Commercial E&S

RPS said higher excess layers in the E&S property sector are still seeing increases north of 50% while primary and lower buffer layers are seeing average increases of 10%-15%.

Sutton’s financial strength rating and long-term issuer credit rating are both under review by Best, with negative implications.

A quick roundup of this week’s biggest stories.

Around 85% of companies mistakenly believe that their property insurance covers some, all or most types of flooding.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The company targets specialty markets that it believes are underserved by larger insurers and focuses on niche business lines and fee-oriented services.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The ratings agency cited increased business due to declining capacity in commercial lines and some personal lines markets.

The carrier is now working with Stonybrook Capital on a mix of equity and debt as it looks to expand its capital base beyond $100mn.

California E&S premiums, however, fell 20% year over year for the month and declined 1% for the first 10 months of 2023.

At least one carrier struck a note of caution during Q3 earnings about the ongoing rapid growth story in surplus lines.

Inside P&C’s morning summary of the key stories to get you up to speed fast.