Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Ratings Assigned to Wisconsin’s JM Specialty Insurance
Feb 26 2018 // A.M. Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” to JM Specialty Insurance Co. (JMSI) in Neenah, Wisconsin. The outlook assigned to these Credit...
XINSURANCE.com Announces a New Approach to Insurance Strategy
Feb 26 2018 // Chicago, IL, February 26, 2018– XINSURANCE.com announces its unique “ALL-IN-ONE” INSURANCE POLICY. This new customized “ALL-IN-ONE” policy is the first of its kind. It provides an innovative...
Berkshire’s 14-Year Insurance Win Streak Comes to an End
Feb 26 2018 // Warren Buffett’s Berkshire Hathaway’s combination of insurance entities have recorded 14 consecutive years of underwriting profit worth more than $28 billion. The Oracle from Omaha has repeatedly warned his...
HDI Adds to U.S. Engineering, Construction Divisions
Feb 22 2018 // HDI Global SE has appointed John Schossler has been appointed assistant vice president, Casualty Construction manager, based in Chicago. Schossler will lead all efforts in the development of this segment by cultivating...
Ryan Specialty Group to Acquire New Jersey’s New Day Underwriting Managers
Feb 22 2018 // Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire the assets and operations of New Day Underwriting Managers LLC (New Day), a specialty intermediary with offices in Hamilton, N.J. New Day will...
Everest Specialty Expands Private Company Financial Lines Team
Feb 21 2018 // Everest Insurance has expanded the financial lines division of Everest Specialty Underwriters (ESU ), naming five professionals to its new Private Company/Not-For-Profit unit. The Private/NFP team is targeting small,...
Hamilton at Lloyd’s Reorganizes Underwriting Team
Feb 20 2018 // Hamilton Underwriting Ltd., the managing agency of Syndicate 3334 and the Lloyd’s operations of Bermuda-based Hamilton Insurance Group, announced the details of a reorganization of its underwriting team. Pending...
Lloyd’s Market Association Launches Claims Development Training Tool
Feb 20 2018 // The Lloyd’s Market Association (LMA) has launched the Claims Development Pathway, an interactive training and development tool that will provide support to claims professionals in the Lloyd’s market, at every...
Surplus Line Premium Increased by 6.4% Nationwide in 2017
Feb 19 2018 // All 15 surplus lines service offices across the United States experienced increases in excess and surplus lines insurance premium in 2017, the Surplus Lines Stamping Office of Texas reported. U.S. surplus line premium...
Surplus Line Premium Increased by 6.4% Nationwide in 2017
Feb 19 2018 // All 15 surplus lines service offices across the United States experienced increases in excess and surplus (E&S) lines insurance premium in 2017, the Surplus Lines Stamping Office of Texas (SLTX) reports. U.S. surplus...
People
Feb 19 2018 // Wholesale insurance broker and program manager, Midlands Management Corp., has added insurance professional Lori Covey to its team in Dallas. A 25-year veteran of the industry, Covey started her career on the retail side...
Brit Expands Capacity for Bermuda Sidecar Versutus & Lloyd’s Syndicate 2988
Feb 15 2018 // London-based Brit Ltd. has renewed and expanded the collateralized reinsurance capacity provided by its Bermuda domiciled sidecar, Versutus Ltd., in support of Brit’s property catastrophe portfolio for 2018. Marking...
Why Wholesale Insurance Brokers Are Under Continuing Pressure to Sell
Feb 13 2018 // Wholesale insurance brokers have been selling off their businesses and it’s not because they are all ready to retire. As in the retail agency segment, consolidation among wholesale brokerages is being driven by...
Nexus Acquires D&O and Financial Institutions MGA Apsley Specialty
Feb 13 2018 // Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Apsley Specialty Ltd., a registered Lloyd’s coverholder. Financial details of the transaction were not...
Ryan Specialty Group Agrees to Buy UK P&I MGA Lodestar Marine from Tawa
Feb 13 2018 // Ryan Specialty Group LLC (RSG) announced it has reached a definitive agreement to acquire London-based Lodestar Marine Ltd., an MGA in the protection & indemnity (P&I) fixed premium marine market, from Tawa...
Mickletz to Lead Everest Insurance Excess Casualty Division in the Southeast
Feb 13 2018 // Jeff Mickletz has joined Everest Insurance as director and senior underwriter within the Excess Casualty division of Everest Specialty Casualty. He will be handling the Southeast territory of the United States. According...
Liberty Specialty Markets’ French Operation to Expand Product Range, Increase Team
Feb 12 2018 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, is to broaden the range of product lines underwritten by its French operation and increase the size of its team. It will also make a series of investments...
ArgoGlobal Launches Lloyd’s Market Motor Treaty Consortium, Supported by Barbican
Feb 12 2018 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the launch of the first Lloyd’s market consortium for motor treaty business. The consortium, led by ArgoGlobal and supported by Barbican...
Validus Specialty Launches Standalone Cyber Insurance Product
Feb 8 2018 // The Cyber and Technology insurance group of Validus Specialty Underwriting Services, Inc. have expanded its offering with a standalone cyber insurance product focused on privacy and network protection coverage. The product...
The Hartford Adds Employee Benefits, E&S Options to Small Business Online Quote System
Feb 5 2018 // The Hartford has enhanced ICON, its online quoting system for agents and brokers, to include access to quote employee benefits as well as excess and surplus (E&S) coverage for their small business customers. Employee...
