Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Sierra Specialty Launches Nationwide Agribusiness Program
Mar 8 2021 // Sierra Specialty has launched an agribusiness program now available in all 50 states. Sierra Specialty has sole authority to underwrite, bind, and issue policies for this program, focusing on the farming and agriculture...
Texas Records $613.58M in Surplus Lines Premium in January
Mar 1 2021 // Surplus lines premium continues its steady rise in Texas, with $613.58 million recorded in January, and increase of 13.6% compared with January 2020, according to the Surplus Lines Stamping Office of Texas (SLTX). Many...
Lloyd’s Plans to Re-Open Underwriting Room on May 17
Mar 1 2021 // Lloyd’s announced on Friday, Feb. 26 that it plans to re-open its London underwriting room and corporation offices on May 17. To manage capacity and ensure the market is COVID-secure, it will once again apply a class...
Specialty Program Group Promotes Preston to VP, Director of Program Development
Mar 1 2021 // Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has promoted Susan Preston to vice president and director of program development for SPG. Preston has been...
Specialty Re/insurer SiriusPoint Launches with More Than $3 Billion in Capital
Feb 26 2021 // SiriusPoint Ltd., the Bermuda-based international specialty insurance and reinsurance company, has launched today with more than $3 billion in initial capital. The company was created from the merger of specialty reinsurer...
Texas’ Upland Capital Group Launches Excess Transportation Liability Program
Feb 25 2021 // Newly launched specialty lines insurer, Dallas-based Upland Capital Group (Upland), has added an Excess Transportation Liability (XTL) specialty insurance offering targeting fleet sizes up to 250 revenue producing...
Willis Towers Watson, Liberty Specialty Markets Launch Reputational Crisis Coverage
Feb 24 2021 // Willis Towers Watson and Liberty Specialty Markets have partnered to offer reputational crisis insurance that enables organizations to transfer the financial risk associated with certain types of reputational crises and...
Lloyd’s Survey Results Show More Inclusive Culture, but Improvement Still Needed
Feb 23 2021 // Lloyd’s has made notable progress in its push to become more inclusive, according to its 2020 culture survey, but it still has plenty of room for improvement—especially when it comes to the experiences of Black and...
Lloyd’s Insurer Brit to Stop Insuring Australia’s Adani Coal Mine
Feb 23 2021 // Major Lloyd’s of London insurer Brit will not insure Adani Enterprises’ Carmichael thermal coal mine, it said on Tuesday, adding to a growing list of Lloyd’s insurers who have made similar...
California Surplus Lines Weathered Pandemic, Wildfires, Civil Unrest
Feb 22 2021 // In a year marred by a pandemic, massive Western U.S. wildfires, civil unrest, and a contentious election, California’s surplus lines market “didn’t miss a beat.” That was the message from Ben McKay,...
Lloyd’s Expects to Reopen Underwriting Room in April or May
Feb 19 2021 // Lloyd’s expects to reopen its underwriting room on Lime Street in London after Easter from April 12, or after the early May UK holiday on May 4. The decision will depend on the UK government’s update on the...
AM Best Upgrades E&S Outlook; Praises Resiliency, Clear Terms Amid Pandemic
Feb 19 2021 // A.M. Best has upgraded its outlook for the U.S. excess & surplus lines insurance sector citing its resiliency in the face of pandemic challenges. A.M. Best revised its outlook for U.S. E&S to Stable from...
Specialty Lines MGA Ensurance Completes New Capacity Deal with AXA
Feb 19 2021 // Ensurance, the London-based specialty managing general agent, has announced a new capacity deal with AXA Insurance UK plc for its core construction and engineering products. AXA replaces Swiss Re as the MGA’s main...
Berkshire Hathaway Specialty Names 3 Regional Executives for Professional Lines
Feb 18 2021 // Berkshire Hathaway Specialty Insurance (BHSI) has expanded its U.S. Executive & Professional Lines leadership team, naming Shelley Norman as senior vice president, Management Liability, Central region, and promoting...
Internet of Things Devices Increase Risk of Cyber Attacks on Industrial Sector: Lloyd’s
Feb 17 2021 // Internet of Things (IoT) devices are increasing the risk of cyber attacks to industrial and manufacturing businesses, according to a report published by Lloyd’s in partnership with cyber analytics specialist...
Lloyd’s Construction Specialists Say They Are Ready For U.S. Infrastructure Boom
Feb 16 2021 // Construction insurance specialists at Lloyd’s of London are hoping to see more U.S. business from increased government investment in infrastructure projects in 2021. That will be welcome after a period of dealing...
Kotch Joins Core Specialty Insurance in Ohio as Chief Information Officer
Feb 12 2021 // Core Specialty Insurance Holdings Inc. (Core Specialty), based in Cincinnati, Ohio, has appointed Mary Kotch as chief information officer and member of the company’s executive committee. Kotch has more than 20...
Ambac Financial Launches Specialty Insurance Group Everspan
Feb 10 2021 // Financial holding company Ambac Financial Group has launched Everspan Group, capitalized with more than $100 million, to focus on writing specialty program insurance business. Everspan Group’s insurance companies...
California Surplus Lines Weathered Pandemic, Wildfires, Civil Unrest
Feb 9 2021 // In a year marred by a pandemic, massive Western U.S. wildfires, civil unrest, and a contentious election, California’s surplus lines market “didn’t miss a beat.” That was the message from Ben McKay,...
Fischer Appointed President of Core Specialty’s Ag Reinsurance Division
Feb 9 2021 // Cincinnati, Ohio-based Core Specialty Insurance Holdings Inc. and its subsidiaries (Core Specialty) hired William (Bill) R. Fischer to lead its newly formed Agriculture Reinsurance Division. Fischer is a 25-year veteran of...
