Latest Excess Surplus Headlines

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

Lloyd’s Insurers Preparing to Cover Ukraine Grain

Jul 27 2022 // Lloyd’s of London insurers and brokers are preparing to provide cover for grain shipments from Ukraine and are likely to announce their plans shortly, the commercial insurance market’s chairman said on...

People Moves: Acrisure Re Hires Carpenter’s Furlong; HDI Global Specialty Promotes Button for Distribution & Biz Devel.; Tokio Marine Names Former QBE Exec for Board

Jul 27 2022 // This edition of International People Moves details appointments at broker Acrisure Re and two insurers: HDI Global Specialty and Tokio Marine Europe.A summary of these new hires follows here. Acrisure Re Hires...

Monarch E&S Pays Tribute to Dave Skogstrom

Jul 27 2022 // BURBANK, Calif., July 27, 2022 – Monarch E&S Insurance Services is saddened to announce the passing of Dave Skogstrom, Vice President of Personal Lines.Dave has been an integral part of Monarch for over 2 decades and...

One-Quarter of Firms Operating at Lloyd’s Reach 35% Target for Women Leaders

Jul 26 2022 // A quarter of firms operating at Lloyd’s of London have reached the commercial insurance market’s target for 35% of leaders to be women, though progress on diversity was “incremental,” Lloyd’s...

People Moves: AXA XL Names Ensurance’s Burgess as U/W, Construction, UK & Lloyd’s; Aon strengthens M&A and Transaction Team With 3 Hires

Jul 25 2022 // This edition of International People Moves details appointments at AXA XL and Aon.A summary of these new hires follows here. AXA XL Names Ensurance’s Burgess as Sr. U/W, Construction, UK & Lloyd’sAXA XL...

People Moves: Ryan Specialty Names Bodell as CIO; Core Specialty Adds 3 Underwriters in Cincinnati

Jul 20 2022 // Ryan Specialty Names Bradley Bodell as Chief Information OfficerRyan Specialty Holdings, Inc named Bradley Bodell as chief information officer. In this role, Bodell will lead Ryan Specialty’s technology and security...

People Moves: Former Lexington Exec Heads to FutureProof; Hourly.io Hires From Markel; Leisz Joins Nationwide E&S; New CIO at Ryan Specialty

Jul 19 2022 // San Diego-based FutureProof Technologies has hired Joseph Strickland as head of underwriting. He was previously senior vice president at AIG’s Lexington Specialty Isurance Agency.FutureProof calls itself a...

Professional Services Firm Davies Completes Acquisition of Asta at Lloyd’s

Jul 18 2022 // Davies, the London-based specialist professional services and technology business, announced it has completed the acquisition of Asta Capital, the third-party managing agent at Lloyd’s, following receipt of...

California Surplus Lines Association Lowering Stamping Fee

Jul 18 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...

Insurance Company Surplus — A Tiny Primer

Jul 18 2022 // I find that almost all agents and a high proportion of insurance carrier employees possess inadequate knowledge of insurance carrier surplus. Also, many think the knowledge they possess is accurate, however, in my...

Over 20 New E&S Entrants Reshaping Marketplace: RPS

Jul 18 2022 // Wholesale broker Risk Placement Services (RPS) said more than 20 new insurance companies and managing general agents have entered the excess and surplus marketplace over the last couple of years — and they may be...

Specialty Program Group Acquires Entertainment/Sports Broker ESP in Massachusetts

Jul 13 2022 // New Jersey-headquartered Specialty Program Group (SPG) said it has acquired ESP Insurance Brokerage, a national insurance broker and program administrator for the sports, events and promotion marketing and entertainment...

Specialty Insurer Mosaic Opens for Business in Canada With Fraser at Helm

Jul 13 2022 // Mosaic Insurance is opening an office in Toronto, Ontario and has hired Ian Fraser to spearhead the company’s expansion into the Canadian specialty insurance market.Fraser joins as president of Mosaic Insurance...

Lloyd’s Prefers to Stay in Landmark London Headquarters, With the Right Terms

Jul 11 2022 // Lloyd’s has decided to stay in its landmark headquarters building at One Lime Street in London – as long as it receives acceptable terms for the renewal of its lease.In January, the market reportedly was conducting...

People Moves: Lloyd’s Europe Hires Heugues From Ageas as Chief Underwriter; Parsyl Staffs London Marine Cargo Office

Jul 8 2022 // Lloyd’s Europe reports the appointment of Bertrand Heugues as chief underwriting officer effective 14 July.He will be responsible for overseeing underwriting, delegated authority management, claims and the...

Markets/Coverages: Lloyd’s Insurer Probitas Starts Underwriting Cyber

Jul 7 2022 // Probitas 1492, the Lloyd’s insurer, has started underwriting cyber insurance with Richard Taylor, head of Cyber & Technology, focusing the book of business on complex small-and-medium-sized enterprises (SME), up...

Ryan Specialty Expands European Presence With Launch of Madrid Office

Jul 7 2022 // Ryan Specialty announced it has opened an office in Madrid as a next step in the evolution of the firm’s transactional risk managing general underwriter, Ryan Specialty Transactional Risks International.Madrid is the...

People Moves: Verisk Promotes Rayner to President of Specialty Business Solutions; Munich Re Appoints 2 Senior Leaders for Singapore and SE Asia

Jul 1 2022 // This edition of International People Moves details appointments at Verisk and Munich Re.A summary of these new hires follows here. Verisk Promotes Rayner to President of Specialty Business SolutionsVerisk, the global data...

Over 20 New E&S Entrants Reshaping Marketplace: RPS

Jun 30 2022 // Wholesale broker Risk Placement Services (RPS) said more than 20 new insurance companies and managing general agents have entered the excess & surplus marketplace over the last couple of years – and they may be more...

The Ingredients Needed to Perfect the GSI Recipe in the Lloyd’s Market

Jun 20 2022 // Thirty years ago, when you baked a cake for a kid’s birthday party, it was most likely from a box — just add oil, water, and maybe an egg. No heavy lifting required. But times, and people, have changed.Today,...