Trending Excess Surplus Headlines
The most viewed headlines from our Excess Surplus Topic Page over the last 30 days.
#1 Baltimore Bridge May Trigger Historic Marine Loss, Lloyd’s of London Says
Mar 28 2024 // Insurance payouts for Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd’s of London Chief Executive Officer John...
#2 Viewpoint: US E&S Sector Is Booming…But Is it Too Much Business to Handle?
Apr 8 2024 // Executive Summary: Specialty insurance has experienced significant growth in recent years. Greg Gaydos, senior business development executive at Zywave, looks at the reasons and advises how to best take advantage of its...
#3 Berkley CEO: Property E&S Momentum Slows but ‘Some More Hay’ to Be Made
Apr 24 2024 // When it comes to observations of the excess and surplus lines market, there is a difference between the momentum of liability and property lines, said W.R. Berkley CEO W. Robert Berkley, Jr. Addressing some talk that has...
#4 Lancashire Launches US Excess & Surplus Lines Carrier
Apr 8 2024 // Lancashire Insurance, a subsidiary of Lancashire Group, has been launched as an excess and surplus insurer in the US, expanding the company’s international footprint. Lancashire Group, the Bermuda-based Lloyd’s...
#5 Insurer Bowhead Specialty’s IPO Filing Shows Profit More Than Doubled in 2023
Apr 15 2024 // Bowhead Specialty Holdings disclosed on Friday that its net profit more than doubled in 2023, as the insurance underwriting company made its IPO filing public amid a rebound in fresh U.S. listings. The U.S. initial public...
#6 Munich Re Specialty Launches FAIR Plan Commercial Wrap Product in California
Apr 12 2024 // Munich Re Specialty Insurance is launching a FAIR Plan Commercial Wrap, available to commercial insureds in California who seek comprehensive coverage in tandem with their FAIR Plan coverage. MRSI’s FAIR Plan...
#7 People Moves: Miller Promoted to Lloyd’s Americas CEO as Watkins Exits
Apr 11 2024 // Lloyd’s said Dawn Miller has been named chief commercial officer and CEO of Lloyd’s Americas. Dawn Miller Miller, who joined Lloyd’s in 2022 and oversees its global network as commercial director, will...
#8 Construction-Focused MGA, Phoenix Specialty, Launches With Capacity From AXA UK
Apr 9 2024 // Acies MGU, the London-based managing general underwriter and MGA incubator, announced the launch of Phoenix Specialty, a specialist MGA serving the construction sector. Phoenix will be led by managing director Tim James,...
#9 AJG Acquires Florida’s Specialty Risk Management Agency
Apr 2 2024 // The global insurance brokerage Arthur J. Gallagher has acquired Fort Myers-based Specialty Risk Management Services and its affiliate agency, Private Client Insurance Services, the broker announced Monday. Specialty Risk...
#10 People Moves: McGill Expands Global Property Team; Lawrence Joins Alliant; Berkshire Specialty Promotes Bowman
Apr 18 2024 // McGill Hires Milne and Cabot to US Property Team McGill and Partners, headquartered in London, appointed Duncan Milne and Cabot Lyman as partners to the firm’s U.S. property team. Milne joins the firm as a partner...
#11 Lloyd’s of London Swings to $13.5 Billion Profit in 2023
Mar 28 2024 // Lloyd’s of London swung to a pre-tax profit of 10.7 billion pounds ($13.51 billion) in 2023, the commercial insurance market said on Thursday, boosted by strong underwriting and investment performance. The insurance...
#12 People Moves: RT Specialty Promotes Murrey to President of Commercial Lines Binding Authority
Apr 12 2024 // RT Specialty, the wholesale distribution division of Ryan Specialty, headquartered in Chicago, promoted Jason Murrey to president of commercial lines binding authority. Murrey joined RT Specialty in 2017 through the...
#13 Fidelis Partnership Gets ‘In Principle’ Approval From Lloyd’s to Launch Syndicate
Mar 28 2024 // The Fidelis Partnership, the Bermuda-based managing general underwriter, announced that Lloyd’s has granted “in principle” approval for the launch of Syndicate 3123 in collaboration with Fidelis Insurance...
#14 Lloyd’s Reports Banner Year in 2023 but “Disciplined Underwriting” Must Be Maintained
Apr 1 2024 // The strong 2023 results at Lloyd’s reaffirm the primacy of underwriting, “but it’s one year and therefore not a reason for complacency,” said Patrick Tiernan, chief of markets, in a market message...
#15 U.S. E&S Sector Is Booming … But Is it Too Much Business to Handle?
Apr 1 2024 // The excess and surplus (E&S)lines and specialty insurance market is booming and looks set to continue its upward trajectory. The question is whether the sector currently has the resources to take advantage of these...
#16 California Insurance Wholesalers Association (CIWA) Continues Collaboration with National Surplus Lines Associations for Third Consecutive Year
Apr 17 2024 // CIWA’s Annual Summer Forum 2024 set to foster collaboration and engagement FAIRFIELD, CA – April 17, 2024 – The California Insurance Wholesalers Association (CIWA), a leading professional trade association...
