Commercial E&S

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.