Commercial E&S
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Third Point purchased 50,000 shares of the E&S insurer, which represents roughly 0.1% of its shares outstanding. -
Casualty premiums grew 56.7% year on year in Q2 2025.
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Appointments include leadership in transportation, energy, marine and others.
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She joins the specialty insurer after working at Hamilton as CUO.
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Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
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Commercial liability and commercial property coverage continued to dominate the E&S market.
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California posted a 47% jump YoY, from a 28.4% rise in June.
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In liability, the carrier is steering away from where inflation has been volatile.
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Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
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The segment is also seeing double-digit loss cost inflation.
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Renewal rates fell, despite elevated catastrophe losses.
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The company also encouraged insurers and brokers to support the initiative.
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