All the headlines from our Excess Surplus Topic Page, ordered by recency.
Oct 6 2015 // For the first time ever, a former college football star will cash in on an insurance policy that protected him from a free-fall in the NFL draft.CBS Sports’ Dennis Dodd reports that Ifo Ekpre-Olomu will collect a $3...
Oct 5 2015 // Insurance broker Hub International Limited (HUB) said it has established a wholly owned subsidiary – Specialty Program Group – to grow its program underwriting and specialty business.Chris Treanor has joined the...
Oct 1 2015 // Standard & Poor’s sees a number of specialty insurers as potential takeover targets by both rival carriers and investors seeking to expand in the segment, thanks to stellar operating performance versus the P/C...
Oct 1 2015 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 510, which is managed by Tokio Marine Kiln Syndicates Limited...
Sep 30 2015 // Lloyd’s of London Chairman John Nelson criticized the business community, saying companies are too focused on profit and are at risk of eroding the trust of the public and regulators.Nelson, speaking at Lloyd’s...
Sep 24 2015 // Hamilton Underwriting Limited, the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, announced that Simon Barrett has been appointed to the position of chief...
Sep 21 2015 // There are lots of reasons people live in California’s Modjeska Canyon.Nestled against the mountains and abutting the Cleveland National Forest, the area has abundant wildlife and access to nature, yet is just a 20...
Sep 21 2015 // The surplus lines stamping fee rate in Texas will increase next year to 0.15 percent of the gross premium amount of surplus lines insurance policies, the Surplus Lines Stamping Office of Texas (SLSOT) reported.The...
Sep 21 2015 // Beazley has joined forces with Lloyd’s syndicates managed by Aspen and Brit Global Specialty to launch the International Cyber Consortium.The consortium will focus on providing robust data breach cover to businesses...
Sep 21 2015 // Sierra Specialty has launched a new program that provides general liability & professional liability for agri-services, including agricultural crop spraying; advisors & farm managers; pest & weed applicators...
Sep 18 2015 // Torrent Technologies, Inc., a Marsh company, in coordination with Torrent’s Write-Your-Own (WYO) carriers participating in the National Flood Insurance Program (NFIP), has the availability of a new excess flood...
Sep 16 2015 // XL Catlin’s Specialty Insurance division has appointed leaders for its regional insurance products in its newly-created Americas region.The company named product leaders for accident and health, aviation, crisis...
Sep 16 2015 // Berkshire Hathaway Specialty Insurance (BHSI) has launched a full line of inland marine insurance products in the U.S., including builder’s risks, contractor’s equipment, installation floaters, inland transit,...
Sep 15 2015 // Global reinsurance executives who met in Monaco questioned whether a frenzy of mergers in Europe means buyers of Lloyd’s of London insurance companies are paying too much.Deal-making will continue after Tokyo-based...
Sep 14 2015 // Jardine Lloyd Thompson Group plc has announced that as part of a planned succession, John Lloyd will step down as CEO of JLT Specialty Ltd. at the end of the year. Lloyd will remain with the group, continuing to advise key...
Sep 14 2015 // ProSight Specialty Insurance has appointed Michael Furgueson as managing director of ProSight Managing Agency, succeeding Bernard Mageean, who has decided to step down due to personal reasons.Furgueson takes up the post...
Sep 11 2015 // While some are more exposed than others, U.S. property/casualty insurers generally can handle more significant deterioration in global equity market conditions while maintaining capital positions consistent with current...
Sep 10 2015 // “There are no rules. If you can figure out how to quantify a risk and define it, then you can insure it.”Hank Haldeman, president of the board of directors for the National Association of Professional Surplus...
Sep 10 2015 // Lloyd’s of London insurance market posted a 28 percent drop in first-half pretax profit on Thursday and said pricing remained tough in a competitive market.The insurance and reinsurance markets have attracted new...
Sep 10 2015 // Allied Insurance Brokers has partnered with ProSight Specialty Insurance to offer an all-lines insurance program specifically tailored for the crane industry. The program includes risk management tools, loss control...