Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Digital E&S Broker Pathpoint Releases Lessor’s Risk Commercial Package
Apr 20 2021 // Pathpoint, a digital excess and surplus lines insurance distributor, has launched its Lessor’s Risk Only (LRO) Commercial Package for agents to access non-admitted coverage for property owners with a single...
Transportation Insurer Lancer to Merge Into Core Specialty
Apr 19 2021 // Commercial auto insurer Lancer Insurance Co. has agreed to merge with another specialty insurer, Core Specialty, where it will operate under its own brand name as Core Specialty’s ninth specialty property/casualty...
Helix Underwriting to Write Excess Casualty, Forming Agency Agreement with Watford
Apr 19 2021 // Helix Underwriting Partners Ltd., the Bermuda-based managing general agency, has expanded its agency platform into the excess casualty insurance segment. The move will see Tim Hadler join as chief underwriting officer to...
Corvus, Skyward Specialty to Offer Cyber Coverage for Cargo Risks
Apr 16 2021 // Corvus Insurance, a provider of commercial insurance products powered by AI-driven risk data, and Skyward Specialty Insurance Group, a specialty property and casualty market, have partnered partnership to expand...
‘Insure Our Future’ Pressures Lloyd’s to ‘Immediately Stop’ Insuring Fossil Fuel Projects
Apr 15 2021 // Insure our Future, the anti-fossil-fuel campaign group, is pressuring Lloyd’s to immediately stop insuring coal and new oil and gas projects that exacerbate climate change. The group has launched a website, which is...
Lloyd’s Lab Picks 11 Insurtech Start-ups, Focused on Product Simplification, Climate
Apr 15 2021 // Lloyd’s announced the next 11 insurtech start-ups that are participating in the sixth cohort of its Lloyd’s Lab innovation accelerator program. These insurtechs will be focused on creating simpler products for...
Hallmark Financial Plans to Pursue IPO of Specialty Commercial Business
Apr 15 2021 // 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...
Texas Surplus Lines Premiums Reach $877.51M in March
Apr 12 2021 // More than $877 million in surplus lines premium was recorded in Texas in March, the Surplus Lines Stamping Office of Texas (SLTX) reports. SLTX says the $877.51 million in premium for March brings Texas’ year-to-date...
Surplus Lines Broker, Agent or Both? It’s Complicated.
Apr 9 2021 // Increasingly, the world of insurance distribution has become highly specialized, utilizing technology and a multitude of parties to reach customers worldwide. The surplus lines industry is no exception. Surplus lines...
Massachusetts’ Risk Strategies Acquires Specialty Insurance Solutions
Apr 1 2021 // Risk Strategies, a Boston, Massachusetts-based national specialty insurance brokerage and risk management firm, has acquired Specialty Insurance Solutions (SIS), expanding capabilities in its national student health...
Lloyd’s Expects Large Loss from Suez Canal Blockage
Mar 31 2021 // The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London, its chairman said on Wednesday, as the insurance market recorded a 900 million pound ($1.2 billion)...
AM Best Credit Ratings Assigned to Texas’ Upland Specialty Insurance
Mar 25 2021 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Upland Specialty Insurance Co. (Upland Specialty) in Dallas. The outlook assigned to these...
When Normal Lloyd’s Trading Returns, Brokers Urge Work Flexibility, Less ‘Stuffy’ Dress Code
Mar 25 2021 // LONDON – When the pandemic is over, the brokers of Lloyd’s of London could haggle with underwriters from home in their underpants, and ditch their pinstripes at the office. A trade body representing brokers took a...
Lloyd’s Launches Parametric Earthquake Insurance Policy in New Zealand
Mar 24 2021 // Lloyd’s has launched a parametric earthquake insurance policy in New Zealand, in partnership with start-up Bounce Insurance, which uses cutting-edge technology and real-time data to automatically pay customers within...
Lloyd’s Insurer AEGIS London Moves to New Office
Mar 22 2021 // Top quartile Lloyd’s Syndicate 1225, managed by AEGIS Managing Agency Ltd. (AEGIS London), is moving to a new office to accommodate its growing number of employees. The office, which will open fully once COVID...
Munich Re’s Transportation, Logistics Specialty Broker Roanoke Expands to Canada
Mar 18 2021 // Roanoke Insurance Group is expanding to Canada to provide insurance and surety bonds to companies involved in logistics, transportation and shipping. The new entity, Roanoke Insurance Group Canada, Inc., (RIG CA), is an...
21-Year AIG Veteran Tatulli Joins Berkshire Hathaway Specialty Executive Lines
Mar 10 2021 // Berkshire Hathaway Specialty Insurance (BHSI) has named Anthony Tatulli as head of Executive & Professional Lines for North America. He will have overall underwriting responsibility for Directors and Officers...
$509M in Surplus Lines Insurance Premium Recorded in Texas in February
Mar 9 2021 // Texas surplus lines insurance premium recorded in Texas in February totaled $509.48 million, the Surplus Lines Stamping Office of Texas (SLTX) has reported. With the addition of February premium, the year-to-date total...
Illinois Specialty Insurer, RLI, Makes Leadership Promotions, Changes
Mar 8 2021 // Peoria, Illinois-based specialty insurer serving niche property, casualty and surety markets, RLI Corp., has promoted or named several leaders to new roles. Kevin Horwitz, vice president, Claim, has assumed the role of...
Investment Firm KKR Acquiring California’s Integrated Specialty Coverages
Mar 8 2021 // Global investment firm KKR is acquiring a majority interest in Integrated Specialty Coverages (ISC) Carlsbad, Calif.-based multi-line insurance distributor that utilizes advanced artificial intelligence (AI) engineering...
