All the headlines from our Excess Surplus Topic Page, ordered by recency.
Jun 14 2017 // The start of hurricane season made me think about a topic that many of us don’t often think about in P&C insurance: residual markets. The 21st century insurance marketplace in the US is nominally a free market,...
Jun 13 2017 // Editor’s Note: This is the first of two articles by Burand based on his most recent 50-page whitepaper, State of the P&C Insurance Industry 2017. The whitepaper is available from Insurance Journal’s...
Jun 13 2017 // Natural coastal habitats such as mangroves, coral reefs and salt marshes protect communities more effectively against coastal storms than seawalls, and insurers should consider this when pricing flood risk, Lloyd’s...
Jun 12 2017 // Asta, the Lloyd’s third party managing agent and specialist MGA investor, announced that Dubai-based Arma Underwriting Ltd. has received full approval from all regulators and commenced operations last...
Jun 7 2017 // Dallas-based insurance exchange MarketScout, which provides agents with access to specialty markets, has sold its workers’ compensation managing general agency business to Specialty Program Group.MarketScout said it...
Jun 5 2017 // Fort Worth-based InsureZone announced the release of MGA Pro, which can provide real-time surplus lines rating from 25 carriers. InsureZone purchased MGA Pro in 2016 in order to add surplus lines rating to its suite of...
Jun 5 2017 // Reinsurance rates fell for the sixth consecutive year at the June 1, 2017 renewals, according to a market commentary published by JLT Re.JLT Re cited its Risk-Adjusted Florida Property-Catastrophe (ROL) Index which fell by...
Jun 5 2017 // The Texas Legislature has passed a bill exempting certain commercial insureds from the requirement that agents make a “diligent effort” to find insurance in the admitted insurance market before taking the risk...
Jun 5 2017 // The acquisition by AmWINS Group Inc. at the end of last month of Networked Insurance Agents will achieve a number of objectives for both the Charlotte, N.C.-based global distributor of specialty insurance products and...
Jun 2 2017 // Specialty Program Group, a holding company for specialty insurance underwriting facilities, has acquired the assets of Paul Hanson Partners and its affiliate, PHP International.Terms of the deal were not disclosed. Napa,...
Jun 2 2017 // Sompo International, a Bermuda-based specialty provider of property and casualty re/insurance, announced its London market insurance platform has agreed to acquire Novae Syndicates Ltd.’s financial...
Jun 1 2017 // The Surplus Lines Stamping Office of Texas (SLTX) has introduced a new website as part of its long-term technology and communication initiatives.The updated site will be housed under the domain www.sltx.org. It includes a...
Jun 1 2017 // The Excess Line Association of New York (ELANY) has added Howard W. Greene to ELANY’s senior management team as director of strategic initiatives. Greene, an industry veteran, comes to ELANY from TIAA, where he spent...
May 26 2017 // The acquisition by AmWINS Group Inc. at the end of last month of Networked Insurance Agents will achieve a number of objectives for both the Charlotte, N.C.-based global distributor of specialty insurance products and...
May 26 2017 // The Hanover Insurance Group Inc., a Worcester, Mass.-based holding company for several property and casualty insurance companies, has appointed Bryan J. Salvatore as executive vice president and president of specialty,...
May 26 2017 // The acquisition by AmWINS Group Inc. late last month of Networked Insurance Agents will achieve a number of objectives for both the Charlotte, N.C.-based distributor of specialty insurance products and the California-based...
May 25 2017 // Zurich North America is bringing its Specialty Products business together with its North America Commercial Insurance as part of a continued streamlining of operations.The company said the move will provide easier access...
May 25 2017 // On May 11, the Texas Senate passed a bill exempting certain policyholders from the requirement that agents to make a “diligent effort” to find insurance in the admitted commercial insurance market. Gov. Greg...
May 25 2017 // Three Lloyd’s insurers have joined forces to form a Political Risk Consortium in Asia, offering increased capacity for a wide range of political and contract frustration risks.Beazley, Chaucer and Talbot will work...
May 25 2017 // Liberty Mutual has appointed Jessica Dekermanji as senior vice president and chief underwriting officer of the National Insurance Specialty Energy unit.Dekermanji will lead a team of underwriting, risk control and account...