Commercial E&S

The insurer continues to exit or reduce unprofitable lines and slowed growth as a result.

Jason Keen joined Everest in 2022 as head of international.

APIP is one of the world’s largest property programs.

Howden is facing fallout from its push into the US retail market via mass hires.

Mike Mulray joins from Everest, where he was EVP president of North America insurance.

The specialty insurer was recently acquired by Korean carrier DB Insurance.

According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.

One of the options being explored is setting up a dedicated company for the wholesale vertical.

Broker facilities and increased US domestic appetite are accelerating the softening.

The ratings agency said underwriting-cycle management would be key going forward.

James River also amended the convertible preferred equity held by Gallatin Point and closed its strategic review.

London market carriers may be getting competitive, but that is not in itself a bad thing.

The two senior positions will be based in London.

It will offer additional capacity to WTW US property clients with a limit up to $25mn.

James River will also oppose a Fleming motion to uncover additional documents.

US-listed brokers and carriers have generally continued to produce strong growth even in a transitioning market.

The need for specialty lines is greater than ever before, said Patrick G. Ryan, founder, chairman and CEO of Ryan Specialty.

It is understood that the executive will report to Scott Meyer, now COO for NA Insurance.

Tara Hill launched last month and is headed by Core Specialty’s Peter McKeegan.

The acquisition allows AM Specialty to expand its E&S offerings.

Latin America and the Caribbean accounted for 4.6% of GWP for Lloyd's in 2023.

The broker said there was an opportunity to take advantage of competition to improve outcomes for clients.

LMG's latest London Matters report reveals that UK capital has lost ground to the US and Bermuda in some lines.

The announcement confirms earlier reports from this publication.

Joe Morrello joined the firm in 2022 after serving as E&S property head at Beazley.

The partnership will launch with NIP’s landscaper program.

The (re)insurer’s Q4 CoR rose 15.2 points to 81.4% on satellite failure, D&F losses.

Enstar acquired 637,640 shares of James River in Q4 last year valued at nearly $6mn.

Earlier in the process, sources linked Sentry Insurance with a bid for the E&S insurer.

The new line is in addition to its existing Bermuda and US excess casualty products.

Chief of IRS Criminal Investigation said Tysers had "eroded the process of fair and open competition".

The bill removes a previous Farm Bill requirement mandating that carriers purchase unlimited catastrophic reinsurance. Instead, companies can purchase “adequate” catastrophic reinsurance.

With US third-quarter reporting season being well underway, the results so far highlight further runway for the hard property E&S market.