All the headlines from our Excess Surplus Topic Page, ordered by recency.
Sep 9 2015 // Amlin Plc’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover.Beazley Plc, Hiscox Ltd., Lancashire...
Sep 8 2015 // ACE Limited today revealed the leadership teams for the company’s North American business units, including national accounts, middle market, small commercial, high net worth personal lines, wholesale/excess and...
Sep 8 2015 // General Star Management Co. has enhanced its automated excess auto quoting capabilities with its new web-based Excess Auto Instant Quote (EAIQ) platform. The new platform is available to all appointed casualty wholesale...
Sep 7 2015 // I recently listened to an insurance company executive give a discombobulated, “woe is me” speech to a room of agents who were largely ignorant of carriers’ financial success.To summarize his presentation:...
Sep 7 2015 // Lloyd’s international casualty reinsurance underwriters are running the risk of repeating the same mistakes that have placed the market in difficulty in the past, according to a new poll of Lloyd’s reinsurance...
Sep 7 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....
Sep 7 2015 // If one word could describe Lloyd’s of London, it would be “change.” There are very few business enterprises that have stayed in business as long as Lloyd’s – 327 years. It has survived wars,...
Sep 7 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...
Sep 7 2015 // Steve DeCarloNow that traditional reinsurers are adjusting to the idea that third-party capital providers have moved into their space, managing general agents (MGA) may be next to feel the negative impact of new capital,...
Sep 4 2015 // A stock-market crash could erase as much as $170.3 billion from major cities’ gross domestic product in the U.S. and Canada and is the biggest threat to their economies, Lloyd’s of London said.The losses, which...
Sep 4 2015 // The surplus lines industry broke records in 2014, growing direct premium written (DPW) in 2014 to $40.2 billion — the highest point in history, reports A.M. Best’s “2014 Special Report U.S. Surplus Lines –...
Sep 3 2015 // XL Catlin’s Excess & Surplus (E&S) Casualty business has unveiled a new geographically-focused structure and named three new regional leaders. Coy Rudd is appointed East regional vice president in New York;...
Sep 3 2015 // The first-ever Lloyd’s City Risk Index, which analyzes the economic output at risk (GDP at risk) in 301 major cities from 18 manmade and natural threats over a 10-year period, concludes that a total of $4.6 trillion...
Sep 2 2015 // R-T Specialty LLC (RT Specialty), the wholesale brokerage unit of Ryan Specialty Group LLC, has acquired A.J. Renner & Associates, an Illinois-based wholesale insurance broker specializing in the life science...
Sep 1 2015 // Lloyd’s international casualty reinsurance underwriters are running the risk of repeating the same mistakes that have placed the market in difficulty in the past, according to a new straw poll of Lloyd’s...
Aug 31 2015 // Hamilton Underwriting Limited, the Lloyd’s managing agency of Bermuda-based holding company Hamilton Insurance Group, has hired Trevor Carvey as head of treaty.Carvey will report to Dermot O’Donohoe, chief...
Aug 28 2015 // Advanced E&S Group, a Florida-based managing general agency, has hired April Moeser, branch manager, and Lisa Sherman, underwriting, to facilitate the opening of the firm’s new branch office operations in Dallas,...
Aug 28 2015 // Concord Specialty Risk, a New York City-based managing general underwriter and underwriting agent for a number of carriers and a series of RSG Underwriting Managers LLC, specializing in providing transactional risk...
Aug 26 2015 // Hudson Insurance Co. has added Total Revenue Coverage (TRC) to Hudson Crop’s suite of private products. TRC is a supplemental insurance policy to multi-peril crop insurance (MPCI) that offers farmers a single, firm,...
Aug 24 2015 // ProSight Specialty Insurance has partnered with Allied Insurance Brokers to offer coverage for the scaffolding industry.According to The Occupational Safety and Health Administration (OSHA) it is estimated that 65 percent...