Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Judge Again Rules Against $200M Raid on Pennsylvania Insurance Surplus
Dec 21 2018 // A federal judge is again ruling against Pennsylvania legislation that would take at least $200 million from a state-chartered medical malpractice insurer of last resort. U.S. District Judge Christopher Conner said the...
Post-Merger, Marsh-JLT Specialty Leaders Announced for UK & Ireland
Dec 20 2018 // Global insurance broker Marsh announced the appointments of specialty leaders for the UK & Ireland. These appointments will be effective upon closing of the transaction between Marsh’s parent company, Marsh &...
Rottiers Appointed as CEO of Lloyd’s Brussels
Dec 20 2018 // Sonja Rottiers has been appointed as the chief executive officer of Lloyd’s Brussels. She will also be Lloyd’s regional director for Europe, Middle East and Africa, and will take up her position in...
Marsh Makes Post-JLT Merger Leadership Appointments
Dec 19 2018 // Global insurance broker Marsh announced the appointments of key leaders for its regional, specialty and placement teams worldwide that will be effective upon closing of the pending acquisition by Marsh’s parent...
People
Dec 17 2018 // Reliance Partners, which specializes in commercial insurance, added Brandon Richards as chief sales officer and opened a new office in Austin, Texas. Richards is a veteran insurance professional with more than 17 years in...
People
Dec 17 2018 // Frenkel & Company – an EPIC Company has hired risk management and insurance professional Michael Power as a principal. Power will be based in Frenkel’s New York, N.Y., office and report to Phil Remig, the...
Covering Cannabis in California
Dec 17 2018 // Most of the action on insuring legal cannabis in California is in the surplus lines marketplace. The legalization of cannabis in California created many opportunities for insurers to get in on the ground floor in covering...
Stamping Fee to Decrease on Illinois Surplus Line Policies Effective Jan. 1
Dec 17 2018 // The stamping fee for surplus line policies written in Illinois with an effective date on or after Jan. 1, 2019, will drop to 0.075 percent (premium X 0.00075), rounded to the nearest whole dollar, the Surplus Line...
People
Dec 17 2018 // NAS Insurance Services LLC has expanded its senior management team with several new appointments, including naming Marcus D’Anna chief financial officer. D’Anna’s appointment as CFO comes after five years...
Special Report: The Industry Industry Gives Back
Dec 14 2018 // Safety National Safety National proudly supports Variety the Children’s Charity of St. Louis, an organization that has been helping children with physical and developmental disabilities for more than 80 years. In...
5Star Specialty to Assume Distribution of Protective Insurance’s Public Auto Offering
Dec 14 2018 // Transportation industry insurer Protective Insurance Co. and 5Star Specialty Programs have expanded their partnership in the public auto market, a move that means 5Star will be Protective’s sole distribution source...
Austin Agents, Texas Surplus Lines Assoc. Donate $2,775 to Food Bank
Dec 13 2018 // The Independent Insurance Agents of Austin and the Texas Surplus Lines Association Inc. joined efforts in December to collect food and money for the Capital Area Food Bank located in Austin, Texas. At the IIAA Christmas...
The PURE Group Expands Excess & Surplus Lines Offering Into California
Dec 13 2018 // The PURE Group has expanded its excess & surplus (E&S) high net worth offering, PURE Programs, into California. The coverage is tailored to high value, high-risk homes with broader coverage than is typically found...
AXA XL’s E&S Casualty Insurance Names 2 U.S. Product Leaders
Dec 12 2018 // AXA XL insurance has appointed new Excess & Surplus (E&S) Casualty product leads in the U.S. Ankur Chokshi has been promoted to head of E&S Primary Casualty and Brokerage and Binding Authority while Kimberly...
Horton Heads Ironshore Bermuda Rebranded as Liberty Specialty Markets
Dec 6 2018 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, is integrating its Ironshore Bermuda businesses and brands into one brand called Liberty Specialty Markets Bermuda. The new business will be led by...
2018 Texas Surplus Lines Premium Numbers Surpass 2017 Total
Dec 5 2018 // At the end of November, the Surplus Lines Stamping Office of Texas (SLTX) had recorded $5.57 billion in Texas surplus lines premium, exceeding the $5.46 billion total reported for the full-year of 2017. This represents a...
JenCap Holdings to Acquire Risk Innovations of Atlanta
Dec 5 2018 // JenCap Holdings LLC (JCH), a specialty insurance business, will acquire privately-held Risk Innovations LLC, a specialty wholesale insurance broker based in Atlanta, Georgia. Financial terms were not disclosed. Risk...
McClelland & Hine Names Brooks Director of Business Development in San Antonio
Dec 5 2018 // McClelland & Hine Managing General Agency, a division of Worldwide Facilities, has hired Micayla Brooks as director of Business Development for its San Antonio Branch office. Brooks has over 10 years of marketing and...
Swiss Re Corporate Solutions Names Vetter Head of E&S North America
Dec 5 2018 // Swiss Re Corporate Solutions has appointed Daniel Vetter as head of Excess & Surplus North America, a newly-created role. Vetter will be responsible for the strategy and growth of the company’s E&S Property...
Stamping Fee to Decrease on Illinois Surplus Line Policies Effective Jan. 1
Dec 4 2018 // The stamping fee for Illinois surplus line policies an effective date of Jan. 1, 2019, and later will drop to 0.075 percent (premium X 0.00075), rounded to the nearest whole dollar, Surplus Line Association of Illinois...
