All the headlines from our Excess Surplus Topic Page, ordered by recency.
Mar 22 2023 // This edition of International People Moves details appointments at media, tech and cyber MGA, Nirvana, and the broker Verlingue.A summary of these new hires follows here. New Specialty MGA Nirvana Taps Sompo’s...
Mar 21 2023 // The Surplus Line Association of California, headquartered in San Ramon, California, promoted Barbara Trumbly to senior vice president and has hired Yusuf Mayet as the organization’s vice president for...
Mar 20 2023 // Pennsylvania-based insurance program specialist NSM Insurance Group has completed its acquisition of three businesses that specialize in the field of medical stop loss insurance and managed care insurance.The firms are...
Mar 16 2023 // QBE North America Promotes Foley to President of Commercial InsuranceQBE North America has promoted Michael Foley to president, commercial insurance. Foley will be responsible for planning, directing, and executing the...
Mar 16 2023 // Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after Venezuelan authorities in 2020 seized almost a million barrels of its oil.US District Judge Gregory...
Mar 14 2023 // This edition of International People Moves details appointments at Lloyd’s and Howden Tiger.A summary of these new hires follows here. Lloyd’s Names James as COO, Taking Over From Keese Who Continues as...
Mar 13 2023 // Mosaic Insurance has opened an office in Singapore and hired two specialty underwriters to build its transactional liability business across the Asia-Pacific region.Benn Wilson will serve as regional CEO, and head of Asia...
Mar 13 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it will enter the excess cyber insurance market in the United Kingdom to help protect businesses with enhanced coverage.By...
Mar 10 2023 // Valley Insurance Agency Alliance Hires Weis as Personal Lines CoachValley Insurance Agency Alliance (VIAA) recently hired Brett Weis as personal lines coach. Weis will work with the VIAA’s development team and coach...
Mar 10 2023 // Asta, the leading third-party managing agent at Lloyd’s, announced it is strengthening its global presence by establishing a service company in Singapore.With the Asian market presenting extensive opportunities, Asta...
Mar 9 2023 // Nirvana, a London-based managing general agent, has launched in London after acquiring leading media, tech and cyber underwriter, Nirvana Risk Partners, from the MGA formation platform Castel Underwriting Agencies in a...
Mar 9 2023 // Lloyd’s reported an interim full-year 2022 loss before tax of £800 million ($947.6 million) as a result of investment losses of approximately £3 billion ($3.6 billion).This compares to a profit of £2.3 billion...
Mar 6 2023 // United Insurance Holdings Corp. Corp. said it will move on to focus on specialty commercial lines business following news last month that its subsidiary United P&C Insurance Company (UPC) being was placed in...
Mar 1 2023 // Canopius Group, the global specialty re/insurer, announced the opening of a new trading office in Melbourne, Australia. The operation will be led by David Mutton, who joins Canopius as casualty underwriter, APAC with...
Feb 24 2023 // Consilium, the global speciality re/insurance broking business of the Aventum Group, announced the launch of a new Specialty Treaty Reinsurance division.The new treaty division will complement Consilium’s existing...
Feb 20 2023 // A generation has passed since the last hard market and a substantial proportion of the people employed in agencies today have never experienced one. This means they have never dealt with surplus lines in such large volumes...
Feb 17 2023 // AmeriTrust subsidiary Star Insurance Co. must pay the $9 million balance of a $10 million settlement in the death of a 12-year old boy who died after a trench he dug on a Long Branch, New Jersey beach collapsed on him.Star...
Feb 17 2023 // RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, announced it has secured an innovative multi-year excess-of-loss corporate member reinsurance cover.The reinsurance has been...
Feb 15 2023 // RiverStone International, a leading acquirer and reinsurer of legacy and discontinued insurance business, has completed an agreement with MS Amlin Underwriting Ltd. to provide MS Amlin Syndicate 2001 with a...
Feb 15 2023 // Caribbean Risk Group LLC. (CRG), the U.S. Virgin Islands-based insurance agency, announced the launch of its London operations, CRG International Ltd. The brokerage in London will act as an appointed representative of...