance
Sep 10 2019 // As co-founder and chief executive officer of the predictive analytics firm Spotted, Janet Comenos knows a lot about famous actors, artists, athletes and celebrity advertising. Her Boston startup matches companies with...
3 Industry Veterans Relish Fresh Start for Their Latest Legacy-Free Ventures
Sep 10 2019 // Although the insurance market is awash with capacity and competition, two new specialty companies—a re/insurer and a broker—formed earlier this year, aiming to create something new and different for their...
Partners General Insurance Agency Hires Farrell, Opens Connecticut Office
Sep 10 2019 // Partners General Insurance Agency (PGIA) has hired Thomas Farrell as senior vice president to start up its Connecticut branch of operations. Farrell will be writing on Ategrity Specialty Insurance Company paper which has...
Nephila Launches Independent Lloyd’s Managing Agency
Sep 10 2019 // Nephila Capital, the Bermuda-based specialist ILS re/insurer and investment manager, has received UK regulatory approval to establish its own Lloyd’s managing agency. The new entity, Nephila Syndicate Management Ltd....
