All the headlines from our Excess Surplus Topic Page, ordered by recency.
Mar 7 2018 // Y-Risk, LLC, a specialty underwriting management company, has been approved as a Lloyd’s coverholder with authority for cyber and technology E&O insurance on behalf of certain Lloyd’s syndicates. Y-Risk is...
Mar 6 2018 // Sompo International announced it will launch a specialty insurance underwriting operation in Barcelona, Spain.Sompo currently has a London-based operation but must open EU-based headquarters in order to conduct business...
Mar 5 2018 // The members of the Surplus Line Association of California have elected Robert Gilbert of Markel West Insurance Services as the new chair of the SLA Board of Directors.Gilbert’s election was finalized after the SLA...
Mar 5 2018 // St. Louis, Missouri-based Safety National Casualty Corp. announced management changes that are effective April 1, 2018.Gene Maier, executive vice president and chief underwriting officer, is retiring. During his 33-year...
Mar 5 2018 // All 15 surplus lines service offices across the United States experienced increases in excess and surplus (E&S) lines insurance premium in 2017, the Surplus Lines Stamping Office of Texas (SLTX) reports. U.S. surplus...
Mar 2 2018 // State Auto Insurance is continuing its exit from the specialty insurance business, selling off more of the business of its excess and surplus lines subsidiary, Rockhill Insurance Group.The buyer this time is specialty...
Feb 26 2018 // A.M. Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” to JM Specialty Insurance Co. (JMSI) in Neenah, Wisconsin. The outlook assigned to these Credit...
Feb 26 2018 // Chicago, IL, February 26, 2018– XINSURANCE.com announces its unique “ALL-IN-ONE” INSURANCE POLICY. This new customized “ALL-IN-ONE” policy is the first of its kind. It provides an innovative...
Feb 26 2018 // Warren Buffett’s Berkshire Hathaway’s combination of insurance entities have recorded 14 consecutive years of underwriting profit worth more than $28 billion. The Oracle from Omaha has repeatedly warned his...
Feb 22 2018 // HDI Global SE has appointed John Schossler has been appointed assistant vice president, Casualty Construction manager, based in Chicago.Schossler will lead all efforts in the development of this segment by cultivating...
Feb 22 2018 // Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire the assets and operations of New Day Underwriting Managers LLC (New Day), a specialty intermediary with offices in Hamilton, N.J.New Day will...
Feb 21 2018 // Everest Insurance has expanded the financial lines division of Everest Specialty Underwriters (ESU ), naming five professionals to its new Private Company/Not-For-Profit unit.The Private/NFP team is targeting small, middle...
Feb 20 2018 // Hamilton Underwriting Ltd., the managing agency of Syndicate 3334 and the Lloyd’s operations of Bermuda-based Hamilton Insurance Group, announced the details of a reorganization of its underwriting team.Pending...
Feb 20 2018 // The Lloyd’s Market Association (LMA) has launched the Claims Development Pathway, an interactive training and development tool that will provide support to claims professionals in the Lloyd’s market, at every...
Feb 19 2018 // All 15 surplus lines service offices across the United States experienced increases in excess and surplus lines insurance premium in 2017, the Surplus Lines Stamping Office of Texas reported. U.S. surplus line premium...
Feb 19 2018 // All 15 surplus lines service offices across the United States experienced increases in excess and surplus (E&S) lines insurance premium in 2017, the Surplus Lines Stamping Office of Texas (SLTX) reports. U.S. surplus...
Feb 19 2018 // Wholesale insurance broker and program manager, Midlands Management Corp., has added insurance professional Lori Covey to its team in Dallas.A 25-year veteran of the industry, Covey started her career on the retail side of...
Feb 15 2018 // London-based Brit Ltd. has renewed and expanded the collateralized reinsurance capacity provided by its Bermuda domiciled sidecar, Versutus Ltd., in support of Brit’s property catastrophe portfolio for 2018.Marking...
Feb 13 2018 // Wholesale insurance brokers have been selling off their businesses and it’s not because they are all ready to retire.As in the retail agency segment, consolidation among wholesale brokerages is being driven by buyers...
Feb 13 2018 // Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Apsley Specialty Ltd., a registered Lloyd’s coverholder.Financial details of the transaction were not disclosed....