Excess/Surplus News

GJS Re Opens Facultative Reinsurance Unit; Threlfall to Lead

G.J. Sullivan Co. Reinsurance (GJS Re) has launched GJS Re Facultative to focus on providing quality property facultative reinsurance to select insurance company clients on a nationwide basis. John W. Threlfall joins GJS Re to head up the facultative group, …

Liberty International Underwriters Names Kania as SVP, Energy and Construction

Timothy R. Kania has been appointed as senior vice president of energy and construction in the U.S. and Latin America for Liberty International Underwriters (LIU), a part of Liberty Mutual Insurance’s global specialty lines unit. Kania, a 25-year veteran in …

Insential, Kinsale to Offer Expanded Coverage for Hard-to-Place Risks

Insential, Inc. has joined with Kinsale Insurance Co. to offer Insential’s clients expanded coverage for hard-to-place casualty business. Insential is a national commercial lines wholesale broker headquartered in Plano, Texas with offices in Chicago and New York. Insential will represent …

Wholesale Insurance Broker LevelFirst Opens Austin Office

LevelFirst a diversified wholesale broker and managing general agency headquartered in Dallas, has opened an Austin, Texas, office. Vivian Plein has joined LevelFirst to lead the Austin office. Plein has more than 10 years of excess and surplus insurance production …

AmWINS Group Completes Recapitalization Deal

AmWINS Group Inc., based in Charlotte, N.C., has completed its recapitalization with the private equity firm New Mountain Capital of New York. As announced on April 17, 2012, the wholesale insurance broker reported that its management and employee shareholders agreed …

Rockhill Launches E&S Primary General Liability Underwriting Unit

Rockhill Insurance Group has expanded its product offerings to include primary general liability. The new underwriting unit will be led by Bob Stone, who will be based in Dallas, Texas. Stone will focus on building a national book of primary …

11 States Adopt Plan to Distribute Surplus Lines Premium Taxes

States participating in the Non-admitted Insurance Multi-state Agreement, or NIMA, have adopted a premium allocation method for distributing surplus lines premium taxes on casualty insurance. The adopted method aims to streamlines the allocation and distribution process of surplus lines premium …

Zurich, SWBC to Offer Excess Flood Insurance

Zurich has announced that SWBC, a diversified financial services company, will be a program administer writing excess flood policies for Zurich in all 50 states. The policies will provide coverage above the National Flood Insurance Program (NFIP) and will cover …

CRC, Crump, R-T Specialty Reach Confidential Settlement Agreement

On May 4, 2012, CRC Insurance Services Inc., Crump Insurance Services Inc., and R-T Specialty LLC jointly announced that the three parties resolved all existing disputes between them. All three organizations said the conflicts were resolved in a global, confidential …

U.S. E&S Market Premiums Increase in 2011: SNL Financial

U.S. excess and surplus market is seeing a slight uptick in premiums, a new report reveals. After several years of declines, U.S. E&S insurers saw an increase in the overall amount of direct premiums written in 2011, according to SNL …