All the headlines from our Excess Surplus Topic Page, ordered by recency.
Oct 29 2015 // The Surplus Lines Stamping Office of Texas (SLSOT) announced it is simplifying communications with new business phone number listings and an upgraded telecommunication system.The new system will be in place Oct. 30, but to...
Oct 29 2015 // Florida property insurers are well-capitalized and able to handle a 1-in-100 year storm event if and when it occurs in the state, according to the Florida Office of Insurance’s 2015 Data Call and subsequent stress...
Oct 28 2015 // Florida-Based Orchid Underwriters Insurance Agency, LLC, a specialty underwriter of property insurance focusing on coastal properties, has named Robert J. Rose senior vice president of Underwriting and Programs and Bryan...
Oct 27 2015 // Distinguished LLC finalized its acquisition of Bellevue, Wash.-based Fulcrum Insurance Programs.Terms of the deal were not disclosed. Fulcrum will combine with Distinguished’s own real-estate and hospitality program...
Oct 26 2015 // Bermuda-based Ironshore International announced the acquisition of the reinsurance renewal rights to Novae Group’s global agriculture reinsurance portfolio.The transfer is conditional on Lloyd’s approval and is...
Oct 23 2015 // Lloyd’s has announced that it has “given in principle approval for Patria Re, the Mexican insurance company, to join the Lloyd’s platform. Patria Re will set up a special purpose syndicate in partnership...
Oct 21 2015 // Private U.S. property/casualty insurers’ net income after taxes grew to $31.0 billion in the first half of 2015 from $26.0 billion in the first half of 2014, according to a report today from Verisk Analytics’...
Oct 21 2015 // Lloyd’s announced that it has signed a Memorandum of Understanding (MoU) with China Taiping Insurance Group, “marking a significant level of co-operation between the world’s only specialist insurance and...
Oct 20 2015 // Inga Beale, CEO of Lloyd’s of London, has been named an outstanding lesbian, gay, bisexual and transgender (LGBT) executive role model by the London-based LGBT business organization OUTstanding and Financial...
Oct 19 2015 // San Diego, CA, October 19 2015 – Arrowhead General Insurance Agency, Inc. (Arrowhead), one of the largest program administrators in the country, announced today the addition of a new Commercial All Risk property...
Oct 16 2015 // Lloyd’s has issued a new report, addressing the “accumulations of liability risk,” which indicates that they “have the potential to send shockwaves through the insurance industry and are one of the...
Oct 15 2015 // XL Catlin’s Professional Lines Insurance Operations in Bermuda announced the launch of a new Directors & Officers lead excess ‘Side A’ Difference In Conditions (DIC) policy, “to address various...
Oct 15 2015 // Ascinsure Specialty Risk LLC is now offering two new, all-lines programs designed specifically for the crane and scaffold industries. Ascinsure has been a program underwriting manager and wholesaler within the crane and...
Oct 14 2015 // Aon Benfield has issued a thorough “latest update” report on Lloyd’s, detailing its syndicates, assets and other pertinent facts.Mike Van Slooten, international head of Market Analysis at Aon Benfield...
Oct 14 2015 // The South Carolina Department of Insurance (SCDOI) has issued a catastrophe claims data call relating to the flood event that hit the state beginning Oct. 1 and its aftermath.In accordance with South Carolina Code of Laws...
Oct 13 2015 // Collectively, the 14 U.S. surplus lines stamping offices have reported moderate growth in surplus line premiums during the first half of 2015.Approximately 60 percent of all surplus lines insurance is processed by stamping...
Oct 13 2015 // Global specialty insurance group ANV Holdings BV announced the appointment of Janet Helson as CEO of the group’s Lloyd’s Managing Agency, ANV Syndicates Limited, subject to regulatory approval.Effective October...
Oct 12 2015 // Nationwide Mutual Insurance Company announced that the New York-based Freedom Specialty Insurance Company is taking on the Nationwide name, effective Oct. 8.Freedom Specialty’s rebranding aims to leverage...
Oct 12 2015 // Times are good for surplus lines professionals.The surplus lines industry reached new heights in 2014, growing direct premium written (DPW) in 2014 to $40.2 billion – the highest point in history, reports A.M....
Oct 8 2015 // The waiting list for an insurer to get a spot on the underwriting floor of Lloyd’s of London is the longest in its 327-year history, indicating record demand for access to the market.Lloyd’s has requests for...