All the headlines from our Excess Surplus Topic Page, ordered by recency.
Feb 4 2019 // AmTrust Financial Services announced leadership changes as it moves forward as a private company. Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals. AmTrust announced...
Feb 3 2019 // Brokers who file Texas surplus lines policies with SLTX will have until Feb. 28, 2019, at 5 p.m. central time to file any necessary adjustment forms or make corrections before the annual late filers report is produced, the...
Feb 1 2019 // Safebuilt Insurance Services, Inc. dba SIS Wholesale Insurance Services, a national commercial lines insurance program administrator, has launched an online Commercial Excess Liability program.This program offers follow...
Feb 1 2019 // Specialty companies specifically operating in the utility sector are likely to face substantial claims and losses stemming from the bankruptcy filing by PG&E Corp., the California utility whose equipment is being...
Jan 31 2019 // Specialty underwriting platform elseco has entered into an agreement with global specialty insurer StarStone to acquire its managing general agent, Malakite Underwriting Partners Ltd., and the renewal rights to...
Jan 30 2019 // Lloyd’s confirmed the appointment of former U.S. Senator John E. Sununu of New Hampshire as a new member of its Council for a three-year term, beginning Feb. 6, 2019. During his tenure in the Senate, Sununu served on...
Jan 28 2019 // Indianapolis-based managing general agent and wholesale insurance broker Arlington/Roe & Co. has completed the acquisition of Robert W. Schmidt & Company LLC, a special risk broker located in the Milwaukee suburb...
Jan 28 2019 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, has launched a new product designed to protect insureds against social engineering losses while also providing education and risk...
Jan 25 2019 // Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Boston Insurance Specialists Inc. (BIS), an independently owned wholesale insurance brokerage with offices in Mansfield...
Jan 24 2019 // The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the flood insurance market...
Jan 22 2019 // Travelers Cos. reported that despite catastrophe losses from the California wildfires and Hurricane Michael, it boosted its profit in the fourth quarter of 2018 thanks to growth in premiums and investment income.Net income...
Jan 21 2019 // John Doyle, president and CEO of global insurance broker Marsh, announced the appointments of key leaders for regional, specialty and placement teams worldwide that will be effective upon closing of the acquisition by...
Jan 21 2019 // The Surplus Lines Stamping Office of Texas (SLTX) reported that the state recorded $6.08 billion in excess and surplus insurance premium for 2018, representing an 11.4 percent growth over 2017. The numbers represent...
Jan 16 2019 // HDI Global SE (HDI) has appointed Claire McDonald as managing director of its UK and Ireland operations. She will assume the role on March 18, 2019.McDonald will join the company from Allianz Global & Corporate...
Jan 14 2019 // Marsh announced it placed more than 10,000 risks in 2018 through Placing Platform Ltd. (PPL), the electronic insurance placement platform used by Lloyd’s, London market insurers, and brokers. Marsh has now bound more...
Jan 11 2019 // A federal class action lawsuit alleges that Lloyd’s of London and its affiliated insurance brokers “steered” Hawaiian homeowners throughout the state away from comprehensive home insurance coverage...
Jan 10 2019 // San Antonio-based Argo Group U.S., member of Argo Group International Holdings Ltd., has tapped Gary Grose, Argo Group head of marketing and producer management, to serve as the interim head of its excess and surplus lines...
Jan 9 2019 // AmTrust Financial Services announced leadership changes as it moves forward now as a private company.Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals, according to the...
Jan 9 2019 // AXA XL has appointed Andrew Dicob to its Excess Casualty Insurance team as leader for the U.S. Northeastern region.Based in New York and reporting to Donnacha Smyth, president of Global Excess Casualty, Dicob will work...
Jan 8 2019 // Brit Ltd., the London-based specialty insurer and reinsurer, announced it has made a significant strategic investment in Sutton Special Risk Inc. Financial details of the deal were not released.Toronto-based Sutton is a...