All the headlines from our Excess Surplus Topic Page, ordered by recency.
Mar 27 2020 // Mediclinic International Plc has appointed former chief executive of Lloyd’s of London, Inga Beale, as an independent non-executive director and its next chairwoman, the company said on Friday.Beale will succeed...
Mar 26 2020 // The release of the Surplus Lines Stamping of Office of Texas’ (SLTX’s) new online filing system, SMART, will be postponed due to the global coronavirus (COVID-19) pandemic.SLTX said the system was originally...
Mar 26 2020 // While announcing a return to profit of £2.5 billion (US$3 billion) for 2019, Lloyd’s also affirmed that the market is in a strong position to respond to the impacts of COVID-19.Lloyd’s return to profit was the...
Mar 24 2020 // A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are covered by insurance.Among...
Mar 24 2020 // Over the last several days the VU has fielded several auto insurance related questions. These questions cannot be classed simply as personal auto or business auto questions because the most common question involves both...
Mar 24 2020 // On March 16, a lawsuit was filed in district court in New Orleans seeking a declaratory judgment about whether the business income coverage in a Lloyd’s property policy would cover a government-mandated shutdown or...
Mar 23 2020 // The Financial Stability Rating (FSR) of A, Exceptional, assigned to Louisiana’s Centauri National Insurance Co. by Demotech Inc. may be subject to change as Centauri National’s parent company, Centauri...
Mar 20 2020 // Kinsale Capital Group Inc. has announced four underwriting promotions. Patrick L. Dalton was named senior vice president of Casualty, John R. Bowen Jr. was named vice president of Construction, Jason E. Hoover was named...
Mar 19 2020 // The original property/casualty insurance industry reaction that business interruption losses may be modest may have been too optimistic, according to a leading insurance analyst.KBW’s Meyer Shields believes that the...
Mar 19 2020 // Its employees are now working remotely but the Surplus Lines Stamping Office of Texas (SLTX) reports that all duties and responsibilities, including policy processing and fee collections, continue to be met.SLTX said it...
Mar 19 2020 // After conducting a successful stress-test last week of its electronic trading system, Lloyd’s has made the decision to close its underwriting room in response to the coronavirus outbreak.As a result, market insurers...
Mar 18 2020 // Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus, a spokesman said on Tuesday, to help the insurance market understand its possible...
Mar 17 2020 // Integrated Specialty Coverages has acquired Sacramento, Calif.-based Access Partners Insurance Services LLC. Terms of the deal were not disclosed. ISC is a technology-enabled General Agency backed by affiliates of Two...
Mar 16 2020 // The Target Market Program Administrators Association has become the latest insurance organization to cancel a meeting. TMPAA Executive Director Ray Scotto announced that the 2020 TMPAA Mid-Year Meeting planned for Tampa on...
Mar 16 2020 // Canopius Group Ltd. has purchased a majority stake in Bermuda-based Multi-Strat Holdings Ltd.Financial details of the transaction were not disclosed. MultiStrat is a specialty reinsurance group that writes both prospective...
Mar 16 2020 // Lighthouse Property Insurance Corp. plans to acquire its sister carrier, Prepared Insurance Company (Prepared), from Prepared Holdings Group.Lighthouse is a Louisiana-domiciled property and casualty insurance carrier...
Mar 14 2020 // For the first time in the Risk and Insurance Management Society’s 70-year history, it is not going to have its annual conference. The RIMS 2020 Annual Conference & Exhibition scheduled for May 6 in Denver has...
Mar 13 2020 // The Lloyd’s Market Association (LMA) is closing its office from Tuesday March 17 until the end of March in response to the COVID-19 outbreak.While its “Work From Home Business Continuity Plan” is...
Mar 13 2020 // Dubai, United Arab Emirates-based International General Insurance Holdings said that its Bermuda subsidiary, International General Insurance Co., has been granted provisional approval to begin writing U.S. excess and...
Mar 13 2020 // Warren Buffett, CEO, said there will be a Berkshire Hathaway annual meeting as usual on May 2 but it will be unusual in that it will not be attended by thousands of shareholders, employees and media representatives as in...