All the headlines from our Excess Surplus Topic Page, ordered by recency.
Feb 18 2019 // Credit Ratings of Oklahoma Farm Bureau Mutual Group UpgradedRatings agency AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Ratings to “bbb” from...
Feb 15 2019 // Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in...
Feb 15 2019 // Property and casualty insurer Lancashire Holdings Ltd will use insurance market Lloyd’s of London’s European Union hub in Brussels after Britain leaves the European Union, its top boss told Reuters.“We...
Feb 14 2019 // Ascinsure Specialty Risk LLC has promoted Steve Keinard as its assistant vice president and underwriting manager.Within this new role, Keinard will provide leadership, support and guidance to Ascinsure’s underwriting...
Feb 13 2019 // Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium, which uses insurtech solutions to help manage risk and claims performance.Led by Ascot and Beazley, the consortium brings together a range...
Feb 13 2019 // Ryan Specialty Group, LLC has reached a definitive agreement to acquire the assets and operations of International Specialty Insurance Services Inc. (ISI), an independently owned managing general underwriter with offices...
Feb 12 2019 // Chicago-based Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Westphalen Insurance Services Inc. (Westphalen), an independently owned wholesale insurance brokerage...
Feb 7 2019 // London’s electronic placing platform exceeded its target of 30 percent of in-scope risks during the fourth quarter of 2018, according to the board of Placing Platform Ltd. (PPL).Lloyd’s syndicates accepted 39...
Feb 6 2019 // AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Ratings to “bbb” from “bbb-” for the members of the Oklahoma Farm Bureau Group:...
Feb 6 2019 // Lloyd’s has appointed David Duclos as non-executive chairman of Lloyd’s Global Network, where he will play a key advisory role in the development of Lloyd’s international network.Duclos will take up the...
Feb 6 2019 // By creating an innovative and nimble operating platform, SSL Endeavour, London-based Lloyd’s broker, aims to attract and retain the best entrepreneurial brokers who are freed up to create innovative client solutions,...
Feb 4 2019 // As more and more consumers click for services and borrow rather than buy, the sharing economy is benefitting.According to Harvard Business Review, the sharing or on-demand economy is attracting more than 22.4 million...
Feb 4 2019 // Burkhard Keese has been confirmed as the chief financial officer (CFO) of Lloyd’s following the unanimous approval of his appointment as successor to John Parry by the Council of Lloyd’s.Keese will take up his...
Feb 4 2019 // The Hartford announced the new operating model and organizational structure that will be effective upon the closing of its pending acquisition of specialty insurer The Navigators Group, which it expects to finalize in late...
Feb 4 2019 // Ryan Specialty Group LLC (RSG) has acquired the assets and operations of Boston Insurance Specialists Inc. (BIS), an independently owned wholesale insurance brokerage with offices in Mansfield and Westfield, Mass. Terms of...
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...