Excess/Surplus News

Cannabis Broker Spotlight: Schutz with NIF Group is a ‘Cannabis Ninja’

Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …

Digital E&S Broker Pathpoint Offers Multiple Cyber Quotes to Retail Agents

Pathpoint, a digital excess and surplus lines insurance broker, said it is offering a new capability to independent retail agents: access to multiple cyber insurance quotes through a single online application containing only nine underwriting questions. The new product allows …

Obsidian Specialty Insurance Company Receives A- Rating from AM Best

AM Best has assigned the recently-formed excess and surplus (E&S) lines insurer, Obsidian Specialty Insurance Company, a financial strength rating of A- (Excellent). Obsidian Specialty is a program fronting carrier serving managing general agents, managing general underwriters and program managers. …

Penniall’s Integrity and Creativity Highlighted in Monarch’s Knightly Ads

Don Penniall beat “dilly-dilly” to the punch a long time ago. Penniall was a creative, well-liked insurance professional who had the fortitude to launch his own firm later in life, those who remember him say. Penniall died on Sept. 23, …

California Surplus Lines Are Now A Bigger Chunk of the Commercial Market

The phrase “new normal” might be a cliché, but it was too hard for Ben McKay, executive director of the Surplus Lines Association of California, to avoid using when describing the state’s excess and surplus market in 2016 and going …

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 …

The Changing Surplus Lines Landscape in California and Beyond

The changing excess and surplus insurance landscape was an oft discussed topic on Monday, with experts describing the challenges and opportunities going forward. “The business that we have and the risk we see is going to be changing. No question.” …

NAPSLO Panel: Tech Disruption May be Good for E&S Market

“There are no rules. If you can figure out how to quantify a risk and define it, then you can insure it.” Hank Haldeman, president of the board of directors for the National Association of Professional Surplus Lines Offices, sounded …

Aon Revises London Short Excess Liability Follow Form for Global Clients

Aon Risk Solutions, the global risk management business of Aon plc, has released its latest London Short Excess Liability Follow form policy (London Short #2) to provide clients with more contract certainty, clarity and consistency of coverage. The previous version …

Westrope Named President of Surplus Lines Group, NAPSLO

Kevin T. Westrope, president of Westrope, an independent wholesale brokerage based in Kansas City, Mo., has been elected to serve as the new president of the National Association of Professional Surplus Lines Offices (NAPSLO) for the 2013-2014 term. Westrope has …