Commercial E&S
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London underwriters are getting aggressive in the US. -
Both executives will report to Jim Wallace, head of E&S property.
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The executive was most recently president of Vouch Specialty.
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The firm’s Q4 GWP grew over 21% fueled by surety, transactional E&S and captives.
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Enstar acquired 637,640 shares of James River in Q4 last year valued at nearly $6mn.
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Given a number of complexities, the landing zone on a take-out price is small.
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Earlier in the process, sources linked Sentry Insurance with a bid for the E&S insurer.
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The new line is in addition to its existing Bermuda and US excess casualty products.
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This follows a record-breaking $63bn of premium and 24.1% growth for 2022.
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RPS saw organic growth of 12% in Q4 of last year.
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At market close, WTW shares were up almost $18.
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Laura Johnson most recently served as head of E&S primary casualty.
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