Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
HDI Global Specialty Launches Digital Platform for General Aviation in Canada
Mar 27 2023 // HDI Global Specialty SE (HDI) has launched a new insurance platform in Canada which delivers general aviation policies to brokers in minutes. The platform, called “Aviation IQ” delivers end-to-end digital...
Connecticut Lawmakers Weigh Lifting Surplus Lines Renewal Rule
Mar 24 2023 // Connecticut’s Insurance and Real Estate Committee has advanced a surplus lines insurance measure that the industry says would lift an unnecessary administrative burden but the state insurance regulator believes would...
Insurers Continue to Cover Ukraine Grain Corridor Shipments, for Now: Lloyd’s Chairman
Mar 24 2023 // Insurers continue to cover grain shipments from Ukraine through a U.N.-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was...
Lloyd’s of London Swings to 2022 Pre-Tax Loss on Investments but U/W Profits Up
Mar 23 2023 // Lloyd’s of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investments, it said on Thursday. The pre-tax loss was 800 million pounds ($982.56 million), compared with a profit of 2.3...
People Moves: Specialty MGA Nirvana Taps Sompo’s Mannsdorfer for European Underwriting; Verlingue Hires Hiscox’s Bethell as Head of Private Clients
Mar 22 2023 // This edition of International People Moves details appointments at media, tech and cyber MGA, Nirvana, and the broker Verlingue. A summary of these new hires follows here. New Specialty MGA Nirvana Taps Sompo’s...
People Moves: Surplus Line Association of California Promotes Trumbly, Adds Mayet
Mar 21 2023 // The Surplus Line Association of California, headquartered in San Ramon, California, promoted Barbara Trumbly to senior vice president and has hired Yusuf Mayet as the organization’s vice president for...
NSM Insurance Adds 3 Medical Stop Loss, Managed Care Specialty Firms
Mar 20 2023 // Pennsylvania-based insurance program specialist NSM Insurance Group has completed its acquisition of three businesses that specialize in the field of medical stop loss insurance and managed care insurance. The firms are...
People Moves: QBE North America Promotes Foley to Pres. Commercial Insurance; Browne to Lead AGCS Specialty Business
Mar 16 2023 // QBE North America Promotes Foley to President of Commercial Insurance QBE North America has promoted Michael Foley to president, commercial insurance. Foley will be responsible for planning, directing, and executing the...
Citgo’s Lawsuit Against Lloyd’s Insurer Over Seized Venezuelan Oil Gets Go-Ahead
Mar 16 2023 // Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after Venezuelan authorities in 2020 seized almost a million barrels of its oil. US District Judge Gregory...
People Moves: Lloyd’s Names James as COO, Taking Over From Keese Who Continues as CFO; Howden Tiger Builds Int’l Treaty Team With Appointment of Ed Broking’s Jani
Mar 14 2023 // This edition of International People Moves details appointments at Lloyd’s and Howden Tiger. A summary of these new hires follows here. Lloyd’s Names James as COO, Taking Over From Keese Who Continues as...
Mosaic Insurance Opens Singapore Office, Hiring 2 Specialty Underwriters
Mar 13 2023 // Mosaic Insurance has opened an office in Singapore and hired two specialty underwriters to build its transactional liability business across the Asia-Pacific region. Benn Wilson will serve as regional CEO, and head of Asia...
Markets/Coverages: Coalition Enters UK Excess Cyber Insurance Market
Mar 13 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it will enter the excess cyber insurance market in the United Kingdom to help protect businesses with enhanced coverage. By...
People Moves: Valley Insurance Hires Weis as Personal Lines Coach; Ryan Specialty Promotes VanAcker to EVP
Mar 10 2023 // Valley Insurance Agency Alliance Hires Weis as Personal Lines Coach Valley Insurance Agency Alliance (VIAA) recently hired Brett Weis as personal lines coach. Weis will work with the VIAA’s development team and coach...
Lloyd’s Third-Party Managing-Agent Asta Opens Service Company in Singapore
Mar 10 2023 // Asta, the leading third-party managing agent at Lloyd’s, announced it is strengthening its global presence by establishing a service company in Singapore. With the Asian market presenting extensive opportunities,...
UK Specialty MGA Nirvana Launches With ‘Ambitious Growth Plans’
Mar 9 2023 // Nirvana, a London-based managing general agent, has launched in London after acquiring leading media, tech and cyber underwriter, Nirvana Risk Partners, from the MGA formation platform Castel Underwriting Agencies in a...
Lloyd’s Expects 2022 Loss of $947.6M on Investments; Underwriting Results ‘Strong’
Mar 9 2023 // Lloyd’s reported an interim full-year 2022 loss before tax of £800 million ($947.6 million) as a result of investment losses of approximately £3 billion ($3.6 billion). This compares to a profit of £2.3 billion...
United Insurance Holdings Moves Forward With Specialty Commercial Business: CEO
Mar 6 2023 // United Insurance Holdings Corp. Corp. said it will move on to focus on specialty commercial lines business following news last month that its subsidiary United P&C Insurance Company (UPC) being was placed in...
Specialty Re/Insurer Canopius Expands in APAC, With Launch of Melbourne Office
Mar 1 2023 // Canopius Group, the global specialty re/insurer, announced the opening of a new trading office in Melbourne, Australia. The operation will be led by David Mutton, who joins Canopius as casualty underwriter, APAC with...
Consilium Launches Specialty Treaty Reinsurance Division
Feb 24 2023 // Consilium, the global speciality re/insurance broking business of the Aventum Group, announced the launch of a new Specialty Treaty Reinsurance division. The new treaty division will complement Consilium’s existing...
Surplus Lines Risk Factors
Feb 20 2023 // A generation has passed since the last hard market and a substantial proportion of the people employed in agencies today have never experienced one. This means they have never dealt with surplus lines in such large volumes...
