All the headlines from our Excess Surplus Topic Page, ordered by recency.
Aug 6 2018 // Among the three laws vetoed by Rhode Island Governor Gina Raimondo as she cleared her desk of all pending legislation in early July was a bill relating to surplus lines insurance.The bill – 2018 – H 7909...
Aug 6 2018 // Lansing, Michigan-based AF Group is branching out from its traditional base in workers’ compensation into the specialty commercial auto insurance niche, driven by a new operating company, Fundamental...
Aug 3 2018 // London Market Group (LMG) has appointed of Clare Lebecq as CEO. Lebecq, who will take on the role on a permanent basis, will start on Nov. 1 and replaces Chris Beazley, who will return to MS Amlin as CEO of their Swiss...
Aug 2 2018 // Ryan Specialty Group LLC (RSG) has completed its acquisition of certain assets of ARC Specialty Brokerage LLC, the property and casualty division of ARC Excess & Surplus LLC, a wholesale insurance brokerage based in...
Aug 1 2018 // Beazley has launched a new consortium at Lloyd’s to bring increased capacity for wage & hour risks, expanding the choices available to U.S. organizations.Building on Beazley’s experience in employment...
Jul 31 2018 // Lloyd’s of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and responsive to both clients and members, especially after Britain leaves the EU,...
Jul 30 2018 // Ryan Specialty Group LLC (RSG) and ARC Excess & Surplus LLC (ARC) have entered into a definitive agreement in which RSG will acquire certain assets of ARC Specialty Brokerage LLC, the P&C Division of ARC, a...
Jul 26 2018 // Aspen Managing General Agency, a division of Atlanta-based Allstar Financial Group, has partnered with Tower Hill Specialty (THS) to offer property insurance programs in Texas.Tower Hill Specialty offers a range of...
Jul 26 2018 // Following its placement into liquidation by the South Dakota Division of Insurance in late June, the Texas Department of Insurance removed ReliaMax Surety Co. from the list of eligible surplus lines insurers in Texas, the...
Jul 25 2018 // May 2018 was the highest-grossing month for surplus lines premium in Texas, with $681 million recorded, the Surplus Lines Stamping Office of Texas (SLTX) reported.Total premium in Texas has increased to $3.06 billion, as...
Jul 24 2018 // The current operating environment continues to prompt mergers & acquisitions (M&A) among insurers and reinsurers. However, the number of potential M&A candidates has declined and sellers’ expectations of...
Jul 24 2018 // The U.K. is facing a grim future after Brexit because of the failure of the its politicians to govern responsibly, the former chairman of insurance market Lloyd’s of London wrote in a letter to the Financial...
Jul 23 2018 // Excess and surplus lines (E&S) insurance premium recorded by the 15 managing service offices in the United States increased 9.4 percent as of the 2018 mid-year point, the Surplus Lines Stamping Office of Texas (SLTX)...
Jul 16 2018 // Ahead of the recent World Cup in Russia, Lloyd’s of London predicted that France would be victorious. And victorious they were – with a 4-2 win against Croatia on Sunday.Interestingly, Lloyd’s also predicted...
Jul 16 2018 // New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country.European insurers, reinsurers,...
Jul 12 2018 // A.M. Best has downgraded the Financial Strength Ratings to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” from “a” of Pacific Specialty Insurance Co. and Pacific...
Jul 12 2018 // Specialty insurance underwriter Ascot Group has appointed a new U.S. marine insurance team led by Chris Piazza as executive vice president and head of U.S. Marine Insurance.Piazza will lead all aspects of Ascot’s...
Jul 11 2018 // Specialty insurer Markel Corp. has announced executive leadership changes for its insurance operations.Robert Cox will join Markel in the newly created position of president and chief operating officer, Insurance...
Jul 11 2018 // Swiss Re Corporate Solutions has named Diane Link as head of Excess and Surplus (E&S) Casualty for North America. Link will oversee North American E&S casualty business. Based in Chicago, Link succeeds Mike Kwan,...
Jul 11 2018 // Lloyd’s, the specialist insurance and reinsurance market, has launched a digital distribution platform – Lloyd’s Bridge – designed to quickly, easily and efficiently connect insurance businesses and...