The most viewed headlines from our Excess Surplus Topic Page over the last year.
Jan 16 2025 // There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. As surplus is inadequate and reinsurance has a...
Nov 21 2025 // American International Group Inc.’s announcement last week that it was parting ways with incoming President John Neal stunned insurance industry observers and raised questions about what caused the veteran executive...
Jun 16 2025 // Florida’s governor has signed House Bill 1549 into law, eliminating the requirement that insurance agents make a “diligent effort” to find coverage before placing properties with a surplus lines...
May 6 2025 // Starting July 1, Florida insurance agents will no longer need to make a “diligent effort” to find coverage for hard-to-place properties before turning to surplus lines insurance if the governor signs House Bill...
Jun 30 2025 // Lloyd’s has issued a statement applauding the removal of Section 899 from the Republican’s reconciliation bill, which could have led to substantial additional tax on the US income of non-US-domiciled...
Apr 30 2025 // Some property/casualty insurers talk about experimenting with artificial intelligence to automate call center responses and back-office operations. But that’s not the road to turbocharging growth that AIG CEO Peter...
Nov 14 2025 // John Neal’s tenure at American International Group (AIG) is over before it began.The former CEO of Lloyd’s of London and AIG reached a “mutual agreement” that he would not join the company due to...
Mar 26 2025 // The Cincinnati Insurance Companies have grown business for 75 years through relationships with a carefully selected set of regional independent agents—and business in the surplus lines segment is no exception, executives...
May 13 2025 // “You can’t cut yourself to greatness.”Simon Wilson, chief executive officer of Markel Insurance, made the simple statement at a Markel Group brunch meeting for investors in Omaha, Nebraska on May 4 to...
Sep 12 2025 // 2024 marked the 7th straight year of double-digit growth for the U.S. excess and surplus lines market, but the top 25 players no longer command 70 percent of the pie, according to a new report.AM Best’s latest report...
May 23 2025 // Global insurer American International Group (AIG) has reached an out of court settlement of its legal dispute with the excess and surplus insurance firm Dellwood that was started by former AIG executives.In a filing in...
Feb 6 2025 // The excess and surplus lines market continued to grow in 2024, with premium reaching more than $81 billion, according to annual reports from 15 state stamping offices released by the Wholesale & Specialty Insurance...
May 1 2025 // Independent insurance wholesaler CRC Group said it has acquired specialty wholesale distributor ARC Excess & Surplus.Terms were not disclosed. ARC was founded in 1986 by Chris Cavallaro as a boutique management and...
Apr 23 2025 // Markel Insurance announced that its U.S. and Bermuda operations, previously known as Markel Specialty, are being divided into two business divisions: US Wholesale and Specialty, and Programs and Solutions.The changes...
Jun 26 2025 // A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 13.4% in 2024, down from 14.5% a year earlier.While growth stayed up in double...
Nov 19 2025 // Lloyd’s of London is investigating its former chief executive officer, John Neal, who was set to start at American International Group Inc. next month before the company disclosed he’s no longer joining due to...
Dec 1 2025 // AM Best revised its market segment outlook on the U.S. excess and surplus lines segment to stable from positive, the rating agency announced.The change comes as rates soften and premium growth moderates. “Although...
Jun 17 2025 // Markel Insurance, the insurance operations within Markel Group Inc., appointed new leadership within its U.S. wholesale and specialty division. The company is simplifying its structure from six U.S. wholesale and two U.S....
Apr 29 2025 // Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute to growth for nonadmitted insurers.According to a report from AM Best, surplus homeowners direct premiums...
Jan 8 2025 // Insurance broker Aon plc announced the appointment of John Neal as global CEO of Reinsurance and chairman of Climate Solutions, effective following the conclusion of Neal’s notice period at Lloyd’s of London...