All the headlines from our Excess Surplus Topic Page, ordered by recency.
Apr 24 2019 // San Diego, Calif.-based K2 Insurance Services LLC is in the process of recapitalizing with a new private equity firm, one of the owners has confirmed.Privately-held K2 is a specialty insurance services holding company with...
Apr 23 2019 // Wildfires have evidently been driving more Californians into the surplus lines market, pushing up homeowners surplus premium volume to more than $122 million in 2018, according to the Surplus Line Association of...
Apr 23 2019 // Axon Underwriting Services LLC, the Somerville, N.J.-based specialty lines program administrator, announced the formation of Axon Re to offer its cargo and stock throughput reinsurance program within the Latin American...
Apr 23 2019 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Emmanuel Silvestre to deputy general manager of its French operation.He reports to Richard Deguettes, general manager for France. Based...
Apr 22 2019 // The Surplus Lines Stamping Office of Texas (SLTX) reported that several bills that would affect the surplus lines insurance industry in the state have advanced in the state Legislature.HB 1940, relating to the eligibility...
Apr 18 2019 // Munich Re Syndicate Singapore (MRSS) has formed a partnership with Nectar Specialty Risk Pte Ltd. (Nectar), a Singapore incorporated limited liability company and Lloyd’s coverholder that provides tailor-made...
Apr 18 2019 // Canopius AG announced it has signed a definitive sale and purchase agreement to purchase AmTrust at Lloyd’s, a division of AmTrust Financial, subject to regulatory approval.Upon completion, which is expected in Q3...
Apr 17 2019 // ProAssurance Corporation has revised its management structure for its newly formed Specialty P&C operating division.As previously announced, Michael L. Boguski will assume the presidency of Specialty P&C on May 13,...
Apr 15 2019 // Citizens Property Insurance Corp. plans to purchase approximately $200 million in traditional reinsurance coverage for the 2019 hurricane season to protect its Personal Lines Account (PLA) surplus it says is exposed to...
Apr 11 2019 // Senate Bill 538 passed from the Florida Senate’s Appropriations Subcommittee on Agriculture, Environment, and General Government on Tuesday, April 9.The bill, sponsored by Senator Jeff Brandes, R-St. Petersburg, will...
Apr 11 2019 // Farmers can now for the first time insure their produce against price volatility as easily as insuring their homes, with a global platform based on hundreds of niche commodity indexes, underwritten by a Lloyd’s of...
Apr 10 2019 // Lloyd’s continues to tighten up its workplace rules by restricting people from entering Lloyd’s premises who are drunk or under the influence of drugs.The new rule, which was included in a market bulletin...
Apr 9 2019 // Two bills seeking to change the way Florida surplus lines business is handled are currently working their way through the Florida State Legislature and advocates say the potential laws could bring much needed efficiency to...
Apr 8 2019 // Starr Insurance Companies has named Carmella Capitano, senior vice president, as head of primary general casualty-risk management and excess casualty.In this new role, Capitano will lead a team serving organizations with...
Apr 3 2019 // UK specialty managing general agent (MGA) Nexus Group lived up to its description as an “acquisitive insurance intermediary holding company,” with the purchase this week of an MGA and an insurance broker.On...
Apr 1 2019 // Marsh & McLennan Cos. (MMC) completed its $5.6 billion acquisition of Jardine Lloyd Thompson Group plc (JLT).“Today marks the beginning of a new era with Marsh & McLennan and JLT coming together. This is a...
Apr 1 2019 // Ironshore Specialty Casualty has appointed Casey Hartley as senior vice president and head of programs. She will oversee the development, marketing and distribution of programs lines, working with programs administrators...
Apr 1 2019 // In the era of #MeToo when the ills of sexual harassment are regularly in the news, a recent article published by Bloomberg Businessweek indicates that some men working in the London insurance market still haven’t...
Apr 1 2019 // Telemedicine, Breweries, Intellectual property, Nurseries and Cottage foodsInsurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. Here are five industry sectors and...
Mar 29 2019 // Legislation clarifying that eligible surplus lines insurers can provide windstorm and hail insurance, despite available coverage from the Texas Windstorm Insurance Association (TWIA), has moved forward in the Texas...