Reinsurance News
Core Specialty
Core Specialty launches excess liability program with Synchronosure
10th January 2023
Core Specialty Insurance Holdings, Inc. and its subsidiaries have announced the launch of an excess liability program in conjunction with Synchronosure, a tech augmented underwriting agency. According to the announcement, the program will provide up to $5m in excess liability coverage, attaching at $11m and higher, to small and middle-market businesses ... Read the full article
Core Specialty makes changes to board of directors
1st December 2022
Core Specialty has appointed David Ni to its board of directors with immediate effect. Ni will be replacing Robert Campbell, who has served on the board since the firm recapitalised in November 2020 as one of two directors designated by Enstar. Ni is the chief strategy officer at Enstar, a ... Read the full article
Core Specialty launching Habitational Excess Liability Program with PRF
30th November 2022
Core Specialty Insurance Holdings, Inc. and its subsidiaries have announced the launch of an excess liability program covering habitational risks with Professional Risk Facilities (PRF). The program will be marketed publicly under the name Habitational Risk Facilities (HRF) and is the second PRF program to receive Core Specialty capacity support. A press ... Read the full article
Hallmark sells E&S operations to Core Specialty
10th October 2022
Property and casualty firm Hallmark has sold its excess and surplus lines operations to Core Specialty. The company said in a statement that the transaction is taking place for $40m cash, plus an estimated $19.9m consideration for the acquisition costs associated with certain net unearned premium reserves. The transaction is comprised of ... Read the full article
Core Specialty enters into underwriting arrangement with AllDigital Specialty
23rd September 2022
Core Specialty Insurance Holdings, Inc. and its subsidiaries have entered into an underwriting arrangement with AllDigital Specialty to provide Director’s and Officers, Employment Practices and Fiduciary Excess Liability Coverage, in support of Small to Medium sized private and non-profit organizations. AllDigital utilizes low-touch/no-touch technology that will enable Core Specialty to operate ... Read the full article
AM Best revises outlooks for Core Specialty’s subsidiaries to positive
8th August 2022
Rating agency AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-“ (Excellent) of StarStone Specialty Insurance Company and StarStone National Insurance Company - both domiciled in Wilmington, DE and collectively are ... Read the full article
Core Specialty adds three underwriters to E&S primary product liability line
19th July 2022
Core Specialty and its subsidiaries have appointed three underwriters as the company expands its excess & surplus (E&S) primary product liability line. Joining the team are Guy Harris, AVP Underwriter, Jason Rockel, Lead Underwriter, and Matt Madar, Senior Underwriter. Harris, Rockel and Madar were all most recently with AmTrust E&S Insurance Services. ... Read the full article
Core Specialty completes $65m cat bond
7th June 2022
Core Specialty has completed its $65 million multi-year Yosemite Re 144A catastrophe bond. The firm said in a statement that this was the final element of Core Specialty’s Property reinsurance program for 2022. The 2022 Program attaches at $50 million and exhausts at $570 million. Core Specialty also said that the ... Read the full article
Core Specialty recruits Ann Brady as Agriculture SVP
18th May 2022
Specialty property and casualty (P&C) insurer Core Specialty Insurance Holdings has announced the appointment of Ann Brady as Senior Vice President of Agriculture. Brady brings decades of agriculture insurance knowledge, specifically serving as an Agriculture reinsurance broker for the previous twelve years with Guy Carpenter. In her new role, she will report ... Read the full article
Core Specialty names President of newly formed Equine Division
14th April 2022
Core Specialty Insurance Holdings has announced the appointment of Kevin Eagen who joins the company as President of its newly formed Equine Division. Equine Division represents Core Specialty's 11th Specialty Business Unit. In a press release, it states that Equine Division offers a variety of products, including equine mortality, loss of use, ... Read the full article
Core Specialty hires Ambac’s Scott Snyder to lead new Fronting Division
7th March 2022
Core Specialty Insurance Holdings, Inc. has hired Scott Snyder as President of Fronted Programs, as the carrier launches its Fronting Division in "recognition of the magnitude and relevance of this line of business" to the company. In 2021, Core Specialty notes that this business line generated $441 million of gross written ... Read the full article
Core Specialty completes merger combination with Lancer
3rd January 2022
Specialty property and casualty (P&C) insurers Core Specialty has now completed its previously announced merger combination with commercial auto specialist Lancer Insurance Group, growing its business into one holding pro forma capital of over $1.1 billion. The merger was announced back in April 2021, with Lancer expected to operate as ... Read the full article
Core Specialty inks underwriting arrangement with DUAL
21st April 2021
Core Specialty Insurance Holdings has announced a new underwriting arrangement with DUAL Commercial that will provide primary and excess professional liability limits for qualified classes of business. DUAL is specialty program manager in the Property, Casualty, and Financial Lines marketplace and its hoped this partnership will build on its existing underwriting ... Read the full article
Core Specialty to combine with Lancer
16th April 2021
Specialty property and casualty (P&C) insurers Core Specialty and Lancer Insurance Group have announced plans to combine their companies in a stock and cash deal. The transaction, which is to be structured as a merger, will see Lancer operate as a separately managed Division of Core Specialty, retaining the Lancer brand ... Read the full article
Integral ILS partners with Amwins & Core Specialty on new US property program
18th March 2021
Independent insurance-linked securities (ILS) fund manager, Integral ILS Ltd., has launched a new U.S. property insurance program with risks underwritten by Amwins and policies issued via subsidiaries of Core Specialty Insurance Holdings, Inc. Integral is set to assume U.S. catastrophe risk originated from Amwins' MGAs, including Amwins Access, Seacoast Brokers, Special ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
