All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Feb 13 2023 // Nationwide E&S/Specialty is not entitled to be reimbursed by Mt. Hawley Insurance and Lloyd’s for part of a $2.725 million payment it contributed as the excess/surplus insurer to settle a personal injury suit.A...
Feb 9 2023 // Specialty MGA UK, a recently formed managing general agent focused on providing additional capacity for specialty lines of businesses, has acquired the ForestRe team from Globe Underwriting, the UK-based MGA.Financial...
Feb 9 2023 // Ryan Specialty announced the formation of a global transactional risk practice, Ryan Transactional Risk. This global managing general underwriting practice is being created by combining the operations of Concord Specialty...
Feb 9 2023 // Lloyd’s of London announced that Andrew Brooks has been appointed as deputy chair of the Council of Lloyd’s.Brooks recently stepped down as chief executive officer of Ascot Underwriting Ltd. – a position he...
Feb 6 2023 // Connecticut Insurance Department Names Callanan as General CounselConnecticut Insurance Commissioner Andrew N. Mais has named Jane Callanan, of Wallingford, his department’s new general counsel. Before taking on this...
Feb 3 2023 // Westfield has completed the acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings Ltd. for about $125 million.The deal was first announced in September 2022. Westfield said this...
Feb 2 2023 // This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS); Berkshire Hathaway Specialty Insurance (BHSI), and HDI Global Specialty.A summary of these new hires...
Feb 1 2023 // Danish Insurer Tryg Names Brammer as CEO, Succeeding HübbeThe Supervisory Boards of Tryg A/S and Tryg Forsikring A/S announced that Group Chief Executive Officer (CEO) Morten Hübbe has decided to step down. Hübbe (51)...
Feb 1 2023 // Lloyd’s of London will hand some staff an extra £1,500 ($1,850) to cover rising living costs as inflation persists into 2023.The insurance exchange told staff Tuesday that those earning less than £75,000 would...
Jan 30 2023 // A new excess layer cyber facility, called CyXS, was launched by WTW, providing excess layer cyber capacity for global clients. Key elements of the facility include: Capacity: Access to up to 50 million (USD/ GBP/ EUR) of...
Jan 11 2023 // New Jersey-headquartered Specialty Program Group LLC (SPG) has acquired the assets of Euclid Specialty Managers, LLC, which does business as Euclid Fiduciary, from Euclid Insurance Services, Inc.Euclid Fiduciary, based in...
Jan 10 2023 // Brokerslink has added Ardonagh Specialty to its international network.Three businesses within Ardonagh Specialty – Ed Broking, Ed Bermuda and Piiq Risk Partners – are existing Brokerslink partners, and remain in the...
Jan 9 2023 // This edition of International People Moves details appointments at AXA XL, Liberty Specialty Markets (LSM) and MS Amlin.A summary of these new hires follows here. AXA XL Promotes Coxall to Head of Underwriting Mgmt, UK...