All the headlines from our Excess Surplus Topic Page, ordered by recency.
Dec 19 2017 // Salt Lake City, UT, Chicago, IL, December 19, 2017- Prime Holdings Insurance Services, Inc. (“Prime Holdings”) announced that its subsidiary, Prime Insurance Company (“Prime”), recently received...
Dec 18 2017 // U.S.-based global specialty insurer The Navigators Group has agreed to purchase all of the shares of Assurances Continentales – Continentale Verzekeringen NV (ASCO) and Bracht, Deckers & Mackelbert NV (BDM),...
Dec 18 2017 // Prime Holdings Insurance Services Inc. (Prime Holdings) announced that its subsidiary, Prime Insurance Company (Prime), has received approval to write specialty lines insurance coverage in New York state. Prime provides...
Dec 14 2017 // The Surplus Lines Stamping Office of Texas (SLTX) announced it will begin supporting Automated Clearing House (ACH) payments, effective early first quarter 2018, as part of the new electronic filing system that will be...
Dec 14 2017 // Pioneer Underwriters announced it has received approval from Lloyd’s for Syndicate 1980 to commence underwriting business attaching on or after Jan. 1, 2018.Pioneer Syndicate 1980 will have a gross premium income of...
Dec 14 2017 // Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), has announced that effective December 31, Henning Haagen will take over as North American regional head of specialty...
Dec 13 2017 // Pioneer Underwriters has appointed Kellie Reese as an underwriter in its recently launched E&S Property operation. She will report to Dave Phillips, based in Alpharetta, Ga.Reese has almost 30 years of experience as a...
Dec 13 2017 // Bretton Woods International (BWI), the specialist insurance broker and managing general agent, has received a license to operate in the UK as an independent broker and, at the same time, is now registered as a...
Dec 13 2017 // Liberty Specialty Markets said it planned to redomicile its UK insurance company to Luxembourg, as a result of Britain’s decision to leave the European Union.Below are insurers’ plans for EU subsidiaries (in...
Dec 12 2017 // After more than two years of red tape that kept tenants from moving in, China’s tallest skyscraper, the Shanghai Tower, has been quietly opening and filling office space.More than 60 companies now occupy office space...
Dec 8 2017 // Surplus lines premium recorded through the end of November rose to $5.04 billion in Texas, according to the Surplus Lines Stamping Office of Texas (SLTX). This total represents a year-to-date increase of 6 percent over the...
Dec 6 2017 // The Federal Emergency Management Agency (FEMA) is seeking to recover the full $1.042 billion of its reinsurance coverage to help pay the federal flood insurance program’s losses from Hurricane Harvey. Those paid...
Dec 5 2017 // American International Group said Tom Bolt will join the company as chief underwriting officer, General Insurance. He will be responsible for developing a global framework for underwriting standards, authority and...
Dec 4 2017 // Texas has recorded $4.6 billion in surplus lines premium through the end of October 2017, a 6 percent increase over the same period in 2016, according to the Surplus Lines Stamping Office of Texas (SLTX).At the annual...
Dec 4 2017 // Woodruff-Sawyer & Co. has named Brendan Williams its Southern California practice leader.Williams will be assuming leadership of the Southern California region in early 2018 upon the retirement of Ron Packouz, founder...
Dec 4 2017 // Hudson Insurance Group has added Wallace Moreman as senior vice president. In this new position, Moreman will establish a subcontractor default insurance (SDI) business for Hudson.Christopher Gallagher, president and CEO...
Dec 1 2017 // Randall & Quilter Investment Holdings Ltd. announced it has completed the sale of its Lloyd’s managing agency, R&Q Managing Agency Ltd. (RQMA), to Coverys, a provider of medical professional liability...
Nov 30 2017 // Beazley has established its new U.S. marine platform with an initial focus on hull, protection & indemnity (P&I) and liability coverage for the marine and marine construction marine platform sectors.Beazley has...
Nov 29 2017 // The Lloyd’s market has paid claims worth US$1.7 billion, to date, in response to Hurricanes Harvey, Irma and Maria. Earlier this year Lloyd’s estimated a total commitment of US$4.8 billion for the three...
Nov 28 2017 // Mike LaRocco, who took over president and CEO of State Automobile Mutual Insurance Co. in May 2015, has won the support of the company’s board of directors for an extension of his contract until Dec. 31, 2021.LaRocco...