All the headlines from our Excess Surplus Topic Page, ordered by recency.
May 13 2025 // “You can’t cut yourself to greatness.”Simon Wilson, chief executive officer of Markel Insurance, made the simple statement at a Markel Group brunch meeting for investors in Omaha, Nebraska on May 4 to...
May 13 2025 // Everest Promotes Mesagaes as Reinsurance Head of Renewable EnergyEverest Reinsurance, the reinsurance division of Everest Group Ltd., announced that Jonathan Mesagaes has been named head of Renewable Energy. He will report...
May 9 2025 // Lloyd’s of London has been told it must pay an extra $800,000 in prejudgment interest on a $2.5 million building fire loss payment to a community bank that it had wrongly denied coverage.A three-judge panel of the...
May 8 2025 // Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s, succeeding John Neal.Tiernan will begin his tenure as Lloyd’s...
May 8 2025 // The U.S. surplus lines market notched double-digit year-over-year (YoY) premium growth from 2018-2023, as wholesale brokers tapped this market with greater frequency to explore coverage solutions for businesses amid...
May 6 2025 // Starting July 1, Florida insurance agents will no longer need to make a “diligent effort” to find coverage for hard-to-place properties before turning to surplus lines insurance if the governor signs House Bill...
May 2 2025 // At AM Specialty Insurance Co., Nishad Lad, head of data and software development, has been placed at the forefront of transforming the Dallas, Texas-based excess and surplus carrier’s claims processing with new...
May 1 2025 // Independent insurance wholesaler CRC Group said it has acquired specialty wholesale distributor ARC Excess & Surplus.Terms were not disclosed. ARC was founded in 1986 by Chris Cavallaro as a boutique management and...
Apr 30 2025 // Aspen Specialty Insurance Co. has reached a settlement with the owners of a Nashville condominium building that was badly damaged in the Christmas Day bombing in 2020.The terms of the settlement were not disclosed. Both...
Apr 30 2025 // Some property/casualty insurers talk about experimenting with artificial intelligence to automate call center responses and back-office operations. But that’s not the road to turbocharging growth that AIG CEO Peter...
Apr 29 2025 // Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute to growth for nonadmitted insurers.According to a report from AM Best, surplus homeowners direct premiums...
Apr 28 2025 // This post is part of a series sponsored by IAT Insurance Group.In the latest episode of What’s Brewing, Ben McDonald, Vice President of Underwriting for IAT’s Excess & Surplus Contract Binding Division, and...
Apr 24 2025 // Chris Kelleher Ryan Specialty, headquartered in Chicago, Illinois, appointed Chris Kelleher president of SUITELIFE Underwriting Managers effective June 30. The hotel and resort industry-focused managing general underwriter...
Apr 24 2025 // Washington, D.C.-based BreachBits has received an investment of an undisclosed amount from Lloyd’s in what is the London-based global insurance marketplace’s third strategic innovation investment from among...
Apr 24 2025 // Steel prices have been anything but steady in recent years. With renewed discussions around tariffs and trade restrictions, another wave of volatility may be on the horizon.While much attention is paid to how rising...
Apr 23 2025 // Markel Insurance announced that its U.S. and Bermuda operations, previously known as Markel Specialty, are being divided into two business divisions: US Wholesale and Specialty, and Programs and Solutions.The changes...
Apr 21 2025 // Lloyd’s executives said the market has continued to demonstrate its value to stakeholders by delivering 6.5% premium growth while maintaining underwriting discipline.Lloyd’s saw a continuation of positive...
Apr 17 2025 // Specialty MGA Appoints 2 Senior Underwriters for Africa & Middle EastSpecialty MGA Africa & Middle East, part of MNK Group and a sister company of Specialty MGA UK, announced the appointment of two new senior...
Apr 17 2025 // UK fraud cops have charged an insurance broker with bribery, after a four-year probe into alleged corruption involving state-run insurance contracts in Ecuador.The Serious Fraud Office accused United Insurance Brokers Ltd....
Apr 16 2025 // The U.S. excess and surplus (E&S) lines market continues to offer profitable growth opportunities for insurers and reinsurers in the London market – which could help counteract some possible headwinds, according to a...