All the headlines from our Excess Surplus Topic Page, ordered by recency.
Oct 12 2020 // Munich Re Specialty Insurance has launched a lawyers professional liability (LPL) insurance product, an errors and omissions policy specially designed for mid-size law firms.The LPL policy provides up to $5 million in...
Oct 9 2020 // Independent specialty managing general agent Nexus has added a Brit Syndicate to its US roster of carriers, giving it the ability to now underwrite its miscellaneous professional liability product on an excess &...
Oct 8 2020 // Pathpoint, a new brokerage for excess and surplus lines, is billing itself as an all-digital wholesale brokerage built from the ground up.Pathpoint is licensed across the U.S. and is a coverholder at Lloyd’s of...
Oct 8 2020 // Premium income for the London company market grew by 10% last year with £21.436 billion of large commercial and wholesale risks underwritten by firms in the City.A new report from the International Underwriting...
Oct 8 2020 // Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the space, citing losses and...
Oct 6 2020 // The stamping fee for recording surplus lines insurance policies in Texas will drop from the current rate of 0.15% of gross premium to 0.075% in January. The request by the Surplus Lines Stamping Office of Texas (SLTX) to...
Oct 5 2020 // Wholesale Trading Insurance Services LLC and its parent company, Jencap, LLC, have agreed to acquire privately held Landmark E&S Insurance Brokers LLC, an Anaheim, Calif. based specialty wholesale brokerage firm.Terms...
Oct 1 2020 // CRC Group has acquired Specialty Risk Associates Inc. in Shreveport, La.Terms of the deal were not disclosed. The addition of Specialty Risk expands CRC Group’s binding, transportation binding and personal lines...
Oct 1 2020 // White Mountains Insurance Group, Ltd. announced it has entered into a definitive agreement to invest fresh capital in and to acquire a majority interest in Ark Insurance Holdings Ltd., the parent company of Ark Syndicate...
Sep 30 2020 // Insurance professionals in the surplus lines sector are busy. Busy adapting to a changing business world during COVID-19. Busy adapting to a changing property/casualty market where standard lines insurers are steadfastly...
Sep 30 2020 // Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small-and-medium-sized enterprises (SMEs), specifically designed to protect them against IT disruption or...
Sep 30 2020 // HDI Global Specialty SE has appointed Thomas Barenthein as the managing director of its Scandinavian Branch. Barenthein joins the specialty lines insurer from Inter Hannover where he was managing director, Sweden.The...
Sep 30 2020 // The Surplus Lines Stamping Office of Texas (SLTX) recorded $717.76M in Texas surplus lines premium during the month of August.SLTX said the premium recorded year to date through August represents an 11.1% increase over the...
Sep 29 2020 // Tom Bailey, executive director of Tempo Underwriting, has a theory about what it takes to build a business based on the reinsurance MGA model.“For a reinsurance MGA to be successful and to have a strong offering, you...
Sep 28 2020 // American Financial Group Inc. announced it has reached a definitive agreement to sell GAI Holding Bermuda and its subsidiaries, comprising the legal entities that own its Lloyd’s of London insurer, Neon, to...
Sep 25 2020 // The latest group of reinsurers to emerge in the Bermuda market is starting to look different. Even the name that once described the cohort has changed in the past five years.And at least one member of the group of...
Sep 25 2020 // Lloyd’s of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be...
Sep 23 2020 // Denver, Colo.-based CAC Specialty has named Matt Movafaghi a senior vice president in its tax insurance practice. Movafaghi was most recently a senior tax counsel for Chevron Corp., where he was responsible for...
Sep 23 2020 // Arch Insurance International has formed Arch Managing Agency Limited to mange its Lloyd’s units.Arch Managing Agency Limited, which brings together Arch Underwriting at Lloyd’s and Barbican Managing Agency Ltd....
Sep 22 2020 // CAC Specialty (CAC) has appointed Lisa Harris as executive vice president of Client Service and Gary King as executive chairman of its newly formed Natural Resources Practice, based in Houston.The Natural Resources...