Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Demand Outpacing Supply in One of Best E&S Markets in 50 Years, Industry Veteran Says
Sep 17 2021 // The chair of W.R. Berkley Corp. has been observing conditions in the excess and surplus and specialty markets for more than five decades and views the current environment as just about the best in that time span. According...
U.S. Surplus Lines Industry Grew Premium 17.5% in 2020
Sep 16 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...
E&S Insurer Ategrity Raises $75M, Plans Further Expansion
Sep 16 2021 // Ategrity Specialty Insurance Co. sad it has completed a $75 million capital raise led by Sequentis Financial LLC to support its continued growth. Ategrity is a Scottsdale, Arizona-based specialty property/casualty...
Dale Partners Receives ‘In-Principle’ Approval to Launch Lloyd’s Managing Agency
Sep 16 2021 // Dale Partners Ltd., the London-based holding company of Dale Underwriting Partners (DUP), has been granted “in-principle” approval by Lloyd’s to form its own managing agency. The new entity, Dale Managing...
$767.1M in Texas Surplus Lines Premiums Recorded in August
Sep 9 2021 // Surplus lines premium recorded in Texas during August totaled $767.1 million, bringing the year to date total to $6.18 billion, according to the Surplus Lines Stamping Office of Texas (SLTX). This results in a 6.9% (or $49...
Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio
Sep 9 2021 // Lloyd’s of London reported pre-tax profit of £1.4 billion (US$1.9 billion) for the first half of 2021, compared to a £400 million (US$550.8 million) loss during H1 2020. The market’s profit was driven by a...
People Moves: RT Specialty’s Bernardo, Cross Insurance’s Jermyn Promoted
Sep 8 2021 // Bernardo Promoted Within RT Specialty’s Environmental and Construction Practice Gina Bernardo has been promoted to account manager within the environmental and construction professional (ECP) practice of RT...
Ryan Specialty Underwriting Managers CEO Clark Departs for Personal Reasons
Sep 8 2021 // Ryan Specialty Group announced that Tom Clark, chief executive officer of RSG Underwriting Managers, Ryan Specialty’s underwriting management specialty, will resign from his position effective September 30, 2021,...
Risk Strategies Acquires Georgia-based Employee Benefits Specialty Broker Benevestco
Aug 31 2021 // National specialty insurance brokerage and risk management firm Risk Strategies announced it has acquired the assets of employee benefits specialty broker Benevestco, Inc., a Resource Sevens company. Terms of the deal were...
People Moves: Aon Reinsurance Appoints 6; TigerRisk Hires Edwards from Lloyd’s; Nexus Names Tan Head of Treaty; Riveros to AXIS Re for Credit & Surety
Aug 23 2021 // This edition of International People Moves details reinsurance-related appointments at two brokers: Aon Reinsurance Solutions and TigerRisk as well as MGA Nexus and AXIS Re. A summary of these new hires follows here. Aon...
Mosaic and DXC Technology Launch Technology Platform for Specialty Insurance
Aug 20 2021 // Mosaic Insurance and DXC Technology announced the launch of an insurance technology platform that increases the speed at which specialty insurance is sold, underwritten and serviced. Together with DXC’s...
People Moves: Africa Specialty Risks Names Bheenick as Mauritius Managing Director; WTW’s Whyte Joins Miller for APAC Expansion
Aug 18 2021 // Africa Specialty Risks Names Bheenick Managing Director in Mauritius Africa Specialty Risks (ASR), the pan-African focused reinsurance group, has appointed Krishna Bheenick as its managing director in Mauritius. The...
Arthur J. Gallagher & Co. Acquires Majority Stake in Turkish Specialty Broker
Aug 12 2021 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has purchased a majority stake in Turkish specialty broker Brokers’ House (BH Sigorta ve Reasürans Brokerligi A.S.). Terms of the...
Blenheim Underwriting Launches Lloyd’s Managing Agency
Aug 10 2021 // Blenheim Underwriting Ltd. announced it has received final approval and the necessary permissions from UK regulators and Lloyd’s to act as a managing agency for Syndicate 5886. The effective date of transfer of...
Texas Surplus Lines Premium Total for July 2021: $836.1M
Aug 9 2021 // Texas surplus lines premium for July 2021 reached $836.1 million, the Surplus Lines Stamping Office of Texas (SLTX) reported. The number brings the year-to-date total up to $5.42 billion as of the end of July, a 16.1%...
Lloyd’s Selects 11 Start-Ups for Innovation Lab Accelerator
Aug 9 2021 // Flood loss estimates, secure private messaging, money laundering detection and severe weather parametrics are the objectives of a few in a group of startups chosen by Lloyd’s of London for its latest Lloyd’s...
Africa Specialty Risks Launches Reinsurer in Bermuda
Aug 6 2021 // Africa Specialty Risks (ASR), the pan-African focused reinsurance group, announced it has launched a licensed reinsurer in Bermuda. The group will offer a full suite of products from its Bermudan reinsurer, including...
Investors Complete Acquisition of Specialty Insurer ProSight Under Plan to Go Private
Aug 4 2021 // Investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management said they have completed the acquisition of ProSight Global, Inc., a New Jersey-based domestic specialty...
Houston’s CrossCover Enters E&S Property Insurance Market
Aug 3 2021 // Houston-based CrossCover Insurance Services, a new managing general underwriter targeting middle-market commercial business, is entering the excess and surplus property market. CrossCover was established in partnership...
