Hybrid US fronting carrier Trisura Specialty has put the first deal on its books with an agreement to provide its paper to Allstar Transportation's liability program business, The Insurance Insider can reveal.
Despite hardening pockets in US property, casualty and professional lines, broader rate increases have so far either proved elusive for insurers or come in below their expectations, according to AmWins.
State Auto said its excess and surplus lines (E&S) property team will officially leave the carrier on 2 March and revealed it is closing in on a number of renewal rights transactions as part of its move to exit specialty lines.
Alleghany comfortably beat Wall Street expectations with operating earnings per share of $9.89 for the fourth quarter, as its TransRe and insurance subsidiaries reported improved underwriting returns for the period.
