All the headlines from our Excess Surplus Topic Page, ordered by recency.
May 2 2016 // The good news is that for the foreseeable future, with certain exceptions, you will not have to tell your clients their premiums are increasing 10 percent or more. Property/casualty carriers collectively, not necessarily...
Apr 29 2016 // Stephen Manahan Kinsale Insurance Company, a domestic excess and surplus lines insurance company based in Richmond, Virginia, has hired Stephen Manahan as senior vice president of Excess & Surplus Lines Property. In...
Apr 29 2016 // The Hartford reported disappointing personal lines result for the first quarter of the year, which along with decreased investment income contributed to a 31 percent drop in profit for the quarter.First quarter 2016 net...
Apr 28 2016 // Lloyd’s managing agents should take full advantage of Oasis, the open source catastrophe modeling platform, in order to get wider views on catastrophe risks, urged Tom Bolt, Lloyd’s director of performance...
Apr 27 2016 // Global Risk Partners, the acquisitive insurance broking and managing general agency (MGA) investment vehicle, has agreed to back the management buyout of LONMAR Global Risks, the specialist Lloyd’s broker. The...
Apr 25 2016 // Paragon Insurance Holdings LLC in California has named Jill Bay-Weber president of its excess and surplus commercial business division. Bay-Weber has been responsible for the development and underwriting of many specialty...
Apr 25 2016 // Specialty insurance firm Ryan Specialty Group (RSG) has formed a specialty marine underwriting business and tapped two executives who were formerly with American International Group (AIG) to lead it.The newly-formed...
Apr 22 2016 // A.M. Best has assigned a financial strength rating of A+ (Superior) and an issuer credit rating of “aa-” to Safety Specialty Insurance Co., based in St. Louis, Mo. The outlook assigned to each rating is...
Apr 20 2016 // AmTrust Financial Services said it has agreed to buy specialty insurance company ANV Holdings B.V. and its Lloyd’s affiliates for $218.7 million in cash.The seller is the Ontario Teachers’ Pension Plan. As part...
Apr 19 2016 // AXA is targeting the rapidly expanding market for African specialty insurance by partnering with Chaucer, a Lloyd’s specialty insurance group.The new venture, called “AXA Africa Specialty Risks,” will be...
Apr 18 2016 // CGNMB LLP, the London-based Lloyd’s broker, announced that Gordon Newman will retire from his role as CEO on April 20.Subject to regulatory approvals, his role and responsibilities will be assumed by Steve Hearn, CEO...
Apr 18 2016 // Palo Alto, CA, April 18, 2016- Pacific Specialty Insurance Company has been recognized by Celent as a Model Insurer for operational excellence in their work to transform their legacy systems and infrastructure. Celent is a...
Apr 18 2016 // Oregon is considering another year of insurance coverage to help pay for catastrophic wildfire seasons.British insurance giant Lloyd’s is offering the state another year of coverage despite three consecutive years of...
Apr 15 2016 // The Florida Surplus Lines Office (FLSLO) has announced that Florida has made the decision to withdraw from the Nonadmitted Insurance Multi-State Agreement (NIMA), effective June 1, 2016. The decision marks the second state...
Apr 15 2016 // Spending on medicines increased by double digits for a second year in 2015 and reached $425 billion based on invoice prices. After adjusting for rebates and other price concessions by manufacturers, net spending was $310...
Apr 13 2016 // Hamilton Underwriting Ltd., the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Bermuda-based Hamilton Insurance Group, announced that Daniel Prince has been hired as head of...
Apr 12 2016 // A group of investors led by Matthew Sackett, former senior vice president of national sales for K&K Insurance and former president and CEO of Leisure Sports Specialists, has announced the formation of DOXA Insurance...
Apr 12 2016 // Skuld, the Oslo, Norway-based marine insurance provider, announced the recruitment of Paul Fry and Sarah Wilson to Skuld’s Lloyd’s Syndicate 1897, the specialist marine and energy syndicate.Fry joins as deputy...
Apr 12 2016 // Insurance Commissioner David Mattax has appointed three members to serve on the board of directors of the Surplus Lines Stamping Office of Texas for terms to expire Dec. 31, 2018. The board reviews and evaluates the...
Apr 8 2016 // Oregon is considering another year of insurance coverage to help pay for catastrophic wildfire seasons.British insurance giant Lloyd’s is offering the state another year of coverage despite three consecutive years of...