All the headlines from our Excess Surplus Topic Page, ordered by recency.
Sep 8 2022 // Lloyd’s of London will pay staff earning less than £75,000 ($86,306) an extra £2,500 to help cover rising living costs as UK inflation hits multi-decade highs.John Neal, chief executive officer at the insurance...
Sep 7 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 7 2022 // Major insurance broker NFP has acquired Quantum Risk Solutions, a Somerville, New Jersey-based managing general underwriter and wholesaler.Quantum specializes in insurance and risk management products for auto...
Sep 5 2022 // It’s a great time to work in surplus lines, say specialists working in today’s busier than ever market.The excess and surplus lines (E&S) sector is experiencing record growth — again. In the first six...
Sep 2 2022 // Sompo International, the Bermuda-based provider of commercial and consumer property and casualty re/insurance, announced the sale of its Endurance at Lloyd’s (EAL) run-off business to RiverStone Holdings Ltd., the...
Aug 30 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets, Berkshire Hathaway Specialty Insurance, and CNA Canada.A summary of these new hires follows here. Liberty Specialty Promotes...
Aug 26 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets, Canopius Group, and HDI Global SE – UK & Ireland.A summary of these new hires follows here. Liberty Specialty Markets Taps...
Aug 23 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets and Berkshire Hathaway Specialty Insurance (BHSI).A summary of these new hires follows here. Liberty Specialty Markets Promotes...
Aug 23 2022 // Broker Marsh and Lloyd’s of London insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain and food products from Ukraine’s Black Sea ports under its new marine cargo and war...
Aug 23 2022 // Lloyd’s of London underwriters must pay more than $3 million in pre-judgment interest in addition to the $10 million the syndicate has already paid in damages for the wrongful acts of the former directors of a bank...
Aug 19 2022 // Lloyd’s insurers must exclude state-backed cyber-attacks in standalone (or affirmative) cyber policies if they reach a catastrophic threshold, according to a Lloyd’s market bulletin issued this week.However,...
Aug 17 2022 // This edition of International People Moves details appointments at AXA XL and Chubb Global Markets.A summary of these new hires follows here. AXA XL Promotes Lahrmann as Senior Property Underwriter, UK &...
Aug 17 2022 // Beazley has been granted “in principle” approval from Lloyd’s to transition its Smart Tracker Special Purpose Arrangement (SPA) 5623 to a full syndicate with effect from the Jan. 1, 2023, subject to...
Aug 16 2022 // Ryan Specialty Appoints New Senior Leadership within Underwriting Managers SpecialtyChicago-based Ryan Specialty has made appointments to three new senior leadership roles within the Underwriting Managers specialty. Brian...
Aug 8 2022 // Lloyd’s announced it has received regulatory approval to set up a second protected cell company (PCC), which aims to enhance market accessibility for investors – a key deliverable of the Future at Lloyd’s...
Aug 3 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and AM Best.A summary of these new hires follows here. BHSI Hires Liberty Specialty’s Ferrari as Head of...
Aug 3 2022 // Hiscox is committed to a planned insurance consortium providing cover for ships traveling through a safe passage from Ukraine, its chief executive said on Wednesday, as the Lloyd’s of London insurer shares plunged on...
Aug 1 2022 // The Surplus Line Association of California board voted to drop the association’s stamping fee to 0.18%.Effective Jan. 1, 2023, the stamping fee will adjust downward from its current 0.25% level that took effect on...
Jul 29 2022 // AXA XL promotes Chris Lee to Head of E&S property; Mathew Waters to Lead Middle MarketAXA XL has promoted Christopher Lee to lead its excess & surplus property insurance business. Based in New York, he reports to...
Jul 29 2022 // Lloyd’s of London insurer Ascot and broker Marsh on Friday launched marine cargo and war insurance for grain and food products moving from Ukrainian Black Sea ports, removing a hurdle to getting shipments...