The wholesale insurance market continues to grow premiums while providing value to retail agents and important options to their customers, according to a report commissioned by the Wholesale and Specialty Insurance Association (WSIA). But the segment must face the challenge …
New digital managing general agency Joyn is expanding its excess and surplus coverage offerings to a total of 28 states plus Washington, D.C. The majority of the new offerings are excess lines of business in 21 states and Washington, D.C, …
It’s an interesting time in the surplus lines industry with insurance rates increasing and capacity being limited in some classes of business. It’s a time when maintaining focus is critical to finding success, according to the president of Amwins Group, …
AXA XL Names Clark as Marine Liabilities Global Practice Leader AXA XL’s Global Marine insurance business has appointed Stephen Clark as its Marine Liabilities Global Practice leader. Based in Chicago, Clark assumes this new role in addition to retaining his …
The chair of W.R. Berkley Corp. has been observing conditions in the excess and surplus and specialty markets for more than five decades and views the current environment as just about the best in that time span. According to William …
This post is part of a series sponsored by The Hanover Insurance Group. The excess and surplus market is growing rapidly. Business is being driven from the admitted market due to actions taken in response to significant weather events, rising …
Increasingly, the world of insurance distribution has become highly specialized, utilizing technology and a multitude of parties to reach customers worldwide. The surplus lines industry is no exception. Surplus lines brokers are not merely intermediaries between insureds and eligible surplus …
A.M. Best has upgraded its outlook for the U.S. excess & surplus lines insurance sector citing its resiliency in the face of pandemic challenges. A.M. Best revised its outlook for U.S. E&S to Stable from Negative. “Despite the widespread impact …
Financial holding company Ambac Financial Group has launched Everspan Group, capitalized with more than $100 million, to focus on writing specialty program insurance business. Everspan Group’s insurance companies include two Arizona-domiciled entities: Everspan Indemnity Insurance Co., an excess and surplus …
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 …
