All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
Nov 30 2020 // The Surplus Lines Stamping Office of Texas (SLTX) recorded $629.53 million in Texas surplus lines premium during the month of October.The premium recorded year to date through October represents a 13.8% increase over the...
Nov 30 2020 // Lloyd’s, the world’s leading insurance and reinsurance market, has received final approval from the High Court of England and Wales to transfer policies in the European Economic Area to Lloyd’s Insurance...
Nov 30 2020 // HDI Global Specialty SE has announced the renewal of its underwriting agency agreement with German M&A insurance specialist MGA, AMANIKI.The agreement also sees AMANIKI move from a co-insurance panel of capacity...
Nov 30 2020 // Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced it has bound its first risk with THB, the International broking arm of global specialty wholesale broker, AmWINS Group Inc.The risk...
Nov 25 2020 // Private equity investors Pelican Ventures and J.C. Flowers & Co. have completed their acquisition of Ariel Re from Argo Group.Ariel Re underwrites a global portfolio of reinsurance products in Bermuda, London and Hong...
Nov 24 2020 // Berkshire Hathaway Specialty Insurance (BHSI) has named Lauren Finnis vice president, Customer & Broker Engagement, for the Central Region, based in Chicago. She was previously vice president of Customer & Broker...