Commercial E&S
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Sources said that the second biggest wholesaler in the US has already started to engage banks. -
The trade association elects Worldwide Facilities CEO Davis Moore as president.
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Core E&S premiums grew by 39% during the quarter.
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The former Hallmark trio arrive to lead a transportation push.
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Earthquake capacity remains constrained following over a decade of soft pricing.
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The ratings agency says capacity in the market could further expand in the short term.
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Paragon CEO Ron Ganiats says the MGA is “leaning in aggressively” as it builds an extensive admitted lines portfolio.
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The strengthening is mostly tied to the Uber account in run-off and casualty reinsurance.
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The carrier has received regulatory approval to write E&S business through the company.
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The number of policies bound in the E&S market fell, while premium rocketed.
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Big ticket commercial insurance rates rose 22% in Q4 overall, Marsh data shows.
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Despite the record, the annual growth rate is lower than the 19% pickup reported last year.
