Latest Excess Surplus Headlines

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

NFP, Vault Introduce Exclusive Group Excess Liability Program

Jun 14 2021 // NFP and Vault have launched the NFP/Vault Group Excess Program to provide select, qualifying employers and wealth management organizations an opportunity to expand their scope of benefits and offerings and extend to their...

People Moves: Garside Named CUO at Liberty Specialty Markets Bermuda; RSA’s Perry Hired at Hiscox UK’s Art & Private Client Division

Jun 9 2021 // This wrap-up of international People Moves details appointments at Liberty Specialty Markets Bermuda and Hiscox UK.A summary of these new hires follows here. Liberty Specialty Markets Bermuda (LSM Bermuda), part of Liberty...

Texas Records $884.75M in Surplus Lines Premiums in May

Jun 7 2021 // The Surplus Lines Stamping Office of Texas (SLTX) recorded a record-breaking $884.75 million in surplus lines insurance premium for May, with a total of $3.63 billion year-to-date.This results in a 14.5% increase in...

Credit Ratings Assigned to Ohio’s Westfield Specialty Insurance

Jun 3 2021 // AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) to Westfield Specialty Insurance Co. (Westfield Specialty), a...

Berkshire Hathaway Specialty to Offer Social Engineering Prevention Program

Jun 3 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it is providing qualifying private and nonprofit fidelity and crime insurance customers with complimentary access to the BHSI Social Engineering Prevention...

Climate Change Protesters Set Off Stink Bomb at Lloyd’s of London in Ongoing Activism

Jun 2 2021 // Climate change protesters continued their focus on Lloyd’s as a major insurer of the fossil fuel industry by setting off a stink bomb in front of the market’s London headquarters.The activist group, Insurance...

AM Best Withdraws Credit Ratings of First American Property & Casualty and First American Specialty

May 28 2021 // AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb” (Good) of First American Property & Casualty Insurance Co. and First American Specialty...

Lloyd’s, London Insurers Form Joint Venture with DXC to Transform Digital Processing

May 27 2021 // Lloyd’s and insurers in the London company market have formed a joint venture with DXC Technology, aiming to transform digital capabilities and reduce processing costs for the London insurance markets.The joint...

Africa Specialty Risks Launches Parametric Underwriting Division

May 24 2021 // Africa Specialty Risks (ASR), the pan-African focused managing general agent, announced the launch of its parametric division, alongside the appointment of Dr. Raveem Ismail as head of Parametric Underwriting and Ian...

Africa Specialty Risks Launches Mauritius Reinsurer, Backed by PE Firm Helios

May 21 2021 // Africa Specialty Risks (ASR), a reinsurance managing general agent focused on the African corporate and specialty market, announced it has launched a fully capitalized and licensed reinsurer based in Mauritius.Alongside...

Anderson Benson of Tenn. Appointed Lloyd’s Coverholder for Media Liability E&O Program

May 20 2021 // Anderson Benson, a Nashville-based independent insurance and risk management broker, has been appointed as a coverholder by Lloyd’s of London for a worldwide media liability errors and omissions (E&O) program...

People Moves: WTW’s Harvey to Acrisure Re; Fidelis’ Clapham to IGI; AXA XL’s Paeßens to Liberty Specialty Markets; Leggett Is CEO of Sedgwick Ireland

May 20 2021 // This wrap-up of international People Moves details recent appointments at Acrisure Re; International General Insurance; Liberty Specialty Markets and Sedgwick.A summary of these new hires follows here. Acrisure Re, the...

Arrowhead Launches E&S Program, Names Murray as President

May 20 2021 // Arrowhead General Insurance Agency Inc. has launched a new excess and surplus lines program and named Bill Murray as its president.The new E&S program operates as part of the National Programs division of Brown &...

Medical Protection Society Receives Approval to Form Full Lloyd’s Syndicate

May 18 2021 // Asta, the third-party managing agent at Lloyd’s, announced it has received “in principle” approval from the Lloyd’s Council for the transition of the Medical Protection Society’s (MPS) Special...

People Moves: Marsh’s Daudt to Oneglobal; MS Amlin’s Boreham to Africa Specialty Risks; Zurich’s Jadav to AXA XL; RFIB’s Hallett to SiriusPoint

May 14 2021 // This wrap-up of international People Moves details recent appointments at Oneglobal Broking, Africa Specialty Risks, AXA XL and SiriusPoint.A summary of these new hires follows here. Oneglobal Broking, the London based...

NJM Insurance Adds BOP, Commercial Excess, Umbrella Coverage in New Jersey

May 13 2021 // NJM Insurance Group is now writing businessowners policies and corresponding excess and umbrella policies in New Jersey.The ProEdge Businessowners Policy provides protection for property and liability risks associated with...

First Indemnity to Offer Excess Professional Liability Coverage for Law Firms

May 12 2021 // First Indemnity Insurance Group, a specialty insurance agency providing professional liability products for lawyers and law firms, has launched Excess Protect insurance coverage for law firms of one to 750 attorneys.Excess...

Nearly $748M in Texas Surplus Lines Premiums Reported in April

May 11 2021 // The Surplus Lines Stamping Office of Texas (SLTX) says recorded $747.99 million in surplus lines premium in April, an amount representing a 0.8% increase over April 2020.Cumulatively, this represents a total of $2.75...

‘A-‘ Rating Assigned to Texas Insurers, Southlake Specialty and Westlake Specialty

May 5 2021 // AM Best has assigned a financial strength rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Southlake Specialty Insurance Co. (SSIC) and its subsidiary, Westlake Specialty Insurance Co.,...

Beat Capital Launches Tegron Specialty for D&O; Names Navigators’ Shore CEO

May 4 2021 // LONDON – Beat Capital Partners Ltd. and industry veteran Paul Shore have opened a new underwriting vehicle Tegron Specialty that will focus on directors and officers insurance for publicly traded companies, specializing...