Latest Excess Surplus Headlines

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

Hub Launches High Net Worth Excess Wildfire Program in California

Feb 19 2024 // HUB International launched a new program to address the need for enhanced wildfire coverage of high value homes that will be offered exclusively by HUB Private Client to address the insurance and risk management needs of...

MCI Syndicate-in-a-Box Gets Lloyd’s Nod to Provide Clinical Trial Funding Insurance

Feb 16 2024 // Asta, through its third-party managing agency at Lloyd’s, announced the “in-principle” approval of a syndicate-in-a-box (SIAB) to deliver a breakthrough insurance product that aims to accelerate the...

People Moves: Ardonagh Specialty Taps Gallagher Re’s Rance as Head of Specialty at Inver Re London; SiriusPoint Bolsters Energy and Marine Offering With 2 Key Hires

Feb 14 2024 // This edition of International People Moves details appointments at Ardonagh Specialty’s Inver Re and Bermuda-based SiriusPoint.A summary of these new hires follows here. Ardonagh Specialty Taps Gallagher Re’s...

Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%

Feb 14 2024 // The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion according to data from 15 state surplus lines office release by the Wholesale & Specialty Insurance Association...

Court Orders Texas Adjuster to Cease Using Lloyd’s Trademarked Names

Feb 9 2024 // A Texas public adjuster committed willful infringement when he formed a corporation and a limited liability company with the names “Certain Underwriters at Lloyds London, Inc.” and “Certain Underwriters...

Florida Specialty Insurer Fortegra Shelves IPO Plans at the Last Hour

Feb 7 2024 // Jacksonville-based specialty insurer Fortegra Group has withdrawn its plans for an initial public offering in the United States, just hours before the IPO and nearly three years after the company scrapped its earlier...

Markets/Coverages: Upland Starts Pro Liability E&O, Excess Cyber

Feb 7 2024 // Upland Capital Group said it has introduced two new liability products to its portfolio: Professional Liability Errors and Omissions as well as Excess Cyber Liability. The professional liability team is led by Kate Walas,...

Hub Launches High Net Worth Excess Wildfire Program in California

Feb 5 2024 // HUB International launched a new program to address the need for enhanced wildfire coverage of high value homes that will be offered exclusively by HUB Private Client to address the insurance and risk management needs of...

Southwest Wins Appeal in Cyber Excess Coverage Dispute With Liberty

Feb 5 2024 // The 5th U.S. Circuit Court of Appeals ruled in mid-January that Southwest Airlines can continue to seek reimbursement under its Liberty Mutual cyber risk policy for costs incurred during a 2016 massive computer failure.The...

Chubb Writing More Personal E&S but CEO Greenberg Doesn’t Like the Trend

Feb 1 2024 // Chubb is writing more North American personal excess and surplus lines business, but the insurer’s chief executive is not exactly celebrating.While he reminded analysts during a fourth-quarter earnings conference...

Florida Bills Would Let Surplus Lines Do Takeouts and Require More Data Reporting

Jan 31 2024 // A key Florida Senate committee this week advanced a bill that would allow surplus lines carriers to take over coverage of second homes from Citizens Property Insurance Corp. Reaction by agents and brokers was mixed.The...

People Moves: Carbon Names Willetts Head of Specialty; Canopius Hires 4 in Credit & Political Risk Team; BHSI Taps Chaucer’s Merton to Lead UK Customer & Broker Engmt

Jan 30 2024 // This edition of International People Moves details appointments at Carbon Underwriting, Canopius Group and Berkshire Hathaway Specialty Insurance (BHSI) .A summary of these new hires follows here. Carbon Underwriting...

Symphony Creates Specialty Businesses with Symphony Energy in California

Jan 29 2024 // Symphony Risk Solutions is launching a new specialty business focused exclusively on the risk management and human capital needs of the energy industry, Symphony Energy.Symphony Risk Solutions is a risk management and...

Specialty Market ‘Particularly Attractive’; Reason to Pause Elsewhere: Berkley CEO

Jan 25 2024 // W.R. Berkley CEO W. Robert Berkley, Jr. said he’s still got eyes on the specialty market, but maintains a cautious, more disciplined outlook on some lines of business, such as professional liability—especially...

Southwest Wins Appeal in Cyber Excess Coverage Dispute With Liberty

Jan 23 2024 // The 5th U.S. Circuit Court of Appeals ruled last week that Southwest Airlines can continue to seek reimbursement under its Liberty Mutual cyber risk policy for costs incurred during a 2016 massive computer failure.An...

Envelop Risk Launches Cyber Reinsurance Lloyd’s Vehicle With Managing Agent Apollo

Jan 22 2024 // Envelop Risk, the data-driven cyber re/insurance and analytics specialist, announced the launch of Envelop SPA 1925, a dedicated cyber reinsurance special purpose arrangement (SPA) at Lloyd’s, in partnership with...

People Moves: Atain Names Dassow VP, Head of Primary Liability; WSIA Names New Secretary and Director Following Maner’s Retirement

Jan 19 2024 // Atain Names Dassow VP, Head of Primary LiabilityAtain Insurance Companies, headquartered in Farmington Hills, Mich., hired Tom Dassow as vice president and head of primary liability, leading Atain’s newly formed...

People Moves: Liberty Specialty Markets Appoints Bolaños as CUO, Moreno as President US, LatAm; HDI Global Names Tarantino MD of Singapore Branch as Silton Retires

Jan 19 2024 // This edition of International People Moves details appointments at Liberty Specialty Markets and HDI Global.A summary of these new hires follows here. Liberty Specialty Markets Names Bolaños as CUO, Moreno as President...

People Moves: Guy Carpenter Names Wolfe Chief Commercial Officer, N. A.; Verisk Forms Claims Advisory Board; Chamberlain to Lead DUAL Specialty Healthcare

Jan 17 2024 // Guy Carpenter appointed Keith Wolfe to the newly created role of chief commercial officer, North America, effective immediately.Wolfe joins Guy Carpenter after 27 years with Swiss Re and its predecessor companies, where he...

Alliant in California Launches Student Health Specialty for Higher Ed

Jan 17 2024 // Alliant Insurance Services launched a student health specialty within Alliant Public Entity, offering student medical insurance for domestic and international students. The firm says its program helps higher educational...