All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jan 16 2024 // Brown & Brown Europe’s wholesale and specialty brokerage group, Bridge Specialty International, announced it has agreed to acquire Acorn International Network Pte Ltd., a Singapore-based insurance broker.The...
Jan 11 2024 // Ryan Specialty, the Chicago-based international specialty insurance firm, announced the expansion of its renewable energy insurance offering on a global basis with PERse International, a managing general underwriter based...
Jan 11 2024 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Ardonagh Specialty, and Lockton Re.A summary of these new hires and promotions follows here. BHSI Taps...
Jan 11 2024 // As we head into 2024, many property/casualty companies are primed to grow their businesses, but not all have adequate levels of surplus to support premium growth, an Aon Ward executive said during a mid-December...
Jan 9 2024 // This edition of International People Moves details appointments at CFC, Aon and QBE Re.A summary of these new hires follows here. Trueman Joins CFC as CUO After Recent Management ShakeupCFC, the specialist managing general...
Jan 8 2024 // Lloyd’s, the re/insurance marketplace, announced that the first 144A catastrophe bond has been issued on its risk transformation platform London Bridge 2 PCC Ltd.Beazley is the sponsor of the US$100 million...
Jan 8 2024 // Gallagher announced it has acquired Köberich Financial Lines. Terms of the transaction were not disclosed.Köberich specializes in D&O insurance, plus other financial lines products including cyber, warranties &...
Dec 22 2023 // Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Castel Underwriting Agencies Ltd. from Arch Financial Holdings (UK) Ltd. and minority shareholders.Terms...
Dec 21 2023 // (Bloomberg) — Citgo Petroleum Corp. was awarded an insurance payment of more than $54 million for almost 1 million barrels of crude seized by the Venezuelan government.A jury in federal court in Manhattan decided...
Dec 21 2023 // NormanMax Insurance Holdings, the Miami, Florida-based parametric re/insurance group, has received “in principle” approval from Lloyd’s to launch a syndicate, which will be managed by Apollo Syndicate...
Dec 19 2023 // One of the world’s most-influential insurance markets added Guyana to its list of the riskiest shipping zones amid an escalating territorial dispute with neighboring Venezuela.The decision announced by Lloyd’s...
Dec 18 2023 // Society of Lloyd’s, better known as Lloyd’s of London, has reached an agreement to remain in its One Lime Street headquarters until at least 2035, the Financial Times reported.The deal with landlord Ping An...
Dec 15 2023 // S&P Global Ratings has revised its financial strength rating for Lloyd’s of London to “AA–”, outlook stable, from “A+”, outlook stable.The rating upgrade reflects the improvement in...
Dec 14 2023 // The Oklahoma Insurance Department announced the adoption of the Surplus Lines Automation Suite (SLAS) for the reporting and payment of all Oklahoma surplus lines premium taxes beginning January 1, 2024.For all Oklahoma...
Dec 14 2023 // Swift Joins XPT Specialty Brokerage TeamXPT Specialty, headquartered in New York, N.Y., hired Ben Swift as an underwriter/broker specializing in commercial binding accounts for Midwest retailers. Before joining XPT, Swift...
Dec 14 2023 // Markel, the insurance operation within Markel Group Inc., has launched a Specialty practice within its International Wholesale division, which will be spearheaded by Tom Hillier as divisional managing director.The...
Dec 14 2023 // AXIS Capital Holdings Ltd. announced it has received in-principle approval from Lloyd’s to launch a syndicate that will focus on providing capacity for new energy projects with a critical role in supporting the...
Dec 13 2023 // Denali, a wholesale insurance specialist, announced that its Investor Property Program has grown to include student housing. The expansion of Denali’s package insurance for investor properties is well timed. Limited...
Dec 13 2023 // Ryan Specialty said it has formed an international financial lines managing general underwriter (MGU), Ryan Financial Lines.This MGU is being created by unifying the operations of EmergIn Risk, led by Jamie Bouloux;...
Dec 13 2023 // A federal appeals court has declared that New York law prevents Lloyd’s from recovering some loss payments from Zurich American because Zurich’s insured was also an insured of Lloyd’s in a case involving...