All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jun 19 2024 // This edition of International People Moves details appointments at Canopius and Swiss Re.A summary of these new hires follows here. Canopius Taps AXA XL’s Houghton as Product Leader, SpecialtyCanopius, the...
Jun 13 2024 // An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3% recorded in 2021.In 2023, growth remained...
Jun 12 2024 // Allied American USA, a national claims management firm based in Tampa, is now a designated claims administrator for Lloyd’s of London. Allied, in business for more than 20 years, called the designation a...
Jun 10 2024 // This edition of International People details appointments at AXA XL and Lockton Re.A summary of these new hires follows here. AXA XL Promotes Pearman to New Role of Chief Underwriting Officer, BermudaAs part of its...
Jun 7 2024 // A panel of the 5th Circuit Court of Appeals ruled this week that a Louisiana statute voids the formation of an arbitration clause in a surplus lines insurance contract.In its opinion, the appellate court reasoned that the...
Jun 6 2024 // Lloyd’s, the re/insurance marketplace, is opening an office in Miami from Sept. 1, 2024, with an aim to strengthen its Latin America and Caribbean business.The new office will enable Lloyd’s to realign its...
Jun 3 2024 // Apollo Syndicate Management Ltd., the Lloyd’s managing agent, announced the launch of the first captive syndicate to be launched under Lloyd’s revised captive syndicate model.The captive syndicate, which is...
Jun 3 2024 // AIG is “a different company” today than it was when CEO Peter Zaffino joined the company in 2017, but like the old AIG, the new one is poised to grow again, he said.The former executive of Marsh, who recalled...
May 31 2024 // This edition of International People Moves details appointments at Howden Re and climate consultancy South Pole.A summary of these new hires follows here. Howden Re Names Hearn as Chair, Global Clients StrategyHowden Re,...
May 30 2024 // Miller, the London-based specialist re/insurance broker, announced the acquisition of Madrid-based commercial insurance and reinsurance broker Bruzon Correduría de Seguros y Reaseguros S.A. and its subsidiary Bruzon...
May 29 2024 // Ariel Green, a division of Ariel Re, has expanded Lloyd’s first ever Technology Performance Insurance (TPI) Consortium.First launched in 2023, Ariel Green has renewed the consortium and grown the number of markets...
May 28 2024 // Almost two decades after it was established by the Mississippi Legislature, a storm and flood-mitigation grant program now has some funding – $5 million to be transferred from the Mississippi Surplus Lines...
May 22 2024 // NormanMax Insurance Holdings, the Miami, Florida-based parametric re/insurance group, has launched Lloyd’s Syndicate 3939, in partnership with third-party managing agent Apollo.NormanMax Syndicate 3939 is the first...
May 22 2024 // Once perceived as intricate, time-consuming, and on occasion, frustrating, insurance claims processing has undergone a substantial transformation with the integration of new technological solutions. From artificial...
May 16 2024 // New York’s St. John’s University announced the appointment of Henry “Hank” Watkins Jr., regional director and president of the Americas at Lloyd’s, as executive director and associate dean of...
May 15 2024 // Ardonagh Specialty announced it is naming its reinsurance business Price Forbes Re. The renaming of Inver Re in London and Bermuda and Equinox Re in the US follows the simplification of Ardonagh Specialty’s multiple...
May 15 2024 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it entered the excess cyber insurance market in Australia, enabling businesses to add a layer of risk management to their...
May 14 2024 // This edition of International People Moves details appointments at AXA XL Reinsurance and Fusion Specialty.A summary of these new hires follows here. AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London...
May 13 2024 // Insurer Bowhead Specialty is targeting a valuation of about $491 million in its initial public offering in the United States, as it joins a slew of companies preparing to list amid a rebound in the capital markets.The...
May 8 2024 // International General Insurance Holdings Ltd. announced it will begin trading for the first time at Lloyd’s on May 9, 2024, demonstrating the company’s long-term commitment to the London market.Located in the...