AmTrust E&S Insurance Services is expanding its offerings with the launch of an excess casualty underwriting division. To lead the Los Angeles-based new business unit, AmTrust E&S has hired Jeff Lynn, who brings 15 years of experience in the excess …
The Surplus Lines Stamping Office of Texas (SLTX) plans to launch “SMART,” its new online filing system in 2019. SLTX unveiled the new online system in a video presentation at the Texas Surplus Lines Association 2018 Annual Meeting in Austin …
Overall, 2016 ended on a positive note for the U.S. excess and surplus lines insurance industry, according to the Surplus Lines Stamping Office of Texas (SLTX). Nationally, nearly $26 billion in surplus lines insurance premium was recorded for end-of-year 2016, …
Excess and surplus lines underwriters continued to outperform the U.S. property/casualty industry at large in terms of combined ratio in 2015, Fitch Ratings said in a new market review. The report also cautions that premium growth in the E&S sector …
The Surplus Lines Stamping Office of Texas (SLSOT) is alerting surplus lines insurance professionals in the state that due to the merger of Markel companies Essex Insurance Co. (Essex) into Evanston Insurance Co. (Evanston) on June 30, 2016, Essex has …
The Hartford has agreed to purchase Northern Homelands Co., the holding company of excess and surplus lines insurer Maxum Specialty Insurance Group, for $170 million in cash. According to the announcement, Maxum will maintain its brand and wholesale distribution model …
Safety National Casualty Corporation has acquired an excess and surplus company that will begin operations in March 2016 as Safety Specialty Insurance Company (SSIC). Safety Specialty will initially focus on complementing Safety National’s public entity multi-line program, which includes general …
Norma Carabajal Essary has been appointed as executive director of the Surplus Lines Stamping Office of Texas (SLSOT), effective March 1, 2015. She succeeds Philip R. Ballinger, who retired Jan. 2, 2015, after 22 years of distinguished service. For the …
Maximum, an independent, Chicago, Ill.-based excess and surplus lines wholesale distributor, announced further expansion to its sales team. Chicago additions include Patrick O’Donoghue to the professional practice and Chrissy Fisher to the casualty practice. Heather Hudson, in the Daytona Beach, …
Two insurance rating entities see slowing rate increases for the surplus lines segment in the coming months as competition grows. Moody’s Investors Service said that the U.S. excess and surplus lines sector is experiencing growth and strong profitability, thanks to …
