All the headlines from our Excess Surplus Topic Page, ordered by recency.
Aug 2 2016 // London-based Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Kadidja Sinz to the new role of head of Europe.Sinz will be responsible for leading and directing the specialty and...
Aug 2 2016 // CNA Financial Corp. reported second quarter 2016 net income of $209 million and net operating income of $201 million.“Overall I am pleased with the result this quarter. Although our International segment had a...
Aug 1 2016 // The Hartford Insurance Group (HIG) has completed its acquisition of Maxum Specialty Insurance Group for $168 million in cash. The transaction, announced in March, closed on July 29.Maxum will maintain its brand and limited...
Jul 25 2016 // A review of almost 400 reinsurance contracts underwritten at Lloyd’s of London has revealed potentially significant vulnerabilities and exposures if a catastrophic cyber attack should occur.Analysis of 392 property...
Jul 25 2016 // Insureon, an online agency for small business insurance, has formed a new managing general agency (MGA), Insureon Underwriting Managers, which will operate as a division of Insurance Noodle, the company’s wholesale...
Jul 25 2016 // Surplus lines may not be the most widely understood segment of the property/casualty insurance industry but for risk managers of large organizations it’s often the go-to market for complicated risks for which...
Jul 22 2016 // A former NFL player who suffered what the league deemed a career-ending concussion has sued Lloyd’s of London for denying a $1 million insurance policy for professional athletes.The lawsuit filed this week in North...
Jul 22 2016 // A.M. Best has revised the outlooks to stable from positive of Lloyd’s and Lloyd’s Insurance Co. (China) Ltd., while at the same time affirming their financial strength rating (FSR) of A (Excellent) and issuer...
Jul 22 2016 // Brit Ltd., the global specialty insurer and reinsurer, announced it has made a significant strategic investment in Camargue Underwriting Managers, one of South Africa’s leading providers of specialized insurance...
Jul 22 2016 // Lloyd’s of London’s Beazley Plc is working to get European insurance licenses for its Irish reinsurance business to allow it to operate throughout the European Union, even if Lloyd’s loses access to the...
Jul 21 2016 // Everest Insurance has expanded its umbrella and excess casualty offering with their new Peak Protect policy form. Peak Protect is an enhanced commercial umbrella policy form. Everest has also included Crisis Event...
Jul 20 2016 // Ironshore Private Client Group has expanded its Ironshore Private Insurance Portfolio product to high net worth homeowners in Connecticut. Ironshore Private Insurance Portfolio coverage is available in four states on an...
Jul 19 2016 // Los Angeles, CA, July 19, 2016- Worldwide Facilities was chosen this year as a second-place winner of the 2016 AAMGA Marketing Award for its print marketing campaign.The award singles out exceptional advertising and...
Jul 15 2016 // The impact of catastrophes, large loss activity and foreign exchange movements are expected to bring an underwriting loss for Chaucer in the second quarter, when it will report a combined ratio in the range of 103 to 105...
Jul 14 2016 // Markel International, the London-based specialist insurer, has joined forces with Tokio Marine Kiln, Pembroke and AEGIS London to lead the Markel livestock consortium, offering cover of up to $30 million per location for...
Jul 13 2016 // Ironshore Specialty Casualty has added Third Party Product Recall Cost Endorsement as an enhancement to its primary general liability coverage form for commercial clients. The new endorsement covers specified costs...
Jul 12 2016 // The latest study of medicine prices finds U.S. insurers’ spending on expensive prescription drugs nearly quadrupled from 2003 through 2014, when the number of such prescriptions filled tripled.Spending on expensive...
Jul 12 2016 // The Surplus Lines Stamping Office of Texas (SLSOT) has appointed Denisse Orellana as director of Human Resources.For the past several years, Orellana has worked in the private sector for a promotional and marketing...
Jul 11 2016 // Cycling enthusiasts everywhere are watching what might be the world’s most famous bicycling event – the Tour de France – this month. They are also watching some of the world’s most expensive bicycles, which...
Jul 8 2016 // Marsh has appointed Jeremy Cooke as vice chairman of Global Placement, effective immediately. Based in London, Cooke will report to Dean Klisura, global head of Industry Specialties and Placement.In his new role, Cooke...