All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jul 15 2021 // Coalition, the San Francisco-based cyber insurance and security company, announced it will enter the excess cyber insurance market in Canada to help protect businesses with enhanced coverage.With the coverage, Coalition...
Jul 14 2021 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Vantage Risk Specialty Insurance Co. (Vantage Risk) in Chicago. Vantage Risk is a...
Jul 12 2021 // Chicago-based insurance broker Ryan Specialty Group Holdings has filed for its planned initial public offering.Ryan Specialty is offering 56,918,278 shares of its Class A common stock pursuant to a registration statement...
Jul 12 2021 // Applied Underwriters has acquired the U.S. Specialty Lines division of Generali Group including Generali Warranty Services, which offers extended warranty programs and contractual liability insurance services.Applied...
Jul 9 2021 // AM Best has assigned a financial strength rating of A- (excellent) and a long-term issuer credit rating of “a-” (excellent) to Spinnaker Specialty Insurance Company headquartered in Bedminster, New Jersey. The...
Jul 8 2021 // Texas recorded $947.48 million in surplus lines premium, representing a 24.5% increase in premiums over June 2020, the Surplus Lines Stamping Office of Texas (SLTX) reported.SLTX has recorded $4.58 billion in premiums...
Jul 8 2021 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the launch of Banyan Risk Ltd., a managing general agent that underwrites directors and officers (D&O) insurance.The company has been...
Jul 6 2021 // London-based broker Aston Lark continues with its buying spree with the purchase of ES Risks Ltd.Financial details of the acquisition were not disclosed. Established in 2007 and based in London, ES Risks is a 45-strong...
Jul 6 2021 // Rokstone, the London-based speciality re/insurance managing general agent (MGA), has launched a US$18 million global facultative general marine cargo facility.Backed by A-rated global carriers, the facility includes US$5...
Jul 5 2021 // Over the last decade, industry experts have touted the benefits of independent agencies building industry- and product-focused specialization amid an increasingly competitive specialty distribution landscape and complex...
Jul 1 2021 // Palomar Holdings Inc. announced a new partnership with PURE Programs to offer owners of high value homes undergoing complex construction projects a new specialized excess and surplus (E&S) lines insurance and risk...
Jun 29 2021 // Pathpoint, a digital excess and surplus lines insurance brokerage, reported that it has raised $30 million in funding.Investors include Caffeinated Capital, which led the round, and repeat investors including SciFi VC,...
Jun 24 2021 // Chaucer, the London-based specialty re/insurance group, announced the launch of a new Belt and Road Consortium at Lloyd’s, which initially will underwrite political violence risks, with future solutions in...
Jun 22 2021 // These international People Moves include recent appointments at Howden Australia, which hired three people from Marsh; a new hire at Strategic Risk Solutions in Luxembourg and a promotion at Liberty Specialty Markets in...
Jun 21 2021 // CFC, the London-based managing general agent, announced that CFC Syndicate 1988 is open for business.In addition to risk capital provided by CFC, the syndicate worked with Aon Capital Advisory to attract third-party...
Jun 21 2021 // Lloyd’s announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund—a move that aims to protect against adverse tail risk, while supporting growth and...
Jun 21 2021 // The Surplus Lines Stamping Office of Texas (SLTX) recorded $884.75 million in surplus lines insurance premium for May, with a total of $3.63 billion year-to-date.This represents a 14.5% increase in premiums over May 2020,...
Jun 18 2021 // Chicago-based Hub International Limited has introduced a transportation excess liability/umbrella proprietary product helps clients reduce risks and protect them from potentially large losses.The Hub Drive Excess Liability...
Jun 16 2021 // This post is part of a series sponsored by The Hanover Insurance Group.The excess and surplus market is growing rapidly. Business is being driven from the admitted market due to actions taken in response to significant...
Jun 16 2021 // Global insurance broker Arthur J. Gallagher & Co. has acquired Markham, Ontario-based Excess Underwriting Co., a property/casualty managing general agency (MGA) and Lloyd’s broker serving insurance brokers and...