Reinsurance News
E&S
E&S insurance market will continue to be a standout: Patrick Ryan
28th March 2023
Patrick G. Ryan, Founder, Chairman and CEO of international specialty insurer Ryan Specialty, has asserted that excess and surplus (E&S) lines will “continue to be a standout within the insurance industry” over the coming year. Writing in an introduction to the company’s annual report, Ryan commented on its performance over the ... Read the full article
AM Holding Company launches new E&S lines carrier
5th December 2022
AM Holding Company has announced the launch of AM Specialty Insurance Company (ASIC), an Arizona-authorised domestic excess and surplus (E&S) lines carrier and accredited reinsurer based in Dallas, Texas. According to the announcement, this new entity joins the group’s other insurance subsidiaries, AM RE Syndicate and AM Star Claims, as the ... Read the full article
Hurricane Ian to have immediate impact on E&S property market: CRC
10th November 2022
Hurricane Ian is expected to have an “immediate and substantial” impact on the excess and surplus (E&S) lines property market, according to the latest edition of the REDY Index by CRC Group. The Index shows that the property catastrophe market had already been tightening prior to Hurricane Ian’s landfall, but that ... Read the full article
Liberty Mutual announces changes to dual-channel speciality and E&S distribution strategy in US
9th September 2022
Liberty Mutual Insurance has announced changes to its dual-channel distribution strategy for specialty and excess & surplus (E&S) insurance solutions. The changes are set to improve business operations and better serve retail and wholesale brokers in efforts to meet the changing and increasingly complex and interconnected needs of businesses, says Liberty ... Read the full article
Insurtech startup Ledgebrook raises $4.2m in seed funding
18th August 2022
Boston-based insurtech, Ledgebrook, has announced that it has raised $4.2M in seed funding to build out its operations with the goal of writing its first policies in Q4 of 2022. The company plans to start by launching a broad-appetite E&S GL product to establish its value prop to wholesale brokers ahead ... Read the full article
AXA XL appoints Christopher Lee head of E&S property insurance
29th July 2022
AXA XL, the property & casualty and specialty risk division of AXA, has promoted Christopher Lee to lead its Excess & Surplus property insurance business. Based in New York, Lee will be responsible for the underwriting management of AXA XL's book of E&S property business. He will report to Michele Sansone, Chief ... Read the full article
Convex launches US E&S focused MGU with professional liability hires
21st July 2022
Specialty insurance and reinsurance company Convex has launched a new managing general underwriter (MGU) focused on the insurance market in the United States. Convex US has been launched as an MGU that will have a focus on excess and surplus (E&S) lines business. The MGU, Convex US, will source primary E&S insurance ... 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
AmTrust forms new leadership team for E&S division
11th February 2022
AmTrust Financial Services, a global specialty property and casualty insurer, has formed a new leadership team for its Excess and Surplus (E&S) division through promotions and expanding the roles of five executives. The division will be led by Senior Vice President Erich Bublitz, who will report to Dan Hickey, President of ... Read the full article
Trisura launches E&S Insurance Carrier
19th January 2022
The US subsidiary of International specialty insurance holding company Trisura Group has launched Bricktown Specialty Insurance Company, its new E&S Insurance Carrier to further expand the company’s footprint within the insurance industry. This new carrier will allow its current clients to expand, whilst bringing in new clients who will not have ... Read the full article
Trean’s Benchmark forms new excess and surplus lines subsidiary
29th December 2021
Benchmark Insurance Company, a writer of program business and subsidiary of Trean Insurance Group, has formed a new excess and surplus (E&S) lines subsidiary, Benchmark Specialty Insurance Company. Benchmark Specialty is an Arkansas domestic surplus lines carrier and appears destined to become the main E&S carrier for the Trean group of ... Read the full article
Concert Group launches Montana-based E&S carrier
15th December 2021
Newly-formed insurance fronting company, Concert Group Holdings, Inc., has announced the establishment of an excess and surplus (E&S) lines carrier based in Montana, called Concert Specialty Insurance Company. The new entity joins Concert Insurance Company, the group's Illinois-based property & casualty (P&C) operations, as the two firms operating under the Concert ... Read the full article
E&S outlook improves to stable: AM Best
5th March 2021
AM Best has revised its outlook for the US excess and surplus (E&S) lines market segment from negative to stable, due to its ongoing profitability and premium growth. The rating agency acknowledged that the E&S market still faces uncertainty due to the impact of COVID-19 on the US and global economies, ... Read the full article
HIIG launches E&S brokerage business unit
2nd September 2020
International specialty insurance group, Houston International Insurance Group has announced that it has launched an E&S Brokerage business unit to provide liability and property solutions to the wholesale brokerage market. Mark Boland will be leading the unit with support from a team of underwriters. Boland previously held roles as President, E&S at ... Read the full article
Growth momentum in U.S. E&S market to continue in 2020: Conning
3rd March 2020
A recent study by Conning's states that on the back of U.S. excess and surplus (E&S) market growth which commenced in 2018 and gained momentum in 2019, further expansion is expected in the year ahead. According to the new study, the surplus lines market in the U.S. is booming, with E&S ... Read the full article
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