All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jul 6 2023 // Specialty MGA UK, a recently formed MGA that is focused on providing additional capacity for specialty lines of business, has been approved as a Lloyd’s coverholder.Coverholder status will allow Specialty MGA UK to...
Jul 3 2023 // Fusion Specialty Europe announces the launch of its Southern Europe branch in Madrid, and the appointment of Filippo Cibin as partner, effective immediately.Cibin will lead the expansion of Fusion into Southern European,...
Jun 30 2023 // The Regents of the University of California sued Lloyd’s of London, arguing the company refused to reimburse the university system for the costs of data breaches covered in a cyber insurance policy.The dispute is...
Jun 29 2023 // Nationwide E&S will stop writing wholesale-driven contract binding commercial auto new business, including primary brokerage auto effective July 15, according to an announcement released to Nationwide brokers this week...
Jun 21 2023 // Aon, Lloyd’s and Vienna Insurance Group (VIG) announced they are collaborating to provide foreign re/insurance capacity to support Ukraine’s recovery and reconstruction.As part of the UK-Ukraine Private Finance...
Jun 16 2023 // Crispin Odey has stepped back from an investment fund focused on the Lloyd’s of London insurance market in a sign of the fallout from sexual harassment allegations against the hedge fund founder spreading to his...
Jun 14 2023 // XPT Specialty names Williams VP and Broker XPT Specialty has hired Catrina Williams as vice president and broker in the commercial lines division of XPT’s Texas offices. XPT is headquartered in New York, New...
Jun 13 2023 // Lloyd’s, the marketplace for commercial, corporate and speciality risk solutions, has announced a partnership with Dubai’s Department of Economy and Tourism (DET) to facilitate growth opportunities for...
Jun 13 2023 // Core Specialty Insurance Holdings, Inc., and its subsidiaries announced today that it will form a medical stop-loss division through the acquisition of the MGU/Stop-Loss business of American National Group. The acquisition...
Jun 1 2023 // W. R. Berkley Corporation said it has formed Berkley Specialty Excess to offer excess liability coverages in specialized markets, with an initial focus on the environmental and energy industries. John Termini has been...
May 31 2023 // This edition of International People Moves details appointments at FWD Group and Lloyd’s of London.A summary of these new hires follows here. Hong Kong’s FWD Group Names Former SiriusPoint CEO as Group CFOFWD...
May 30 2023 // The list of firms walking out of the Net Zero Insurance Alliance continued to grow this week, adding to an exodus as the industry struggles to navigate anti-ESG attacks led by the Republican Party.The latest round of...
May 26 2023 // Inszone Insurance Services acquired Specialty Contractors Insurance Services. Specialty Contractors Insurance Services has predominantly served business owners and contractors. It is headquartered in Sacramento,...
May 26 2023 // Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime...
May 25 2023 // A global climate alliance for insurers needs to make its membership rules less prescriptive or risk falling apart, the boss of Lloyd’s of London said after political pressure from some U.S. states prompted some...
May 24 2023 // Ryan Specialty said it has signed a definite agreement to buy national wholesale broker Socius Insurance Services from Abry Partners, employees, and other shareholders.Socius will become a part of RT Specialty, Ryan...
May 22 2023 // The rollout of the Lloyd’s Market Association’s (LMA) cyber war exclusions received considerable criticism for the chaos and confusion they caused leading up to their effective date on March 31.But here are...
May 9 2023 // The rollout of the Lloyd’s cyber war exclusions has received considerable criticism for the chaos and confusion caused in the weeks leading up to the March 31st effective date. But there are some certainties to keep...
May 8 2023 // Two excess insurers may be liable for the more than $20 million that ExxonMobil Corp. paid to settle lawsuits filed by a contractor’s employees who were badly burned while working at an Exxon refinery, the Texas...
May 4 2023 // Atkins Joins XPT Specialty as Vice President and Wholesale Casualty Broker Drew Atkins has joined XPT Specialty’s Texas-based operations as vice president and wholesale casualty broker. XPT is headquartered in New...