All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jul 8 2020 // Lloyd’s has started work with three insurtech startups to help the market respond to the COVID-19 pandemic.As part of its package of measures to respond to the COVID-19 pandemic, Lloyd’s has expanded the scope,...
Jul 8 2020 // AXA XL announced that Sean McGovern has been appointed as CEO UK & Lloyd’s market, subject to regulatory approval.McGovern had been performing the role on an interim basis for some months and has now been...
Jul 8 2020 // Mike Rice Sr. will retire from Chicago-based Ryan Specialty Group LLC (RSG) at the end of the year, the company said.Rice joined RSG in 2010 as chairman and CEO of RSG Underwriting Managers LLC (RSGUM) and will have...
Jul 6 2020 // American companies are coming under increasing pressure from investors to publicly disclose information about diversity among employees in the wake of nationwide protests against racial discrimination.Many executives have...
Jul 6 2020 // The amount of surplus lines premium reported in Texas continued its upward swing in May, coming in at nearly $100 million higher than reported in the same month last year, according to the Surplus Lines Stamping Office of...
Jul 2 2020 // Lloyd’s of London is proposing solutions that could provide customers with greater protection against a future wave of the COVID-19 virus or future systemic – “black swan” – catastrophes, such as...
Jun 29 2020 // Brit Global Specialty USA will transfer the renewal rights for its cargo business to Falvey Cargo Underwriting, effective July 2.As part of the deal, Will Frohne and Yasu Saegusa will move from Brit to Falvey Cargo as...
Jun 29 2020 // RKH Specialty, the London-headquartered wholesale insurance and reinsurance broker, announced the appointment of 14 new senior Aviation experts in London and Colombia, as part of RKH’s wider plan of building the...
Jun 26 2020 // Orchid Underwriters Agency, LLC, an independent managing general underwriters focused on catastrophe-exposed residential and commercial lines properties, has launched CrossCover Insurance Services, a new MGU that will...
Jun 25 2020 // The Surplus Lines Stamping Office of Texas (SLTX) says some elements of its new online filing system, SMART, were released on June 12.Surplus lines agents and brokers who file policies with SLTX using automated filing now...
Jun 24 2020 // Palomar Holdings Inc. has formed Palomar Excess and Surplus Insurance Co.Palomar Holdings Inc. announced the underwritten public offering of 1 million shares of the company’s common stock PESIC has received all...
Jun 24 2020 // Nephila Capital announced that the Lloyd’s Council has given in-principle approval to Nephila’s plan to form a new syndicate.Bermuda-based Nephila is the largest institutional asset manager dedicated to...
Jun 24 2020 // Two of the largest property/casualty insurance wholesalers are looking to merge.The deal will unite Chicago-based Ryan Specialty Group and its nearly $12 billion in premium, and All Risks, headquartered in Delray Beach,...
Jun 19 2020 // London is facing up to its role in insuring the slave trade as part of a sweeping global reassessment of history and racism.This reappraisal was triggered by the death of George Floyd, a black man who died after a...
Jun 18 2020 // Towerstone, a Dallas-based specialty insurance broker and IMA Financial Group company, has added Thomas Blanquez to its energy practice and expanded its geographic footprint to San Antonio.Blanquez is a 21-year veteran of...
Jun 18 2020 // The Lloyd’s of London insurance market has apologized for its “shameful” role in the 18th and 19th Century Atlantic slave trade and pledged to fund opportunities for black and ethnic minority groups.About...
Jun 18 2020 // Clear screens on underwriting boxes, temperature-check thermal cameras and a click and collect take-away catering service are among changes Lloyd’s of London insurance workers will see when they return to the office...
Jun 16 2020 // Allianz Global Corporate & Specialty (AGCS) announced the launch of a new Allianz Cyber Protect product in the UK.AGCS, Allianz’s entity for large-scale corporate and specialty risks, released its new Allianz...
Jun 15 2020 // Axon Underwriting Services LLC, a specialty lines program administrator, has formed Axon Crisis Management to offer its product recall and foodborne illness and contamination products for U.S. domiciled...
Jun 15 2020 // Do I need an umbrella policy or an excess policy? Is there a difference and does anyone care?There are a few reasons that an insured may need (or want) more liability coverage than certain policies will provide. The limits...