All the headlines from our Excess Surplus Topic Page, ordered by recency.
May 24 2018 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has expanded its Project Cargo offering through a direct partnership with its Engineering division.The new collaborative...
May 23 2018 // Lloyd’s of London reported that it has received licence approval from the National Bank of Belgium for Lloyd’s Insurance Co.Lloyd’s Brussels will be able to write non-life risks from the European Economic...
May 22 2018 // Castel Specialty, the division of managing general agent Castel Underwriting Agencies Limited for smaller books of niche business, has expanded its portfolio with the launch of Castel Political Risk.Led by Tom White,...
May 22 2018 // Ascot US Holding Corp. has acquired Greyhawk Insurance Co. and its subsidiary Greyhawk Specialty Insurance Co. Greyhawk is a Colorado domiciled admitted lines insurer that has been in runoff since 2006. Greyhawk Specialty...
May 21 2018 // Lloyd’s of London remains on schedule to have its post-Brexit outpost ready for business beginning in January 2019, CEO Inga Beale confirmed at a recent meeting of U.S. regulators in Washington,...
May 21 2018 // Insurers in the cyber insurance segment have enjoyed exponential growth in the market over the last 10 years, and that is expected to continue as the world becomes even more connected via the internet. But while the growth...
May 21 2018 // Privately held independent insurance broker Lockton named Matt DiGregorio as a senior vice president in its South Florida operation.DiGregorio will advise clients in private equity, real estate and other industries on...
May 18 2018 // Lloyd’s and independent specialist marine broker SSL Insurance Group has agreed to merge with fellow Lloyd’s broker and delegated authority specialist Endeavour Insurance Services.The deal will conclude with...
May 17 2018 // Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection...
May 17 2018 // As insurers try to innovate and address the rapidly changing needs of their clients, Lloyd’s of London CEO Inga Beale has a message for regulators who oversee them: “Try and keep up.”Beale, speaking May...
May 14 2018 // Hannover Re and HDI Global SE are merging their specialty activities in a new joint venture. The new company, HDI Global Specialty SE, will write agency and specialty insurance business in lines such as errors &...
May 10 2018 // Lloyd’s of London has directed its underwriters to terminate any insurance programs they have with the National Rifle Association (NRA) and to not enter into any new ones.“The Lloyd’s Corporation has...
May 9 2018 // Michael Micheff has joined Everest Insurance in Chicago as director and senior underwriter within the Excess Casualty division of Everest Specialty Casualty. He will be handling the Midwest territory of the United...
May 7 2018 // The Surplus Lines Stamp-ing Office of Texas (SLTX) says the number of surplus lines policies filed after the filing deadline has decreased since the start of the SLTX late filers outreach program last year. In 2017, 993...
May 3 2018 // Insurance broker Lockton will pay a $7 million fine for administering National Rifle Association (NRA) member insurance programs in New York that officials say violate several state laws.The settlement with Lockton is the...
May 2 2018 // The Surplus Lines Stamping Office of Texas (SLTX) reported that the number of surplus lines policies filed with SLTX after the filing deadline has decreased since the start of the SLTX late filers outreach program.In 2017,...
May 1 2018 // Lloyd’s of London announced today that Chief Financial Officer John Parry has decided to leave the corporation after 17 years. Parry joined Lloyd’s in August 2001. He was appointed chief financial officer in...
May 1 2018 // Insurer Beazley has partnered with three companies to build a blockchain-based registry that will manage insurance for crisis situations such as mass shootings, the companies told Reuters.The registry will use blockchain...
Apr 30 2018 // A new report commissioned by Lloyd’s of London finds a role for insurance in helping the sharing economy grow by clearly defining the risks in the peer-to-peer world. However, differing views on who should take on...
Apr 27 2018 // Allianz Global Corporate & Specialty (AGCS) has partnered with Israel-based drone safety systems company ParaZero to offer its drone-safety products to insureds and help them manage risks involved with the operation of...