Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Munich Re Syndicate’s Hoare Elected to Council of Lloyd’s
Mar 9 2017 // Dominick Hoare, chief underwriting officer for Munich Re Syndicate Ltd., was elected this week to the position of corporate-external member to the Council of Lloyd’s, which is the body responsible for the supervision...
Wholesale Broker Groups NAPSLO, AAMGA Merging to Form WSIA
Mar 8 2017 // The insurance industry could soon have a new acronym: WSIA. Introducing the Wholesale and Specialty Insurance Association (WSIA). That’s the name and acronym for the new wholesale, specialty and surplus lines...
Lloyd’s MGA, CFC Underwriting, Launches Cyber Incident Response App
Mar 6 2017 // CFC Underwriting, the London-based specialist lines underwriting agency, announced the launch of a new cyber incident response application. The app allows policyholders to notify a claim with a click of a button and...
People
Mar 6 2017 // Bruce Carnegie-Brown will become the chairman of Lloyd’s following a meeting of the Council of Lloyd’s where his appointment as successor to John Nelson was approved unanimously. His appointment also was...
Owner of Northern Illinois Insurance Agency Charged with Defrauding Clients
Mar 2 2017 // The owner of a Rockford, Illinois-based managing general agency that last year had its license revoked or non-renewed by two separate state insurance departments has been indicted by a federal grand jury for mail and...
Trump’s ‘America First’ Trade Policy Overlooks America’s Exports of Services
Mar 2 2017 // One thing that’s often missed in President Donald Trump’s complaints about the U.S. trade deficit is America’s $248 billion surplus in exports of services like education, financial services and...
Argo’s Carr to Head U.S. Cyber Insurance Unit for Brit Global Specialty
Mar 1 2017 // Brit Global Specialty USA is launching a Cyber and Technology team and has hired Michael Carr appointed as senior vice president to lead the offering. Carr was formerly Technology practice leader for Argo Group. He has 30...
BGC Partners Buys Lloyd’s Broker Besso Insurance
Mar 1 2017 // BGC Partners Inc., a London and New York-based broker serving the financial and real estate markets, announced it has completed the acquisition of Besso Insurance Group Ltd., an independent Lloyd’s of London...
Marsh Launches New Excess Medical Professional Liability Policy Form
Feb 27 2017 // Marsh has unveiled a new excess medical professional liability (MPL) policy form that combines industry favorable MPL terms and conditions into a single excess policy to be used by commercial insurers. Developed by...
Brinson Takes Over as President of Texas Surplus Lines Assoc.
Feb 24 2017 // Teri Brinson, executive vice president of M.D. Jensvold & Co., has taken over as president of the Texas Surplus Lines Association (TSLA) for 2017. She brings more than 35 years of experience and leadership in the...
Ryan Specialty Group to Acquire Trident Marine Managers
Feb 24 2017 // RSG Underwriting Managers (RSGUM) announced an agreement to acquire Trident Marine Managers Inc. and related claims adjusting affiliates (Trident), headquartered in Houston. Trident is a specialty marine managing general...
WestCongress Insurance Services Opens in Detroit
Feb 23 2017 // WestCongress Insurance Services LLC, a newly created managing general agent (MGA) for the specialty commercial insurance marketplace, has opened in Detroit. WestCongress will focus on excess and surplus (E&S) lines...
Hanover Insurance Restructures Agency Business; Eyes Specialty Expansion
Feb 23 2017 // The Hanover Insurance Group Inc. is making some organizational changes as it implements what its CEO calls its “go-forward business strategy, Hanover 2021” that is focused on growing responsibly, managing...
California Surplus Lines Association Elects Ciardello Chairman of the Board
Feb 23 2017 // The members of the Surplus Line Association of California have elected Tom Ciardello, senior executive vice president of Worldwide Facilities LLC, as the chair of the SLA board of directors. Ciardello’s election was...
Carnegie-Brown Appointed as Next Lloyd’s Chairman
Feb 21 2017 // It’s official: Bruce Carnegie-Brown will become the next chairman of Lloyd’s. Following a meeting of the Council of Lloyd’s, his appointment as successor to John Nelson was approved unanimously. His...
Texas Stamping Office Updates Eligible Surplus Lines Insurers List
Feb 20 2017 // The Surplus Lines Stamping Office of Texas (SLTX) has identified changes to the list of eligible surplus lines insurers in the state. Approved eligible insurers effective Jan. 1, 2017, include alien insurers Lloyd’s...
People
Feb 20 2017 // U.S. Risk, a global property/casualty wholesaler and managing general agency based in Dallas, named Wayne H. Carter III as president of U.S. Risk Underwriters Inc., its programs group. Carter assumes senior level...
U.S. Estimates Hurricane Matthew Damage to Recreational Boats at $110M
Feb 20 2017 // Hurricane Matthew, which threatened four coastal states as it corkscrewed through the Atlantic in early October, caused an estimated $110 million in damage to recreational boats, according to Boat Owners Association of The...
W.R. Berkley Suspends Marine Underwriting in London: Sources
Feb 20 2017 // W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward. W/R/B Underwriting, the company’s Lloyd’s...
Brit Launches Lutine Yacht Consortium with Capacity of $250M
Feb 20 2017 // Brit Ltd., the London-based specialty insurer, announced the launch of a new Lloyd’s consortium for yachts, called the Lutine Yacht Consortium. The consortium has a capacity of $250 million, offering 100 percent...
