Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Herrera Appointed Director of Operations at Texas Surplus Lines Stamping Office
Nov 8 2019 // The Surplus Lines Stamping Office of Texas (SLTX) has named Cheyenne Herrera director of Operations. Herrera originally joined SLTX in 1998 as a data entry clerk. She oversaw the implementation of the Electronic Filing...
Lloyd’s to Create Single Governing Body, Merging Council and Franchise Board
Nov 8 2019 // Re/insurance market Lloyd’s announced its decision to merge the Council of Lloyd’s and the Franchise Board, effective from June 1, 2020, after receiving widespread support from across the market. The news...
Nexus Rebrands Equinox Global as Nexus Specialty in the U.S.
Nov 5 2019 // London-based managing general agent Nexus Group announces the rebranding of Equinox Global Inc. in the U.S. as Nexus Specialty Inc. Nexus said the move will enhance the company’s aim to build both through acquisition...
Samsung Fire & Marine Insurance Finalizes Strategic Investment in Canopius
Nov 4 2019 // Canopius Group Ltd. announced the completion of Samsung Fire & Marine Insurance’s (SFMI) strategic investment in its business. The investment will support Canopius’s growth arising from the recent...
RLI, Gridiron Form Excess Liability Binding Authority Partnership
Nov 4 2019 // RLI has formed a partnership with Gridiron Insurance Underwriters to offer RLI’s excess liability binding authority insurance through Easy Excess, Gridiron’s dedicated online wholesale excess liability...
Ascot Taps Kenahan from AWAC as Head of Excess Casualty in Bermuda
Nov 1 2019 // Ascot announced the appointment of Patrick Kenahan as head of Excess Casualty in Bermuda. In addition, Jason Pugi, Kimberley Pursell and Michael Watkins were named senior vice presidents. The team will write excess...
Report: Cannabis Dispensaries May Become ‘Most Profitable’ Specialty Stores
Oct 31 2019 // Selling insurance to cannabis dispensaries may the business in which to be in the very near future. A new report claims that cannabis retailing could become one of the “most profitable specialty store categories...
A Trailblazer in the Lloyd’s Marketplace Looks Back and Ahead
Oct 31 2019 // When Vicky Carter, Guy Carpenter’s chairman of Global Capital Solutions, International, started working in the insurance industry 40 years ago, she was one of only a handful of women. She reflects here on how the...
Miami Specialty Risk Launches Lloyd’s-Backed Cyber, Technology E&O Facility
Oct 31 2019 // Miami Specialty Risk has launched a new cyber and technology E&O facility available in all 50 states. Backed by Lloyd’s of London, the Miami Specialty Risk facility is comprised of three products: SME Cyber and...
A Quick Introduction to Occurrence vs. Claims-Made Forms
Oct 30 2019 // We received this question recently. I have inherited an account where the primary CGL was written on an occurrence form and the excess liability was written on a claims-made form. Can you help explain why this isn’t...
Cyber Attack on Asia-Pacific Ports Could Cost $110B, Hitting Global Supply Chains
Oct 30 2019 // A single cyber attack that affects major ports across Asia-Pacific could cost $110 billion, which is roughly equivalent to half of all losses from natural catastrophes globally in 2018*, according to research from...
How Specialty Carriers Approach Product Innovation: Research, Repeat and Reuse
Oct 30 2019 // “The industry really does look to specialty writers to be at the forefront of innovation,” says Gail McGiffin. Specialty insurance carriers have a unique “toolset” that helps them grow through...
Marsh JLT Specialty Taps Nevill from Gard (UK) as CEO, UK Marine & Cargo
Oct 28 2019 // Insurance broker Marsh announced the appointment of Louise Nevill as chief executive officer for Marsh JLT Specialty’s UK Marine & Cargo business. Nevill is expected to join the firm early next year and will...
Lloyd’s Insurer AEGIS London Launches Digital Trading Division
Oct 28 2019 // Lloyd’s insurer AEGIS London has launched a digital trading division, dedicated to building and distributing digital products. Tom Squires, AEGIS London’s head of digital trading, will lead the division,...
AIG Expanding at Lloyd’s With New Unit for U.S. High-Net Worth Market
Oct 28 2019 // American International Group Inc. is ramping up its bet on the wealthiest Americans with a new push to offer policies through the Lloyd’s of London marketplace and write as much as $1 billion in gross premiums. AIG...
Meyer Named Interim Executive Director at Texas Surplus Lines Stamping Office
Oct 24 2019 // Don Meyer has been appointed interim executive director at the Surplus Lines Stamping Office of Texas (SLTX). The appointment, approved by the SLTX board of directors, was effective Tuesday, Oct. 22, 2019. Meyer has more...
Reinsurers Maintain Upward Pricing Momentum-But Will It Last?
Oct 24 2019 // Positive pricing momentum—it’s the favorite phrase of many reinsurance executives, who are hoping that the momentum they’ve seen in 2019 will continue during the coming January renewals and beyond. The...
Florida Specialty CEO Disputes State Regulator’s Claims, Says Insurer Not Insolvent
Oct 24 2019 // The head of recently shuttered Florida Specialty Insurance Co. says that claims by Florida’s insurance regulator that the company is insolvent are untrue. The company’s CEO, Susan Patschak, argues...
Iowa’s GuideOne Insurance Names Groenheide Senior VP, Specialty
Oct 22 2019 // GuideOne Insurance in West Des Moines, Iowa, has appointed Mark Groenheide as senior vice president, Specialty. In this role, Groenheide is responsible for growing and managing the business by focusing on niche specialty...
Reinsurers Look at Cyber’s Massive Growth Possibilities-With Caution
Oct 22 2019 // Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit they are sometimes challenged to close the protection gap for new and emerging risks such as...
