Latest Excess Surplus Headlines

All the headlines from our Excess Surplus Topic Page, ordered by recency.

Lloyd’s Chief Risk Officer Weaver Leaving Market After 16 Years

Mar 29 2019 // Lloyd’s of London announced that Hilary Weaver, the corporation’s chief risk officer, is leaving at the end of March 2019 after 16 years.Weaver joined Lloyd’s in 2004 as head of Internal Audit and became...

HDI Global Specialty to Launch Australia General Aviation Team, Led by QBE’s Bowes

Mar 28 2019 // HDI Global Specialty SE – Australia, the new specialty lines insurer, has recruited Jamie Bowes as head of Aviation as a first step to developing a general aviation footprint in the Asia Pacific markets.Bowes, a...

Neon Leads New London Political Risks Consortium, Offering $100M Limit Per Policy

Mar 28 2019 // Specialist Lloyd’s insurer Neon announced it will lead a newly established London Political Risks Insurance Consortium, with MS Amlin becoming a joint agreement party.Spearheaded by Neon’s recently promoted...

Florida’s Citizens: $200M Reinsurance Buy Needed to Protect Personal Lines Surplus

Mar 28 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...

Natural Disasters Drive £1 Billion (US$1.3 Billion) Loss at Lloyd’s During 2018

Mar 27 2019 // Lloyd’s of London reported a £1 billion (US$ 1.3 billion) loss for 2018, attributed to an above-average number of major natural catastrophes such Hurricanes Florence and Michael, Typhoon Jebi in Japan, as well as...

Lloyd’s Will Name and Shame Sexual Harassers It Bans from Market: CEO

Mar 27 2019 // Lloyd’s of London will publicly name and shame anyone it bans from its insurance market for sexual harassment, according to Chief Executive Officer John Neal.“When we do see instances of bad behavior, and...

Hamilton Hires Barrett, Garber to Fill New Leadership Slots; O’Donohoe to Depart

Mar 27 2019 // Hamilton Insurance Group, moving full-speed ahead with its growth strategy, is hiring two executives in newly-created roles, and a third leader is leaving the company.The Bermuda-based insurance and reinsurance holding...

Lloyd’s Forms Plan for Safe, Inclusive Working Environment After Harassment Reports

Mar 26 2019 // Lloyd’s announced “a robust plan of action to address reports of sexual harassment in the Lloyd’s market and create a safe and inclusive working environment.” The plan includes possible lifetime...

Lloyd’s to Include Women on Governance Committee After Harassment Reports: Times

Mar 25 2019 // Lloyd’s of London plans to appoint women to its all-male nominations and governance committee to improve diversity and will convert the pub beneath its offices into a coffee shop in an attempt to phase out its...

Lloyd’s Comments on Reports of Rampant Sexual Harassment in the Marketplace

Mar 22 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...

AmWINS Announces New Hires, Promotions Across Country

Mar 21 2019 // Wholesale specialty insurance broker AmWINS Group Inc. has announced new hires and promotions to its Specialty Logistics and AmWINS Access Personal Lines and Commercial teams, as well as several new branch leaders.Herman...

SCOR Global P/C Makes Appointments to Reinsurance, Specialty Insurance Teams

Mar 21 2019 // SCOR Global P&C announced the following reinsurance appointments, effective April 1, 2019: Michel Blanc has been promoted to CEO of Reinsurance, following Jean-Paul Conoscente’s appointment as CEO of SCOR Global...

Surplus Line Association of California Formally Elects 2019 Board

Mar 19 2019 // The members of the Surplus Line Association of California have reelected Robert Gilbert of Markel West Insurance Services as chair of the SLA board of directors.Gilbert’s election was finalized after the SLA tallied...

Hamilton to Buy Pembroke Managing Agency, Ironshore Europe DAC from Liberty Mutual

Mar 14 2019 // Hamilton Insurance Group Ltd., the Bermuda-based holding company of re/insurance operations in Bermuda and at Lloyd’s, announced it has signed a definitive agreement with Liberty Mutual Group to acquire the Pembroke...

Insurtech Corvus Launches Smart Cyber Excess Insurance with $10M Limit

Mar 14 2019 // Boston-based insurtech company Corvus Insurance has expanded its underwriting appetite for its Smart Cyber Insurance product lines with the launch of an excess cyber insurance policy designed to give brokers the ability to...

Lloyd’s Appoints Spink as Head of Global Operations

Mar 7 2019 // Lloyd’s has appointed Hayley Spink as head of Global Operations.In her new role Spink will provide operational leadership for Lloyd’s internal and market-wide programs, reporting to chief operating officer,...

Allianz Specialty Moves Ossena to U.S. to Head North American Marine Business

Mar 6 2019 // Allianz Global Corporate & Specialty AGCS) announced that Baptiste Ossena, global product leader of Hull and Marine Liabilities (HML), is assuming additional responsibility as the North American regional head of...

Argo Group Becomes Member of Global Insurance Network, GBN Worldwide

Mar 6 2019 // Argo Group International Holdings Ltd., the Bermuda-based specialty re/insurer, has become a member and network partner of GBN, a global insurance network of insurers, reinsurers, independent brokers and specialty...

Travelers Canada Expands Suite of Services Offered to Specialty Insurance Customers

Mar 6 2019 // Travelers Canada, the Canadian arm of The Travelers Cos. Inc., is offering a new suite of services for specialty insurance customers that come packaged with their insurance policy.Human resources, legal and emotional...

Ryan Specialty Group Closes Acquisition of Oklahoma’s Westphalen Insurance

Mar 5 2019 // Chicago-based Ryan Specialty Group LLC has acquired the assets and operations of Westphalen Insurance Services Inc. (Westphalen), an independently owned wholesale insurance brokerage with offices in Edmond, Oklahoma.The...