All the headlines from our Excess Surplus Topic Page, ordered by recency.
May 14 2020 // Lloyd’s of London revealed it will pay claims in the range of $3 billion to $4.3 billion as a result of the COVID-19 pandemic.This payout is on a par with the Sept. 11 terrorist attacks, which cost the Lloyd’s...
May 13 2020 // Brit Ltd. announced plans to launch Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, in collaboration with Google Cloud.Launching in 2021, Ki will be a “follow-only” syndicate,...
May 13 2020 // Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show.The Trans Mountain pipeline, which ships types of crude oil and refined...
May 12 2020 // DeCotis Specialty Insurance has hired Jessica Bergstrom as a broker based in its Providence, R.I., office. Bergstrom has more than 20 years of experience as an underwriter in both standard and surplus lines markets. In her...
May 12 2020 // EC3 Brokers announced the launch of its specialty division, with the appointment of Jonathon Lane as head of the division. Lane is joined by Dominic Toogood and Gary Moore. All three joined on May 1 and initially will...
May 11 2020 // Axon Underwriting Services, a specialty lines program administrator, has added CyberAdvantage to its suite of specialized insurance products for small to medium size enterprises (SME). The proprietary cyber liability...
May 11 2020 // Western Security Surplus (WSS), part of the XPT Group, has acquired Texas-based Houston Surplus Lines (HSL).HSL is an excess and surplus lines general agency founded in 1994 and is currently managed by Barbara Partlow and...
May 5 2020 // Neptune Flood, an online flood insurance company, has entered into strategic underwriting partnerships that double its capacity at Lloyd’s.Neptune, a Lloyd’s Coverholder since 2017, is now working with three...
May 4 2020 // American International Group has launched Lloyd’s Syndicate 2019 — the largest-ever syndicate to be launched at Lloyd’s.Syndicate 2019 will exclusively reinsure risks from AIG’s Private Client Group...
May 1 2020 // Managing general underwriter Carbon Underwriting has received in-principle approval from Lloyd’s to launch a syndicate-in-a-box, Syndicate 4747.Carbon will start writing business, effective July 1, 2020, with stamp...
Apr 29 2020 // Specialist insurer Beazley has expanded its mergers & acquisitions (M&A) team with new locations and the appointment of five new underwriters.This follows several years of continuous growth in underwriting...
Apr 28 2020 // Ascot has announced the appointment of Jonathan M. Zaffino as group president. He will oversee the organization’s U.S. and Bermuda platforms and will also have executive responsibility for Ethos Specialty, a managing...
Apr 24 2020 // Michael J. Hall, founder of M.J. Hall & Co. and Golden Bear Insurance Co., was a well-respected leader in the admitted and surplus lines industries.Hall, who was 81, died on Tuesday. He established himself early on as...
Apr 24 2020 // XPT Partners LLC has acquired Texas-based LP Risk Inc., a full service managing general agency (MGA) and surplus lines broker with a wide range of commercial property/casualty coverages distributed to retail agents through...
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...