All the headlines from our Excess Surplus Topic Page, ordered by recency.
Oct 4 2017 // R-T Specialty, LLC (a subsidiary of Ryan Specialty Group, LLC) has opened a new office in Louisville, Ky. This office is led by Brian Houghlin and Chris Beckmann.Houghlin has 30 years of experience in the management...
Oct 3 2017 // Everest Re Group Ltd. has said its Dublin-based unit has received approval from the Central Bank of Ireland to become a non-life insurer, joining a growing list of insurers setting up regulated EU operations in case...
Oct 3 2017 // Losses from Hurricane Maria and other recent 2017 natural catastrophes, including Hurricanes Irma and Harvey, the Mexico City earthquakes and other events, have led global insurers and reinsurers to issue profit...
Oct 3 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...
Oct 2 2017 // A group of independently owned Texas managing general agents (MGAs) have come together to provide targeted, direct, local relief to communities affected by Hurricane Harvey.Texas MGAs for Disaster Relief is working with...
Sep 29 2017 // Intact Financial Corp. said it has completed its acquisition of U.S. specialty insurer OneBeacon Insurance Group from Bermuda-based White Mountains Insurance Group. The purchase price was C$2.3 billion (US$1.7...
Sep 29 2017 // A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Trisura Specialty Insurance Co. (Trisura Specialty), based in Oklahoma City. The ratings...
Sep 28 2017 // Lloyd’s of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer’s capital and hit its profitability.Although losses from natural catastrophes...
Sep 28 2017 // Lloyd’s of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer’s capital and hit its profitability.Although losses from natural catastrophes...
Sep 26 2017 // Using a Bermuda joint venture between Ironshore and C.V. Starr & Co. as a model, Ironshore announced the launch of Iron-Excess on Monday.Ironshore, a Liberty Mutual company, describes Iron-Excess as an expansion of the...
Sep 26 2017 // Pioneer Underwriters and Asta, the third party managing agent at Lloyd’s, announced they have received “in principle” approval from Lloyd’s to establish a syndicate.Pioneer commenced underwriting in...
Sep 26 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced Dr. Kirsten Mitchell-Wallace has been appointed as the head of Risk Aggregation.The role reports to Jon Hancock, the director of Performance...
Sep 26 2017 // Chicago, Illinois, Salt Lake City, Utah and Naples, Florida, September 26, 2017- Prime Insurance Company announced today that A.M. Best Co. has upgraded their financial strength rating from A- to A “excellent”...
Sep 25 2017 // AFL Insurance Brokers Ltd. (AFL) has created an energy practice headed by London market broking professionals Dominic Quick and Simon Pearce.AFL’s energy practice will serve both AFL’s clients and customers...
Sep 22 2017 // Asta, a third-party managing agent at Lloyd’s, announced it has received “in principle” approval from the Lloyd’s Franchise Board to establish and manage Agora Syndicate 3268.In 2015, Asta and...
Sep 21 2017 // A group of independently owned Texas managing general agents (MGAs) have come together to provide targeted, direct, local relief to communities affected by Hurricane Harvey.Texas MGAs for Disaster Relief is working with...
Sep 21 2017 // London-based Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has announced the appointment of four senior roles (subject to regulatory approval). Phil Hobbs has been named deputy managing director. Hobbs...
Sep 18 2017 // Detroit, Mich.-based H.W. Kaufman Financial Group named Daniel J. Kaufman senior vice president of corporate growth. Kaufman will continue to serve as managing director and lead the Chicago, Milwaukee, Pittsburgh and...
Sep 18 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...
Sep 14 2017 // Borrowing ideas from some insurtech startups, Allianz Global Corporate & Specialty has a new platform for brokers and their Main Street customers “from barber shops to bakeries and toy stores to tailor.”The...