Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s Insurer Ascot Resumes Quoting Cargo Insurance for Black Sea Grain Shipments
Nov 2 2022 // Lloyd’s of London insurer Ascot is once again quoting on its cargo insurance facility for the Black Sea grain corridor, the facility’s lead underwriter said on Wednesday after Russia announced it would resume...
Update: Lloyd’s Insurer Ascot Pauses Writing New Cover for Ukrainian Grain Shipments
Oct 31 2022 // Lloyd’s of London insurer Ascot is suspending writing cover for new shipments using the Ukrainian grains corridor in the Black Sea until it has more clarity about the situation there, a senior official said on...
W.R. Berkley Forms E&S Solutions Unit
Oct 28 2022 // W. R. Berkley Corporation has formed Berkley E&S Solutions, a new business unit that will provide surplus lines casualty coverages to middle-market and large accounts through individual wholesale broker...
Dubai Aerospace Sues 11 Insurers, Including Lloyd’s, AIG, Chubb, for Jets Stuck in Russia
Oct 28 2022 // Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd’s of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19...
People Moves: HDI Global Specialty UK Promotes Wilcox in DA; Howden RE Hires 3 From Aon for New Disability, L&H Reins. Unit; IQUW Taps Volante’s Waltier for Prof. Lines
Oct 25 2022 // This edition of International People Moves details appointments at HDI Global Specialty, Howden RE and HDI Global Specialty. A summary of these new hires follows here. HDI Global Specialty UK Promotes Wilcox as Director of...
Louisiana’s Donelon Traveling to London to Meet With Lloyd’s
Oct 24 2022 // The Louisiana Department of Insurance (LDI) announced Commissioner Jim Donelon is traveling to London this week to meet with leaders from Lloyd’s of London (Lloyd’s) and the International Underwriting...
Broker UIB Forms Corporate & Capital Risks Practice After Restructuring Specialty Lines
Oct 24 2022 // United Insurance Brokers (UIB), the London-based re/insurance broker, announced the formation of its Corporate & Capital Risks practice. This announcement comes after UIB restructured its Specialty Lines Division this...
People Moves: Munich Re’s Blunck to Succeed Jeworrek Who Is Stepping Down; Lloyd’s Market Association Appoints 3 New Board Members
Oct 20 2022 // The Supervisory Board of Munich Re has appointed Dr. Thomas Blunck (age 57) as the chair of the Reinsurance Committee of the group’s Board of Management with effect from Jan. 1, 2023. He will succeed Dr. Torsten...
Update: Specialty MGA UK Launches to Boost Insurance Capacity Across All Territories
Oct 20 2022 // A new managing general agent has launched in London called “Specialty MGA UK,” which is focusing on providing additional capacity for specialty lines of businesses and hard-to-place risks. Specialty MGA UK...
Markets/Coverages: Liberty Specialty Markets Launches Project Cargo Consortium at Lloyd’s
Oct 13 2022 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance’s Global Risk Solutions division, announced the launch of a new Lloyd’s facility for the London market. The Liberty Project Cargo Consortium...
People Moves: Ryan Specialty Appoints Senior Distribution Roles; VIAA Promotes Morris to Commercial Lines Coach
Oct 12 2022 // Ryan Specialty appoints new senior distribution leadership roles within Ryan Specialty Underwriting Managers Ryan Specialty, headquartered in Chicago, Illinois, has announced promotions to key new roles within the...
Lloyd’s Re/Insurer MS Amlin Underwriting Ltd. Promotes Carrier to CEO
Oct 11 2022 // MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced the appointment of Andrew Carrier as chief executive officer. Carrier, currently MS AUL’s chief underwriting officer (CUO), will take up...
Lloyd’s Finds No Evidence of Data Compromise From Cyber Attack
Oct 11 2022 // Lloyd’s of London said on Monday that its investigation into a possible cyberattack had found no evidence of data compromise. “The investigation has concluded that no evidence of any compromise was found and as...
Core Specialty Completes Buy of Hallmark’s E&S Operations for $40M
Oct 10 2022 // Core Specialty Insurance Holdings, Inc. and its subsidiaries said Oct. 7 that it has completed the acquisition of Hallmark Financial Services, Inc.’s excess & surplus lines operations for approximately $40...
Lloyd’s Probes Possible Cyber Attack
Oct 6 2022 // Lloyd’s of London is investigating a possible cyber attack and has taken initial precautions in response, the re/insurance market has confirmed. “Lloyd’s has detected unusual activity on its network, and...
Ariel Re Obtains Approval to Launch Managing Agent at Lloyd’s
Oct 5 2022 // Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has obtained approval to launch a managing agent at Lloyd’s of London. The new managing agency, Ariel Re Managing Agency (ARMA),...
Markets/Coverages: Mosaic Adds Excess Tech E&O; CoverTree, Socotra Partner for Mobile Homes; Cover Whale New API
Oct 4 2022 // Mosaic adds excess technology E&O coverage to cyber product offering Mosaic Insurance’s cyber division has launched excess capacity and coverage for a new product aimed at protecting technology sector companies...
Australia’s AUB Completes Acquisition of Lloyd’s Broker Tysers from PE Firm Odyssey
Sep 30 2022 // Australia’s AUB Group Ltd. (AUB) announced it has completed its acquisition of leading Lloyd’s wholesale broker Tysers from Odyssey Investment Partners. The acquisition, which was first announced in May 2022,...
Louisiana Governor to Meet With Lloyd’s of London
Sep 29 2022 // As Louisiana continues to be plagued by a spiraling insurance crisis, with insurers leaving the state and canceling homeowner policies as thousands of claims remain unpaid following a series of hurricanes, Gov. John Bel...
Specialty MGA Optio Launches MGA and Broking Operations in Dubai
Sep 29 2022 // Optio Group, the London-based specialty managing general agent (MGA), announced it will launch an MGA and reinsurance broker in Dubai, subject to final approvals from the UAE regulatory authorities. Both businesses are...
