Commercial E&S
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Historically, February is often the lowest month for premium submissions within each annual reporting period. -
Winston joined the company in 2010 and was most recently promoted to vice president of underwriting in 2020.
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The transaction will see Catlin redomiciled in Oklahoma, moving it from Delaware, to make use of the Oklahoma Insurance Business Transfer Act.
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The program, specifically for SMEs, covers a range of products within management and professional liability.
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Kinsale Capital Group posted a combined ratio of 75.5% and an expense ratio of 21.4% for Q4 2021.
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The executive said the business model in the high-net-worth space “simply needs to change” as loss costs have risen, fueled by increased frequency and severity.
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Clay Rhoades, formerly US E&S president, is named the new insurer’s CEO and will continue to report to Hamilton Insurance CEO Pina Albo.
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Benchmark Specialty was also given a long-term issuer credit rating of "a".
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The protracted firming phase of the cycle continues, with E&S firmer than the admitted market.
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The (re)insurer grew GWP by 19% to $8.5bn in 2021 and cut its reported combined ratio to 90%.
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The Illinois office recorded the highest growth rate, with a 40% increase in 2021 on the year before.
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The investment firm named industry veteran Nick Davies as the MGA’s CEO.
