Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
People Moves: WTW Hires ERS’ Shepherd to Lead Facultative; Specialty Insurer Fusion Names Gallagher’s Simmonds as Managing Partner; AXIS’ Quane Is CUO at Beazley
Oct 14 2021 // This edition of International People Moves details appointments at broker Willis Towers Watson, specialty insurer Fusion and insurer Beazley. A summary of these new hires follows here. Willis Towers Watson Hires ERS’...
Lloyd’s Re/Insurer Apollo Receives $90M Investment From Alchemy Partners
Oct 12 2021 // Apollo Group Holdings Ltd., the largest independent, management-owned business at Lloyd’s, announced it has agreed a $90 million investment by Alchemy Special Opportunities Fund IV LP. Apollo said the investment will...
SECURA Insurance Begins Offering Specialty Lines Products in Pennsylvania
Oct 12 2021 // SECURA Insurance has begun offering its specialty lines products in Pennsylvania. For the initial launch, the company is partnering exclusively with Keystone agencies throughout the state focusing on classes such as...
SiriusPoint Appoints Reinsurance Exec Heerasing; HDI Promotes Ogden as Director of Underwriting/Distribution; Besso Builds Property/Specialty Team With Hires From Tysers
Oct 12 2021 // This edition of International People Moves details appointments at re/insurer SiriusPoint, insurer HDI Global, and Lloyd’s broker Besso. A summary of these new hires follows here. SiriusPoint Appoints Top Reinsurance...
Specialty MGA Rokstone Launches Terrorism Facility in the UK, Led by Ensurance’s Steel
Oct 12 2021 // Rokstone, the London-based speciality re/insurance managing general agency, has launched a new terrorism facility with “A”-rated capacity in the UK. The news follows the launch of its terrorism product in the...
Takeaways from Our Conversation on Cannabis and Surplus Lines
Oct 11 2021 // Powered by InsuranceJournal.tv It may not come as much of a surprise to those who know about insurance and cannabis that the business is written mostly by the surplus lines market. Just how much is written there vs. the...
Specialty Program Group Acquires Assets of CM&F Group
Oct 7 2021 // Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, acquired the assets of CM&F Group, a digital provider of healthcare liability insurance coverage for...
Texas Records $699.8M in Surplus Lines Premiums in September
Oct 6 2021 // Texas surplus lines premium recorded during September totaled $699.8 million, bringing the state’s year-to-date premium up to $6.88 billion. The Surplus Lines Stamping Office of Texas (SLTX) said the year-to-date...
Lloyd’s and London’s Finance District Confront a Past Steeped in Slavery
Oct 6 2021 // LONDON — British ships ferried over 3 million enslaved African people across the Atlantic Ocean. Lloyd’s of London insured many of those vessels, the people chained below deck sometimes categorized as...
People Moves: Ed Bermuda Names Marsh’s Juul as Head of Casualty; Mosaic Hires Jones From Liberty Specialty Markets; BHSI Promotes 2 for UK & Europe
Oct 5 2021 // This edition of International People Moves details appointments at Ed Bermuda, Mosaic Insurance and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Ed Bermuda Names Marsh’s...
People Moves: Management Changes at Safety National Re; Westfield Specialty’s New Underwriting Execs; UFG Searches for New CFO
Oct 5 2021 // Safety National Re Revamps Management Team Safety National Re, a division of Safety National Casualty Corp., made changes to its management team. Bob King, formerly senior vice president and chief underwriting officer of...
Lloyd’s Broker Tysers Launches Specialist Products for New Live Events Landscape
Oct 4 2021 // Lloyd’s broker Tysers has developed and diversified its entertainment insurance products and services to reflect the new live events landscape. For the music & live events sector, the broker has launched two...
U.S. Surplus Lines Industry Grew Premium 17.5% in 2020
Oct 4 2021 // The U.S. surplus lines market experienced direct premium growth of 17.5% in 2020, the largest year-over-year premium increase since 2003, according to an AM Best report. The 2020 increase in direct premium written comes on...
AXA XL Insurance and NIP Group Announce Strategic Partnership and Launching of a New Monoline Commercial Excess Liability Program
Sep 28 2021 // Program provides additional protection over scheduled coverages Woodbridge, N.J., September 28, 2021 – NIP Group (www.NIPGroup.com), a market leader in insurance program administration, is proud to announce the addition...
Volante Receives ‘In-Principle’ Nod From Lloyd’s to Launch Asta-Managed Syndicate
Sep 23 2021 // Volante Capital Holdings (Bermuda) Ltd., the international multi-class managing general agency platform, has received “in-principle” approval from Lloyd’s to launch Syndicate 1699 for the 2022 year of...
People Moves: Promotions at IAT Insurance Group, RT Specialty
Sep 23 2021 // IAT Insurance Group Promotes Rudd within Excess and Surplus Business Unit IAT Insurance Group, a provider of specialty property/casualty and surety products, promoted Coy Rudd to lead the insurer’s excess and surplus...
People Moves: Acrisure Re Appoints 4; Amwins Global Risks Hires Beazley’s Hensman, Davies From Lloyd’s; Favre Joins SiriusPoint for Credit, Bond & Political Risk
Sep 20 2021 // This edition of International People Moves covers appointments at Acrisure Re, Amwins Global Risks and SiriusPoint. A summary of these new hires follows here. Reinsurance Broker Acrisure Re Augments Corporate Advisory and...
People Moves: AXA XL Names Clark as Marine Liabilities Global Practice Leader; Hamilton Hires Ironshore’s Marzec as Head of Management Liability for E&S
Sep 20 2021 // AXA XL Names Clark as Marine Liabilities Global Practice Leader AXA XL’s Global Marine insurance business has appointed Stephen Clark as its Marine Liabilities Global Practice leader. Based in Chicago, Clark assumes...
Cover Whale Partners With E&S Insurer Everspan to Offer Commercial Trucking
Sep 20 2021 // Cover Whale Insurance Solutions Inc., a Rancho Santa Margarita, Calif.-based insurtech, is partnering with excess and surplus lines insurer Everspan Indemnity Insurance Co., to offer a commercial trucking insurance...
Lloyd’s Urges Insurance Workforce With Ethnic Minorities as One-Third of New Hires
Sep 17 2021 // Lloyd’s of London wants the commercial insurance market to recruit a third of its workforce from ethnic minorities, it said on Friday, as it attempts to improve diversity. Nearly 50,000 staff are employed in...
