Net profits at fronting carrier State National increased by 3.2 percent to $10.0mn in the second quarter, as ceding fees climbed by 3.3 percent to $16.9mn.
Markel’s excess and surplus lines (E&S) business grew in the second quarter but only by “single digits”, the carrier’s president Michael Crowley told investors last week.
American Financial Group (AFG) has revealed that a second quarter reserve charge within its excess and surplus lines (E&S) business hampered the profitability of its specialty casualty division.
Net profits at fronting carrier State National increased by 3.2 percent to $10.0mn in the second quarter, as ceding fees climbed by 3.3 percent to $16.9mn.
