Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Origin Specialty Acquires Agribusiness Managing General Underwriter AIMS
Jul 12 2024 // Illinois-based specialty insurance broker Origin Specialty Underwriters Agency announced it has acquired Agricultural Insurance Management Services (AIMS), an agribusiness insurance-focused managing general underwriter...
Aviva Completes Acquisition of Probitas, Re-entering Lloyd’s After More Than 20 Years
Jul 11 2024 // UK insurer Aviva announced it has completed the acquisition of Probitas Holdings (Bermuda) Ltd., which marks the company’s return to the Lloyd’s market after a hiatus of more than 20 years. The deal with...
People Moves: Everest Taps BHSI’s d’Huart as Head of France, Charon Named Head of Client Engmt, Europe; CNA Hardy Promotes Magnus as Active U/W at Lloyd’s
Jul 3 2024 // This edition of International People Moves details appointments at Everest in Europe and CNA Hardy. A summary of these new hires follows here. Everest Taps BHSI’s d’Huart as Head of France, Charon Named Head of...
London Defers Tallest Tower Decision Amid Neighbors’ Objections, Including Lloyd’s
Jul 3 2024 // The City of London Corporation deferred a vote on plans for a new 73-story office tower next to the Gherkin that’s set to become the tallest building in the historic financial district. The City Corporation’s...
Coverys Launches London Market Insurer, Approved to Write US E&S Business
Jul 2 2024 // Coverys Ltd., a UK entity in the Coverys Group of Companies, has received regulatory authority to launch a London company market insurer, effective June 26. Coverys Ltd. is part of Coverys’ dedicated London platforms...
Fidelis Partnership Syndicate 3123 Begins Underwriting Business at Lloyd’s
Jul 1 2024 // The Fidelis Partnership and Fidelis Insurance Holdings Ltd. jointly announced that Syndicate 3123 has formally begun underwriting business at Lloyd’s. Syndicate 3123, also known as The Fidelis Partnership Syndicate,...
Warburg Pincus’ K2 Launches London-Based MGA, K2 Rubicon Specialty
Jun 21 2024 // K2 International, the specialty re/insurance underwriting platform that is owned by private equity firm Warburg Pincus, announced the launch of a London-based MGA called K2 Rubicon Specialty. The new MGA division was...
Markets/Coverages: E&S MGA Ledgebrook Launches Architects & Engineers Product
Jun 21 2024 // Ledgebrook, the Boston-based excess-and-surplus managing general agent, announced it will be expanding its professional lines offerings by launching an architects and engineers product with its capacity provider, the...
People Moves: Canopius Taps AXA XL’s Houghton as Product Leader, Specialty; Swiss Re Promotes Camara to Head of P/C Re in Northern, Central, Eastern Europe
Jun 19 2024 // This edition of International People Moves details appointments at Canopius and Swiss Re. A summary of these new hires follows here. Canopius Taps AXA XL’s Houghton as Product Leader, Specialty Canopius, the...
US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings
Jun 13 2024 // An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3% recorded in 2021. In 2023, growth remained...
Allied American Named Designated Claims Administrator for Lloyd’s
Jun 12 2024 // Allied American USA, a national claims management firm based in Tampa, is now a designated claims administrator for Lloyd’s of London. Allied, in business for more than 20 years, called the designation a...
People Moves: AXA XL Promotes Pearman to New Role of CUO, Bermuda; Lockton Re Taps Former Aon Execs for Marine & Energy Division, Lloyd’s Capital Unit
Jun 10 2024 // This edition of International People details appointments at AXA XL and Lockton Re. A summary of these new hires follows here. AXA XL Promotes Pearman to New Role of Chief Underwriting Officer, Bermuda As part of its...
5th Circuit: Louisiana Law Voids Arbitration Clause in Surplus Lines Policies
Jun 7 2024 // A panel of the 5th Circuit Court of Appeals ruled this week that a Louisiana statute voids the formation of an arbitration clause in a surplus lines insurance contract. In its opinion, the appellate court reasoned that the...
Lloyd’s Opening Miami Office to Support Growth in Latin America and Caribbean
Jun 6 2024 // Lloyd’s, the re/insurance marketplace, is opening an office in Miami from Sept. 1, 2024, with an aim to strengthen its Latin America and Caribbean business. The new office will enable Lloyd’s to realign its...
Apollo Launches Captive Syndicate at Lloyd’s
Jun 3 2024 // Apollo Syndicate Management Ltd., the Lloyd’s managing agent, announced the launch of the first captive syndicate to be launched under Lloyd’s revised captive syndicate model. The captive syndicate, which is...
AIG a ‘Different Company’ Poised to Grow in E&S and More: CEO Zaffino
Jun 3 2024 // AIG is “a different company” today than it was when CEO Peter Zaffino joined the company in 2017, but like the old AIG, the new one is poised to grow again, he said. The former executive of Marsh, who recalled...
People Moves: Howden Re Names Hearn as Chair, Global Clients Strategy; Ex-Lloyd’s CEO Beale Named Chair of Climate Consultancy South Pole
May 31 2024 // This edition of International People Moves details appointments at Howden Re and climate consultancy South Pole. A summary of these new hires follows here. Howden Re Names Hearn as Chair, Global Clients Strategy Howden Re,...
Miller to Acquire Spanish Specialty Re/Insurance Broker Bruzon
May 30 2024 // Miller, the London-based specialist re/insurance broker, announced the acquisition of Madrid-based commercial insurance and reinsurance broker Bruzon Correduría de Seguros y Reaseguros S.A. and its subsidiary Bruzon...
Markets/Coverages: Ariel Green Expands Tech Performance Ins. Consortium at Lloyd’s
May 29 2024 // Ariel Green, a division of Ariel Re, has expanded Lloyd’s first ever Technology Performance Insurance (TPI) Consortium. First launched in 2023, Ariel Green has renewed the consortium and grown the number of markets...
Mississippi Wind-Mit Program Now Funded Through Surplus Lines Assn. Revenue
May 28 2024 // Almost two decades after it was established by the Mississippi Legislature, a storm and flood-mitigation grant program now has some funding – $5 million to be transferred from the Mississippi Surplus Lines...
