XL Catlin has parted company with excess and surplus lines (E&S) president Stephen Oh as it realigns the business within its broader US insurance organisational structure, The Insurance Insider can reveal.
Those calling a turn in the P&C pricing cycle can usually agree on one thing: it takes more than a heavy cat year on its own to bring a broad upward shift in rates.
AIG has taken a huge 40 percent line on a newly consolidated property cover for retail giant Walmart that rolls its expiring US placement into a global structure, The Insurance Insider can reveal.
US specialty insurer CapSpecialty has unveiled a cloud-based platform that it says vastly streamlines the end-to-end submission and underwriting process for buying excess casualty coverage.
The 56 Florida homeowners' companies that had their ratings affirmed by Demotech late last month fell to a $407mn underwriting loss in the aggregate for 2017, analysis of statutory filings by The Insurance Insider has shown.
