Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Nephila Capital’s New Syndicate 2358 Funded by Lloyd’s-Sponsored Investment Vehicle
Dec 21 2021 // Nephila, the Bermuda-based insurance-linked securities manager, has funded its newly launched Syndicate 2358, with capital provided through London Bridge Risk PCC (LBR PCC), a Lloyd’s-sponsored protected cell...
Argo Announces Sale of ArgoGlobal SE as Group Focuses on U.S. Specialty Insurance
Dec 20 2021 // Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance, announced an agreement to sell its Malta business operations, ArgoGlobal Holdings (Malta) Ltd. and its subsidiaries, to...
Artful Mosaic Insurance Creates Global Agility for Specialty Startup
Dec 16 2021 // Mosaic Insurance, the Bermuda-headquartered startup and Lloyd’s specialty insurer, operates with a unique structural twist. Its hybrid model has the flexibility of a managing general agent (MGA), the stability of a...
Ryan Specialty Group to Acquire Pennsylvania’s Keystone Risk Partners
Dec 13 2021 // Ryan Specialty Group, an international specialty insurance firm, has signed an agreement to acquire certain assets of Keystone Risk Partners LLC based in Media, Pennsylvania. Terms of the transaction were not...
Texas Surplus Lines Premiums Hits $685.5 Million in November
Dec 8 2021 // Texas surplus lines premiums amounted to $685.5 million in November, according to the Surplus Lines Stamping Office of Texas. Surplus lines premiums total $8.27 billion year-to-date, a 14.8% increase in year-to-date...
Argenta Syndicate Management to Withdraw from Lloyd’s China Platform
Dec 8 2021 // Argenta Syndicate Management Ltd. (ASML), a subsidiary of Argenta Holdings Ltd., announced it will cease underwriting all new and renewal business relating to the Lloyd’s China platform (LICCL) with immediate effect...
People Moves: Sartain Heads Marsh Specialty; AXA XL Adds 2 Underwriters to E&S Team
Dec 7 2021 // Sartain Named Marsh Specialty Leader for U.S. and Canada Insurance broker Marsh announced the appointment of Michelle Sartain as head of Marsh Specialty for the U.S. and Canada, effective January 1, 2022. Sartain will...
Monarch E&S Acquires Assets of Anderson & Murison in California
Dec 6 2021 // Monarch E&S Insurance Services, a division of Specialty Program Group LLC, acquired the assets of Anderson & Murison Inc. in Los Angeles, California. A&M is a national surplus lines broker and underwriter of...
MCI Lloyd’s Syndicate 1902 Offers ‘Ground-Breaking’ Infectious Disease Liability Cover
Dec 3 2021 // Specialist liability underwriter Medical & Commercial International (MCI) announced the launch of a ground-breaking communicable disease liability (CDL) cover. Based on extensive epidemiological research by leading...
Joyn Insurance Goes Live With E&S Offerings in 28 States
Dec 2 2021 // New digital managing general agency Joyn is expanding its excess and surplus coverage offerings to a total of 28 states plus Washington, D.C. The majority of the new offerings are excess lines of business in 21 states and...
Texas Surplus Lines Association Names New Executive Leadership
Nov 30 2021 // The Texas Surplus Lines Association announced the election of Justin Kotrla as its new president following the group’s annual meeting held in Austin earlier in November. Kotrla is senior vice president, Property...
Applied Specialty Underwriters Launches New Infrastructure, Construction Practice
Nov 30 2021 // Applied Specialty Underwriters has launched a new infrastructure and construction practice and named Christopher Day as president. Additionally, John Schlosser has been named to lead the infrastructure underwriting...
Staying Focused on Surplus Lines: Amwins’ President Drinkwater
Nov 19 2021 // It’s an interesting time in the surplus lines industry with insurance rates increasing and capacity being limited in some classes of business. It’s a time when maintaining focus is critical to finding success,...
Willis Appoints 4 Directors, Including Former Lloyd’s CEO Beale, After Activist Pressure
Nov 18 2021 // Willis Towers Watson PLC, which has been under pressure from activist investor Elliott Management, appointed four new directors on Thursday as it looks to turn around its business following a botched merger with rival Aon...
Professional Liability Insurance Expert Wayne Bernstein Joins Western Security Surplus, an XPT Partners Company
Nov 18 2021 // Bernstein brings 24 years of wholesale insurance expertise to his new position SHERMAN OAKS, CA – November 9, 2021: Western Security Surplus Insurance Brokers (WSS), an XPT Partners company, is pleased to announce the...
Lexington’s Levinson on Why E&S Is More Relevant Now Than Ever
Nov 17 2021 // When Lou Levinson became president and CEO of Lexington Insurance in late 2018, he knew the company needed a change. He believed that Lexington should be a wholesale focused distribution channel and that the company should...
People Moves: Sompo Names QBE’s Reid Head of Casualty Int’l; AXA XL Promotes Shing to Lead U/W Mgmt, UK & Lloyd’s; Jensten’s Siggery to Oneglobal for Risk & Compliance
Nov 17 2021 // This edition of International People Moves covers appointments at Sompo International, AXA XL and OneGlobal Broking. A summary of these new hires follows here. Sompo Int’l Appoints QBE’s Reid as Head of...
Monarch E&S, a division of Specialty Program Group / SPG Insurance Solutions in CA Promotes Devon Borisoff as Vice President, Commercial Lines Leader
Nov 17 2021 // BURBANK, Calif., November 17, 2021 — Monarch E&S Insurance Services, a division of Specialty Program Group / SPG Insurance Solutions in CA, (Monarch E&S) announced that Devon Borisoff has been promoted to...
Samsung Fire & Marine to Underwrite Canopius U.S. Admitted Specialty Lines
Nov 15 2021 // Canopius Group, a global specialty (re)insurer, announced an agreement with Samsung Fire and Marine Insurance (SFMI), its substantial minority shareholder and business partner, to underwrite U.S. admitted business on its...
Demand Outpacing Supply in One of Best E&S Markets in 50 Years, Industry Veteran Says
Nov 15 2021 // The chair of W.R. Berkley Corp. has been observing conditions in the excess and surplus and specialty markets for more than five decades and views the current environment as just about the best in that time span. According...
