James River Group Holdings Ltd. reported a $5 million net profit for the second quarter of 2022, down from $20.8 million in the same period last year. The adjusted net operating income for the quarter was $20 million, up from $18.8 million the previous year. The group combined ratio for the second quarter of 2022… Continue reading James River’s Q2 Net Income Down from Same Period 2021, but E&S Lines Show Improvement
Tag: E&S lines
Nationwide Partners with Samsara to Offer Video Telematics to Commercial Trucking Customers
Commercial truckers are tasked with protecting their vehicles and businesses from myriad hazards, yet some of the costliest accidents are often outside of their control. To enable commercial trucking customers to protect themselves against external threats and help them take advantage of easy-to-implement fleet management, Nationwide has partnered with Samsara to offer a new video… Continue reading Nationwide Partners with Samsara to Offer Video Telematics to Commercial Trucking Customers
Excess & Surplus Lines Premium Growth Accelerates in Response to Weaker Results
Direct written premiums in the U.S. excess and surplus (E&S) lines market for 2018 grew at the greatest rate since 2012, increasing 11%, according to Fitch Ratings. The trend continued to strengthen in the first-half of 2019 with premium growth of 15%, a rate nearly double the overall property/casualty market’s growth rate. “Underwhelming underwriting results… Continue reading Excess & Surplus Lines Premium Growth Accelerates in Response to Weaker Results
U.S. P/C Insurers Benefit from Excess & Surplus Lines Rebound
A recovery of the US excess and surplus (E&S) lines insurance market is benefiting US property & casualty (P/C) insurance companies, according to a Fitch Ratings report. Typically, more volatile than standard admitted insurance markets, the E&S business vastly underperformed P/C insurers overall in 2017 with a 116 percent direct statutory combined ratio, significantly higher… Continue reading U.S. P/C Insurers Benefit from Excess & Surplus Lines Rebound