All the headlines from our Excess Surplus Topic Page, ordered by recency.
May 14 2019 // Insurers in the Lloyd’s of London market have switched 45% of their business to an electronic platform, ahead of target, the platform said on Monday.The insurance industry has been slower to move to electronic...
May 13 2019 // Everest Insurance has added Joanne Suarez and Mary Rimbey to its excess and surplus (E&S) casualty group based in the company’s Chicago office.Suarez joined the E&S Excess Casualty group as a director...
May 13 2019 // Guy Carpenter & Co., the reinsurance broking subsidiary of Marsh & McLennan Cos., announced a series of London-based hires designed to further build out the firm’s strategic advisory and analytics...
May 13 2019 // A Florida bill that the insurance industry says will help modernize the state’s surplus lines system, as well as impact property insurer contracts under the Florida Hurricane Catastrophe Fund and reduce “bad...
May 13 2019 // Lloyd’s of London has commissioned an independent culture survey following a Bloomberg Businessweek article that uncovered evidence of sexual misconduct in the world’s oldest insurance market.The survey is...
May 10 2019 // Venture Insurance Programs, a national insurance program administrator, has formed a new carrier partnership with Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS) for the...
May 9 2019 // CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, announced significant enhancements to its cyber proposition with a new pre-breach service and additional...
May 9 2019 // Liberty Mutual Holding Co. Inc. and its subsidiaries reported net income of $671 million for the three months ended March 31, 2019, an increase of $23 million or 3.5% over the same period in 2018.Consolidated net income...
May 9 2019 // Lloyd’s announced it is investing in Layr, a cloud-based commercial insurance platform for small businesses looking to purchase liability insurance.The investment follows Layr’s successful trial in the...
May 9 2019 // Beachwood, Ohio-based insurance program manager, International Excess, has appointed Kathleen Brown-Hurtado vice president of Specialty Programs. She will be spearheading the company’s Cannabis Insurance...
May 8 2019 // Ryan Specialty Group has agreed to acquire the assets and operations of Atlantic Specialty Lines, Inc. (ASL), a privately-owned wholesale insurance brokerage headquartered in Richmond, Virginia, with additional locations...
May 7 2019 // Ryan Specialty Group (RSG) and Nationwide announced they have formed a new Bermuda reinsurance company, Geneva Re Ltd.Columbus, Ohio-headquartered Nationwide will own 50 percent of the venture with RSG and RSG-related...
May 6 2019 // An explosion and fire at an Illinois silicone factory claimed a second victim Saturday when an employee taken to a hospital after the blast died, a local coroner confirmed, and the official death toll is expected to rise...
May 3 2019 // Canopius AG announced it has entered into a strategic partnership with Samsung Fire & Marine Insurance (SFMI). Under the terms of the transaction, SFMI will become a significant minority investor in Canopius.The...
May 3 2019 // Ryan Specialty Group, LLC, has acquired the assets and operations of International Specialty Insurance Services Inc. (ISI), an independently owned managing general underwriter with offices in Winston-Salem, North Carolina....
May 2 2019 // Insurance broking veteran Steve McGill and a team of insurance industry veterans have partnered with Warburg Pincus, a global private equity firm, to launch McGill & Partners, a new specialty risk solutions...
May 1 2019 // Lloyd’s of London plans to halve the cost of buying insurance through the 330-year-old market as part of a strategy to restore the fortunes of the company.Chief Executive Officer John Neal said he planned to cut the...
Apr 30 2019 // Insurance industry veterans Stephen Catlin and Paul Brand announced they have launched an international specialty insurer and reinsurer, Convex Group Ltd.Convex launches with $1.8 billion of initial committed capital and...
Apr 29 2019 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has made two promotions within its specialty binders team in London. Kerry Hall becomes underwriting manager for property while Richard Wheeler...
Apr 26 2019 // Lloyd’s of London, the world’s oldest insurer of seafaring vessels, is facing its own perfect storm.Old-fashioned business practices, exposure to natural disasters, competition from rival centers and Brexit are...