Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Must Demonstrate Progress in Tackling Sexual Harassment: Bank of England
Jun 19 2019 // The Bank of England called for Lloyd’s of London to demonstrate progress in tackling the insurance market’s culture of sexual harassment. The BOE’s director of insurance supervision Anna Sweeney said she...
Aspen Taps Brekenfeld from Lloyd’s as Director of Global Corporate Development
Jun 19 2019 // Aspen Insurance Holdings Ltd. announced that Joshua (Josh) Brekenfeld has been appointed director of Global Corporate Development. Brekenfeld joins Aspen from Lloyd’s of London where he spent six years in senior...
Tower Hill Specialty Adds Coverage Options in Mississippi
Jun 19 2019 // Tower Hill Specialty has further expanded into the Southeast and is now offering manufactured housing and dwelling fire insurance policies in Mississippi. Optional coverage features include equipment breakdown and service...
Lloyd’s of London Aims to Revamp Auto Coverage as Era of Driverless Cars Looms
Jun 18 2019 // Lloyd’s of London, the 330-year-old insurance market, is pushing to revamp auto coverage as the rise of driverless cars looms. Chief Executive Officer John Neal said that Lloyd’s is talking with automakers...
City of London Tackles Its Daytime Drink Problem – One Institution at a Time: Opinion
Jun 17 2019 // For most of the traders, bankers, lawyers and accountants who populate the City of London, the era of excessive daytime boozing is long gone. Pubs and pints have been replaced by coffee shops and lattes. Dealmaking...
PURE Programs Expands High Value Homeowners Coverage into 5 New States
Jun 17 2019 // PURE Programs has expanded its coverage for high value homeowners into Texas, Louisiana, Mississippi, Alabama, and Georgia. Across the region, PURE Programs will offer coverage for homes with a rebuilding cost of $1...
Reported Surplus Lines Premium Breaking Records in Texas This Year
Jun 17 2019 // Surplus lines premium in Texas has consistently broken records each month in 2019, according to data recorded by the Surplus Lines Stamping Office of Texas (SLTX). For the first five months of this year, each recorded...
Comparing Coverage: Umbrella and Excess Liability
Jun 17 2019 // Liability insurance protects the customer when something happens to someone else. Customers have liability exposures if they do something, sell something, have a place, go to a place or hire someone, among other...
Underwriters Get Picky: 5 Trends to Watch in Construction Insurance
Jun 17 2019 // Construction insurance specialists say their insurance market is strong with plenty of capacity and underwriters competing for the best accounts. According to specialists interviewed by Insurance Journal for their...
People
Jun 17 2019 // National Pioneer Underwriters, the underwriting group within Minova Insurance Holdings, has appointed Nick Greggains CEO of Pioneer’s U.S. operation, effective March 25. Greggains succeeds previous U.S. CEO Gene...
California Surplus Lines Stamping Fee Goes to 0.25% in 2020
Jun 17 2019 // The Surplus Line Association of California board has voted to adjust the stamping fee to 0.25%, effective Jan. 1, 2020, the group announced earlier this month. The stamping fee has been set at 0.2% for seven years, the...
AXIS Re Names Sweeting from Vibe Syndicate as Head of Lloyd’s Casualty Reinsurance
Jun 12 2019 // AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced the hiring of Joe Sweeting as head of Lloyd’s Casualty Reinsurance. In this role, Sweeting will be responsible for managing all...
Risk Strategies Adds Humphreys to National Health Care Practice in Philadelphia
Jun 12 2019 // Risk Strategies, a privately held, national insurance brokerage and risk management firm, has added Ward Humphreys as senior vice president to the reinsurance team of its National Health Care Practice. His hiring is part...
California Surplus Lines Stamping Fee Goes to 0.25% in 2020
Jun 11 2019 // The Surplus Line Association of California board has voted to adjust the stamping fee to 0.25%, effective Jan. 1, 2020, the group announced on Tuesday. The stamping fee has been set at 0.2% for seven years, the longest...
2 Execs at Lloyd’s Insurer TMK Forced to Resign After Sexual Harassment Allegations
Jun 11 2019 // Two executives at a top Lloyd’s of London insurance company have resigned following allegations of sexual harassment. One was accused of groping colleagues at a booze-fueled party, the other of stalking a junior...
Dunleavy Named Aspen Re’s CUO, Succeeding Issavi Who Moves to Ryan Specialty
Jun 7 2019 // Emil Issavi, previously Aspen Re’s president and chief underwriting officer and managing director of the Americas is taking on a new role as a senior executive of Ryan Specialty Group (RSG), RSG Underwriting Managers...
Reported Surplus Lines Premium Breaking Records in Texas This Year
Jun 6 2019 // Surplus lines premium in Texas has consistently broken records each month in 2019, according to data recorded by the Surplus Lines Stamping Office of Texas (SLTX). For the first five months of this year, each recorded...
Monarch E&S in California Names Morton Vice President
Jun 6 2019 // Burbank, Calif.-based Monarch E&S Insurance Services has named Phillip Morton vice president, commercial lines department manager. He was previously a senior underwriter/broker for the firm. Monarch is a division of...
Monarch E&S in California Names Borisoff Vice President
Jun 4 2019 // Burbank, Calif.-based Monarch E&S Insurance Services has named Devon Borisoff vice president, director of carrier relations. He was previously a commercial underwriter for Monarch. Borisoff has held past positions with...
HDI Global Specialty Names Waters as Head of Distribution and Business Development
Jun 4 2019 // HDI Global Specialty SE announced the appointment of Alan Waters as global head of Distribution and Business Development. Waters will report to Richard Taylor, a member of the Executive Board of Management and UK managing...
