Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
People Moves: Liberty Specialty Markets Promotes Edwards to Lead New Delegated Authority Practice; BHSI Promotes Claims Execs Barker and Kelleher in UK
Aug 23 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Liberty Specialty Markets Promotes...
Lloyd’s Insurer Ascot, Marsh Provide Coverage for Grain Ship Sailing From Ukraine
Aug 23 2022 // Broker Marsh and Lloyd’s of London insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain and food products from Ukraine’s Black Sea ports under its new marine cargo and war...
Lloyd’s Owes $3M in Prejudgment Interest for Late Payment of D&O Claim
Aug 23 2022 // Lloyd’s of London underwriters must pay more than $3 million in pre-judgment interest in addition to the $10 million the syndicate has already paid in damages for the wrongful acts of the former directors of a bank...
Lloyd’s Insurers Must Exclude Catastrophic State-Backed Cyber-Attacks
Aug 19 2022 // Lloyd’s insurers must exclude state-backed cyber-attacks in standalone (or affirmative) cyber policies if they reach a catastrophic threshold, according to a Lloyd’s market bulletin issued this week. However,...
Peoples Moves: AXA XL Promotes Lahrmann as Senior Property U/W, UK & Lloyd’s; Chubb Global Markets Hires Audis From Nexus as General Aviation U/W
Aug 17 2022 // This edition of International People Moves details appointments at AXA XL and Chubb Global Markets. A summary of these new hires follows here. AXA XL Promotes Lahrmann as Senior Property Underwriter, UK &...
Beazley’s Smart Tracker Syndicate 5623 Gets Lloyd’s ‘In Principle’ Approval
Aug 17 2022 // Beazley has been granted “in principle” approval from Lloyd’s to transition its Smart Tracker Special Purpose Arrangement (SPA) 5623 to a full syndicate with effect from the Jan. 1, 2023, subject to...
People Moves: Senior Roles at Ryan Specialty Underwriting Managers; Snyder Named President U.S. Insurance at Argo; Kovach Joins Concert
Aug 16 2022 // Ryan Specialty Appoints New Senior Leadership within Underwriting Managers Specialty Chicago-based Ryan Specialty has made appointments to three new senior leadership roles within the Underwriting Managers specialty. Brian...
Lloyd’s Launches 2nd Protected Cell Company to Provide Greater Flexibility for Investors
Aug 8 2022 // Lloyd’s announced it has received regulatory approval to set up a second protected cell company (PCC), which aims to enhance market accessibility for investors – a key deliverable of the Future at Lloyd’s...
BHSI Hires Liberty Specialty’s Ferrari as Head of Transactional Liability in Australasia; AM Best Appoints Curtis for Market Development, Asia-Pacific Region
Aug 3 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and AM Best. A summary of these new hires follows here. BHSI Hires Liberty Specialty’s Ferrari as Head of...
Lloyd’s Insurer Hiscox to Provide Insurance for Ukraine Grain Shipments
Aug 3 2022 // Hiscox is committed to a planned insurance consortium providing cover for ships traveling through a safe passage from Ukraine, its chief executive said on Wednesday, as the Lloyd’s of London insurer shares plunged on...
California Surplus Lines Association Lowering Stamping Fee
Aug 1 2022 // The Surplus Line Association of California board voted to drop the association’s stamping fee to 0.18%. Effective Jan. 1, 2023, the stamping fee will adjust downward from its current 0.25% level that took effect on...
People Moves: AXA XL New Heads of E&S Property, Middle-Market; Aon Chief Innovation Hire
Jul 29 2022 // AXA XL promotes Chris Lee to Head of E&S property; Mathew Waters to Lead Middle Market AXA XL has promoted Christopher Lee to lead its excess & surplus property insurance business. Based in New York, he reports to...
Lloyd’s of London’s Ascot, Marsh Provide Insurance for Ukraine Sea Corridor
Jul 29 2022 // Lloyd’s of London insurer Ascot and broker Marsh on Friday launched marine cargo and war insurance for grain and food products moving from Ukrainian Black Sea ports, removing a hurdle to getting shipments underway....
Lloyd’s Insurers Preparing to Cover Ukraine Grain
Jul 27 2022 // Lloyd’s of London insurers and brokers are preparing to provide cover for grain shipments from Ukraine and are likely to announce their plans shortly, the commercial insurance market’s chairman said on...
People Moves: Acrisure Re Hires Carpenter’s Furlong; HDI Global Specialty Promotes Button for Distribution & Biz Devel.; Tokio Marine Names Former QBE Exec for Board
Jul 27 2022 // This edition of International People Moves details appointments at broker Acrisure Re and two insurers: HDI Global Specialty and Tokio Marine Europe. A summary of these new hires follows here. Acrisure Re Hires...
Monarch E&S Pays Tribute to Dave Skogstrom
Jul 27 2022 // BURBANK, Calif., July 27, 2022 – Monarch E&S Insurance Services is saddened to announce the passing of Dave Skogstrom, Vice President of Personal Lines. Dave has been an integral part of Monarch for over 2 decades...
One-Quarter of Firms Operating at Lloyd’s Reach 35% Target for Women Leaders
Jul 26 2022 // A quarter of firms operating at Lloyd’s of London have reached the commercial insurance market’s target for 35% of leaders to be women, though progress on diversity was “incremental,” Lloyd’s...
People Moves: AXA XL Names Ensurance’s Burgess as U/W, Construction, UK & Lloyd’s; Aon strengthens M&A and Transaction Team With 3 Hires
Jul 25 2022 // This edition of International People Moves details appointments at AXA XL and Aon. A summary of these new hires follows here. AXA XL Names Ensurance’s Burgess as Sr. U/W, Construction, UK & Lloyd’s AXA XL...
People Moves: Ryan Specialty Names Bodell as CIO; Core Specialty Adds 3 Underwriters in Cincinnati
Jul 20 2022 // Ryan Specialty Names Bradley Bodell as Chief Information Officer Ryan Specialty Holdings, Inc named Bradley Bodell as chief information officer. In this role, Bodell will lead Ryan Specialty’s technology and security...
People Moves: Former Lexington Exec Heads to FutureProof; Hourly.io Hires From Markel; Leisz Joins Nationwide E&S; New CIO at Ryan Specialty
Jul 19 2022 // San Diego-based FutureProof Technologies has hired Joseph Strickland as head of underwriting. He was previously senior vice president at AIG’s Lexington Specialty Isurance Agency. FutureProof calls itself a...
