excess & surplus lines News

Barbican Insurance Launches U.S. Specialty Property MGA Targeting Southeast, Gulf Coasts

Barbican Insurance Group has launched Barbican Specialty US, a new managing general agency (MGA) providing wholesale excess and surplus (E&S) property insurance for small-to-medium-sized commercial operations along the southeastern coast of the United States. Based in Atlanta and Kansas City, …

Future of State Auto Insurance Group’s E&S Business Under Review

Columbus, Ohio-based State Auto Insurance Group (State Auto) is reviewing options for its excess and surplus (E&S) lines business, including a possible sale, the company said in an announcement. State Auto has a market valuation of about $981 million, according …

Industrial Insurer HDI Global Forms Excess Surplus Lines Carrier

Industrial insurer HDI Global Insurance Co. (HDI) has formed an excess and surplus lines subsidiary, HDI Specialty Insurance Co. The new platform will “bring European expertise and solutions” to the alternative energy, private public partnerships (P3s), and design-build construction markets, …

WestCongress Insurance Services Opens in Detroit

WestCongress Insurance Services LLC, a newly created managing general agent (MGA) for the specialty commercial insurance marketplace, has opened in Detroit. WestCongress will focus on excess and surplus (E&S) lines coverage in niche and underserved segments. The company’s initial product …

Patrick Ryan on Today’s E&S Business and Using Aon Experience to Build RSG

After a notable 50-year insurance career that has included starting and leading two highly successful insurance brokers, 79-year-old Patrick Ryan didn’t mince words when asked if he will ever retire: “No.” Many thought that retirement was Ryan’s plan when he …

Lloyd’s America Chief Says E&S Sector ‘Best Kept Secret’

If insurance is the best kept secret in the business world, then the E&S sector is the best kept secret in the insurance industry. That’s according to Hank Watkins, president of Lloyd’s America, who talked fondly on Thursday about excess …

Ariel Re Launches Ariel Specialty Insurance Managers

Ariel Specialty will commence underwriting E&S property business on March 1st, 2015, with business being written through wholesale brokers only on a limited appointment basis and on behalf of Ariel’s Lloyd’s Syndicate 1910. The new E&S property underwriting unit underwriting …

Surplus Lines Rate Hikes to Slow As Competition Grows

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 …

General Star Upgrades Chemical Product Manufacturers, Distributors Coverage

General Star Management Co. has unveiled underwriting enhancements for chemical product manufacturers and distributors. For the first time, General Star will offer occurrence form coverage for manufacturers and distributors of certain less hazardous chemicals, including those categorized as “environmentally green.” …

Getting a Grip on Ridesharing Coverage

Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and new ridesharing companies have been cropping up everywhere trying to ride the success of the three major …