All the headlines from our Excess Surplus Topic Page, ordered by recency.
Apr 8 2016 // Allianz Commercial* announced it has increased its capacity for excess of loss cover, which will now allow brokers to purchase excess liability cover up to £50 million ($70.5 million) per individual class of business.The...
Apr 7 2016 // If insurance is the best kept secret in the business world, then the E&S sector is the best kept secret in the insurance industry.That’s according to Hank Watkins, president of Lloyd’s America, who talked...
Apr 7 2016 // Ironshore Inc. announced that Antares Syndicate 1274 at Lloyd’s will join as a subscribing insurer for Bermuda-based Iron-Starr Excess Agency Ltd.Iron-Starr is a managing general agency (MGA), which underwrites...
Apr 7 2016 // Overall pharmacy spending increased 2.2 percent for U.S. workers’ compensation payers in 2015 due to higher drug prices, according to a report by benefit manager Express Scripts. That overall increase was a function...
Apr 6 2016 // The Surplus Lines Stamping Office of Texas (SLSOT) has appointed Kyle Bolls as director of Finance.Bolls previously worked in financial regulation for the Texas Department of Insurance (TDI), recently serving as the...
Apr 6 2016 // Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., has joined forces with specialist insurer Markel International to provide a facility for directors and officers risks in the Middle East and...
Apr 4 2016 // A survey of London market insurers, brokers, and service providers revealed that 70 percent believe a U.K. exit from the European Union would hurt or severely damage Lloyd’s of London, according to Haggie Partners, a...
Apr 4 2016 // Watford Re Ltd. has formed a new excess and surplus lines insurer called Watford Specialty Insurance Co. (WSIC), based in Morristown, N.J.WSIC’s lines of business “will be similar to what we’ve been...
Apr 1 2016 // Lloyd’s announced it intends to file an application to open a reinsurance branch in Mumbai, following the publication of regulations governing the Lloyd’s market earlier this week by the Insurance Regulatory...
Mar 29 2016 // Take1 Insurance announced that it is now a cover holder with Lloyd’s of London to provide excess liability coverage capacity of up to an additional $5 million in limits. Minimum rates start at $750 per each million...
Mar 25 2016 // The majority of Lloyd’s businesses (77 percent) are considering legacy portfolio disposals, with more than half of firms based in western Europe (53 percent) expecting to make at least one sale in the next three...
Mar 24 2016 // R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC in Chicago, announced that it has reached an agreement to acquire substantially all of the assets of Hartan Brokerage, a wholesale insurance...
Mar 24 2016 // Specialist Lloyd’s underwriter Marketform announced it has sold its UK Open Market Medical Malpractice and UK / International Delegated Authority Insurance businesses to Beazley.The team being transferred is led by...
Mar 23 2016 // Brit Ltd., the global specialty insurer, has launched a Lloyd’s consortium for commercial general aviation.Now quoting business, the consortium is being led by Brit with capacity also being provided by Kiln, Hiscox,...
Mar 23 2016 // Lloyd’s of London reported a 30 percent drop of full-year profit as the world’s largest insurance market was hurt by continued pressure on pricing and the lowest investment returns since at least 2001.Earnings...
Mar 21 2016 // The directors and officers (D&O) liability marketplace continues to find softening rates and intense competition especially in excess layers, according to industry executives. The industry is also seeing a continuing...
Mar 21 2016 // Looking for new sales and opportunities in 2016? Here are a few of the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty insurance industry this year.Sky’s...
Mar 18 2016 // Chubb Ltd. has named the leadership team for its insurance operations in Bermuda, effective immediately.On Jan. 14, 2016, ACE completed its acquisition of Chubb. ACE Bermuda is expected to become Chubb Bermuda in the...
Mar 18 2016 // Lloyd’s announced the appointment of Shankar Garigiparthy as country manager for India. In this new role Garigiparthy will be responsible for market development, representing Lloyd’s in discussions with...
Mar 17 2016 // The Hartford has agreed to purchase Northern Homelands Co., the holding company of excess and surplus lines insurer Maxum Specialty Insurance Group, for $170 million in cash.According to the announcement, Maxum will...