Commercial E&S

Sources have said the carrier is looking establish a unit with its own P&L, intended on establishing a clear dividing line between the wholesale and retail businesses.

With the commercial auto noise behind it, the firm is set to benefit from E&S tailwinds, but casualty re remains a concern and new management will need to bed in.

The mutual has written about $50mn in premium in a little over two months, while working with four distribution partners in targeting risks with around $10mn in TIV.

As a growing number of standard lines businesses chase profits through E&S property markets, BMS Re’s Jeff Irvan lays out the appeal and dangers for carriers eyeing entry into the E&S space.

miums grow by 11.6% year on year, marking the 14th-largest premium in SLTX’s 33-year history.

The wholesaler also said the ultimate size of industry claims from Winter Storm Uri and Hurricane Ida were less relevant than shock unmodeled loss components.

The firm showed optimism for the future, but are recent gains the new normal or a temporary positive blip?

Headquartered in Georgia, Alpharetta is led by president and CEO Peter Bishop, who will join Venbrook operations.

The executive will oversee the company’s E&S and specialty business operations, claims and Nationwide Indemnity.

AM Best sees continued surplus lines DWP growth through 2021, noting that the market tends to perform better through "tumult and uncertainty".

Scottsdale-based excess and surplus (E&S) company Ategrity Specialty has raised $75mn from existing backer Sequentis Financial, the carrier announced on Wednesday.

“If we hit ’21, as I expect, based on most recent forecasts, and in ‘22 we get close to our plan, I think a possibility for this business would be a potential IPO in early ’23,” Cloutier told this publication on Tuesday.