All the headlines from our Excess Surplus Topic Page, ordered by recency.
Apr 22 2020 // COVID-19 has majorly disrupted the global economy, and while many business sectors are subjected to temporary shutdowns or bare minimum operations, the insurance industry is racing forward while confronting unprecedented...
Apr 22 2020 // Insurance and reinsurance broker Aon has received accreditation from Lloyd’s for its reinsurer trading portal, ABConnect Placements.Following the recent deployment of Aon’s binding function, the Lloyd’s...
Apr 21 2020 // The Surplus Lines Stamping Office of Texas (SLTX) reports that a revised complaint notice for surplus lines insurance policies has been adopted by the Texas Department of Insurance (TDI). The revised notice must be...
Apr 21 2020 // AXA XL announced a new leadership team and proposed changes to the operating model of its Insurance business following a strategic review.Key proposed changes to the operating model include the creation of a single global...
Apr 20 2020 // Lloyd’s of London is collating details of insurers’ business interruption coverage for the Prudential Regulation Authority and is in discussions about a government backstop to cover future pandemics, it said in...
Apr 20 2020 // Premium recorded for the first quarter of 2020 for excess and surplus lines of insurance in Texas is up 14.5% compared with the same period last year, according to the Surplus Lines Stamping Office of Texas...
Apr 20 2020 // A decision earlier this month by the California Supreme Court gave policyholders with long-tail environmental claims a potentially big win, finding that polices within each policy period can be vertically stacked.The...
Apr 15 2020 // Louis T. Mastos was stepped in myriad sectors of Nevada’s insurance community, and he was someone who early on recognized the value of surplus lines, those who knew him say.Mastos, who served as Nevada’s second...
Apr 15 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that as part of the ongoing transformation of Sompo International, the insurer will be...
Apr 15 2020 // The Hanover Insurance Group reported that James A. Kelley has been appointed president of Hanover Specialty Industrial Property.Kelley will be responsible for the company’s portfolio of insurance for complex high...
Apr 14 2020 // One80 Intermediaries (One80), a national wholesale insurance broker and program manager headquartered in Boston, has acquired Beachwood, Ohio-based International Excess Program Managers (IEPM), a wholesale insurance...
Apr 13 2020 // Specialty insurance agencies Lawrence E. Smith & Associates (LESA) of greater St. Louis, Mo., and Scholastic Insurance of Florida (SIF) of greater Orlando, Fla., have been acquired by DOXA Insurance Holdings LLC...
Apr 9 2020 // The Surplus Lines Stamping Office of Texas (SLTX) reports that excess and surplus lines insurance premium recorded for the first quarter of 2020 is up 14.5% compare with the same period last year. Additionally, the Q1 2020...
Apr 9 2020 // Lloyd’s has selected 12 insurtech startups to participate in its innovation accelerator, Lloyd’s Lab.The 12 teams were chosen out of more than 190 applications, received from across the world, for the fourth...
Apr 7 2020 // A decision this week by the California Supreme Court gave policyholders with long-tail environmental claims a potentially big win, finding that polices within each policy period can be vertically stacked.The decision was...
Apr 7 2020 // Insurance industry veteran Kevin P. Brooks passed away on April 3, 2020, due to complications of COVID-19.Brooks had a long and successful career in the insurance industry, focusing on wholesale, specialty and surplus...
Apr 6 2020 // While announcing a return to profit of £2.5 billion (US$3 billion) for 2019, Lloyd’s also affirmed that the market is in a strong position to respond to the impacts of COVID-19.Lloyd’s return to profit was the...
Apr 6 2020 // Lloyd’s insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a media call to discuss the market’s 2019 results.Neal said it is too...
Apr 3 2020 // Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well.In his role as a...
Apr 3 2020 // BMS Group, the independent specialist re/insurance broker, announced the conclusion of a preferred partner agreement with the new wholesale and specialty broker Tagus Specialty in Portugal.An ambitious production plan has...