All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jul 5 2017 // Last week, we started a conversation about flood coverage. If you missed last week’s blog, go back and read it now. We’ll wait for you. To sum up last week’s blog, I believe that the standard market could...
Jul 5 2017 // The Hanover Insurance Group Inc. announced that Chaucer, the company’s international specialty insurance group, has acquired SLE Holdings, a market-leading Lloyd’s managing general underwriting agency based in...
Jul 5 2017 // Lloyd’s announced that Robert Childs, non-executive chairman of Hiscox, has been appointed deputy chairman of Lloyd’s. He takes up the position immediately.Childs takes over from Paul Jardine, who retired from...
Jun 30 2017 // Ironshore’s Mergers & Acquisitions and Tax unit has updated its transactional liability product to address regulatory risks in the healthcare sector.Ironshore now offers a single limit and single retention...
Jun 29 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).Surplus lines...
Jun 28 2017 // AXIS Insurance, a business segment of AXIS Capital Holdings Limited, has appointed Marc Nance executive vice president, Excess & Surplus Property. He is based in Chicago.Nance is responsible for growing and managing...
Jun 28 2017 // Businesses could face a much higher bill than they expect or are prepared for after falling victim to a cyber-attack, according to research from Lloyd’s in association with KPMG and legal firm DAC Beachcroft.As...
Jun 27 2017 // CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, announced the appointment of Alistair Marriott as head of Cargo for its Lloyd’s platform.Reporting to...
Jun 26 2017 // Lloyd’s of London is planning to cut 10 percent of its staff in the UK as the world’s oldest insurance market looks to streamline operations and reduce costs amid continued pricing pressure on its...
Jun 26 2017 // Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them into British and EU contracts would be too complex, Lloyd’s of London Chief Executive...
Jun 23 2017 // Data collected by the Surplus Lines Stamping Office of Texas (SLTX) shows that insurance premium amounts recorded in May 2017 are higher than totals recorded in May of 2016 or 2015. The information was presented at the...
Jun 23 2017 // XL Catlin’s excess and surplus (E&S) insurance team has promoted Caitlin Murphy from senior underwriter to the role of eastern regional vice president of E&S Property.In her new role, Murphy will direct...
Jun 23 2017 // Randall & Quilter Investment Holdings Ltd. announced it has reached agreement to sell the entire share capital of its Lloyd’s managing agency, R&Q Managing Agency Ltd. (RQMA), to Coverys, a provider of...
Jun 22 2017 // The Hanover Insurance Group, Inc. and its subsidiary, Chaucer, announced that they will form a Dublin-based company, Chaucer Insurance Co. DAC (Chaucer Dublin), to write international specialty insurance business.The...
Jun 20 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...
Jun 20 2017 // The PURE Group of Insurance Companies has expanded its PURE Programs excess & surplus (E&S) line offering designed to protect higher risk homes insured for $1 million or more, into South Carolina.With this...
Jun 19 2017 // Biglari Holdings Inc. and Pacific Specialty Insurance Co. announced a definitive agreement for a subsidiary of Biglari Holdings to acquire all of the outstanding shares of the parent company of California-based Pacific...
Jun 19 2017 // The Arkansas Insurance Department has approved the acquisition of two domestic affiliated companies, Allied World Surplus Lines Insurance (AWSLIC) and Vantapro Specialty Insurance Co., by Swiss and Canadian...
Jun 19 2017 // West Des Moines, Iowa-based GuideOne Insurance has named Jessica E. Clark as the company’s new chief executive officer.Bringing nearly 20 years of leadership experience in property and casualty insurance, Clark...
Jun 16 2017 // Bruce Carnegie-Brown formally has officially assumed his position as chairman of Lloyd’s, following the retirement of John Nelson.“I am very excited to get started. In the months since my appointment was...