Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s, London Insurers Form Joint Venture with DXC to Transform Digital Processing
May 27 2021 // Lloyd’s and insurers in the London company market have formed a joint venture with DXC Technology, aiming to transform digital capabilities and reduce processing costs for the London insurance markets. The joint...
Africa Specialty Risks Launches Parametric Underwriting Division
May 24 2021 // Africa Specialty Risks (ASR), the pan-African focused managing general agent, announced the launch of its parametric division, alongside the appointment of Dr. Raveem Ismail as head of Parametric Underwriting and Ian...
Africa Specialty Risks Launches Mauritius Reinsurer, Backed by PE Firm Helios
May 21 2021 // Africa Specialty Risks (ASR), a reinsurance managing general agent focused on the African corporate and specialty market, announced it has launched a fully capitalized and licensed reinsurer based in Mauritius. Alongside...
Anderson Benson of Tenn. Appointed Lloyd’s Coverholder for Media Liability E&O Program
May 20 2021 // Anderson Benson, a Nashville-based independent insurance and risk management broker, has been appointed as a coverholder by Lloyd’s of London for a worldwide media liability errors and omissions (E&O) program...
People Moves: WTW’s Harvey to Acrisure Re; Fidelis’ Clapham to IGI; AXA XL’s Paeßens to Liberty Specialty Markets; Leggett Is CEO of Sedgwick Ireland
May 20 2021 // This wrap-up of international People Moves details recent appointments at Acrisure Re; International General Insurance; Liberty Specialty Markets and Sedgwick. A summary of these new hires follows here. Acrisure Re, the...
Arrowhead Launches E&S Program, Names Murray as President
May 20 2021 // Arrowhead General Insurance Agency Inc. has launched a new excess and surplus lines program and named Bill Murray as its president. The new E&S program operates as part of the National Programs division of Brown &...
Medical Protection Society Receives Approval to Form Full Lloyd’s Syndicate
May 18 2021 // Asta, the third-party managing agent at Lloyd’s, announced it has received “in principle” approval from the Lloyd’s Council for the transition of the Medical Protection Society’s (MPS) Special...
People Moves: Marsh’s Daudt to Oneglobal; MS Amlin’s Boreham to Africa Specialty Risks; Zurich’s Jadav to AXA XL; RFIB’s Hallett to SiriusPoint
May 14 2021 // This wrap-up of international People Moves details recent appointments at Oneglobal Broking, Africa Specialty Risks, AXA XL and SiriusPoint. A summary of these new hires follows here. Oneglobal Broking, the London based...
NJM Insurance Adds BOP, Commercial Excess, Umbrella Coverage in New Jersey
May 13 2021 // NJM Insurance Group is now writing businessowners policies and corresponding excess and umbrella policies in New Jersey. The ProEdge Businessowners Policy provides protection for property and liability risks associated...
First Indemnity to Offer Excess Professional Liability Coverage for Law Firms
May 12 2021 // First Indemnity Insurance Group, a specialty insurance agency providing professional liability products for lawyers and law firms, has launched Excess Protect insurance coverage for law firms of one to 750...
Nearly $748M in Texas Surplus Lines Premiums Reported in April
May 11 2021 // The Surplus Lines Stamping Office of Texas (SLTX) says recorded $747.99 million in surplus lines premium in April, an amount representing a 0.8% increase over April 2020. Cumulatively, this represents a total of $2.75...
‘A-‘ Rating Assigned to Texas Insurers, Southlake Specialty and Westlake Specialty
May 5 2021 // AM Best has assigned a financial strength rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Southlake Specialty Insurance Co. (SSIC) and its subsidiary, Westlake Specialty Insurance Co.,...
Beat Capital Launches Tegron Specialty for D&O; Names Navigators’ Shore CEO
May 4 2021 // LONDON – Beat Capital Partners Ltd. and industry veteran Paul Shore have opened a new underwriting vehicle Tegron Specialty that will focus on directors and officers insurance for publicly traded companies, specializing...
Core Specialty, DUAL to Offer Primary, Excess Professional Liability Coverage
May 4 2021 // Core Specialty Insurance Holdings, Inc. and its subsidiaries has formed an underwriting arrangement with DUAL Commercial, LLC to provide primary and excess professional liability limits for qualified classes of business....
CFC to Launch Lloyd’s Syndicate with Asta as Manager
Apr 30 2021 // LONDON — Specialty insurance underwriter CFC reported that Lloyd’s of London has given preliminary approval to the creation of CFC Syndicate 1988. The new syndicate will be managed by Asta Managing Agency Ltd. CFC...
Texas Q1 Surplus Lines Premium Up 20% Over 2020, Stamping Office Says
Apr 29 2021 // The Surplus Lines Stamping Office of Texas (SLTX) reported that the state has seen record-breaking premiums in the first quarter of 2021, with a total of $2 billion in premium representing a 20.1% increase over the same...
Houston’s Skyward Specialty Launches Healthcare Professional Liability Group
Apr 28 2021 // Houston-based Skyward Specialty Insurance Group Inc. (Skyward Specialty) has launched its Healthcare Professional Liability practice led by Brenda Craig, April Gilcreast and Chantelle Burton. Underwriting will focus on...
Integrated Specialty Coverages Launches Vacant Property Program
Apr 27 2021 // Integrated Specialty Coverages (ISC), a multi-line program administrator that builds end-to-end insurance products with artificial intelligence (AI) engineering and data analytics, has launched its Vacant Property Program...
Climate Change Activists Protest at Lloyd’s of London, Dumping a Load of ‘Coal’
Apr 23 2021 // Lloyd’s of London was the focus of climate change activists on Friday, when a group called “Insurance Rebellion” used a dump truck to deposit a large pile of fake coal in front of the Lloyd’s...
Lloyd’s Receives ‘AA-‘ from Its New Rating Agency KBRA
Apr 23 2021 // Kroll Bond Rating Agency (KBRA) has assigned an “AA-” insurance financial strength rating (IFSR) to Lloyd’s with a stable outlook. Newly appointed to provide an additional independent opinion of the...
