All the headlines from our Excess Surplus Topic Page, ordered by recency.
Feb 23 2015 // In mid-November 2014, Texas’ largest association of independent retail insurance agents took the unprecedented step of acquiring a managing general agency as a way of providing its members greater access to...
Feb 19 2015 // The Navigators Group, Inc. announced that Navigators Underwriting Agency Ltd., its wholly owned Lloyd’s managing agency subsidiary, has created an International Casualty unit, which will “offer a range of...
Feb 17 2015 // Pacific Specialty Insurance Co. has named David Biewer as chief financial officer and Jim Lee as chief information officer. Biewer spent the past 14 years at Esurance, the last nine years as chief actuary and vice...
Feb 17 2015 // Lloyd’s of London insurers Lancashire Holdings plc and Novae Group plc may be the next in line for takeover offers after Brit plc became the second U.K. firm within weeks to be acquired.Lancashire, which gained...
Feb 13 2015 // Coverys, a Boston-based provider of medical professional liability insurance and related services, announced the creation of Coverys Specialty Insurance Company, a new excess and surplus lines underwriting company.The New...
Feb 13 2015 // Palomar Specialty Insurance Co., based in La Jolla, Calif., has partnered with Fort Worth-based Wellington Risk Insurance Agency Inc. (Wellington), to offer wind-exposed residential property insurance in Tier II counties...
Feb 13 2015 // Specialty Insurance Group (SIG) and Reel Media, LLC have formed a strategic alliance within the entertainment industry to service the specialty entertainment insurance market segments.The agreement combines the...
Feb 13 2015 // Norma Carabajal Essary has been appointed as executive director of the Surplus Lines Stamping Office of Texas (SLSOT), effective March 1, 2015. She succeeds Philip R. Ballinger, who retired Jan. 2, 2015, after 22 years of...
Feb 9 2015 // In mid-November 2014, Texas’ largest association of independent retail insurance agents took the unprecedented step of acquiring a managing general agency as a way of providing its members greater access to...
Feb 9 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
Feb 6 2015 // XL Group and insurance program administrator ProHost USA have added an extra layer of insurance protection to its umbrella excess insurance coverage product offering for fine dining and casual...
Feb 6 2015 // Beazley plc is targeting 5 percent growth for 2015 as the insurer looks to its U.S. unit to help offset falling prices for coverage at its Lloyd’s of London business.Beazley, the first of its peers to report results,...
Feb 4 2015 // Lloyd’s announced that Mark Cloutier, CEO of Brit PLC, will be joining the Lloyd’s Franchise Board, as of April 1, 2015. He has been the CEO of the Brit Group since October 2011, and has more than 35...
Feb 3 2015 // Lloyd’s, the specialist insurance and reinsurance market, has appointed Christopher Mackinnon as its new general representative in Australia.Mackinnon starts in early February and brings with him more than 21...
Feb 2 2015 // Palomar Specialty Insurance Co. has partnered with Civil Service Employees Insurance Co. to offer a comprehensive residential earthquake solution for CSE’s customers. Palomar Specialty’s residential earthquake...
Jan 28 2015 // The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall...
Jan 28 2015 // XL Group has developed a new excess “follow form” insurance policy to provide the option of buying an additional layer of professional liability insurance protection.According to Kelly Lyles, chief executive of...
Jan 27 2015 // A.M. Best has placed under review with negative implications the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of AXIS Specialty Limited and its...
Jan 26 2015 // Phil Ballinger retired at the end of December 2014 as executive director of the Surplus Lines Stamping Office of Texas (SLSOT), a post he’s held for more than two decades.During his tenure at SLSOT, the organization...
Jan 26 2015 // Regardless of whether the market is hard or soft, for agencies to be successful will typically require that they have an active, ongoing relationship with at least a couple of excess and surplus lines (E&S)...