Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Industry Relevance and Expertise ‘Ours to Lose:’ Catlin
Aug 15 2017 // First of Two Articles After 44 years in the insurance business, Stephen Catlin is retiring at the end of 2017. While he’ll be retiring from his role as executive deputy chairman of XL Group, he emphasizes that he...
XL Catlin’s Bongi Moves to Brit Global Specialty USA to Launch Professional Lines
Aug 15 2017 // Brit Ltd. has appointed Tom Bongi as executive vice president of Professional Lines at Brit Global Specialty USA. Bongi is responsible for establishing and developing Brit’s Professional Lines portfolio in the U.S....
Texas Insurance Industry to Welcome Lloyd’s Chairman at Lloyd’s Day Events
Aug 14 2017 // Specialist insurance market Lloyd’s of London will host Lloyd’s Day Texas to welcome Chairman Bruce Carnegie-Brown to the United States. The event will be held in Dallas on Oct. 4, 2017, and in Houston on Oct....
New Wholesale & Specialty Association Is Born
Aug 7 2017 // Members of the American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) have approved a merger of the two associations, creating the new Wholesale...
Surplus Lines Insurance Premium Up Nationwide
Aug 7 2017 // A mid-year compilation of excess and surplus (E&S) insurance premium amounts by the Surplus Lines Stamping Office of Texas (SLTX) shows a 6.6 percent increase in premium nationally compared with the same period last...
Ryan Specialty Group Completes Acquisition of N-Surance Outlets of Georgia
Aug 3 2017 // Ryan Specialty Group, LLC, has completed the acquisition of the assets and operations of N-Surance Outlets (NSO), a wholesale insurance brokerage and binding authority operation headquartered in Roswell, Ga. The acquired...
Texas Surplus Lines Stamping Office Website to Begin Redirect
Jul 31 2017 // The Surplus Lines Stamping Office (SLTX) announced that beginning Aug. 1, users who visit the website, www.slsot.org, will be automatically redirected to the new SLTX website at www.sltx.org. The new website is part of a...
Investments, Specialty Business Counter Weather Losses, Reinsurance in Q2 for W.R. Berkley
Jul 31 2017 // Weather-related losses and a competitive reinsurance business nudged W.R. Berkley Corp.’s 2017 second quarter combined ratio higher. But a nearly five percent growth investment income and gains in specialty business...
Dale Underwriting Gets Lloyd’s Approval to Set Up Special Purpose Arrangement
Jul 31 2017 // Dale Underwriting Partners, managed by Lloyd’s third party managing agency Asta, announced it has been granted “in principle” approval by the Lloyd’s Franchise Board to establish a special purpose...
Ironshore’s Pembroke Agency Launches Project Cargo Consortium for Lloyd’s China Platform
Jul 27 2017 // Ironshore’s Pembroke Managing Agency Ltd. has launched a Project Cargo Consortium to serve the Lloyd’s China platform, offering capacity limits of up to US$178 million. Pembroke Lloyd’s Syndicate 4000...
ProSight Specialty Launches All-lines Marine Contractors Insurance Program
Jul 26 2017 // ProSight Specialty Insurance has launched its Longshore+ Marine Contractors program, with the goal of unifying all lines of marine insurance under a single carrier. The package offering provides the following coverages:...
Surplus Lines Insurance Premium Up Nationwide
Jul 26 2017 // A mid-year compilation of excess and surplus (E&S) insurance premium amounts by the Surplus Lines Stamping Office of Texas (SLTX) shows a 6.6 percent increase in premium nationally compared with the same period last...
NAPSLO, AAMGA Members OK Merger; New Wholesale & Specialty Association Is Born
Jul 25 2017 // Members of the American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) have approved a merger of the two associations, creating the new Wholesale...
Ryan Specialty Group to Acquire N-Surance Outlets of Georgia
Jul 25 2017 // Ryan Specialty Group, LLC, announced it has reached a definitive agreement to acquire N-Surance Outlets (NSO), a wholesale insurance brokerage and binding authority operation headquartered in Roswell, Ga. NSO will become...
Brit Global Specialty Assumes Renewals for Legacy Catlin’s U.S. Yacht Business
Jul 24 2017 // Brit Global Specialty USA said it has reached an agreement for the exclusive renewal rights for part of XL Catlin’s directly written yacht portfolio. The agreement relates to legacy policies written by Catlin, prior...
Markel Names HDFC Ergo’s Mathur to Lead Entry into India with Lloyd’s Platform
Jul 24 2017 // Specialist insurer Markel International has appointed Deepika Mathur to lead its entry into the Indian market. Capacity will be provided by Markel’s Syndicate 3000 at Lloyd’s and business will be written...
How Surplus Lines Insurers Can Beat Illinois Bad Faith Claims
Jul 24 2017 // Surplus lines insurers, your Illinois policies are exempt from all statutory bad faith claims. Or at least they’re arguably exempt. But whether arguable or actual, you should be moving to dismiss these claims at the...
Major Cyber Attack Could Cost Global Economy $53 Billion: Lloyd’s
Jul 24 2017 // A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a...
Surplus Lines Market Keeps Up with Demand for Cyber Liability Coverage
Jul 24 2017 // In Texas and across the nation, the surplus lines insurance market is keeping up with the increase in demand for cyber liability protection, according to the Surplus Lines Stamping Office of Texas (SLTX). SLTX recorded a...
Castel Specialty Launches Global Construction Business
Jul 21 2017 // Castel Specialty, a division of Castel Underwriting Agencies Ltd., has expanded its portfolio with the launch of Castel Construction. London-based Castel Underwriting Agencies, part of Barbican Insurance Group, is a...
