Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Carnegie-Brown to Become Chairman of Lloyd’s, Succeeding Nelson: Sources
Feb 17 2017 // Bruce Carnegie-Brown, former CEO of Marsh Europe and non-executive chairman of Aon UK, will shortly be named the new chairman of Lloyd’s, succeeding John Nelson who had announced in 2015 that he would retire this...
Corporation of Lloyd’s Bans Booze During Work Hours
Feb 15 2017 // Once part of the London/Lloyd’s market culture, the days of liquid lunches have mostly disappeared with many companies requiring that their employees abstain during work hours. The Corporation of Lloyd’s, which...
Lloyd’s Sees Political Risk Insurance Opportunity in Trump, Brexit
Feb 15 2017 // Lloyd’s of London Chief Executive Officer Inga Beale said Donald Trump’s presidency and the U.K.’s planned exit from the European Union are creating opportunities to sell insurance guarding commercial...
Ironshore Forms Oil & Gas Facility for Middle Market Energy Sector
Feb 14 2017 // Ironshore Specialty Casualty has formed Ironshore Energy Solutions, a dedicated oil & gas facility, offering liability coverages for on-shore middle market energy classes in the United States. Ironshore Insurance...
Palomar Specialty Launches Residential Flood Program in California
Feb 14 2017 // Palomar Specialty Insurance Co. has launched Flood Guard, a private flood program in California that uses an advanced and granular proprietary rating system. Palomar used catastrophe modeling firm AIR Worldwide’s...
RSA Global Risk Solutions Launches New Structure to Enhance Client Focus
Feb 10 2017 // RSA has introduced a new Global Risk Solutions (GRS) operating model aimed at delivering brokers and customers improved access to decision-makers and enabling GRS to operate with more focus in its chosen markets. Effective...
BHSI Opens London Office, Expands UK & Southern Europe Team
Feb 8 2017 // Berkshire Hathaway Specialty Insurance Co. (BHSI), in coordination with its affiliate Berkshire Hathaway International Insurance Ltd. (BHIIL), announced it has opened a new office in London. In addition, key executive...
RIC Insurance Names Campbell Senior E&S Broker in California
Feb 7 2017 // RIC Insurance General Agency has named Travis Campbell as a senior broker to expand its excess and surplus division. Campbell will be working primarily with retail insurance agents in the California counties of Orange, San...
Beazley Buys Canadian Specialty MGA, Creechurch Underwriters
Feb 6 2017 // Beazley is expanding its presence in Canada with the acquisition of the specialist managing general agent, Creechurch Underwriters. The financial terms of the transaction were not disclosed. Since its founding in 1996,...
People
Feb 6 2017 // International insurance brokerage and risk management services firm Arthur J. Gallagher & Co., based in Itasca, Ill., has promoted James W. Durkin Jr. and William F. Ziebell in its employee benefit division. Durkin,...
E&S Market Continues to See Growth in Premium: Texas Stamping Office
Feb 6 2017 // Overall, 2016 ended on a positive note for the U.S. excess and surplus lines insurance industry, according to the Surplus Lines Stamping Office of Texas (SLTX). Nationally, nearly $26 billion in surplus lines insurance...
Texas Stamping Office Updates Eligible Surplus Lines Insurers List
Feb 2 2017 // The Surplus Lines Stamping Office of Texas (SLTX) has identified the following changes to the Texas the list of eligible surplus lines insurers in the state. Approved eligible insurers effective Jan. 1, 2017 include alien...
RSGUM Acquires Interstate Insurance Management in Pennsylvania
Jan 30 2017 // RSG Underwriting Managers (RSGUM) has agreed to acquire the total assets and operations of Interstate Insurance Management Inc. (Interstate). Interstate was represented in the transaction by Marsh, Berry & Company Inc....
California Surplus Lines Are Now A Bigger Chunk of the Commercial Market
Jan 27 2017 // The phrase “new normal” might be a cliché, but it was too hard for Ben McKay, executive director of the Surplus Lines Association of California, to avoid using when describing the state’s excess and...
Brit Launches Lutine Yacht Consortium with Capacity of $250M
Jan 26 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...
CEO and President of E&S Carrier Takes Flight Across The Country to Meet With Agents and Brokers
Jan 26 2017 // Chicago and Salt Lake City, January 26, 2017- Nothing stands between Rick J. Lindsey, CEO, Chairman and President of Prime Insurance Company, and the great agents and brokers of this country. Starting Monday, February 6,...
W.R. Berkley Suspends Marine Underwriting in London: Sources
Jan 25 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, Insurance Journal can reveal. W/R/B Underwriting, the...
Texas Stamping Office: Upward Trend Continues for Surplus Lines
Jan 24 2017 // Overall, 2016 ended on a positive note for the U.S. excess and surplus lines insurance industry, according to the Surplus Lines Stamping Office of Texas (SLTX). Nationally, nearly $26 billion in surplus lines insurance...
StarStone Partners with Dubai-Based MGA; Swiss Re’s Hussey Appointed
Jan 24 2017 // StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced a joint venture partnership with Malakite Underwriting Partners Ltd., a managing general agent in Dubai, subject to regulatory...
Surplus Lines Specialty Coverages on the Upswing in Texas
Jan 23 2017 // The Surplus Lines Stamping Office of Texas, which recently changed its acronym from SLSOT to SLTX, reported at the end of 2016 that the number of surplus lines policy filings had surpassed the numbers recorded in 2014 or...
