excess and surplus lines insurance News

Florida E&S Market Leveling Off After Years of Growth, FSLSO Data Show

The steady growth in excess and surplus lines’ business in Florida appears to be leveling off, another sign that the insurance market in the state is settling down after years of turbulence. “January’s figures signaled a shift, and February 2025 …

Nonresident Surplus Brokers in Alabama Must Have $50,000 Bond Starting Jan. 1

Nonresident surplus lines brokers working in Alabama, like their in-state brethren, must secure a $50,000 fidelity bond to be licensed in the state, starting Jan. 1. The Alabama Department of Insurance posted the bulletin last week. A form is available …

Florida Specialty Insurer Fortegra Shelves IPO Plans at the Last Hour

Jacksonville-based specialty insurer Fortegra Group has withdrawn its plans for an initial public offering in the United States, just hours before the IPO and nearly three years after the company scrapped its earlier listing plans. The move by Fortegra, a …

New Sirius U.S. Excess & Surplus Unit Begins Writing Environmental Business

Sirius International Insurance Group Ltd. announced its new U.S.-based excess & surplus lines (E&S) platform, called Sirius Specialty Insurance Co. (SSIC), will begin underwriting business produced by the company’s Environmental Division, effective Jan. 1, 2021 Earlier this year, Sirius Group …

Lloyd’s to Exit U.S. Admitted Market, Focus on U.S. Surplus Lines, Reinsurance

Lloyd’s announced it plans to stop accepting admitted market accounts in the U.S. in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the market leader. As part of this strategy …

Texas Surplus Lines Filings Up 14.5% in Q1 2020 Compared with Q1 2019

The Surplus Lines Stamping Office of Texas (SLTX) reports that excess and surplus lines insurance premium recorded for the first quarter of 2020 is up 14.5% compare with the same period last year. Additionally, the Q1 2020 filings represent a …