Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
The New Small Commercial: Why Carriers Need to Better Serve ‘Small Specialty’
Apr 16 2018 // The evolution of the small businesses is creating a service challenge for independent agents and an opportunity for carriers to provide efficient and effective solutions for their agent partners by expanding their service...
People
Apr 16 2018 // SIAA (Strategic Insurance Agency Alliance) has hired Gretchen Klemm as a contracts compliance manager at its Hampton, N.H., location. In this role, Klemm will manage day-to-day interactions with independent agency members...
USI Southwest Finalizes Truck Insurance Program with Trisura Specialty
Apr 12 2018 // USI Southwest has finalized an exclusive Intermodal Truck Insurance Program with Hybrid US fronting carrier Trisura Specialty. The program will immediately target intermodal transportation companies in Texas with plans to...
Specialty Program Group Acquires Norman-Spencer’s Marine/Crane Business
Apr 12 2018 // Specialty Program Group LLC (SPG), an insurance holding company for specialty brokerages and underwriting facilities, has acquired the assets of Ohio-based Norman-Spencer Agency’s (NSA) crane program, personal lines...
Specialty Insurance Group Launches Online Coverage Portal for Special Events
Apr 11 2018 // Specialty Insurance Group (SIG), a unit of Everest Insurance and a member of the Everest Re Group companies, has released an online portal for brokers and clients to obtain immediate liability coverage for special...
Texas Surplus Lines Stamping Office Adds 3 New Board Members
Apr 9 2018 // The Surplus Lines Stamping Office of Texas (SLTX) has appointed three new members to its board of directors. Rosemarie Marshall serves as executive vice president for AmWINS Group in Dallas, Texas, where she manages the...
Former Scottsdale Insurance Chief Miller to Start New E&S Carrier, Ategrity
Apr 6 2018 // Mike Miller, the long-time president and chief operating officer of excess and surplus lines giant Scottsdale Insurance Co., is launching a new specialty property/casualty insurance company named Ategrity Specialty...
IAT Insurance Group Agrees to Acquire New Jersey’s IFIC Surety Group
Apr 4 2018 // IAT Insurance Group (IAT) has reached a definitive agreement to acquire IFIC Surety Group Inc. for an undisclosed amount. The acquisition signals IAT’s entry into the surety market. The closing of the transaction is...
RSG Completes Acquisition of New Jersey’s New Day Underwriting Managers
Apr 3 2018 // Ryan Specialty Group LLC (RSG) has completed its acquisition of the assets and operations of New Day Underwriting Managers LLC (New Day), a specialty intermediary with offices in Hamilton, N.J. New Day was founded in 2005...
Lloyd’s Market Association Names New Board Members for 2018
Apr 3 2018 // The Lloyd’s Market Association (LMA) has announced four new members of its board, following a recent nomination process. Effective from the annual general meeting to be held on May 31, 2018, one new and three...
UK MGA Castel Specialty Launches Global Property Facultative Reinsurance Cover
Apr 3 2018 // Castel Specialty, the division of club-style MGA formation platform Castel Underwriting Agencies Ltd., has added a global property facultative reinsurance offering to its portfolio. Paul Witzenfeld joins Castel Specialty...
White Mountains Buys Majority Stake in Program Manager NSM
Apr 2 2018 // Bermuda-based insurance holding company White Mountains Insurance Group is acquiring a majority equity stake in NSM Insurance Group (NSM), the specialty insurance program administrator. The transaction values NSM at...
Montrose and Horizontal or Vertical Exhaustion: Is the Long-Tail (Claim) Wagging the Dog?
Apr 2 2018 // The California Supreme Court will again intervene in the protracted saga of insurance litigation stemming from the bodily injury, property damage, and Comprehensive Environmental Response, Compensation, and Liability Act...
Non-Catastrophe Losses, Natural Disasters Take Toll on Lloyd’s Market in 2017
Apr 2 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...
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....
