All the headlines from our Excess Surplus Topic Page, ordered by recency.
Nov 2 2020 // Pelican Ventures and J.C. Flowers & Co., both private equity investors with significant insurance expertise, announced they have agreed to acquire reinsurance franchise Ariel Re from Argo Group for an undisclosed...
Nov 2 2020 // The reform of Michigan’s auto insurance market, which went into effect on July 1, 2020, brought the promise of much-needed premium relief for Michigan drivers.An April 2019 study by the Insurance Research Council...
Nov 2 2020 // The agency errors and omissions liability market has enjoyed stable market conditions for years. But that could be changing as agents and their insureds attempt to balance emerging risks in a changing insurance market.The...
Oct 30 2020 // Integrated Specialty Coverages (ISC), a program administrator developing insurance products utilizing artificial intelligence (AI) technology and analytics, has launched its Investor Property Program designed to address...
Oct 30 2020 // Lloyd’s of London lost its initial bid to squelch a coronavirus business interruption lawsuit brought by a Philadelphia bar and restaurant.Judge Gary S. Glazer of the Court of Common Pleas in Philadelphia turned...
Oct 29 2020 // ReAlign Insurance Holdings LLC (ReAlign) has formed Summit Specialty Insurance Co. (Summit Specialty), a new surplus lines insurance carrier based in Nebraska.A wholly owned subsidiary of ReAlign Insurance Holdings Inc....
Oct 29 2020 // Boston Insurance Brokerage (BIB) has announced an expansion of its specialty offerings to include Programs & Compliance. The new division at BIB will be led by Senior Vice President Christopher Fell.BIB has a history...
Oct 28 2020 // Berkshire Hathaway Specialty Insurance (BHSI) has hired Renee Yozzi to lead Customer & Broker Engagement for the Eastern U.S. Region.Yozzi brings nearly 20 years of experience to BHSI. She most recently held the title...
Oct 22 2020 // Asta, the third-party managing agent at Lloyd’s, announced the Council of Lloyd’s granted in-principle approval for the launch of Picnic Syndicate PIC 2460, a syndicate-in-a-box (SIAB).Picnic will commence...
Oct 22 2020 // Bitstamp, a cryptocurrency exchange, has expanded the insurance offered to its customers with an additional crime insurance policy.The crime insurance policy is offered by specialist insurance brokers, Paragon...
Oct 21 2020 // Ryan Specialty Group (RSG) announced the appointment of Miles Wuller as executive vice president of RSG Underwriting Managers, the managing underwriting division of Ryan Specialty Group that provides centralized...
Oct 20 2020 // HDI Global Specialty SE is entering the German Fine Art and high net worth insurance market with the appointment of Dr. Alexander Wiebe from AXA. He joins the specialty lines insurer as head of Fine Art & Lifestyle...
Oct 19 2020 // Newport Beach, Calif.-based NARDAC Insurance Services was recently launched by Jatin Sharma and co-founding partners Bill Kost and Brandon Statton. The new brokerage offers general products and services with highly...
Oct 19 2020 // After years of losses in the multifamily habitational market, insurers have become far more cautious for both property and casualty coverages, cutting back capacity or even leaving the market altogether. Rates and...
Oct 16 2020 // Insurance Commissioner Ricardo Lara will convene a “virtual investigatory hearing” on Monday to initiate a series of regulatory actions that will protect residents from the increasing risk of wildfires.Several...
Oct 15 2020 // Commercial property insurer FM Global is creating a new division within the company to further strengthen its focus on serving the property risk management needs of the forest products and chemical industries.James P....
Oct 14 2020 // Intact Financial Corp. is bringing together its Canadian and U.S. specialty insurance operations under a single brand: Intact Insurance Specialty Solutions.The U.S. businesses had previously operated under the OneBeacon...
Oct 13 2020 // Wholesaler insurance brokers AmWINS and CRC, along with independent agency Heffernan Insurance Brokers, are the charter members of a new alliance to accelerate technology improvements in the brokerage, wholesale and...
Oct 13 2020 // Specialty Program Group LLC (SPG), a Summit, N.J.-headquartered operator of specialty insurance brokerages and underwriting facilities, has hired Christopher Lamitola chief sales officer.In this capacity, Lamitola will...
Oct 12 2020 // Lloyd’s of London is reviewing the way insurance products are designed and sold as it calls for simpler products in response to the coronavirus pandemic, the commercial insurance market said on Monday.Insurers have...