Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
LMA Announces ‘At-the-Box’ or ‘In-the-Office’ Availability for Lloyd’s Underwriters
Feb 4 2022 // The board of the Lloyd’s Market Association (LMA) has announced cross-market consensus on underwriters’ in-person availability – either at the Lloyd’s Underwriting Room or in the office. The commitment...
Greenlight Re Innovations Gets ‘In-Principle’ Nod to Launch Lloyd’s Syndicate
Feb 1 2022 // Greenlight Re Innovations (GRI), part of Cayman Islands-headquartered Greenlight Capital Re Ltd., has received “in-principle” approval from Lloyd’s to establish an insurtech-focused syndicate. Syndicate...
Insurtech MIC Global Receives ‘In-Principle’ Approval to Launch Lloyd’s Syndicate
Jan 28 2022 // Insurtech MIC Global has received “in-principle” approval from Lloyd’s for the creation of MIC Global Insurance Syndicate 5183. UK-based MIC Global provides end-to-end digital micro insurance products,...
U.S. Surplus Lines Premium Up 22% in 2021
Jan 26 2022 // Surplus lines premium increased 22% and transactions rebounded almost 6.6% over their 2020 totals in the 15 states with designated surplus lines stamping offices. The increases represented record levels of premium ($51...
People Moves: Marsh Promotes Payne to UK Chair of FINPRO; WTW Hires Smith From Lloyd’s for Digital Trading; Aon Bolsters UK Operations’ Team With 2 Hires
Jan 24 2022 // This edition of International People Moves details appointments at Marsh, Willis Towers Watson (WTW) and Aon. A summary of these new hires follows here. Marsh Promotes Payne to UK Chair of FINPRO, Morgan as Head of...
WSIA’s Diversity, Inclusion Director Sees Industry Progress, Commitment to Change
Jan 24 2022 // In its commitment to promoting diversity, equity and inclusion in the insurance industry, the Wholesale and Specialty Insurance Association (WSIA) recently hired Vanessa Sims as its first director of DE&I. According to...
People Moves: Lloyd’s Names Chubb’s Miller as Commercial Dir.; Chubb Promotes Meyer to Switzerland Country Pres.; WTW Hires Aon’s Weda for Corp. Risk & Broking, Benelux
Jan 20 2022 // This edition of International People Moves details appointments at Lloyd’s, Chubb and Willis Towers Watson (WTW). A summary of these new hires follows here. Lloyd’s Names Chubb’s Miller as Commercial...
Cyber MGA Resilience Becomes Lloyd’s Coverholder
Jan 20 2022 // Resilience, the San Francisco-based cyber managing general agent, announced it has earned delegated authority as a coverholder at Lloyd’s. As a Lloyd’s coverholder, Resilience will be positioned to deliver its...
Committee Approves Florida Surplus Lines Bill; Stiffens Penalties for Adjusters
Jan 19 2022 // Florida took a step toward opening its distressed property insurance market to more carriers Tuesday when a Senate committee approved a bill that would let Florida-based surplus lines insurers sell surplus policies in...
Lloyd’s Weighs Future of Headquarters as Market Embraces Flexible Working
Jan 18 2022 // Lloyd’s of London is reviewing its real estate needs as the historic insurance market embraces flexible working. “As we adapt to new structures and flexible ways of working, we are continuing to carefully think...
Lloyd’s Forms New Operational Structure to Deliver Blueprint 2 Modernization Program
Jan 18 2022 // Lloyd’s announced a new operational structure for the delivery of its transformational Blueprint Two program, following the departure of Lloyd’s Chief Operations Officer (COO) Jennifer Rigby. Rigby leaves...
Jamey Schoenhard Promoted to VP, Underwriter of Specialty Property Program Team at Breckenridge Insurance
Jan 14 2022 // IRVING, Texas, January 14, 2022 — Breckenridge Insurance announces the promotion of Jamey Schoenhard to vice president, underwriter of the specialty property program team. Schoenhard has twelve years of experience in...
Lloyd’s, IUA Sign Contract With DXC to Help Build Fully Automated Processing
Jan 12 2022 // Lloyd’s confirmed a contract has been signed with DXC Technology and the International Underwriting Association (IUA) in an agreement that will build the solutions to digitalize, streamline and fully automate...
Lloyd’s Forms ‘Product Launchpad’ to Develop Insurance Solutions for Emerging Risks
Jan 6 2022 // The “Lloyd’s Product Launchpad” is the new home for the development of insurance solutions to tackle emerging risks. The Lloyd’s Product Launchpad has been created to replace the Product Innovation...
Cyber Insurtech Corvus Buys Lloyd’s Coverholder Tarian Underwriting Ltd.
Jan 4 2022 // Corvus Insurance, the Boston-based, cyber-focused managing general agent, announced it has acquired Tarian Underwriting Ltd. from Beat Capital Partners Ltd. Tarian operates a cyber underwriting platform that provides cyber...
2022 Means More Claims Data From Florida Insurers, Notification on Surplus Lines
Jan 3 2022 // New Florida laws and regulations that govern insurance matters took effect Sunday. Some are minor changes to existing laws, but others could affect insurers and agents for years to come. Here’s a look at some of the...
Trean Insurance Group Launches Arkansas E&S Carrier, Benchmark
Dec 29 2021 // Benchmark Insurance Company, subsidiary of Trean Insurance Group Inc. and a writer of program business, has formed a new excess and surplus lines subsidiary, Benchmark Specialty Insurance Company, an Arkansas domestic...
WSIA’s Diversity, Inclusion Director Sees Industry Progress, Commitment to Change
Dec 29 2021 // In an effort to continue its commitment to promoting diversity, equity and inclusion in the insurance industry, the Wholesale and Specialty Insurance Association (WSIA) recently hired Vanessa Sims as its first director of...
Hallmark Financial Cancels Plans for Specialty Insurance Spinoff and IPO
Dec 27 2021 // Hallmark Financial Services, Inc. announced last Thursday that it will no longer actively pursue a previously announced separation of its specialty commercial business segment and will not proceed with an initial public...
Lloyd’s Asia Launches Renewable Energy Consortium
Dec 27 2021 // Lloyd’s has launched a new renewable energy consortium, to respond to the growing needs of the Asia-Pacific region and supporting countries, as they transition to greener energy solutions. Developed by the...
