All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jun 12 2020 // The amount of surplus lines premium reported in Texas in May 2020 was nearly $100 million higher than reported in the same month last year, according to the Surplus Lines Stamping Office of Texas (SLTX).In May 2020,...
Jun 11 2020 // AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” from “a-” of Kinsale Insurance Co. (Kinsale), in...
Jun 11 2020 // Enstar Group Ltd. announced it has increased the capitalization of its specialty property/casualty insurance subsidiary StarStone U.S. Holdings Inc., by $630 million.Three private equity investors have committed $610...
Jun 10 2020 // Lancashire Holdings Ltd. has completed an equity capital raise of approximately £277 million (US$352 million) through the placement of new common shares.The Lloyd’s insurer said it intends to use the proceeds of the...
Jun 9 2020 // Lloyd’s announced the launch of an application program interface (API), which is designed to help London market brokers and underwriters place business electronically.The new API is part of the market’s...
Jun 9 2020 // HDI Global Specialty SE, the specialty lines insurer, has launched a Political and Credit Risk team in London with the hires of Nick Robinson and Anthony Vaughan.Both have joined HDI Global Specialty SE’s London...
Jun 5 2020 // Lloyd’s announced it has merged the Council of Lloyd’s with the Franchise Board, creating one body to govern the marketplace.The decision to merge the two entities was first announced in November 2019....
Jun 5 2020 // While reinsurers are “open for business” and insurers and reinsurers are reporting the impacts of COVID-19 as a one-off catastrophe impacting earnings rather than capital, equity markets are viewing the...
Jun 2 2020 // Donald W. Grant served as the chair of the board of directors for the Surplus Line Association of California, was involved in the wholesale brokerage community and founded a managing general agency.Grant died on May 24....
Jun 2 2020 // Defense attorney Ellen Greiper reported receiving more than the usual number of phone calls from plaintiffs attorneys earlier this month, suggesting that the call dynamics could be signaling a COVID-driven change in social...
Jun 2 2020 // Lloyd’s announced the appointment of Marc Lipman as president, Lloyd’s Canada, and attorney-in-fact (AIF) for Lloyd’s Underwriters.Lipman assumes the role of AIF from Lisa Duval, who took the position...
Jun 2 2020 // Skuld, the marine insurance provider, announced it has reached an agreement with legacy specialist The RiverStone Group for the sale of its Lloyd’s Syndicate 1897, which was placed into run-off in July 2019.Financial...
May 28 2020 // DUAL Specialty Underwriting (DSU), the Management Liability division of DUAL North America, has added Heather Black as a senior underwriter. Black will be located in Nashville, Tenn. Black brings nearly 18 years of...
May 27 2020 // PartnerRe announced that the company will change responsibilities in its executive leadership for Specialty Lines and will create the new role of CEO Global Cat.Effective June 1, Philippe Meyenhofer will be appointed CEO...
May 27 2020 // Swiss Re Corporate Solutions has appointed Robert Hunziker as Asia Pacific Head Property & Specialty, effective Sept. 1, 2020.In this role, Hunziker will be responsible for providing underwriting leadership, portfolio...
May 26 2020 // Andrew Robinson has been named chief executive officer at Houston International Insurance Group Ltd. (HIIG).Robinson takes over from HIIG’s founder and outgoing CEO, Stephen L. Way, who has resigned as chairman of...
May 20 2020 // Third Point Re reported a net loss of $183.6 million for the first quarter of 2020 due to COVID-19-related investment volatility – but the company still had big reasons to celebrate. For the first time since its...
May 19 2020 // Beazley, the Lloyd’s specialist insurer, announced it raised £247 million (approximately $300 million) in capital via an equity placement designed to strengthen its balance sheet as a result of the continuing...
May 14 2020 // Texas surplus lines premium during the month of April 2020 reached $741.68 million, according to the Surplus Lines Stamping Office of Texas (SLTX). This is a 14.8% increase over the same period in 2019, SLTX...
May 14 2020 // Antares, the Lloyd’s managing agent and subsidiary of QIC Global, announced the appointment of Martin Campbell as head of Specialty at Antares Syndicate 1274, effective May 12, 2020.Reporting to Alexander Craggs,...