Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Canadian P/C Insurer Intact Financial to Acquire OneBeacon for $1.7 Billion
May 3 2017 // Canada’s largest property/casualty insurer, Intact Financial Corp., has agreed to acquire U.S. specialty insurer OneBeacon from White Mountains Insurance Group for US$1.7 billion. The merger will create a North...
Liberty Mutual Completes Ironshore Acquisition; Will Use Ironshore Brand for U.S. Specialty Business
May 2 2017 // Liberty Mutual Insurance has completed its acquisition of specialty insurer Ironshore Inc., creating a global specialty business with approximately $6.5 billion in net written premium. Liberty Mutual announced last...
Fidelis Sponsors MGA to Expand into Niche Specialty Reinsurance
May 2 2017 // Fidelis Insurance announced that it is further developing its niche specialty offerings by sponsoring a new managing general agent that focuses on specialty reinsurance. Fidelis said it will be providing investment and...
Texas Surplus Lines Stamping Office Names 3 New Board Members
Apr 25 2017 // The Surplus Lines Stamping Office of Texas (SLTX) announced three new members have been appointed to its board of directors. These individuals are part of a nine-member board appointed by the Texas Commissioner of...
Demand Rises for Political Risk Cover as Buyers Think the Unthinkable
Apr 25 2017 // Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say...
Hamilton Re to Buy Canopius’ Excess Casualty Renewal Rights
Apr 24 2017 // Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced it has agreed to acquire the renewal rights to Canopius Underwriting Bermuda Ltd.’s excess casualty insurance book of business. The...
Texas Stamping Office: ‘Industrial Insured’ Bill Passed by House
Apr 20 2017 // The Texas House of Representatives has approved House Bill 1559, which creates an exemption for entities classified as an “industrial insured,” the Surplus Lines Stamping Office of Texas reported. The measure...
Specialty Brokers AmWINS and Partners Specialty Group to Merge
Apr 19 2017 // Specialty insurance brokerages AmWINS Group Inc. and Partners Specialty Group LLC have agreed to merge. Partners will become part of the AmWINS Brokerage Division, bringing an expanded geographic presence that complements...
Surplus Lines Insurance Bills Advance in Texas Legislature
Apr 19 2017 // The Texas legislature has pushed several bills related to the excess and surplus lines industry out of committee, the Surplus Lines Stamping Office announced. The Senate Business and Commerce Committee voted on April 18 to...
Concord Adds Grayer to Reps & Warranty Insurance Practice in New York
Apr 18 2017 // Concord Specialty Risk (Concord) has announced that James A. Grayer, Esq. has joined the firm as executive vice president, Reps & Warranty Insurance, after resigning as a partner at Kramer Levin Naftalis & Frankel...
Texas Stamping Office Notes Changes to Eligible Surplus Lines Insurers List
Apr 13 2017 // The Surplus Lines Stamping Office of Texas (SLTX) has identified the following changes to the Texas surplus lines insurers list: Effective Jan. 30, 2017, Fireman’s Fund Insurance Company of Ohio redomesticated to...
U.S. Risk, Aspen Insurance to Offer Specialty Marine Product
Apr 11 2017 // U.S. Risk, LLC has formed a strategic alliance with Aspen American Insurance Co., a subsidiary of Aspen Insurance Holdings Limited, to offer a specialty insurance product designed for the marine industry which will provide...
Liberty Specialty Markets Taps Equinox Global’s Paton as European Head of GFR
Apr 10 2017 // Liberty Specialty Markets (LSM), the London-based subsidiary of Liberty Mutual Insurance Group, has appointed Alexandra Paton as head of Continental Europe for Global Financial Risks (GFR). Paton will be based in both...
Berkshire Hathaway Specialty Sues Goodyear Over Asbestos Claims
Apr 7 2017 // An insurance unit of Warren Buffett’s conglomerate Berkshire Hathaway Inc. said it has sued Goodyear Tire & Rubber Co to avoid having to cover asbestos-related injury claims that Goodyear said nothing about for...
Lonneman Named President of American Empire Surplus Lines Insurance
Apr 7 2017 // Mark R. Lonneman has been named president of American Empire Surplus Lines Insurance Co. (AESLIC), a member of Cincinnati, Ohio-based Great American Insurance Group. He succeeds Fred Woebse, who recently retired. Lonneman...
Beazley Forms ‘Anything Lineslip’ for Hard-To-Place Professional Liability Risks
Apr 6 2017 // Beazley has launched the new Anything Lineslip in London offering terms for all U.S. management, professional, cyber and healthcare liability risks. The Anything Lineslip is led by Beazley, supported by a number of other...
Lloyd’s Begins Operating in India with MS Amlin as 1st Underwriter
Apr 5 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced it has begun to operate in India with MS Amlin as the first Lloyd’s business to join the branch and begin underwriting. Lloyd’s India...
Florida Property Insurers Avoid Ratings Downgrades From Demotech, For Now
Apr 3 2017 // Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning about the effects of assignment of benefits abuse and...
Ryan Specialty Group Agrees to Acquire Assets of New York-Based LoVullo
Mar 31 2017 // Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire substantially all of the assets of LoVullo Associates Inc. (LoVullo), a wholesale insurance brokerage and binding authority operation based in...
Blue River Underwriters Promotes Jared Mathis to Executive Vice President
Mar 31 2017 // Atlanta, GA, March 31, 2017 — Blue River Underwriters, a Breckenridge Insurance Group company, has promoted specialty property senior vice president Jared Mathis to executive vice president of the division. As executive...
