Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Digital Lloyd’s Syndicate Ki Goes Live with List of Broker Trading Partners
Nov 23 2020 // Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced the onboarding of its first trading partners to its proprietary digital platform, providing access to its algorithmic underwriting...
New Insurance Group Inigo Raises $800M of Capital; Founded by Former Hiscox Execs
Nov 23 2020 // Inigo Ltd., a new London-based insurance group, announced it has completed a capital raise of approximately $800 million from a consortium of global investors, comprising (among others) funds controlled by Caisse de...
A Dozen Items Slated to Be Considered for California Export List
Nov 20 2020 // More items are being proposed for the California Export List than in recent memory, including coverages for cyber, parametric products, earthquake, and COVID-19, according to a surplus lines expert. The California...
Roberts Appointed as Global Renewable Energy Leader, Marsh JLT Specialty
Nov 19 2020 // Marsh, the insurance broker and risk adviser, announced the appointment of Hamish Roberts as global renewable energy leader, Marsh JLT Specialty. Effective 1 January, Roberts will continue to be based in London and will...
AXA XL Promotes Harris to Head of Energy, UK & Lloyd’s Market
Nov 19 2020 // AXA XL Insurance announced that Nicola Harris has been promoted to head of Energy, UK & Lloyd’s market. In her new role, Harris is responsible for developing the UK energy book, executing strategy and designing...
Global COVID-19 Insurance Losses to Be Higher than Early Estimates: Lloyd’s Chairman
Nov 19 2020 // Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had previously estimated, its Chairman Bruce Carnegie-Brown said on Wednesday. Carnegie-Brown told...
How Lloyd’s Underwriters Are Viewing Today’s U.S. Casualty Insurance Environment
Nov 19 2020 // Today’s Lloyd’s of London market for casualty insurance is marked by rising prices, reduced capacity, and buyers embracing more self-insurance, according to underwriters at Lloyd’s. It is also marked by...
Intact, Resilience Insurance to Provide Cyber Risk Coverage, Services
Nov 19 2020 // Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s (IFC) U.S. insurance company subsidiaries, has launched cyber insurance options that will be offered in partnership with program...
Enstar to Sell Starstone’s Lloyd’s Managing Agency to New Re/Insurance Venture Inigo
Nov 18 2020 // Enstar Group Ltd. and Stone Point Capital LLC announced they have signed definitive agreements to sell StarStone Underwriting Ltd. (SUL), the Lloyd’s managing agency, together with the right to operate Lloyd’s...
Gray Surplus Lines Insurance to Launch Dec. 1 in Louisiana
Nov 18 2020 // Metairie, La.-based Gray Insurance Co. is expanding its excess casualty capabilities with the launch of Gray Surplus Lines Insurance Co. on Dec. 1, 2020. Domiciled in Louisiana and with an A.M. Best rating of A-...
Hine Elected President of Texas Surplus Lines Association
Nov 17 2020 // Amicia Hine, executive vice president with Worldwide Facilities LLC, MHI-MGA Division, in San Antonio, has been elected president of the Texas Surplus Lines Association Inc. Justin Kotrla, senior vice president, Property,...
HIIG in Houston Rebrands as Skyward Specialty Insurance Group
Nov 17 2020 // Houston, Texas-based Houston International Insurance Group (HIIG) has changed its name to Skyward Specialty Insurance Group (Skyward Specialty). The company said the launch of the new Skyward Specialty brand is one of many...
Specialty Re/Insurer Convex Group Raises $1B in Additional Capital
Nov 17 2020 // Specialty insurer and reinsurer Convex Group Ltd. announced it has secured commitments for an additional $1.0 billion of equity capital, subject to the requisite regulatory approvals. Bermuda-based Convex launched in April...
Obsidian Specialty Insurance Company Receives A- Rating from AM Best
Nov 16 2020 // AM Best has assigned the recently-formed excess and surplus (E&S) lines insurer, Obsidian Specialty Insurance Company, a financial strength rating of A- (Excellent). Obsidian Specialty is a program fronting carrier...
Specialty Re/insurer Chaucer Launches Bermuda Reinsurance Branch for U.S. Business
Nov 16 2020 // Chaucer, the London-based specialty re/insurance group, announced the launch of a reinsurance branch in Bermuda to provide U.S. clients with greater access to its underwriting expertise and capacity. This follows the...
Kevelighan: Talks with Institutes on Creating 21st Century Triple III Began Years Ago
Nov 16 2020 // Affiliating with The Institutes provides an opportunity for the industry’s Insurance Information Institute (III) to become more of a 21st Century trade association, rather than one suited for the 1950s, according to...
Young E&S Professionals Face Toughest Market They Have Ever Seen
Nov 16 2020 // Wholesaler brokers of all ages are facing hard market conditions with rising insurance rates, tighter underwriting and fewer carriers willing to write some tough classes. They, like everyone, are also experiencing fewer...
Everest Insurance Promotes Wu to E&S Excess Casualty National Leader
Nov 13 2020 // Everest Insurance announced that Edward Wu has been promoted to the role of vice president and national leader, Excess & Surplus Excess Casualty. In this role, Wu will be responsible for strategy, underwriting...
EQ One Adds Earthquake Capacity, Expands Limits through Munich Re
Nov 13 2020 // EQ One, a West Coast earthquake insurance underwriter, has added additional capacity to its earthquake offering through Munich Re Specialty Insurance. This increased capacity will allow EQ One team to write larger...
Frank Winston Crum Expands GL, Excess Programs into N.C., S.C., Tenn.
Nov 12 2020 // Frank Winston Crum Insurance (FWCI) has launched general liability and excess liability insurance programs in North Carolina, South Carolina and Tennessee to coincide with its previously available worker’s...
