Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Core Specialty Partners, Lancer Launch Excess Transportation Program
Jan 13 2021 // Core Specialty Insurance Holdings and its subsidiaries have partnered with Lancer Management Co. to provide excess liability limits for qualified local, intermediate and long haul trucking accounts as well as general...
Exceptional Risk Advisors Acquires International Specialty of North Carolina
Jan 13 2021 // Exceptional Risk Advisors, a Lloyd’s of London coverholder, has acquired assets of International Specialty Insurance Services. Headquartered in Winston-Salem, N.C., International Specialty Insurance designs insurance...
Digital E&S Broker Pathpoint Offers Multiple Cyber Quotes to Retail Agents
Jan 12 2021 // Pathpoint, a digital excess and surplus lines insurance broker, said it is offering a new capability to independent retail agents: access to multiple cyber insurance quotes through a single online application containing...
Hamilton’s Lloyd’s Operations Hires Ormes from Chubb, Mognetti from Acappella
Jan 12 2021 // Hamilton Insurance Group Ltd. announced two senior appointments in its Lloyd’s operations, Hamilton Managing Agency Ltd. – Trevor Ormes as deputy active underwriter of Syndicate 4000 and head of Professional Lines,...
The Gig Economy, Auto Insurance and Surplus Lines
Jan 11 2021 // Automobile insurance looks very different today than it did a generation ago. The means by which people (and goods) travel via motor vehicles continue to expand and evolve, as do businesses and their automobile insurance...
Lloyd’s Moves to End Insurance and Investments in Coal for Climate Sustainability
Jan 11 2021 // The Lloyd’s market is moving to end its insurance cover for coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022. As part of its plan to accelerate...
Social Inflation Lesson: Not Settling Cost Insurer Millions in Suit by Excess Insurer
Jan 11 2021 // The defense team for Chubb Group’s Ace American Insurance Co. was confident that no jury would award more than $2 million in a wrongful death lawsuit filed by the family of Mark Braswell, who died on May 16, 2014,...
NIF Group Acquires Pacific Coast E&S in California
Jan 8 2021 // NIF Group, and its parent company, Jencap Group, have agreed to acquire the assets of Pacific Coast E&S Insurance Services in Santa Rosa, Calif. New York-based NIF is a program manager and wholesale broker providing...
Cincinnati’s Core Specialty Makes Key Appointments in Property Division
Jan 6 2021 // Cincinnati, Ohio-based Core Specialty Insurance Holdings Inc. has filled several key roles within its Property Division, led by Alison Oliphant. The company had previously announced its plans to launch this division ahead...
Platinum Specialty Underwriters Acquires IPC in Nevada
Jan 5 2021 // Platinum Specialty Underwriters has acquired International Property & Casualty Insurance Brokers of Nevada Inc. IPC will continue to operate under its established brand name. Terms of the deal weren’t...
PHLY Acquires Staffing Insurance Business from World Wide Specialty Programs
Jan 5 2021 // Philadelphia Insurance Companies (PHLY) has acquired the Staffing Insurance Business offered by World Wide Specialty Programs Inc., based in Melville, N.Y. World Wide will operate as a division of PHLY and assume...
CNA Transfers $690M of Excess Workers’ Compensation Business to Enstar Subsidiary
Jan 4 2021 // Commercial lines insurer CNA Financial Corp. and Enstar on Dec. 30, 2020 said they had reached an agreement to have a subsidiary of Enstar reinsure a legacy portfolio of excess workers’ compensation policies,...
Core Specialty Adds Tokio Marine’s Jacobs to E&O, Professional Liability Team
Dec 28 2020 // Cincinnati-based Core Specialty Insurance Holdings reported that Jeff Jacobs has joined as senior vice president, head of Errors and Omissions Professional Liability. Jacobs has 30 years of insurance sector experience...
Social Inflation Lesson: Not Settling Cost Insurer Millions in Suit by Excess Insurer
Dec 23 2020 // The defense team for Chubb Group’s Ace American Insurance Co. was confident that no jury would award more than $2 million in a wrongful death lawsuit filed by the family of Mark Braswell, who died on May 16, 2014...
Texas Surplus Lines Stamping Office: Fee Decreases on Jan. 1, 2021
Dec 23 2020 // The Surplus Lines Stamping Office of Texas (SLTX) is reminding wholesale agents and brokers that the stamping fee for recording surplus lines insurance policies in Texas will be lower beginning on Jan. 1, 2021. The...
Through November, Texas Surplus Lines Premium 12% Higher than Last Year
Dec 21 2020 // Texas surplus lines premium recorded by the Surplus Lines Stamping Office of Texas (SLTX) rose to $587.46 million in November. The recorded premium year to date as of November is 12.3% higher than that of the same period...
Lloyd’s Syndicate Dale and DUAL Launch MGU with Focus on U.S. Property Insurance
Dec 21 2020 // Dale Underwriting Partners and DUAL announced a new joint venture, Dale DUAL MGU Ltd. (DDML), in collaboration with Aviva with immediate effect. This partnership has been brought together by Howden Reinsurance Broking led...
The Gig Economy’s Auto Insurance Market and Surplus Lines
Dec 21 2020 // Automobile insurance looks very different today than it did a generation ago. The means by which people (and goods) travel via motor vehicles continue to expand and evolve, as do businesses and their automobile insurance...
Lloyd’s Moves to End Insurance and Investments in Coal for Climate Sustainability
Dec 17 2020 // The Lloyd’s market is moving to end its insurance of coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022. As part of its plan to accelerate the...
Applied Underwriters Forms EU Subsidiary for Specialty Business in Europe, Middle East
Dec 16 2020 // Omaha-based insurer Applied Underwriters Inc. announced it has formed Applied Financial Lines Ltd., a new European subsidiary, which will operate from Paris and Cologne. The new company will underwrite several specialty...
