Excess and Surplus (E&S) News

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 …

Today’s E&S Market Is an ‘Overwhelming’ Success

Business Is Gushing, Underwriters Trying to Keep Up 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 …

Berkley Names Argo’s Edwards as President of Verus Underwriting Managers

W. R. Berkley Corp. has appointed Marlo M. Edwards as president of Verus Underwriting Managers. Edwards succeeds Dale H. Pilkington, who is retiring. Edwards joins Verus with 20 years of experience in the property/casualty insurance industry. She most recently served …

AXA XL’s E&S Casualty Insurance Names 2 U.S. Product Leaders

AXA XL insurance has appointed new Excess & Surplus (E&S) Casualty product leads in the U.S. Ankur Chokshi has been promoted to head of E&S Primary Casualty and Brokerage and Binding Authority while Kimberly Smid joins AXA’s E&S team to …

AIG Names McElroy from Arch as CEO of Lexington Insurance Co.

American International Group Inc. announced that David H. McElroy will join the company as chief executive officer of Lexington Insurance Co. at a date to be determined. McElroy will lead Lexington Insurance Co. and report to Peter Zaffino, chief executive …

Swiss Re Corporate Solutions Names Link to Head E&S Casualty for North America

Swiss Re Corporate Solutions has named Diane Link as head of Excess and Surplus (E&S) Casualty for North America. Link will oversee North American E&S casualty business. Based in Chicago, Link succeeds Mike Kwan, who has decided to leave Swiss …