AM Best has assigned the recently-formed excess and surplus (E&S) lines insurer, Obsidian Specialty Insurance Company, a financial strength rating of A- (Excellent). Obsidian Specialty is a program fronting carrier serving managing general agents, managing general underwriters and program managers. …
The Hanover Insurance Group has expanded its specialty leadership team to enhance as part of a series of personnel changes the company has made to its specialty business over the last year. The Hanover announced it has appointed Steven M. …
Don Penniall beat “dilly-dilly” to the punch a long time ago. Penniall was a creative, well-liked insurance professional who had the fortitude to launch his own firm later in life, those who remember him say. Penniall died on Sept. 23, …
Specialist insurer Beazley has appointed Lorena Segovia to the newly created role of financial lines regional manager for continental Europe. Based in the company’s new Barcelona office, Segovia will be responsible for the development of Beazley’s specialty lines business across …
Fidelis Insurance announced that it is further developing its niche specialty offerings by sponsoring a new managing general agent that focuses on specialty reinsurance. Fidelis said it will be providing investment and cornerstone capacity for the MGA, which is expected …
Hamilton Re, the Bermuda platform of Hamilton Insurance Group, announced the following appointment and senior role changes in its management team: Minesh Shah has joined Hamilton Re in the newly created role of senior vice president, Actuary. Shah reports to …
The phrase “new normal” might be a cliché, but it was too hard for Ben McKay, executive director of the Surplus Lines Association of California, to avoid using when describing the state’s excess and surplus market in 2016 and going …
If insurance is the best kept secret in the business world, then the E&S sector is the best kept secret in the insurance industry. That’s according to Hank Watkins, president of Lloyd’s America, who talked fondly on Thursday about excess …
Ironshore International has acquired the Savannah Insurance Agency of Sydney, Australia, effective immediately. The Savannah Agency team of underwriters will join Ironshore Australia offices, broadening its regional presence by offering select specialty business lines. Katherine Simmonds, managing director of Ironshore …
Specialist insurer Hiscox has established a new product recall team within its London Market business with four new hires. Heading up the team is David Burke, who comes to Hiscox from Catlin after almost 30 years in the insurance industry …
