All the headlines from our Excess Surplus Topic Page, ordered by recency.
May 15 2017 // Longtime Ironshore Inc. CEO Kevin Kelley said his company has a genuine shot at becoming a “premier” specialty property/casualty insurance company, both domestically and abroad, now that Liberty Mutual...
May 15 2017 // The National Flood Insurance Program (NFIP) has been the topic of much debate in recent years, especially with the program set to expire on September 30.The NFIP is administered by the Federal Emergency Management Agency...
May 15 2017 // Things are moving forward for a new insurance industry trade association for the wholesale, specialty and surplus lines insurance industry.The new Wholesale and Specialty Insurance Association (WSIA) is being formed by the...
May 11 2017 // Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz SE, is working with Praedicat, the Los Angeles-based insurtech analytics firm, to better predict key catastrophe liability...
May 9 2017 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Max Gibbs as its new chief technology officer.Based in LSM’s London headquarters, Gibbs will report to Nick Metcalf, president...
May 8 2017 // Palomar Specialty Insurance Co. has partnered with AAA Club Alliance to offer residential earthquake insurance, starting in Oklahoma.According to AAA Oklahoma Vice President of Insurance Russ Iden more than half of the...
May 4 2017 // Specialist global insurer Hiscox has announced the appointment of Adam Szakmary as director of underwriting for Hiscox Insurance Company Bermuda, subject to immigration and regulatory approval. Szakmary replaces Damien...
May 3 2017 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Stuart Sutherland as its head of Casualty.Based in LSM’s London headquarters, Sutherland will report to Alan Telford, chief...
May 3 2017 // Canada’s largest property/casualty insurer, Intact Financial Corp., has agreed to acquire U.S. specialty insurer OneBeacon from White Mountains Insurance Group for US$1.7 billion. The merger will create a North...
May 2 2017 // Liberty Mutual Insurance has completed its acquisition of specialty insurer Ironshore Inc., creating a global specialty business with approximately $6.5 billion in net written premium.Liberty Mutual announced last December...
May 2 2017 // 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...
Apr 25 2017 // The Surplus Lines Stamping Office of Texas (SLTX) announced three new members have been appointed to its board of directors.These individuals are part of a nine-member board appointed by the Texas Commissioner of...
Apr 25 2017 // Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets.Insurers say...
Apr 24 2017 // Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced it has agreed to acquire the renewal rights to Canopius Underwriting Bermuda Ltd.’s excess casualty insurance book of business.The...
Apr 20 2017 // The Texas House of Representatives has approved House Bill 1559, which creates an exemption for entities classified as an “industrial insured,” the Surplus Lines Stamping Office of Texas reported.The measure...
Apr 19 2017 // Specialty insurance brokerages AmWINS Group Inc. and Partners Specialty Group LLC have agreed to merge.Partners will become part of the AmWINS Brokerage Division, bringing an expanded geographic presence that complements...
Apr 19 2017 // The Texas legislature has pushed several bills related to the excess and surplus lines industry out of committee, the Surplus Lines Stamping Office announced.The Senate Business and Commerce Committee voted on April 18 to...
Apr 18 2017 // Concord Specialty Risk (Concord) has announced that James A. Grayer, Esq. has joined the firm as executive vice president, Reps & Warranty Insurance, after resigning as a partner at Kramer Levin Naftalis & Frankel...
Apr 13 2017 // The Surplus Lines Stamping Office of Texas (SLTX) has identified the following changes to the Texas surplus lines insurers list: Effective Jan. 30, 2017, Fireman’s Fund Insurance Company of Ohio redomesticated to...
Apr 11 2017 // U.S. Risk, LLC has formed a strategic alliance with Aspen American Insurance Co., a subsidiary of Aspen Insurance Holdings Limited, to offer a specialty insurance product designed for the marine industry which will provide...