All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jan 8 2025 // Starting this spring, surplus lines brokers in Alabama must file quarterly reports showing all surplus lines transactions, the state Department of Insurance said this week.The rule is in keeping with state law and took...
Jan 8 2025 // Insurance broker Aon plc announced the appointment of John Neal as global CEO of Reinsurance and chairman of Climate Solutions, effective following the conclusion of Neal’s notice period at Lloyd’s of London...
Jan 7 2025 // Core Specialty Insurance Holdings Inc. and its subsidiaries have agreed to purchase London Aviation Underwriters Inc. (LAU), in a stock and cash transaction.Financial details of the deal, which is expected to close early...
Jan 7 2025 // Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year.Velocity Risk, providing...
Jan 6 2025 // This edition of International People Moves details appointments at AXIS Capital Holdings and Agile Insurance Group.A summary of these new hires follows here. AXIS Appoints Chubb’s Farrup as Head of Global Markets,...
Dec 17 2024 // ConnectUW Holdings, the parent company of Connect Underwriting and other specialist reinsurance MGAs, announced it will take ownership of Lloyd’s box number 356 from Dec. 23, 2024.Situated in the company market...
Dec 17 2024 // AXIS Capital Holdings Ltd. and Enstar Group Ltd. announced they have entered into a loss portfolio transfer (LPT) reinsurance agreement, which will retrocede $2.3 billion of AXIS’s reinsurance reserves.Structured as...
Dec 16 2024 // Lloyd’s of London members have set up a working party to examine the commercial insurance market’s plans to overhaul its conduct rules, a trade body said on Friday, following criticism of the strengthened...
Dec 13 2024 // American International Group announced it has led the launch of a new reinsurance syndicate at Lloyd’s. Commencing underwriting from Jan. 1, 2025, Syndicate 2478 will be a multi-year participant on AIG’s...
Dec 13 2024 // Ryan Specialty, Chicago-based specialty insurance services firm, announced that Paradiso Risks is joining Alive Risk, Ryan Specialty’s sports, leisure and entertainment managing general underwriter.London-based...
Dec 12 2024 // Brit Ltd. and Ki announced that Ki will operate as a standalone company within the Fairfax Group, effective Jan. 1, 2025.Ki was incubated and launched by Brit in 2020 and began writing business on Jan. 1, 2021 with its own...
Dec 11 2024 // Envelop Risk, the data-driven cyber reinsurance and analytics specialist, announced it has just completed a capacity agreement with MS Reinsurance for a further three years.Further to that, MS Reinsurance recently became a...
Dec 11 2024 // Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance market Lloyd’s of London predicted.The impact would mainly be from disruption...
Dec 10 2024 // SAN DIEGO, CA., December 10, 2024 – Arrowhead General Insurance Agency, Inc. has announced the launch of a new California E&S Homeowners program. This non-admitted product is a collaboration between Arrowhead’s...
Dec 4 2024 // The owners of Inigo Ltd. are exploring options for the British specialist insurance group including a potential sale, according to people familiar with the matter.The shareholders, which include buyout firm JC Flowers...
Dec 3 2024 // This edition of International People Moves details appointments at Ryan Specialty and Howden Re.A summary of these new hires follows here. Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair,...
Nov 26 2024 // Oak Reinsurance (OAK Re), the London-based reinsurance company, announced that its Lloyd’s Syndicate 2843 has received permission to begin underwriting business incepting from Jan. 1, 2025. This follows the approval...
Nov 20 2024 // Aaron Rieth Columbia Insurance Group (CIG), headquartered in Columbia, Missouri, hired Aaron Rieth as vice president of excess and surplus (E&S). In this newly created position, Rieth leads the development of...
Nov 19 2024 // Todd Gambrell Great American Insurance Group, headquartered in Cincinnati, promoted Todd D. Gambrell to divisional president, excess liability, effective Jan.1, 2025. Gambrell will succeed John V. Bracca, who will retire...
Nov 15 2024 // Houston-baed Skyward Specialty Insurance Group announced the launch of its new life sciences liability coverage. The strategic addition to the Company’s healthcare solutions underwriting unit offers comprehensive and...