All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jul 24 2017 // Surplus lines insurers, your Illinois policies are exempt from all statutory bad faith claims. Or at least they’re arguably exempt. But whether arguable or actual, you should be moving to dismiss these claims at the...
Jul 24 2017 // A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a...
Jul 24 2017 // In Texas and across the nation, the surplus lines insurance market is keeping up with the increase in demand for cyber liability protection, according to the Surplus Lines Stamping Office of Texas (SLTX).SLTX recorded a...
Jul 21 2017 // Castel Specialty, a division of Castel Underwriting Agencies Ltd., has expanded its portfolio with the launch of Castel Construction.London-based Castel Underwriting Agencies, part of Barbican Insurance Group, is a...
Jul 21 2017 // Hannover Re has completed the acquisition of the UK holding company Argenta Holdings Ltd., which owns the companies Argenta Syndicate Management and Argenta Private Capital, as well as a pro rata share of the Lloyd’s...
Jul 20 2017 // Small business insurance leader Travelers Companies is well-positioned to continue to compete in the small commercial insurance space that is attracting new entries including technology-driven start-ups, according to CEO...
Jul 18 2017 // Sarah Price has been named a director in Houston-based Crystal & Company’s Specialty Products Group. She specializes in placing complex environmental insurance programs.Price has 18 years of experience in...
Jul 17 2017 // R-T Specialty LLC has opened an office in Honolulu, Hawaii.The office is led by Jason A. Witthun and Marie-Louise D. Lundqvist. The Honolulu office handles all excess and surplus lines of business including property...
Jul 17 2017 // A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a report...
Jul 14 2017 // Bermuda-based AXIS Capital Holdings Ltd. announced it will launch a Lloyd’s managing agent after receiving authorization from Lloyd’s, the UK Prudential Regulation Authority (PRA) and the Financial Conduct...
Jul 14 2017 // Chubb today has made new leadership appointments within its Global Casualty and Excess Casualty lines of business for its North America Major Accounts division, which serves large U.S.- and Canadian-based companies...
Jul 14 2017 // Zurich-based Tokio Millennium Re AG (TMR) has appointed Brian Secrett as chief underwriting officer (CUO) and member of the executive committee, with effect from Oct. 1, 2017 and subject to regulatory approvals.As the new...
Jul 13 2017 // San Antonio-based managing general agent and excess and surplus (E&S) lines broker, McClelland and Hine Inc. (MHI), has promoted Lisa Barnes to the position of chief operating officer, and named Amicia Hine president...
Jul 12 2017 // CFC Underwriting has partnered with CyberScout, an identity management and data theft service company, to offer cyber support services to its customers internationally.CyberScout provides CFC customers with help in three...
Jul 11 2017 // Ryan Specialty Group (RSG) announced the formation of its first Latin American-focused managing general underwriter (MGU), hiring two former executives from American International Group to lead the unit.Pascal Alvarez has...
Jul 10 2017 // Property/casualty (P/C) insurance and group benefits industry is changing faster than ever. Many factors are the parents of such change. In part one of this two part series, I will focus on the more traditional aspects and...
Jul 10 2017 // California’s surplus lines industry is trying to clear up the haze over a proposed regulation that would require medical marijuana businesses to purchase insurance only from admitted carriers.The regulation is one of...
Jul 10 2017 // San Francisco, Calif.-based Metromile has named Carrie Dolan chief financial officer.Dolan most recently served as CFO of Lending Club, an online credit marketplace connecting borrowers and investors. Prior to Lending...
Jul 7 2017 // R-T Specialty, LLC (RT) has announced that Jackie LaRock has joined the company as an executive vice president and part of the RT ProExec practice group. LaRock has experience and expertise in professional and executive...
Jul 6 2017 // AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty re/insurer that operates through Lloyd’s of London.“The US$604 million transaction adds scale and breadth to the international...