The US excess and surplus market (E&S) market continues to grow at a robust rate; however, the yearly pace of growth has slowed, according to an analysis by S&P Global Market Intelligence.
Tag: Excess & Surplus Lines
CIWA Announces New President, Vice President, and Board Members for 2023-24
CIWA announces new positions that will support the association’s continued growth and overall mission.
SURE Now Provides E&S Homeowners Insurance in Florida
SURE announced it now writes excess and surplus lines property insurance in Florida.
E&S Premiums Account for Larger Share of U.S. P&C Market
Premium dollars continue to flow into the U.S. excess and surplus market, which accounted for 8.7% of the country’s total P&C industry during the first half of 2022.
Liberty Mutual Insurance Announces Changes to its U.S. Dual-Channel Specialty and E&S Distribution Strategy
Liberty Mutual Insurance announced changes to its dual-channel distribution strategy for specialty and excess & surplus (E&S) insurance solutions. The changes will improve ease-of-doing-business and better serve retail and wholesale brokers in efforts to meet the changing and increasingly complex and interconnected needs of businesses. Going forward, all US commercial, specialty and E&S products placed… Continue reading Liberty Mutual Insurance Announces Changes to its U.S. Dual-Channel Specialty and E&S Distribution Strategy
Growth Momentum in U.S. E&S Market to Continue in 2020: Conning
A recent study by Conning’s states that on the back of U.S. excess and surplus (E&S) market growth which commenced in 2018 and gained momentum in 2019, further expansion is expected in the year ahead. According to the new study, the surplus lines market in the U.S. is booming, with E&S premium growth being driven… Continue reading Growth Momentum in U.S. E&S Market to Continue in 2020: Conning
Lloyd’s Returns to Profit for the First Half of 2018
Lloyd’s, the specialist insurance and reinsurance market, today announced a profit of £0.6bn for the first half of 2018 with the publication of its interim report. The market’s return to profit follows the severe catastrophe experience in 2017, with the result supported by an improved combined ratio of 95.5% (June 2017: 96.9%). Lloyd’s also reported… Continue reading Lloyd’s Returns to Profit for the First Half of 2018
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
Lloyd’s of London Heading for WeWork Style Makeover, CEO Says
Lloyd’s of London’s historic base on Lime Street is heading for a radical makeover, with more focus on shared, collaborative spaces along the lines of a WeWork Cos. office, according to its outgoing chief. “Over the years to come, that place will look very different, guaranteed,” Chief Executive Officer Inga Beale said in an interview… Continue reading Lloyd’s of London Heading for WeWork Style Makeover, CEO Says
Introducing the New ProgramBusiness.com
As you can see, we have a whole new look for the Daily NewsFlash — and that’s just the beginning! ProgramBusiness.com, after nearly 20 years since its launch as a game changer in connecting the retail and wholesale communities, has released a new brand and digital platform. The new brand features a clean logo reflecting… Continue reading Introducing the New ProgramBusiness.com