Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Surplus Lines Report: Mostly Good News
Nov 15 2021 // A. M. Best Co. used the word stable to describe the current excess & surplus (E&S) market, which has made a turn for the better since 2020. The ratings company upgraded the market’s outlook from a negative...
Navigating Today’s E&S Markets
Nov 15 2021 // For brokers and agents to navigate the market successfully, Brent Winans, vice president of Clear Advantage Risk Management, said it takes plenty of information, and a lot more diligence. “In a soft market, everybody...
Why 3 Young Professionals Love E&S
Nov 15 2021 // Young professionals in the surplus lines industry call the excess and surplus lines (E&S) sector the best kept secret when it comes to a career choice. It’s an industry that provides eager young talent with...
Agents Need E&S Markets Now, More Than Ever
Nov 15 2021 // Insurance rates are rising, capacity is shrinking, and carriers are tightening their underwriting requirements. As a result, agents must work harder and harder to find insurance coverage that meets the needs of their...
Berkshire Hathaway Specialty Insurance Opens Third Office in Germany
Nov 12 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded in Germany, opening a new office in Frankfurt. The company already has offices in Cologne and Munich. “BHSI is committed to building long-term...
Hannover Re Sells Stake in HDI Global Specialty to Position Itself as Pure Reinsurer
Nov 12 2021 // Hannover Re is selling its 49.8% stake in the joint venture HDI Global Specialty SE to the majority shareholder HDI Global SE, effective Dec. 31, 2021. HDI Global SE will then hold 100% of the shares. Financial details of...
Westfield Insurance to Buy Argo’s U.S. Specialty Property Renewal Rights
Nov 12 2021 // Specialty insurer Argo Group International Holdings has agreed to sell the renewal rights of its U.S. specialty property business to Westfield Insurance of Ohio. This transaction includes Argo’s shared and layered...
Venbrook Acquires Georgia E&S MGA
Nov 10 2021 // Venbrook Group, an independent insurance distribution and services firm, has acquired Alpharetta Underwriters, a specialty managing general agent that offers excess and surplus coverage for the construction...
Lloyd’s Broker MNK Re Launches Specialty Wholesale and Retail Unit
Nov 10 2021 // MNK Re Ltd., the London-headquartered Lloyd’s specialist broker, is launching MNK Re UK Specialty Ltd., to focus on UK wholesale and retail business. This new business will build out a wider category of risk...
Xenia Acquires Financial and Specialty Business of London Broker Parker Norfolk
Nov 9 2021 // Xenia Broking Group Ltd. reports it has has acquired the trade credit and financial and specialty risk teams from specialist Lloyd’s insurance broker Parker Norfolk & Partners Ltd. The deal signals Xenia’s...
People Moves: Pancoast Moves to Ironshore E&S; PwC’s Coggins Leads Actuaries; McLean Joins Lockton from Willis
Nov 8 2021 // Pancoast to Head Ironshore’s E&S Primary Casualty Adam Pancoast has been named to lead the excess and surplus Primary Casualty business of Ironshore, a Liberty Mutual company. As national manager, E&S...
WTW’s Smith to Lead Chaucer’s Marine Specialty Division; NFP Names Beauchamp VP Commercial Lines; Insurtech BOXX Hires Steptoe as Global Chief Product Officer
Nov 2 2021 // This edition of International People Moves details appointments in at insurer Chaucer (in the UK), the broker NFP (in Quebec) and the insurtech BOXX (in Switzerland). A summary of these new hires follows here Chaucer...
People Moves: New Hires at RT Specialty, Optisure Risk Partners
Nov 2 2021 // Koch Joins Environmental and Construction Professional Practice at RT Specialty Jenna Koch joined the environmental and construction professional (ECP) practice of RT Specialty as an account administrator. In this role,...
Climate Protesters Spill 1,000 Liters of Fake Oil Outside Lloyd’s of London
Oct 29 2021 // Climate protesters spilled a 1,000 liters (220 gallons) of fake oil outside Lloyd’s of London Friday, part of a campaign to draw attention to the finance industry’s financing of fossil fuels. The activists were...
Lloyd’s Ups Climate Pledge, Vows to Push Members on Net Zero: Reuters
Oct 28 2021 // Lloyd’s of London said on Thursday it would join peers in scaling up efforts to cut carbon emissions and push members of the commercial insurance market to do the same, days before international climate talks get...
People Moves: Tysers’ Allen to Oneglobal Bermuda; MS Amlin Promotes Wallington for Specialty Re; Kessler Named Chair of Insurance Europe’s Reinsurance Advisory Board
Oct 25 2021 // Allen appointed as Head of Financial Lines for Oneglobal Bermuda Oneglobal Broking, the London-based specialist broker, announced that Christina Allen will join Oneglobal Bermuda as head of Financial Lines. Allen will...
Cowbell Cyber, Palomar E&S Enter Multi-Year Partnership
Oct 21 2021 // Cowbell Cyber, an AI-powered cyber insurance provider for small to medium enterprises, announced a strategic partnership with Palomar Excess & Surplus Insurance Co. to expand its offerings on a non-admitted basis...
Hamilton to Cease Writing Property Treaty Reinsurance Through Its Lloyd’s Syndicate
Oct 20 2021 // Hamilton Insurance Group Ltd. announced its decision to cease writing property treaty reinsurance through Syndicate 4000 in London. “We regularly review our book to ensure that we continue to drive underwriting...
Beazley Launches First ESG Syndicate at Lloyd’s
Oct 19 2021 // Specialist insurer Beazley has received in-principle approval from Lloyd’s to launch Syndicate 4321 from Jan. 1, 2022. Once fully approved, the syndicate will focus exclusively on offering additional capacity to...
Skyward Specialty Adds Cannabis Coverage for D&O and E&O Lines
Oct 14 2021 // Skyward Specialty Insurance Group is broadening its professional and management liability offerings for the U.S. legal cannabis market by adding cannabis-related risk to multiple coverage classes. The company’s...
