specialty lines News

SECURA Insurance Begins Offering Specialty Lines Products in Pennsylvania

SECURA Insurance has begun offering its specialty lines products in Pennsylvania. For the initial launch, the company is partnering exclusively with Keystone agencies throughout the state focusing on classes such as special events, sports and recreation, outdoor recreation, human services …

Investors Complete Acquisition of Specialty Insurer ProSight Under Plan to Go Private

Investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management said they have completed the acquisition of ProSight Global, Inc., a New Jersey-based domestic specialty insurance holding company. As announced in January, the two firms agreed …

Hallmark Financial Plans to Pursue IPO of Specialty Commercial Business

Hallmark Financial Services Inc., a property/casualty insurance company with three business segments – Specialty Commercial, Standard Commercial and Personal – plans to pursue an initial public offering of a non-controlling ownership stake in the core businesses within the Specialty Commercial …

Insurer Hallmark Financial Explores Splitting Off Its Specialty Commercial Lines Business

Hallmark Financial Services, a specialty property/casualty company, announced Thursday that it is exploring the separation of its specialty commercial business to unlock its value and improve access to capital. Currently the company is comprised of three business segments—specialty commercial, standard …

Ironshore Expands, Realigns Its Wholesale Distribution with Branch Managers

Ironshore, the Liberty Mutual specialty insurance company, has expanded and realigned its wholesale distribution platform with local offices headed by branch managers. The company believes the new arrangement will better meet the needs of the wholesale brokerage market. The company …

Specialty Lines Insurance: Innovating at the Edges of Society and the Economy

Emerging risks with little or no claims history can be notoriously difficult to underwrite—but many specialty lines companies are finding ways to put their toes in the water to insure these new risks, especially when customer demand is there. In …

HDI Global Specialty Acquires Neon Underwriting’s Bloodstock Team

HDI Global Specialty SE, the new specialty lines insurer, has acquired Neon Underwriting’s bloodstock team. The team is led by Mark Edwards, who has been Neon’s head of Specialty and class underwriter bloodstock/livestock since 2008. Edwards brings with him a …

Prime Insurance to Write Specialty Lines in New Hampshire, Rhode Island

Prime Holdings Insurance Services Inc. (Prime Holdings) announced that its subsidiary, Prime Insurance Company (Prime), recently received approval to write specialty lines insurance coverage in New Hampshire and Rhode Island. This move is an indication of how Prime is working …

Guy Carpenter Promotes Boyce to Deputy CEO of Global Specialties

Guy Carpenter & Co., the global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Cos., announced that James Boyce has been promoted to deputy CEO, Global Specialties, effective immediately. Based in London, he will report to …

Sompo Canopius Hires de Haldevang as Global Head of Specialty

Sompo Canopius AG announced that Bernie de Haldevang is joining the group as global head of specialty. He will be responsible for further developing the group’s political risks lines and its accident & health and casualty lines, as it looks …