excess and surplus News

Texas’ HIIG Launches New E&S Brokerage Business Unit

Houston International Insurance Group Ltd. (HIIG) has launched an E&S (excess and surplus) brokerage business unit to provide liability and property insurance products and services to the wholesale brokerage market. The unit will be led by Mark Boland, supported by …

California Leads Nation in Surplus Lines Premiums on 5th Year of Record Growth

Premium data from all surplus lines stamping offices for 2019 shows that California once again led the nation in total surplus line premiums, possibly boosted by construction spending and wildfires. The Surplus Line Association of California recorded $9.09 billion in …

Swiss Re to Create Standalone E&S Unit for U.S.

Swiss Re Corporate Solutions has announced the creation of a standalone excess and surplus (E&S) business unit in North America. This unit will include Swiss Re’s traditional E&S property and E&S casualty groups, which will be fortified with the addition …

California Wholesaler Conference Questions: Rising Premiums, Disruption, Disasters?

Surplus lines in California had a great year with more premium and more items, such as policies and endorsements sold. However, surplus lines brokers had to work harder for all that premium. That’s according to Ben McKay, executive director of …

Lack of Insurance Halts Gunfighters Show in Wyoming

The Cody Gunfighters show in Wyoming will not resume anytime soon. And that’s because the organizers can’t get insurance. The Cody Enterprise reported the performers were unable to acquire liability insurance, which keeps the show on the shelf for the …

California Wholesalers Conference Tackled Everything from Marijuana to Trump

How legalized marijuana and President-elect Donald Trump will affect the insurance industry, a possible merger of the nation’s two major excess and surplus lines organizations, renewing the National Flood Insurance Protection Program, California laws expected for 2017, incremental insurance. There …

XL Launches Primary Auto Product Line, Taps Miller to Lead

XL Group’s excess & surplus (E&S) insurance is adding primary auto capabilities to its product line and has added Andrew Miller as underwriting manager to lead this business. According to John Goodloe, president of XL Group’s E&S business, the company …

Excess Insurance and Equitable Subrogation: Oklahoma Clarifies Equitable Subrogation Rule

Most jurisdictions have held that an insurance company with the primary policy owes a duty of good faith and fair dealing to the insurance company with the excess policy requiring a settlement of claims within the primary carrier’s policy limits …

Berkshire Hathaway Specialty Insurance Now Open for Business

Berkshire Hathaway’s Berkshire Hathaway Specialty Insurance, its recently formed commercial property casualty insurance group, has commenced operations, underwriting property, casualty, professional and executive liability insurance and programs for customers in the U.S. “It’s official: We are moving into commercial insurance …

Scottish American Capital Acquires N.Y.-Based MGA Buckingham Badler

New York-based investment fund Scottish American Capital has acquired managing general agent Buckingham Badler Associates, also of New York.Founded in 1973, Buckingham Badler Associates is based in Staten Island, N.Y., with additional offices in Islandia on Long Island, N.Y., and …