Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Aston Lark Acquires UK Broker ES Risks
Jul 6 2021 // London-based broker Aston Lark continues with its buying spree with the purchase of ES Risks Ltd. Financial details of the acquisition were not disclosed. Established in 2007 and based in London, ES Risks is a 45-strong...
MGA Rokstone Launches US$18M Marine Cargo Facility, Hiring Lloyd’s Veteran Birchard
Jul 6 2021 // Rokstone, the London-based speciality re/insurance managing general agent (MGA), has launched a US$18 million global facultative general marine cargo facility. Backed by A-rated global carriers, the facility includes US$5...
Specialization Versus Fragmentation. A Coordinated, Cohesive Approach to the Specialty Market
Jul 5 2021 // Over the last decade, industry experts have touted the benefits of independent agencies building industry- and product-focused specialization amid an increasingly competitive specialty distribution landscape and complex...
Palomar, PURE to Offer High-Value Residential E&S Construction Program
Jul 1 2021 // Palomar Holdings Inc. announced a new partnership with PURE Programs to offer owners of high value homes undergoing complex construction projects a new specialized excess and surplus (E&S) lines insurance and risk...
Digital E&S Broker Pathpoint Raises $30 Million
Jun 29 2021 // Pathpoint, a digital excess and surplus lines insurance brokerage, reported that it has raised $30 million in funding. Investors include Caffeinated Capital, which led the round, and repeat investors including SciFi VC,...
Chaucer Forms Lloyd’s Consortium for Firms Working on China’s Belt & Road Initiative
Jun 24 2021 // Chaucer, the London-based specialty re/insurance group, announced the launch of a new Belt and Road Consortium at Lloyd’s, which initially will underwrite political violence risks, with future solutions in...
People Moves: Howden Australia Hires 3 from Marsh; Strategic Risk Solutions Appoints Schons in Luxembourg; Quinn Promoted at Liberty Specialty
Jun 22 2021 // These international People Moves include recent appointments at Howden Australia, which hired three people from Marsh; a new hire at Strategic Risk Solutions in Luxembourg and a promotion at Liberty Specialty Markets in...
CFC Underwriting’s Lloyd’s Syndicate Opens for Trading
Jun 21 2021 // CFC, the London-based managing general agent, announced that CFC Syndicate 1988 is open for business. In addition to risk capital provided by CFC, the syndicate worked with Aon Capital Advisory to attract third-party...
8 Reinsurers Provide $897M Cover for Lloyd’s Central Fund with Aon as Placing Broker
Jun 21 2021 // Lloyd’s announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund—a move that aims to protect against adverse tail risk, while supporting growth and...
$884.75M in Texas Surplus Lines Premiums Recorded in May
Jun 21 2021 // The Surplus Lines Stamping Office of Texas (SLTX) recorded $884.75 million in surplus lines insurance premium for May, with a total of $3.63 billion year-to-date. This represents a 14.5% increase in premiums over May 2020,...
Hub Introduces Transportation Industry Excess Liability Product
Jun 18 2021 // Chicago-based Hub International Limited has introduced a transportation excess liability/umbrella proprietary product helps clients reduce risks and protect them from potentially large losses. The Hub Drive Excess...
How to pick an E&S carrier: Four characteristics to look for
Jun 16 2021 // This post is part of a series sponsored by The Hanover Insurance Group. The excess and surplus market is growing rapidly. Business is being driven from the admitted market due to actions taken in response to significant...
A.J. Gallagher Acquires Ontario’s Excess Underwriting Co.
Jun 16 2021 // Global insurance broker Arthur J. Gallagher & Co. has acquired Markham, Ontario-based Excess Underwriting Co., a property/casualty managing general agency (MGA) and Lloyd’s broker serving insurance brokers and...
NFP, Vault Introduce Exclusive Group Excess Liability Program
Jun 14 2021 // NFP and Vault have launched the NFP/Vault Group Excess Program to provide select, qualifying employers and wealth management organizations an opportunity to expand their scope of benefits and offerings and extend to their...
People Moves: Garside Named CUO at Liberty Specialty Markets Bermuda; RSA’s Perry Hired at Hiscox UK’s Art & Private Client Division
Jun 9 2021 // This wrap-up of international People Moves details appointments at Liberty Specialty Markets Bermuda and Hiscox UK. A summary of these new hires follows here. Nicholas Garside Liberty Specialty Markets Bermuda (LSM...
Texas Records $884.75M in Surplus Lines Premiums in May
Jun 7 2021 // The Surplus Lines Stamping Office of Texas (SLTX) recorded a record-breaking $884.75 million in surplus lines insurance premium for May, with a total of $3.63 billion year-to-date. This results in a 14.5% increase in...
Credit Ratings Assigned to Ohio’s Westfield Specialty Insurance
Jun 3 2021 // AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) to Westfield Specialty Insurance Co. (Westfield Specialty), a...
Berkshire Hathaway Specialty to Offer Social Engineering Prevention Program
Jun 3 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it is providing qualifying private and nonprofit fidelity and crime insurance customers with complimentary access to the BHSI Social Engineering Prevention...
Climate Change Protesters Set Off Stink Bomb at Lloyd’s of London in Ongoing Activism
Jun 2 2021 // Climate change protesters continued their focus on Lloyd’s as a major insurer of the fossil fuel industry by setting off a stink bomb in front of the market’s London headquarters. The activist group, Insurance...
AM Best Withdraws Credit Ratings of First American Property & Casualty and First American Specialty
May 28 2021 // AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb” (Good) of First American Property & Casualty Insurance Co. and First American Specialty...
