All the headlines from our Excess Surplus Topic Page, ordered by recency.
Nov 27 2017 // The Supreme Judicial Court in Massachusetts (SJC) has answered a question regarding the priority of coverage for two automobile insurance policies covering a single motor vehicle accident.In its ruling, the SJC decided...
Nov 21 2017 // Sompo International Holdings, a Bermuda-based unit of Japanese insurer Sompo, said it will set up a subsidiary in Luxembourg, in case Britain does not have access to the single market after Brexit.Below are insurers’...
Nov 21 2017 // Specialist global insurer Hiscox has appointed Glenn Dorr as head of business development and broker relationships for North America within its London market business. Dorr joins Hiscox from Lloyd’s USA, where he was...
Nov 20 2017 // Paul Schiavone has been appointed as global head of Allianz Global Corporate & Specialty’s Alternative Risk Transfer (ART) business, taking over from Bill Guffey who is leaving Allianz for other opportunities...
Nov 20 2017 // Palomar Specialty Insurance Co. has expanded its Flex Choice residential earthquake insurance product into the following states: Arkansas, Tennessee, Kentucky, Illinois, Indiana and Utah. Flex Choice allows consumers to...
Nov 20 2017 // A new Arkansas-based surplus lines insurer has been approved to do business in the state, according to the Arkansas Insurance Department.Vault E&S Insurance Company has been granted authority to sell property, casualty...
Nov 17 2017 // Texas has recorded $4.6 billion in surplus lines premium through the end of October 2017, a 6 percent increase over 2016, according to the Surplus Lines Stamping Office of Texas (SLTX).Providing an update at the annual...
Nov 17 2017 // Barbican Insurance Group has launched Barbican Specialty US, a new managing general agency (MGA) providing wholesale excess and surplus (E&S) property insurance for small-to-medium-sized commercial operations along the...
Nov 15 2017 // Garrett Sprowls, general counsel and managing broker of Austin-based Professional Lines Underwriting Specialists Inc. (PLUS Inc.), has been elected president of the Texas Surplus Lines Association Inc. (TSLA).Other newly...
Nov 15 2017 // Prime Holdings Insurance Services Inc. (Prime Holdings) announced that its subsidiary, Prime Insurance Company (Prime), recently received approval to write specialty lines insurance coverage in New Hampshire and Rhode...
Nov 15 2017 // Salt Lake City, UT, Chicago, Illinois, November 15, 2017- Prime Holdings Insurance Services, Inc. (“Prime Holdings”) announced that its subsidiary, Prime Insurance Company (“Prime”), recently...
Nov 14 2017 // NIF Group Inc. (NIF), a wholesale broker, program administrator and managing general agency, and its parent company JenCap Holdings LLC (JCH) have agreed to acquire privately held Agency Intermediaries Inc. and A.I.I....
Nov 14 2017 // Chord Re, a new underwriting vehicle established by Stefan Long, formerly head of Aspen Re London, has launched operations on Nov. 6.Chord Re expects to both structure and lead programs in specialist classes and will...
Nov 13 2017 // Dale Underwriting Partners, managed by Lloyd’s third party managing agency Asta, announced that its special purpose arrangement (SPA) has received approval from Lloyd’s. The SPA will reinsure a portfolio of...
Nov 13 2017 // Asta, the third-party managing agent at Lloyd’s, announced that Agora Syndicate 3268 has received approval from Lloyd’s to commence underwriting business attaching on or after Jan. 1, 2018.Agora Syndicate 3268...
Nov 8 2017 // A new Arkansas-based surplus lines insurer has been approved to do business in the state, according to the Arkansas Insurance Department.Vault E&S Insurance Company has been granted authority to sell property, casualty...
Nov 7 2017 // Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country.Despite the...
Nov 6 2017 // Berkshire Hathaway Specialty Insurance (BHSI) has unveiled the Excess Integrated Follow Form, a single excess policy that sits atop multiple first- and third-party insurance policies, for contractors in the U.S. and...
Nov 3 2017 // Ryan Specialty Group LLC has completed its previously announced acquisition of Oxford Insurance Services LLC (Oxford), a wholesale insurance brokerage headquartered in Houston, Texas.The acquired business is part of R-T...
Nov 3 2017 // Bermuda-based Fidelis Insurance announced it has launched its first managing general agent (MGA), called Radius. The MGA will be run by Rob Ashton and will focus on niche specialty treaty excess of loss business, such as...