All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jul 6 2016 // Kinsale Capital Group Inc., the Richmond, Virginia-based insurer backed by Moelis & Co., filed for an initial public offering of stock.The company, founded in 2009, said it plans to list shares on the Nasdaq under the...
Jul 5 2016 // A.M. Besthas affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings of “a+” of UK-based Markel International Insurance Co. Ltd.(MIICL) and Lloyd’s Syndicate 3000. The...
Jul 5 2016 // In a report that concludes that the federal terrorism risk insurance program “remains an important mechanism” for ensuring that terrorism risk insurance is available and generally affordable, the U.S. Treasury...
Jun 29 2016 // Municipal airports, as well as the authorities and fix-base operators that manage many of their activities, must navigate a wide range of potential liability exposures related to the safety and security of passengers,...
Jun 24 2016 // The UK joined the European Union in January 1973, and yesterday, the UK public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin.No one knows how long it will take for the UK to untangle...
Jun 22 2016 // The Foo Fighters are suing insurers for failing to reimburse them for European shows they cancelled following the Paris terrorist attacks in November.The suit, filed Monday in federal court in Los Angeles against...
Jun 21 2016 // The specialist Lloyd’s insurer Neon, formerly known as Marketform, announced it has opened an office in Bermuda as it grows its international footprint with greater access to both the Bermudian and U.S....
Jun 20 2016 // There is no “standard” umbrella. — Christopher J. Boggs, vice president of education, Insurance Journal Academy of Insurance Agents should visit the topic of excess casualty coverage with every new client and...
Jun 16 2016 // Ironshore’s Pembroke Managing Agency Ltd. has entered into a management agreement with Old Mutual Group to underwrite select specialty lines for African risks.Pembroke’s Lloyd’s Syndicate 4000 partners...
Jun 16 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) in coordination with its affiliate Berkshire Hathaway International Insurance Limited (BHIIL), announced it has opened an office in Düsseldorf, Germany, and filled key...
Jun 13 2016 // XL Catlin has appointed Stephen S. Oh to lead its Excess & Surplus (E&S) business. As president of XL Catlin’s multi-line E&S operation in the U.S., he will direct regional underwriting operations,...
Jun 10 2016 // Benign catastrophe losses, combined with lower and less frequent casualty lines claims, helped Lloyd’s syndicates deliver another strong set of results in 2015, reporting an average combined ratio of 90 percent,...
Jun 10 2016 // Ironshore Inc. has added Oil Casualty Insurance, Ltd. (OCIL) as a subscribing insurer to Iron-Starr Excess Agency Ltd. for Financial Lines business. Iron-Starr currently underwrites on behalf of Ironshore Insurance Ltd....
Jun 7 2016 // Allianz Global Corporate & Specialty (AGCS) has expanded its North American cyber insurance team with three industry professionals: Laura Burke, Daniel J. DeLoof and Lester Shearn.Emy R. Donavan was also promoted to...
May 27 2016 // Two insurers, Travelers and Novae, have joined the Construction Consortium at Lloyd’s to offer greatly increased underwriting capacity for the largest construction risks in the world across all major onshore...
May 27 2016 // Towergate Underwriting has formed a Specialty London Markets underwriting division, by hiring two market leading talents in this important and undeveloped specialist opportunity for the group.John Murphy and Glenn Marshall...
May 26 2016 // The South Dakota Division of Insurance has issued a bulletin to surplus lines insurance brokers of changes in store for the filing of surplus lines policies.The changes are due to the wind down of the Nonadmitted Insurance...
May 25 2016 // Ironshore Inc. has added David Harrell in its Specialty Casualty unit as vice president, casualty manager in the Chicago office.He will be responsible for building upon Ironshore’s retail distribution platform of...
May 24 2016 // Three senior executives of specialty transportation insurer Baldwin & Lyons have abruptly retired and the insurer said it has retained independent legal counsel to review issues raised by their departures.For now, the...
May 24 2016 // Safebuilt Insurance Services, Inc., dba SIS Wholesale Insurance Services, a national commercial lines program administrator, has been appointed as a Lloyd’s coverholder. The coverholder undertaking allows SIS to...