All the headlines from our Excess Surplus Topic Page, ordered by recency.
Oct 10 2022 // Core Specialty Insurance Holdings, Inc. and its subsidiaries said Oct. 7 that it has completed the acquisition of Hallmark Financial Services, Inc.’s excess & surplus lines operations for approximately $40...
Oct 6 2022 // Lloyd’s of London is investigating a possible cyber attack and has taken initial precautions in response, the re/insurance market has confirmed. “Lloyd’s has detected unusual activity on its network, and...
Oct 5 2022 // Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has obtained approval to launch a managing agent at Lloyd’s of London.The new managing agency, Ariel Re Managing Agency (ARMA),...
Oct 4 2022 // Mosaic adds excess technology E&O coverage to cyber product offeringMosaic Insurance’s cyber division has launched excess capacity and coverage for a new product aimed at protecting technology sector companies...
Sep 30 2022 // Australia’s AUB Group Ltd. (AUB) announced it has completed its acquisition of leading Lloyd’s wholesale broker Tysers from Odyssey Investment Partners.The acquisition, which was first announced in May 2022,...
Sep 29 2022 // As Louisiana continues to be plagued by a spiraling insurance crisis, with insurers leaving the state and canceling homeowner policies as thousands of claims remain unpaid following a series of hurricanes, Gov. John Bel...
Sep 29 2022 // Optio Group, the London-based specialty managing general agent (MGA), announced it will launch an MGA and reinsurance broker in Dubai, subject to final approvals from the UAE regulatory authorities. Both businesses are...
Sep 27 2022 // This edition of International People Moves details appointments at AXA XL Insurance and Berkshire Hathaway Specialty Insurance (BHSI).A summary of these new hires follows here. AXA XL Taps SCOR’s Croese for Energy...
Sep 26 2022 // This edition of International People Moves details appointments at Gallagher, SiriusPoint and Willis Towers Watson (WTW).A summary of these new hires follows here. Gallagher Promotes Raven as CEO of Energy...
Sep 23 2022 // Marsh announced that U.S. clients now have the option to pay their Marsh service fees in voluntary carbon offset credits and renewable energy certificates (RECs). The move – believed to be a first-of-its-kind in the...
Sep 22 2022 // Dale Partners Ltd. (DPL) announced it has received approval from the UK Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA) and Lloyd’s to launch its managing agency, Dale Managing Agency...
Sep 19 2022 // Total U.S. surplus lines direct premiums written (DPW) reached a record $82.6 billion in 2021, with momentum continuing through mid-year 2022, according to a new AM Best report.In the first six months of 2022, premiums...
Sep 15 2022 // This morning the Lutine Bell in the Lloyd’s Underwriting Room rang once to mark the death of Her Majesty Queen Elizabeth II and twice for the accession of His Majesty King Charles III.The ceremony was open to all...
Sep 14 2022 // Asta, the third-party managing agent at Lloyd’s, announced that Trium Cyber, a new risk carrier backed by Jim Stanard’s Pelican Ventures, has received “in principle” approval from...
Sep 14 2022 // Asta, the third-party managing agent at Lloyd’s, and Acrisure announced that Lloyd’s has granted “in principle” approval for the launch of Flux Syndicate 1985, which will commence underwriting on...
Sep 13 2022 // Asta, the third-party managing agent at Lloyd’s, and Bermuda-based Catalina Group, a global provider of legacy reinsurance and capital solutions, announced that Lloyd’s have granted “in principle”...
Sep 12 2022 // ATLANTA, Georgia, September 12, 2022 — Breckenridge Insurance welcomes Sam Frihart as a commercial property underwriter to its specialty property program team. Frihart has four years of underwriting experience on the...
Sep 9 2022 // While Lloyd’s reported a strong underwriting profit during the first half and its best combined ratio in five years, similar to many insurers, it saw an overall loss as a result of its investments.Underwriting...
Sep 8 2022 // A court order that requires Sherwin-Williams Co. to pay $101 million into a lead paint abatement fund amounts to “damages” that are recoverable through a Lloyd’s of London insurance policy, an Ohio...
Sep 8 2022 // Westfield said it has expanded into the international specialty insurance market by buying Lloyd’s Syndicate 1200 from Argo Group International Holdings for about $125 million.The acquisition is expected to close...