All the headlines from our Excess Surplus Topic Page, ordered by recency.
Sep 22 2016 // The Lloyd’s of London insurance market is already working on plans to move some business to the European Union, aiming to be ready for the shift as soon as Britain starts divorce proceedings from the bloc, its...
Sep 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....
Sep 19 2016 // The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll.In separate reports on the...
Sep 19 2016 // New York has increasingly asserted that unauthorized insurance companies — including surplus lines insurance companies — are subject to New York insurance franchise tax. However, there are several arguments...
Sep 19 2016 // The surplus lines industry continues to outperform the overall property/casualty market, but that doesn’t mean it’s not without its own challenges.The annual U.S. Surplus Lines – Segment Review, produced...
Sep 19 2016 // Emerging risks or traditional lines, innovation makes the differenceThe surplus lines market is eyeing another year of solid results for 2015. At press time, the final figures for 2015 surplus lines had yet to be released...
Sep 19 2016 // Data from the 14 U.S. surplus lines service/stamping offices show they have processed almost $13.1 billion in insurance premium filings in the first half of 2016, according to the Surplus Lines Stamping Office of Texas...
Sep 16 2016 // American International Group Inc. has agreed to sell its interest in Ascot Underwriting Holdings Ltd. (AUHL) and related syndicate-funding subsidiary Ascot Corporate Name Ltd. to Canada Pension Plan Investment Board...
Sep 15 2016 // The Lloyd’s of London insurance market has a queue of companies wanting to join, Chairman John Nelson said on Monday, even as Britain’s vote to leave the European Union casts doubt over its European...
Sep 15 2016 // Reinsurers, forced to cut prices for four years in a row, should target brokers’ fees as the industry seeks to reduce costs, according to Lloyd’s of London Chairman John Nelson.The brokers need to cut profit...
Sep 13 2016 // La Jolla, Calif.-based program administrator Prospect General Insurance Agency announced its tribunalization by Lloyd’s of London. Being named a coverholder allows Prospect General access to the Lloyd’s...
Sep 12 2016 // General insurer RSA said that Jon Hancock, managing director of UK commercial lines and global broker relationship director, is leaving RSA to take up the role of director of Performance Management at Lloyd’s of...
Sep 8 2016 // Lloyd’s of London has kept its lawsuit against New Dominion LLC over fracking out of the state where the ground is shaking.A federal judge in New York agreed Wednesday to decide the lawsuit by Lloyd’s seeking...
Sep 6 2016 // Hudson Insurance Group has launched its new commercial excess and umbrella business unit that will provide coverage on a non-admitted basis in all 50 states. Led by Thomas Farrell, the unit will operate on a limited...
Sep 6 2016 // Lloyd’s of London and other insurers will be forced to move part of their businesses to the European Union if they fail to access the single market following Britain’s decision in June to leave the bloc,...
Sep 6 2016 // Missouri insurance regulators have once again refused to renew the non-resident producer license of the owner of an Illinois managing general agency that has been able to continue operations despite having his license...
Sep 1 2016 // The UK’s exit from the European Union, or “Brexit,” could lead to a loss of business for Lloyd’s of London unless the UK government is able to negotiate passporting arrangements to maintain access...
Sep 1 2016 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property/casualty insurance and reinsurance, said Christopher Sparro is joining the company as executive vice president and chief executive officer...
Aug 25 2016 // Wholesale broker and managing general agent, M. J. Kelly Company-Texas, has added Vicky Fonseca as marketing representative in Fort Worth. The company also announced the retirement of Robert Grace.Fonseca is an insurance...
Aug 24 2016 // The Missouri Department of Insurance has once again refused to renew the non-resident producer license of the owner of an Illinois managing general agency that has been able to continue operations despite having his...