Commercial E&S
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Since Simon Wilson was elevated to insurance CEO, the firm has been refocusing its underwriting. -
As the Great Japanese M&A Contest develops, the executive said inorganic expansion is “a top priority”.
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Mike Mulray joins from Everest, where he was EVP president of North America insurance.
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The division mostly places higher up the tower, where many insurers have taken action to address SAM losses.
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E&S is most exposed to growth normalization, private credit is hunting P&C and fronting is deadlocked on exits.
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The specialty insurer was recently acquired by Korean carrier DB Insurance.
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The two executives join from Markel and Arch, respectively.
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Trailing three month premiums were up 7.2% versus 13.1% in August.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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Economic volatility, including from tariffs and rising interest rates, is reshaping risk profiles for specialty insurers.
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The MGU is entering the often-difficult habitational GL space with an initial E&S offering.
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A process has not been launched and a firm timeline for a liquidity event has not been agreed.
