Commercial E&S
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The company filed its S-1 in March, with a 2024 CoR of 93.9%. -
The executive said he left the company in September.
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The company’s credit ratings had been under review since early this year.
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The once niche product is generating interest in a growing number of industries and sectors.
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The settlement requires Dellwood’s Price to write an apology to Peter Zaffino.
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Lloyd’s traditionally avoided US middle market property, but head of P&C Matt Keeping says times have changed.
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The moves come as the company said it will "double down" on US E&S.
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Rates have fallen an average of 10%, though changes can be highly specific to each property.
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The MGA market now makes up 10% of the overall P&C market.
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The company has reduced its exposure on large commercial auto and property.
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Sills added that Bowhead doesn't expect a reversal of compressed limits being offered.
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Richard Schmitzer will retire as E&S president and CEO, and Todd Sutherland will succeed him.
