Latest Excess Surplus Headlines
All the headlines from our Excess Surplus Topic Page, ordered by recency.
Lloyd’s, Insurtech Parsyl Launch Insurance Facility for COVID-19 Vaccine Shipments
Dec 15 2020 // Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions of dollars of insurance coverage, together with risk mitigation services, to help...
AM Best Assigns Ratings to Accredited Specialty Insurance in Arizona
Dec 9 2020 // AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Accredited Specialty Insurance Co. in Phoenix, Ariz. The outlook assigned...
How Young E&S Brokers Are Navigating Today’s Market and Their Careers
Dec 9 2020 // Wholesaler brokers of all ages are facing hard market conditions with rising insurance rates, tighter underwriting and fewer carriers willing to write some tough classes. They, like everyone, are also experiencing fewer...
Everest Insurance Names Clark Senior VP, Head of Everest Specialty Underwriters
Dec 9 2020 // Everest Insurance has named Robert Clark as senior vice president and head of Everest Specialty Underwriters (ESU). Clark will continue to be based in the company’s New York City office, reporting to Everest...
New Sirius U.S. Excess & Surplus Unit Begins Writing Environmental Business
Dec 9 2020 // Sirius International Insurance Group Ltd. announced its new U.S.-based excess & surplus lines (E&S) platform, called Sirius Specialty Insurance Co. (SSIC), will begin underwriting business produced by the...
AmWINS Programs Adds Core Specialty as Long-Term Care Facilities Program Carrier
Dec 8 2020 // Core Specialty Insurance Holdings, Inc. will be the carrier providing insurance coverage for AmWINS Program Underwriters’ (APU) Long-Term Care Facilities program, effective January 1, 2021. The Long-Term Care...
New Insurance Group Inigo Gets Approval from Lloyd’s to Start Underwriting in January
Dec 3 2020 // Inigo Ltd., the new London insurance group that has raised $800m in start-up capital from a group of blue chip global investors, announced that it has received approval in principle from the Corporation of Lloyd’s...
Crum & Forster Acquires Aspen’s Food and Beverage Product Recall Business
Dec 2 2020 // Specialty insurer Crum & Forster (C&F) has acquired the renewal rights of Aspen’s U.S. food and beverage product recall insurance portfolio written primarily through the excess and surplus lines market. The...
AmWINS Program Underwriters Announces New Carrier for Long-Term Care Facilities Program
Dec 2 2020 // CHARLOTTE, N.C. (December 2, 2020) – AmWINS Program Underwriters (“APU”) today announced a new carrier partnership to provide insurance solutions for APU’s Long-Term Care Facilities program, effective...
Skyward Specialty Insurance Hires CNA’s Childs to Lead Construction Business
Dec 1 2020 // Houston-based Skyward Specialty Insurance Group Inc. (Skyward Specialty) has added Rick Childs as senior vice president, Construction, to lead its growing construction business. Childs brings 25 years of commercial...
Consolino Named President, CEO of Newly Capitalized Core Specialty Insurance
Dec 1 2020 // Cincinnati, Ohio-based Core Specialty Insurance Holdings Inc. has completed its recapitalization of StarStone U.S. Holdings Inc. and named Jeff Consolino as president and CEO. In a media release, the company said the...
AmWINS to Acquire Bermuda-Based International Specialty Brokers Ltd.
Dec 1 2020 // AmWINS Group Inc., a global distributor of specialty insurance products and services, announced it has signed a definitive agreement to acquire International Specialty Brokers Ltd. (ISBL), a Bermuda-based P&C wholesale...
Liquidation Requested for Texas Nonstandard Auto Insurer, ACCC
Nov 30 2020 // An application for an order of liquidation has been filed in a Travis County, Texas, district court for a Houston-based nonstandard auto insurer now in receivership. With the agreement of its board of directors, ACCC...
Recorded Texas Surplus Lines Premium Rose to $629.53 Million in October
Nov 30 2020 // The Surplus Lines Stamping Office of Texas (SLTX) recorded $629.53 million in Texas surplus lines premium during the month of October. The premium recorded year to date through October represents a 13.8% increase over the...
Lloyd’s Gets Nod to Transfer European Policies to Lloyd’s Europe in Time for Brexit
Nov 30 2020 // Lloyd’s, the world’s leading insurance and reinsurance market, has received final approval from the High Court of England and Wales to transfer policies in the European Economic Area to Lloyd’s Insurance...
HDI Global Specialty Renews Agreement with German MGA AMANIKI
Nov 30 2020 // HDI Global Specialty SE has announced the renewal of its underwriting agency agreement with German M&A insurance specialist MGA, AMANIKI. The agreement also sees AMANIKI move from a co-insurance panel of capacity...
Ki Syndicate 1618 Binds 1st Risk with AmWINS’ Broking Unit THB
Nov 30 2020 // Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced it has bound its first risk with THB, the International broking arm of global specialty wholesale broker, AmWINS Group Inc. The risk...
Private Equity Investors Pelican Ventures, J.C. Flowers Complete Ariel Re Deal
Nov 25 2020 // Private equity investors Pelican Ventures and J.C. Flowers & Co. have completed their acquisition of Ariel Re from Argo Group. Ariel Re underwrites a global portfolio of reinsurance products in Bermuda, London and Hong...
Finnis Named a Central Region VP at Berkshire Hathaway Specialty Insurance
Nov 24 2020 // Berkshire Hathaway Specialty Insurance (BHSI) has named Lauren Finnis vice president, Customer & Broker Engagement, for the Central Region, based in Chicago. She was previously vice president of Customer & Broker...
Kemper to Pay $370M for Specialty Insurer Focused on Hispanic Market
Nov 23 2020 // Kemper Corp. has agreed to pay $370 million in cash for specialty auto insurer American Access Casualty Company and its related captive insurance agency, Newins Insurance Agency Holdings. Driving the deal: Growth potential...
