Commercial E&S
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The wholesaler is not looking for a “point-in-time" valuation. -
The firm will begin writing middle-market commercial business this month.
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SLTX reports that the increase has been linked to lines of business experiencing notable growth, specifically in excess/umbrella lines.
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Idaho saw the most growth of the stamping states, reporting a 27% increase in transactions due to heightened home construction.
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The purchase of a U.S.-based carrier enables Greg Hendrick-led Vantage Group to write coverage under its own subsidiary after partnership.
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McLaughlin succeeds Dean Andrighetto, who is retiring.
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June premiums exceeded May 2021 by $63mn to become the highest single month ever reported in SLTX’s 33-year history.
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May 2021 had the largest single-month premium volumes ever reported in SLTX’s 33-year history.
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The appointment is part of an expansion into the onshore excess and surplus lines.
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Jones will also take the role of head of analytics and be responsible for managing the enterprise risk of the organization.
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Robinson said that since becoming CEO a year ago, over a quarter of Skyward’s $874mn book has been put into run off.
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IGI’s shares are up 9% since the start of the year at $8.83 and are now trading at just above book value, according to data from SNL.
