All the headlines from our Excess Surplus Topic Page, ordered by recency.
Sep 17 2018 // Earlier this year, this reporter was walking on Lime Street, the home of Lloyd’s of London, dodging raindrops. She observed a broker, carrying a large blue binder containing documents for an underwriting risk, had...
Sep 17 2018 // While it is common for retail agents to turn to E&S wholesalers for help, there are several reasons they should carefully consider which wholesalerto call upon and how they submit business, according to Bobbie Duke,...
Sep 17 2018 // An influx of new business is presenting surplus lines wholesalers and their retail partners with new opportunities to work together even as other forces are changing how they work together.The surplus lines insurance...
Sep 17 2018 // Historically, the surplus lines market has served as a supplement to the National Flood Insurance Program (NFIP) and standard market, but the passage of the Biggert-Waters Flood Insurance Reform Act of 2012 caused some...
Sep 17 2018 // During PartnerRe’s first 25 years as a reinsurer, everything has changed and nothing has changed. From its roots as a pure catastrophe player, PartnerRe has dramatically evolved–or diversified–over the...
Sep 17 2018 // There will soon be a new specialty insurance site that promises to quicken and simplify transactions for U.S. insurance brokers who are serving small and medium sized businesses.Vindati, a New York-based managing general...
Sep 17 2018 // Sam Siddons and Craig Morelos have joined the property/casualty practice at EPIC Insurance Brokers and Consultants as principals.Siddons will be responsible for new business development, the design, placement and...
Sep 17 2018 // Pro US Holdings, the sole shareholder and immediate parent of ProTucket Insurance Company — the insurance carrier established in Rhode Island to provide run-off transfer solutions in the U.S. — has contributed...
Sep 13 2018 // The Hanover Insurance Group has agreed to sell Chaucer, its Lloyd’s-focused international specialty business, to China Reinsurance Group Corp. for total proceeds of $950 million.The Hanover had indicated in March it...
Sep 10 2018 // Pro US Holdings, the sole shareholder and immediate parent of ProTucket Insurance Company – the insurance carrier established in Rhode Island to provide run-off transfer solutions in the U.S. – has contributed...
Sep 10 2018 // Lloyd’s of London’s historic base on Lime Street is heading for a radical makeover, with more focus on shared, collaborative spaces along the lines of a WeWork Cos. office, according to its outgoing...
Sep 7 2018 // John Neal has been appointed as the chief executive officer of Lloyd’s following a meeting of the Council of Lloyd’s, where his appointment as successor to Inga Beale was approved unanimously.Neal will take up...
Sep 7 2018 // Business Risk Partners (BRP), a Windsor, Conn.-based specialty insurance program administrator, has appointed Brad Lacey as a principal underwriter focused on management and professional liability products.Simultaneously,...
Sep 6 2018 // Concord Specialty Risk has hired Rustin I. Paul Esq. as executive vice president of Reps and Warranty Insurance Underwriting, where he will have a leading role in the future of the firm’s Reps and Warranty Insurance...
Sep 6 2018 // Dallas, TX, September 6, 2018— U.S. Risk’s StaffPak program has partnered with program-driven Markel Specialty to offer property and casualty coverage to the staffing and PEO industries. Markel will provide...
Aug 31 2018 // Lloyd’s announced that its chief commercial officer, Vincent Vandendael, has decided to leave the corporation after almost six years. He will be moving to Everest Insurance as CEO of International Insurance in early...
Aug 30 2018 // Amanda Tilford has joined Houston-based managing general agency, Myron Steves, to lead the company’s Claims operations.She will be responsible for operating the claims processing unit, including the timely and proper...
Aug 30 2018 // After 30 years at brokerage Marsh, George Parks is joining The Hartford to become head of sales and field operations for national accounts in the insurer’s Specialty Commercial business. Parks will oversee national...
Aug 29 2018 // IAT Insurance Group has hired Ken Chapman as executive vice president, Surety, to lead IAT’s new surety business following IAT’s acquisition of IFIC Surety Group that is expected to close in the third...
Aug 28 2018 // Kingdom Trust, a company that stores digital currency for investors, has secured insurance coverage through Lloyd’s of London to protect against theft and destruction of those assets, the company said on Tuesday.The...