Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
People Moves: Embroker Appoints Lea Chief Insurance Officer, Malm to COO; Ryan Specialty Promotes Lentz to President of RT Specialty High Net Worth
Aug 13 2024 // Andrew Lea Embroker, headquartered in San Francisco, appointed Andrew (Andy) Lea chief insurance officer and promoted Kristy Malm to chief operating officer. Kristy Malm Lea mas more than two decades of insurance...
People Moves: XPT Specialty Appoints Myers Transportation Underwriter; Falvey Founder Will Transition to Executive Chairman
Aug 8 2024 // Tyler Myers XPT Specialty, headquartered in New Haven, Connecticut, appointed Tyler Myers as transportation underwriter. Myers has over 10 years of experience as a broker specializing in underwriting commercial automobile...
Ryan Specialty Builds with US Assure, a Builder’s Risk Specialist, in Jacksonville
Aug 2 2024 // Ryan Specialty, a publicly traded provider of specialty products for insurance agents, brokers and carriers, has agreed to buy US Assure Insurance Services of Florida, a company specializing in builder’s risk...
Symphony Risk Opens Austin Office, Names Burns President of Specialty Business
Aug 1 2024 // Symphony Risk Solutions announced it is opening an office in Austin, Texas to be led by Matt Burns, who was named president of the firm’s growing specialty business. As the leader of Symphony Build, Burns will...
People Moves: BevCap Management Names Vehovic VP of Dealer Risk Services; Skyward Specialty Adds Miglin and Smith
Jul 30 2024 // Danny Vehovic BevCap Management, LLC, headquartered in McKinney, Texas, hired Danny Vehovic as vice president of dealer risk services. Vehovic will be focusing on risk consulting and business development for Dealer...
Private Equity Firm Centerbridge Weighs Exit Options for £3 Billion Canopius at Lloyd’s
Jul 29 2024 // A consortium led by private equity firm Centerbridge Partners is exploring exit options including an initial public offering of Canopius Group in a deal that could value the Lloyd’s of London insurer at about £3...
Ryan Specialty Announces Unification of Ryan Financial Lines
Jul 26 2024 // Ryan Specialty announced the unification of Ryan Financial Lines and the expansion of its product offerings. Ryan Financial Lines’ formation was announced in December 2023. The first phase was implemented in March...
New London-Based Specialty Reinsurer, Stability Re, Launched
Jul 24 2024 // The Connect Group announced the launch of a London-based specialty reinsurer, Stability Re. This follows the formation in September 2023 of Stability Risk, an MGA created to allow Connect Underwriting Ltd. (a specialist...
MGU Carbon Underwriting Gets Initial Lloyd’s Approval to Launch New Syndicate
Jul 23 2024 // Carbon Underwriting Ltd., the London-based managing general underwriter and Lloyd’s syndicate CBN 4747, announced that Lloyd’s has granted in principle approval for the launch of Syndicate 5757, effective Jan....
Surplus Lines Commercial Growth; Fla. Litigation Costs Reach New High in 2023
Jul 17 2024 // Two recent reports reflect trends in Florida’s property insurance market, including the continued growth of surplus lines’ business and an uptick last year in litigation costs for carriers. The Florida Surplus...
People Moves: Aon Taps Thomas From Lloyd’s as Head of Lloyd’s Capital; McLarens Names 2 Leadership Appointments in Latin America
Jul 16 2024 // This edition of International People Moves details appointments at the broker Aon and claims services provider McLarens. A summary of these new hires follows here. Insurance broker Aon plc appointed Ed Thomas as head of...
How to Dance the Surplus Lines Tax Tango
Jul 16 2024 // This post is part of a series sponsored by AgentSync. Surplus lines, also called surplus and excess lines, is a tricksome area of insurance, thanks in part to the fact that surplus lines business often comes with premium...
Lloyd’s Insurer AEGIS London Launches Data Science and Analytics Team
Jul 15 2024 // AEGIS London, the London-based Lloyd’s syndicate, has established a new Data Science and Analytics team to enhance underwriting capabilities and data-driven initiatives. Led by Giuseppe D’Angelo, head of Data...
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...
