Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Verisk to Acquire London Market Pricing Software Firm Rulebook
Dec 3 2018 // U.S.-based data analytics firm Verisk has agreed to acquire Rulebook, a provider of business intelligence and software for the London Insurance Market. The purchase price is $87 million in cash, which Verisk said will be...
Insurance Brokers Sharing in the Sharing Economy
Dec 3 2018 // As more and more consumers click for services and borrow rather than buy, the sharing economy is benefitting. According to Harvard Business Review, the sharing or on-demand economy is attracting more than 22.4 million...
Beazley Adds QBE’s Lever to Marine Underwriting Team in Houston
Nov 30 2018 // Beazley has appointed Reese Lever as a U.S. marine underwriter for the Southwest region. Reese joins Beazley’s office in Houston, Texas, from QBE where he was a vice president, marine, based in the same city. A...
Puerto Rico Reforms Claims, Surplus Lines, Other Insurance Laws
Nov 29 2018 // The governor of Puerto Rico overhauled the U.S. territory’s insurance laws on Tuesday to help protect policyholders as thousands of claims remain unresolved more than a year after Hurricane Maria. Gov. Ricardo...
SCOR Launches Paris-Based P/C Specialty Insurer to Ensure Post-Brexit Continuity
Nov 22 2018 // SCOR announced the formation of SCOR Europe SE, a Paris-based P/C specialty insurance company, to ensure the continuity of services after Brexit. With effect from Jan. 1, 2019, SCOR Europe SE, a fully owned subsidiary of...
Lloyd’s Chief Operating Officer Khoury-Haq to Leave the Corporation
Nov 21 2018 // Lloyd’s of London announced that its chief operating officer, Shirine Khoury-Haq, has decided to leave the corporation, after nearly five years. Khoury-Haq joined Lloyd’s in 2014 and is a member of...
Texas Surplus Lines Stamping Office Launching ‘SMART’ Online Filing System in 2019
Nov 20 2018 // The Surplus Lines Stamping Office of Texas (SLTX) plans to launch “SMART,” its new online filing system in 2019. SLTX unveiled the new online system in a video presentation at the Texas Surplus Lines...
London’s Electronic Placements Exceed Targets; Beazley Syndicate 3623 Ranks #1
Nov 20 2018 // The London market’s electronic placing platform, PPL Ltd., exceeded targets during the third quarter as more and more syndicates and companies accepted risks via the platform. Beazley Syndicate 3623 topped the league...
AFL Insurance Brokers Finds Cultural Fit with U.S. MGA Zodiac
Nov 19 2018 // AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner when it purchased Zodiac Insurance Services, which specializes in...
Leicht Elected President of Texas Surplus Lines Association
Nov 16 2018 // At its recent annual meeting, the Texas Surplus Lines Association Inc. elected Matt Leicht, owner/underwriter at the Houston-based wholesale insurance firm, Craig & Leicht, as the group’s president. Jennifer...
Liberty Mutual Restructures Distribution for Commercial & Specialty Products
Nov 16 2018 // Liberty Mutual has introduced a new distribution model for the U.S. in an effort to improve broker access to the insurer’s full suite of commercial and specialty insurance products. Shaun Kelly, president Global Risk...
Tower Hill Specialty Expands Property Insurance Offerings to Missouri
Nov 15 2018 // Ohio-based insurance provider Tower Hill Specialty LLC says its property insurance products available are now available in Missouri. A subsidiary of Tower Hill Insurance Group LLC headquartered in Gainesville, Florida,...
Lloyd’s Officially Opens Its EU Headquarters, Lloyd’s Brussels
Nov 13 2018 // Lloyd’s, the insurance and reinsurance market, officially opened Lloyd’s Brussels, its post-Brexit headquarters in the European Union. Lloyd’s Brussels is Lloyd’s first Europe-wide operation and...
Marsh Forms Specialty Business, ‘Marsh-JLT Specialty;’ Names Executive Team
Nov 13 2018 // Marsh announced the formation of Marsh-JLT Specialty, a new specialty business within Marsh that will combine the specialty teams of Marsh and Jardine Lloyd Thompson Group plc (JLT), effective upon the closing of the...
Lloyd’s Appoints Maidment from Beazley as Board Member
Nov 8 2018 // Lloyd’s has appointed Neil Maidment from Beazley Plc as an independent non-executive of the board with effect from February 2019. The new appointment, for an initial term of three years, will be effective once...
Patrick Ryan Hails Program Business Amid Retail Consolidation, Moves Toward MGAs
Nov 8 2018 // Target Markets Program Administrator Association Industry Keynote Speaker Patrick G. Ryan, founder, chairman and CEO, Ryan Specialty Group, addressed attendees at the group’s 18th Annual Summit on Oct. 22., in...
AIG Finalizes Acquisition of Program Manager Glatfelter Insurance
Nov 7 2018 // American International Group said it has completed the acquisition of insurance program manager Glatfelter Insurance Group, a deal announced in September. The addition is a key element in AIG’s strategy to reposition...
Swiss Re Taps XL’s LaRocca to Lead Property/Specialty Lines North America
Nov 7 2018 // Swiss Re Corporate Solutions appoints Michael LaRocca as head of Property & Specialty Lines North America, effective November 7, 2018. In this role, LaRocca will be responsible for managing the strategy, development...
Why It’s Important to Understand Your Carriers
Nov 5 2018 // I have been analyzing the insurance industry and individual insurers and agencies for a long time now. When I started analyzing the industry, I never imagined, and I have not met any industry veterans who could imagine,...
AIG Executives Outline Path to Underwriting Profit in 2019
Nov 2 2018 // “We do see it coming. We expect that in 2019 we’re going to be in an underwriting profit position, not a great one, but a profit. And we’ll move from there to a great one.” So said Brian...
