Excess casualty | Insurance Insider US

The carrier will offer $10mn per risk, targeting large corporations.

California and Florida were up significantly, but premium growth slowed in Texas.

Gray specializes in contract bonds for mid-sized and emerging contractors.

MultiStrat, the founder of casualty ILS, is focusing on committed capital to grow, said Bob Forness, CEO, MultiStrat.

Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.

Trailing three month premiums were up 7.2% versus 13.1% in August.

He will drive the growth of Chubb's claims-made excess casualty facility.

The MGU is entering the often-difficult habitational GL space with an initial E&S offering.

The executive’s skepticism is informed by the industry’s typical approach to cyclicality.

There will also be a renewed focus on organic growth, both in P&C and across US and international operations.

He joins the company after 22 years in casualty leadership roles at Chubb.

California, Florida and Texas all saw decreases in monthly premium growth.

After spending 20 years at Aon, Goodman will start a senior executive position with Guy Carpenter.

Cavello Bay Re will provide paper for the MGA’s business written out of Bermuda.

Capacity has gone up slightly, with new entrants and incumbents feeling better about their books.

The Delaware high court’s reasoning could find application in other cases.

The executive was previously Navigators’ head of excess casualty.

Appointments include leadership in transportation, energy, marine and others.

Q2 cat losses at AIG declined to $170mn from $330mn in the prior year quarter.

Commercial liability and commercial property coverage continued to dominate the E&S market.

The professional lines market remains ‘challenging’ overall, however.

California posted a 47% jump YoY, from a 28.4% rise in June.

The company also encouraged insurers and brokers to support the initiative.

Last year, the firm obtained a Class 4 license in Bermuda.

The rules would require paid rest breaks, among other measures.

The unit will operate via VerTerra Insurance, the company’s E&S insurer.

Expense ratios started to move higher in 2024 as the cycle reverses, with this trend likely to persist.

The executive brings nearly 30 years of liability experience to the role.

The former Hub executive has over 30 years of experience in transportation.

The executive said he left the company in September.

The executive replaces Mike Warwicker, who left the firm earlier this year.

This will allow Ark to write business on surplus line paper and Lloyd’s business.

Rates and limits have done the heavy lifting to date – but there are other options.

The team is led by ex-Liberty Mutual executive David Perez who was hired for the launch in October.

“Models aren't going to tell you what the emergent risks today are,” Dolan said.

The MGA market now makes up 10% of the overall P&C market.