Latest Excess Surplus Headlines

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

U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021

Mar 7 2022 // Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in 2021 thanks to investment income and capital gains improvements despite booking an...

Markets/Coverages: Take1 Features Film Producers Package; Pathpoint Now Serving Restaurants; Nexus Specialty Targets Management Liability

Mar 4 2022 // Take1 Introduces Coverage for Documentary, Industrial, Commercial, and Educational Film ProducersThanks to the growing number of broadcast, cable and streaming platforms, the market demand for recorded filmed content has...

UK to Ban Russian Companies From London Aviation Insurance Market

Mar 3 2022 // LONDON — Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s largest commercial and speciality insurance center, the finance ministry said on...

People Moves: Lloyd’s Names Gomez People Officer; McMillan Joins Brace Specialty From Canopius

Mar 2 2022 // Lloyd’s Names Gomez as Chief People OfficerLloyd’s of London has appointed Sara Gomez as chief people officer (CPO). As CPO, she will focus on developing Lloyd’s talent, leadership and inclusion...

People Moves: Zurich’s Hart Moves to Munich Re Specialty; AXA XL Promotes Design Professional Team’s Kendall

Mar 1 2022 // Munich Re Specialty Insurance (MRSI) has named long-time Zurich North America executive Sabrina Hart as president of its excess and surplus lines business.Hart is charged with expanding E&S’s specialty product...

People Moves: Surplus Line Association of California Names Beaver Board Chair, Gobler Vice Chair, Washington Secretary

Feb 28 2022 // The members of the Surplus Line Association of California elected Janet Beaver as chair of the SLA board. Eligible members of the SLA elected her via an electronic vote taken prior to the SLA’s virtual annual meeting...

U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021

Feb 24 2022 // Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in 2021 thanks to investment income and capital gains improvements despite booking an...

Applied Underwriters to Buy Catlin Specialty From AXA XL

Feb 24 2022 // Applied Underwriters said it will acquire Catlin Specialty Insurance Company from the AXA XL group of companies.Applied said it will consolidate Catlin into the North American Casualty group of companies in a move intended...

People Moves: Beazley’s Eaton to Retire at End of 2022; BHSI Promotes Flesch to Head of Marine in Germany; Oneglobal Latin America Taps Generali’s Silva to Lead Regional Team

Feb 23 2022 // This edition of International People Moves details appointments (and a retirement) at Beazley, Berkshire Hathaway Specialty Insurance (BHSI) and Oneglobal Broking.A summary of these announcements follows here....

Agency’s Specialty Portfolio Often Fragmented by Working With Multiple Carriers

Feb 23 2022 // The Hanover Insurance Group recently released its State of Specialty Insurance Report, which highlights the risks of fragmentation in the marketplace. The report spotlights the advantages agencies realize when they create...

Nexus Underwriting Management Ltd. to Be Renamed Kentro Capital Ltd.

Feb 23 2022 // Nexus Underwriting Management Ltd. (NUML), the London-based specialty managing general agent and intermediary, announced it will be renamed Kentro Capital Ltd. Nexus Underwriting (Nexus), the specialty MGA, and Xenia...

People Moves: Insurtech BOXX Canada Hires Beazley’s Baker as President; Williams Takes Role of M.D., Hiscox Guernsey; AXA XL Names Wells U/W, Marine – UK & Lloyd’s

Feb 22 2022 // This edition of International People Moves details appointments at insurtech BOXX Insurance, Hiscox and AXA XL.A summary of these new hires follows here. Cyber Insurtech BOXX Canada Hires Beazley’s Baker as...

AIG to Move High Net Worth Homeowners to E&S

Feb 17 2022 // Peter Zaffino, CEO of American International Group (AIG), said the company’s ongoing analysis of the increased frequency and severity of natural catastrophes has led to a decision to move the high-net worth...

Asta and JPO Consulting Launch ARTes, an MGA Specializing in U.S. Inland Marine

Feb 17 2022 // Asta, the third-party managing agent at Lloyd’s, and JPO Consulting, announced the launch of ARTes Specialty Ltd., an independent UK-based managing general agent (MGA), wholly owned by its founders and...

People Moves: BHSI Promotes Alder-Smurthwaite, Emson for UK Casualty; Marsh Names Faull Head of Climate & Sustainability Risk; MS Amlin Appoints 4 for Risk Team

Feb 17 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Marsh and MS Amlin Underwriting Ltd.A summary of these new hires follows here. BHSI Promotes...

Six Years After Deadly Police Chase, Georgia High Court Limits Insurer’s Obligation

Feb 17 2022 // The headlines in 2016 provoked an outcry across Georgia: A man stole a car near the Atlanta airport, fled from police in a high-speed chase, then crashed into another vehicle, killing a woman and her two grandchildren.Six...

People Moves: Burns & Wilcox Adds 5 to Private Client and Flood; AmTrust Forms New E&S Leadership Team Led by Bublitz

Feb 14 2022 // Wholesale insurance broker Burns & Wilcox has added five new associates across the country to its private client and flood teams within its Personal Insurance practice group. The professionals joining Burns &...

People Moves: Westfield Specialty Adds Jain; Holmes Murphy Promotes Deibele

Feb 14 2022 // Westfield Specialty Adds Manoj Jain as Chief Information OfficerWestfield Specialty has added Manoj Jain as chief information officer (CIO), reporting to Jack Kuhn, Westfield Specialty’s president. In his new role,...

Hamilton Launches U.S. E&S Insurer, Names Rhoades CEO

Feb 11 2022 // Bermuda-based specialty insurer Hamilton Insurance Group, Ltd. reports it has formed Hamilton Select Insurance Inc., a U.S. excess and surplus (E&S) lines insurer.Hamilton Select Insurance Inc. is domiciled in Delaware...

People Moves: Liberty Specialty Mkts Names Beattie Head of War & Terrorism; New Dawn Risk Hires Aon’s Khan for Professional Risks, Lothbury’s Vernon for Healthcare/Life Sciences

Feb 10 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets and broker New Dawn Risk.A summary of these new hires follows here. Liberty Specialty Markets Names Beattie as Global Head of War...