Excess and Surplus (E&S) News

Applied Specialty Underwriters Names Black to Lead Middle Market Surplus Lines

Applied Underwriters has named John Black, Sr., CPCU, to lead its expansion into middle market surplus lines. As executive vice president of the newly-expanded Applied Specialty Underwriters, Black, who has 35 years of underwriting experience, will focus on middle market …

Digital E&S Insurance Broker Pathpoint Makes Its Debut

Pathpoint, a new brokerage for excess and surplus lines, is billing itself as an all-digital wholesale brokerage built from the ground up. Pathpoint is licensed across the U.S. and is a coverholder at Lloyd’s of London. It distributes admitted and …

The State of Surplus Lines Insurance: Busy Solving Risk Puzzles in a Complex World

Insurance professionals in the surplus lines sector are busy. Busy adapting to a changing business world during COVID-19. Busy adapting to a changing property/casualty market where standard lines insurers are steadfastly shedding undesirable accounts. Busy adapting to a market that …

Ascot Starts E&S Casualty Unit for U.S.; Welcomes AXA’s Roy as Senior VP

Specialty insurer Ascot has started an Excess & Surplus Casualty division for the U.S. and appointed Matthew Roy as senior vice president for the new wholesale unit. Writing exclusively on a wholesale basis, the division will focus on middle market …

Chubb Promotes 2 in Leadership Changes at Westchester and Financial Lines Businesses

Global insurer Chubb announced that Scott Meyer will succeed retiring Bruce Kessler as senior vice president, Chubb Group and division president of Westchester, the company’s wholesale and excess and surplus lines insurance business. As division president of Westchester, Meyer will …

Dubai’s IGI Bermuda to Begin Writing E&S in U.S.

Dubai, United Arab Emirates-based International General Insurance Holdings said that its Bermuda subsidiary, International General Insurance Co., has been granted provisional approval to begin writing U.S. excess and surplus lines business effective April 1, 2020. The company said the approval …

New Specialty Re/Insurer Convex Authorized to Write Excess and Surplus Lines in U.S.

Convex Group, the Bermuda-based international specialty insurer and reinsurer, announces that its UK insurance subsidiary, Convex Insurance UK Ltd., has been added to the National Association of Insurance Commissioners (NAIC) Quarterly Listing of Alien Insurers with effect from Oct. 1, …

New CEO Levinson on Rebuilding Lexington Insurance

Success for a specialty lines carrier is about discipline. It’s about walking away from classes of business or lines of business when rates are no longer adequate. It’s about having the courage to make substantial changes. That’s according to Lou …

Strong E&S Premium Growth in Response to Weak Results; Top 15 E&S Writers: Fitch

Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to Fitch Ratings. The trend continued its …

Excess & Surplus Market Soars as Standard Carriers, Lloyd’s Drop Accounts

Demand for surplus lines insurance rose dramatically in 2018 and is continuing to expand this year, so much so that some in the sector are feeling a bit overwhelmed. The excess and surplus lines sector is enjoying its largest growth …