Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Ethos Specialty Names Liberty International’s Carr to Head Property Unit
Jan 9 2018 // Ethos Specialty Insurance Services, a subsidiary of Ascot Group, announced that Michael Carr has joined the firm as head of Ethos Property. Carr has 25 years of experience in the excess and surplus property market. Prior...
AXIS Capital Aligns Lloyd’s Agency Platforms After Its Acquisition of Novae
Jan 9 2018 // AXIS Capital Holdings Ltd. announced it has received authorization from Lloyd’s for AXIS Managing Agency Ltd. to commence the management and oversight of Novae Syndicate 2007 and SPS 6129 after its acquisition of...
2018 Insurance Industry Meetings & Events Directory
Jan 8 2018 // CIWA Industry Days Jan 8-10 Hilton La Jolla Torrey Pines La Jolla, Calif. California Insurance Wholesalers Association (CIWA) Contact: Thomas Shovlin, thomas@ciwa.net The 19th Annual Windstorm Insurance Conference Jan...
Partner Re’s Walker Retires; Goldie Named CEO of P/C; Clarke Heads Specialty Lines with Haft
Jan 5 2018 // Bermuda’s PartnerRe Ltd. announced that Charles Goldie, formerly CEO of Specialty Lines, has been appointed CEO of Property & Casualty, following the retirement of Tad Walker who previously filled that...
Starr Approved as First Domestic Surplus Lines Insurer in Texas
Jan 4 2018 // Starr Surplus Lines Insurance Co. has become the first domestic surplus lines insurer (DSLI) in Texas, effective Jan. 1, 2018, the Surplus Lines Stamping Office of Texas (SLTX) reported. The company has been approved to...
Ryan Specialty Group to Acquire New York’s Kerwick & Curran
Jan 4 2018 // Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Kerwick & Curran Inc. (K&C), a wholesale insurance brokerage with offices in Tarrytown and Melville, N.Y. Terms of...
AmWINS Group to Acquire Seacoast Brokers, Trident Claims Management of South Carolina
Jan 4 2018 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, has reached a definitive agreement to acquire Seacoast Brokers, LLC, a South Carolina-based personal lines specialty MGA that designs,...
The Fine Art of Underwriting Through Soft & Slightly Harder Market Cycles
Jan 3 2018 // Twenty or so years ago, a London market marine underwriter declared he was going golfing one afternoon because he had reached his annual capacity level. That was an underwriting model commonly used in the Lloyd’s and...
2017 Texas Surplus Lines Premium Up 6.5% over Previous Year
Jan 3 2018 // Surplus lines premium in Texas increased to $5.46 billion in 2017, up from $5.12 billion in 2016, according to data collected by the Surplus Lines Stamping Office of Texas (SLTX). These numbers represent a 6.5 percent...
Ironshore’s Pembroke Agency & GIC Re Get Nod from Lloyd’s to Form Syndicate
Dec 21 2017 // Ironshore Inc. announced that its Pembroke Managing Agency has been granted “in principle” approval by the Lloyd’s Franchise Board to create GIC Re’s syndicate at Lloyd’s. “The...
Travelers Names Rnjak to Lead Its Lloyd’s Platform
Dec 21 2017 // Travelers Europe announced it has appointed Nick Rnjak to lead Travelers Syndicate Management Ltd., its wholly owned platform in the Lloyd’s insurance market. Rnjak most recently served as chief underwriting officer...
Factbox: Growing List of Insurers Make Brexit Plans for EU Subsidiaries
Dec 20 2017 // Below are insurers’ plans for EU subsidiaries (in alphabetical order) in case Britain does not have access to the single market after Brexit: ADMIRAL. British motor insurer Admiral Group said last year that it could...
Prime Authorized to Write Surplus Lines in New York State
Dec 19 2017 // Salt Lake City, UT, Chicago, IL, December 19, 2017- Prime Holdings Insurance Services, Inc. (“Prime Holdings”) announced that its subsidiary, Prime Insurance Company (“Prime”), recently received...
Navigators to Buy Belgian Specialty Insurer, Reinsurer
Dec 18 2017 // U.S.-based global specialty insurer The Navigators Group has agreed to purchase all of the shares of Assurances Continentales – Continentale Verzekeringen NV (ASCO) and Bracht, Deckers & Mackelbert NV (BDM),...
Prime Authorized to Write Specialty Lines in New York State
Dec 18 2017 // Prime Holdings Insurance Services Inc. (Prime Holdings) announced that its subsidiary, Prime Insurance Company (Prime), has received approval to write specialty lines insurance coverage in New York state. Prime provides...
Texas Surplus Lines Stamping Office to Accept ACH Payments in Early 2018
Dec 14 2017 // The Surplus Lines Stamping Office of Texas (SLTX) announced it will begin supporting Automated Clearing House (ACH) payments, effective early first quarter 2018, as part of the new electronic filing system that will be...
Pioneer Underwriters Gets Lloyd’s Approval to Launch Syndicate 1980 on Jan. 1
Dec 14 2017 // Pioneer Underwriters announced it has received approval from Lloyd’s for Syndicate 1980 to commence underwriting business attaching on or after Jan. 1, 2018. Pioneer Syndicate 1980 will have a gross premium income of...
Allianz Global Corporate & Specialty Promotes Haagen and Soja
Dec 14 2017 // Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), has announced that effective December 31, Henning Haagen will take over as North American regional head of specialty...
Former Hartford Underwriter Reese Joins Pioneer Underwriters’ Georgia Team
Dec 13 2017 // Pioneer Underwriters has appointed Kellie Reese as an underwriter in its recently launched E&S Property operation. She will report to Dave Phillips, based in Alpharetta, Ga. Reese has almost 30 years of experience as a...
UK’s Bretton Woods International Gets UK Regulatory Nod, Becomes Lloyd’s Broker
Dec 13 2017 // Bretton Woods International (BWI), the specialist insurance broker and managing general agent, has received a license to operate in the UK as an independent broker and, at the same time, is now registered as a...
