Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Integro to Buy Lloyd’s Broker Tysers; Integro’s UK Wholesale Unit to Use Tysers’ Brand
Mar 29 2018 // Integro Insurance Brokers, the New York-based insurance brokerage and specialty risk management firm, announced it will acquire 100 percent of Hawkes Bay Holdings Ltd. (HBH), the privately owned parent company of Tysers...
Specialty Insurer Fortegra Financial Corp. Launches EU Subsidiary in Malta
Mar 29 2018 // Fortegra Financial Corp., a Jacksonville-based international specialty insurer and subsidiary of Tiptree Financial, announced the creation of a wholly owned European subsidiary in Malta. The unit, called Fortegra Europe...
Hanover Insurance Weighs Selling London Specialty Unit Chaucer
Mar 28 2018 // The Hanover Insurance Group is weighing the sale of its international specialty insurance business, London-based Chaucer. The Worcester, Mass.-based company issued a statement confirming that it “is undertaking a...
Validus Specialty, Eagle Ocean America to Offer Marine Vessel Operator Coverage
Mar 27 2018 // The Marine & Upstream Energy insurance team of Validus Specialty Underwriting Services, Inc. has partnered with Eagle Ocean America, a full-service insurance facility operated by Eagle Ocean Agencies, to offer new...
Endeavour Expands Capability of Claims Platform Used by Canadian Coverholders
Mar 26 2018 // Delegated authority specialist and Lloyd’s broker Endeavour Insurance Services has added new functionality, including Lineage compatibility, to its Advantage claims platform, further improving claims handling for...
IAT Insurance Acquires Excess and Umbrella Business from Rockhill Insurance
Mar 23 2018 // IAT Insurance Group (IAT) has reached a definitive agreement to acquire the renewal rights and certain associated assets for a book of surplus lines excess and umbrella insurance business from Rockhill Insurance Group....
Attritional Losses Take Their Toll at Lloyd’s, Along with 2017’s Natural Catastrophes
Mar 23 2018 // The Lloyd’s market’s pre-tax loss of £2 billion (US$2.8 billion) in 2017 was partly due to hurricanes and wildfires in the third and fourth quarters. But these losses were exacerbated by the continued...
Oppenheim Named Partner at JLT Specialty’s Construction Risk Partners
Mar 22 2018 // JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), appointed Jon Oppenheim as partner to Construction Risk Partners. Based in Atlanta, Oppenheim will be a key leader in the development of...
Lloyd’s CEO Warns Insurance Policies’ Continuity at Risk Under Brexit
Mar 21 2018 // Lloyd’s of London Chief Executive Officer Inga Beale said insurance contracts across Europe will remain at risk unless there’s an agreement on how they should be treated in post-Brexit Europe. “Regulators...
Pembroke Managing Agency Gets Nod to Manage Lloyd’s Syndicate for India’s GIC Re
Mar 21 2018 // Pembroke Managing Agency Ltd., the London-based subsidiary of Ironshore, has been granted approval by Lloyd’s to establish and manage a syndicate for India’s GIC Re. GIC Syndicate 1947 has been granted...
Lloyd’s Appoints Black as Northeast Region Market Development Lead
Mar 20 2018 // Lloyd’s, a global specialist insurance and reinsurance market, has appointed Dawnmarie Black as the market development lead for Lloyd’s Northeast region. She will be based in the Boston, Mass., area in her new...
JLT Specialty USA Names Marsh’s Forbes as Senior Vice President for U.S. Property
Mar 20 2018 // Global specialty broker JLT Specialty USA said it has appointed Josh Forbes as senior vice president with its U.S. property team. Forbes will serve real estate clients by leveraging his experience in the field. Based in...
Lloyd’s Broker Endeavour Taps Bloodstock Specialist Stonehatch as Appointed Rep
Mar 16 2018 // Delegated authority specialist and Lloyd’s broker Endeavour Insurance Services announced that niche broker Stonehatch Risk Solutions has become an appointed representative of the company. Based in London, Stonehatch...
Argo Group Acquires Italian Specialty Insurer Ariscom
Mar 14 2018 // Argo Group International Holdings is the proud new owner of Italian specialty insurer Ariscom, giving it an efficient way to expand through Europe. Neither side disclosed financial details. Argo Group CEO Mark E. Watson...
Odyssey’s Newline Group Opens Unit in Canada with Focus on SMEs
Mar 14 2018 // Newline Group announced the launch of its new service company, Newline Canada Insurance Ltd., based in Toronto. Newline Group is part of the Odyssey Group, a wholly owned subsidiary of Fairfax Financial Holdings. Newline...
Specialty Program Group Launches Flagship Marine Underwriters
Mar 13 2018 // Specialty Program Group LLC (SPG), an insurance holding company for specialty underwriting facilities, has launched Flagship Marine Underwriters, a new yacht and charter recreational marine underwriting facility. Based in...
Beach Forms Specialty/Wholesale Unit to Be Led by Sutton & Humphreys from Integro
Mar 12 2018 // Beach, the London-based re/insurance broker, announced the formation of a new specialty and wholesale platform to be headed by former Integro leaders John Sutton and Toby Humphreys. Humphreys and Sutton previously held...
How Insurer and Benefit Manager Mergers Squeeze Out Smaller Pharmacies
Mar 12 2018 // Over 20 years, Brian Komoto built a thriving pharmacy in California’s Central Valley. Each day, his nurses would travel the vast agricultural region’s roads to help hepatitis C patients take a grueling regimen...
Castel Bloodstock Secures New Binder with Lloyd’s Capacity
Mar 8 2018 // Castel Bloodstock has secured a new binder with Lloyd’s capacity, provided by Canopius Syndicate 4444 and AEGIS Syndicate 1225. The new capacity supports a bloodstock account focusing on high value thoroughbred,...
Validus Specialty Expands Commercial D&O Portfolio; Zurich’s McAdams Named Sr. U/W
Mar 8 2018 // Validus Specialty Underwriting Services Inc. announced the expansion of its product portfolio with an admitted, private company commercial directors and officers (D&O) policy. With broad coverage, the new form provides...
