All the headlines from our Excess Surplus Topic Page, ordered by recency.
Dec 23 2020 // The defense team for Chubb Group’s Ace American Insurance Co. was confident that no jury would award more than $2 million in a wrongful death lawsuit filed by the family of Mark Braswell, who died on May 16, 2014...
Dec 23 2020 // The Surplus Lines Stamping Office of Texas (SLTX) is reminding wholesale agents and brokers that the stamping fee for recording surplus lines insurance policies in Texas will be lower beginning on Jan. 1, 2021. The...
Dec 21 2020 // Texas surplus lines premium recorded by the Surplus Lines Stamping Office of Texas (SLTX) rose to $587.46 million in November. The recorded premium year to date as of November is 12.3% higher than that of the same period...
Dec 21 2020 // Dale Underwriting Partners and DUAL announced a new joint venture, Dale DUAL MGU Ltd. (DDML), in collaboration with Aviva with immediate effect. This partnership has been brought together by Howden Reinsurance Broking led...
Dec 21 2020 // Automobile insurance looks very different today than it did a generation ago. The means by which people (and goods) travel via motor vehicles continue to expand and evolve, as do businesses and their automobile insurance...
Dec 17 2020 // The Lloyd’s market is moving to end its insurance of coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022.As part of its plan to accelerate the...
Dec 16 2020 // Omaha-based insurer Applied Underwriters Inc. announced it has formed Applied Financial Lines Ltd., a new European subsidiary, which will operate from Paris and Cologne.The new company will underwrite several specialty...
Dec 15 2020 // Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions of dollars of insurance coverage, together with risk mitigation services, to help...
Dec 9 2020 // AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Accredited Specialty Insurance Co. in Phoenix, Ariz. The outlook assigned...
Dec 9 2020 // Wholesaler brokers of all ages are facing hard market conditions with rising insurance rates, tighter underwriting and fewer carriers willing to write some tough classes. They, like everyone, are also experiencing fewer...
Dec 9 2020 // Everest Insurance has named Robert Clark as senior vice president and head of Everest Specialty Underwriters (ESU).Clark will continue to be based in the company’s New York City office, reporting to Everest Insurance...
Dec 9 2020 // Sirius International Insurance Group Ltd. announced its new U.S.-based excess & surplus lines (E&S) platform, called Sirius Specialty Insurance Co. (SSIC), will begin underwriting business produced by the...
Dec 8 2020 // Core Specialty Insurance Holdings, Inc. will be the carrier providing insurance coverage for AmWINS Program Underwriters’ (APU) Long-Term Care Facilities program, effective January 1, 2021.The Long-Term Care...
Dec 3 2020 // Inigo Ltd., the new London insurance group that has raised $800m in start-up capital from a group of blue chip global investors, announced that it has received approval in principle from the Corporation of Lloyd’s...
Dec 2 2020 // Specialty insurer Crum & Forster (C&F) has acquired the renewal rights of Aspen’s U.S. food and beverage product recall insurance portfolio written primarily through the excess and surplus lines market.The...
Dec 2 2020 // CHARLOTTE, N.C. (December 2, 2020) – AmWINS Program Underwriters (“APU”) today announced a new carrier partnership to provide insurance solutions for APU’s Long-Term Care Facilities program, effective...
Dec 1 2020 // Houston-based Skyward Specialty Insurance Group Inc. (Skyward Specialty) has added Rick Childs as senior vice president, Construction, to lead its growing construction business.Childs brings 25 years of commercial...
Dec 1 2020 // Cincinnati, Ohio-based Core Specialty Insurance Holdings Inc. has completed its recapitalization of StarStone U.S. Holdings Inc. and named Jeff Consolino as president and CEO.In a media release, the company said the...
Dec 1 2020 // AmWINS Group Inc., a global distributor of specialty insurance products and services, announced it has signed a definitive agreement to acquire International Specialty Brokers Ltd. (ISBL), a Bermuda-based P&C wholesale...
Nov 30 2020 // An application for an order of liquidation has been filed in a Travis County, Texas, district court for a Houston-based nonstandard auto insurer now in receivership.With the agreement of its board of directors, ACCC...