Latest Excess Surplus Headlines

All the headlines from our Excess Surplus Topic Page, ordered by recency.

By Modeling Players’ Insurable Values, Lloyd’s Predicts England Will Win World Cup

Nov 10 2022 // Lloyd’s of London predicts that England will beat Brazil and emerge victorious at the 2022 FIFA World Cup – with France, Argentina and Spain falling just behind.Lloyd’s is going for a hat-trick of...

People Moves: Former W.R. Berkley CUO Hired by ZestyAI; WTW Hires in Corporate Risk, Aerospace; New EVP at Ryan Specialty NSP

Nov 9 2022 // Link Nabbed by ZestyAI as Head of Customer SuccessCathy Link has joined ZestyAI as vice president of customer success. Link, a seasoned insurance industry leader, and former chief underwriting officer of the W. R. Berkley...

Lloyd’s Broker Servca Acquires MedMal Specialist Medicas

Nov 8 2022 // Independent Lloyd’s retail broker Servca Group announced the acquisition of Medicas, an independent insurance specialist that offers a wide range of medical indemnity, medical malpractice and healthcare liability...

Specialty Program Group Acquires Texas’ Catapult

Nov 3 2022 // Specialty Program Group, an operator of specialty insurance brokerages and underwriting facilities, announced the acquisition of the assets of Catapult Insurance Solutions. Based in Carrollton, Texas, Catapult is a...

Lloyd’s Insurer Ascot Resumes Quoting Cargo Insurance for Black Sea Grain Shipments

Nov 2 2022 // Lloyd’s of London insurer Ascot is once again quoting on its cargo insurance facility for the Black Sea grain corridor, the facility’s lead underwriter said on Wednesday after Russia announced it would resume...

Update: Lloyd’s Insurer Ascot Pauses Writing New Cover for Ukrainian Grain Shipments

Oct 31 2022 // Lloyd’s of London insurer Ascot is suspending writing cover for new shipments using the Ukrainian grains corridor in the Black Sea until it has more clarity about the situation there, a senior official said on...

W.R. Berkley Forms E&S Solutions Unit

Oct 28 2022 // W. R. Berkley Corporation has formed Berkley E&S Solutions, a new business unit that will provide surplus lines casualty coverages to middle-market and large accounts through individual wholesale broker...

Dubai Aerospace Sues 11 Insurers, Including Lloyd’s, AIG, Chubb, for Jets Stuck in Russia

Oct 28 2022 // Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd’s of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19...

People Moves: HDI Global Specialty UK Promotes Wilcox in DA; Howden RE Hires 3 From Aon for New Disability, L&H Reins. Unit; IQUW Taps Volante’s Waltier for Prof. Lines

Oct 25 2022 // This edition of International People Moves details appointments at HDI Global Specialty, Howden RE and HDI Global Specialty.A summary of these new hires follows here. HDI Global Specialty UK Promotes Wilcox as Director of...

Louisiana’s Donelon Traveling to London to Meet With Lloyd’s

Oct 24 2022 // The Louisiana Department of Insurance (LDI) announced Commissioner Jim Donelon is traveling to London this week to meet with leaders from Lloyd’s of London (Lloyd’s) and the International Underwriting...

Broker UIB Forms Corporate & Capital Risks Practice After Restructuring Specialty Lines

Oct 24 2022 // United Insurance Brokers (UIB), the London-based re/insurance broker, announced the formation of its Corporate & Capital Risks practice. This announcement comes after UIB restructured its Specialty Lines Division this...

People Moves: Munich Re’s Blunck to Succeed Jeworrek Who Is Stepping Down; Lloyd’s Market Association Appoints 3 New Board Members

Oct 20 2022 // The Supervisory Board of Munich Re has appointed Dr. Thomas Blunck (age 57) as the chair of the Reinsurance Committee of the group’s Board of Management with effect from Jan. 1, 2023.He will succeed Dr. Torsten...

Update: Specialty MGA UK Launches to Boost Insurance Capacity Across All Territories

Oct 20 2022 // A new managing general agent has launched in London called “Specialty MGA UK,” which is focusing on providing additional capacity for specialty lines of businesses and hard-to-place risks.Specialty MGA UK...

Markets/Coverages: Liberty Specialty Markets Launches Project Cargo Consortium at Lloyd’s

Oct 13 2022 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance’s Global Risk Solutions division, announced the launch of a new Lloyd’s facility for the London market.The Liberty Project Cargo Consortium...

People Moves: Ryan Specialty Appoints Senior Distribution Roles; VIAA Promotes Morris to Commercial Lines Coach

Oct 12 2022 // Ryan Specialty appoints new senior distribution leadership roles within Ryan Specialty Underwriting ManagersRyan Specialty, headquartered in Chicago, Illinois, has announced promotions to key new roles within the...

Lloyd’s Re/Insurer MS Amlin Underwriting Ltd. Promotes Carrier to CEO

Oct 11 2022 // MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced the appointment of Andrew Carrier as chief executive officer.Carrier, currently MS AUL’s chief underwriting officer (CUO), will take up the...

Lloyd’s Finds No Evidence of Data Compromise From Cyber Attack

Oct 11 2022 // Lloyd’s of London said on Monday that its investigation into a possible cyberattack had found no evidence of data compromise.“The investigation has concluded that no evidence of any compromise was found and as...

Core Specialty Completes Buy of Hallmark’s E&S Operations for $40M

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...

Lloyd’s Probes Possible Cyber Attack

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...

Ariel Re Obtains Approval to Launch Managing Agent at Lloyd’s

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),...