All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jan 22 2018 // Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer...
Jan 22 2018 // Surplus lines in California had a great year with more premium and more items, such as policies and endorsements sold.However, surplus lines brokers had to work harder for all that premium. That’s according to Ben...
Jan 22 2018 // Surplus lines premium in Texas increased to $5.46 billion in 2017, up from $5.12 billion in 2016, according to data collected by the Surplus Lines Stamping Office of Texas (SLTX).The numbers represent a 6.5 percent growth...
Jan 22 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...
Jan 18 2018 // JenCap Holdings LLC (JCH), a specialty insurance business, has agreed to acquire privately-held Genesee General, a managing general agency, program administrator and wholesale insurance broker based in Alpharetta, Ga. The...
Jan 17 2018 // Houston International Insurance Group (HIIG) announced it has promoted five senior management executives.Kirby A. Hill was promoted to executive vice president of HIIG Property/Casualty operations. Hill, who has been with...
Jan 16 2018 // Capitol Indemnity Corp., a wholly-owned subsidiary of CapSpecialty Inc., said it has acquired the renewal rights to Rockhill Insurance Group’s excess and surplus environmental insurance book of business.Rockhill is a...
Jan 9 2018 // Surplus lines in California had a great year with more premium and more items, such as policies and endorsements sold.However, surplus lines brokers had to work harder for all that premium. That’s according to Ben...
Jan 9 2018 // Ethos Specialty Insurance Services, a subsidiary of Ascot Group, announced that Michael Carr has joined the firm as head of Ethos Property.Carr has 25 years of experience in the excess and surplus property market. Prior to...
Jan 9 2018 // AXIS Capital Holdings Ltd. announced it has received authorization from Lloyd’s for AXIS Managing Agency Ltd. to commence the management and oversight of Novae Syndicate 2007 and SPS 6129 after its acquisition of...
Jan 8 2018 // CIWA Industry DaysJan 8-10 Hilton La Jolla Torrey PinesLa Jolla, Calif.California Insurance Wholesalers Association (CIWA)Contact: Thomas Shovlin, thomas@ciwa.netThe 19th Annual Windstorm Insurance ConferenceJan 15-19...
Jan 5 2018 // Bermuda’s PartnerRe Ltd. announced that Charles Goldie, formerly CEO of Specialty Lines, has been appointed CEO of Property & Casualty, following the retirement of Tad Walker who previously filled that...
Jan 4 2018 // Starr Surplus Lines Insurance Co. has become the first domestic surplus lines insurer (DSLI) in Texas, effective Jan. 1, 2018, the Surplus Lines Stamping Office of Texas (SLTX) reported.The company has been approved to...
Jan 4 2018 // Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of Kerwick & Curran Inc. (K&C), a wholesale insurance brokerage with offices in Tarrytown and Melville, N.Y.Terms of...
Jan 4 2018 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, has reached a definitive agreement to acquire Seacoast Brokers, LLC, a South Carolina-based personal lines specialty MGA that designs,...
Jan 3 2018 // Twenty or so years ago, a London market marine underwriter declared he was going golfing one afternoon because he had reached his annual capacity level. That was an underwriting model commonly used in the Lloyd’s and...
Jan 3 2018 // Surplus lines premium in Texas increased to $5.46 billion in 2017, up from $5.12 billion in 2016, according to data collected by the Surplus Lines Stamping Office of Texas (SLTX).These numbers represent a 6.5 percent...
Dec 21 2017 // Ironshore Inc. announced that its Pembroke Managing Agency has been granted “in principle” approval by the Lloyd’s Franchise Board to create GIC Re’s syndicate at Lloyd’s.“The...
Dec 21 2017 // Travelers Europe announced it has appointed Nick Rnjak to lead Travelers Syndicate Management Ltd., its wholly owned platform in the Lloyd’s insurance market.Rnjak most recently served as chief underwriting officer...
Dec 20 2017 // Below are insurers’ plans for EU subsidiaries (in alphabetical order) in case Britain does not have access to the single market after Brexit:ADMIRAL. British motor insurer Admiral Group said last year that it could...