All the headlines from our Excess Surplus Topic Page, ordered by recency.
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...
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...