July 10, 2020
Lloyd’s announced it plans to stop accepting admitted market accounts in the U.S. in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the market leader. As part of this strategy …
April 22, 2020
COVID-19 has majorly disrupted the global economy, and while many business sectors are subjected to temporary shutdowns or bare minimum operations, the insurance industry is racing forward while confronting unprecedented amounts of risk and uncertainty. Under most state-issued business shutdown …
September 24, 2019
AmTrust E&S Insurance Services is expanding its offerings with the launch of an excess casualty underwriting division. To lead the Los Angeles-based new business unit, AmTrust E&S has hired Jeff Lynn, who brings 15 years of experience in the excess …
November 20, 2018
The Surplus Lines Stamping Office of Texas (SLTX) plans to launch “SMART,” its new online filing system in 2019. SLTX unveiled the new online system in a video presentation at the Texas Surplus Lines Association 2018 Annual Meeting in Austin …
January 24, 2017
Overall, 2016 ended on a positive note for the U.S. excess and surplus lines insurance industry, according to the Surplus Lines Stamping Office of Texas (SLTX). Nationally, nearly $26 billion in surplus lines insurance premium was recorded for end-of-year 2016, …
September 29, 2016
Excess and surplus lines underwriters continued to outperform the U.S. property/casualty industry at large in terms of combined ratio in 2015, Fitch Ratings said in a new market review. The report also cautions that premium growth in the E&S sector …
September 19, 2016
The Surplus Lines Stamping Office of Texas (SLSOT) is alerting surplus lines insurance professionals in the state that due to the merger of Markel companies Essex Insurance Co. (Essex) into Evanston Insurance Co. (Evanston) on June 30, 2016, Essex has …
March 17, 2016
The Hartford has agreed to purchase Northern Homelands Co., the holding company of excess and surplus lines insurer Maxum Specialty Insurance Group, for $170 million in cash. According to the announcement, Maxum will maintain its brand and wholesale distribution model …
February 22, 2016
Safety National Casualty Corporation has acquired an excess and surplus company that will begin operations in March 2016 as Safety Specialty Insurance Company (SSIC). Safety Specialty will initially focus on complementing Safety National’s public entity multi-line program, which includes general …
February 13, 2015
Norma Carabajal Essary has been appointed as executive director of the Surplus Lines Stamping Office of Texas (SLSOT), effective March 1, 2015. She succeeds Philip R. Ballinger, who retired Jan. 2, 2015, after 22 years of distinguished service. For the …