Commercial E&S
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The move is the latest sign that InsurTech is becoming ever more integrated into existing commercial insurance distribution channels.
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The reinsurance pact with Enstar’s Cavello Bay has an aggregate limit of $1bn. -
The month's total continues a record-setting stretch, in which monthly premiums have been their highest ever in all but one month of 2020.
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The structure simplifies access to Sirius E&S capacity for brokers.
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The rating for the new venture comes as the parent raises $108mn for expansion through a notes issue.
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The wholesale broking executive says plenty of capital remains to support both the admitted and E&S markets.
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The new hire continues a flurry of moves under CEO Andrew Robinson and follows a rebrand from the HIIG corporate name last month.
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Dom Addesso and Don Larson join the board of the Consolino and Noonan-led enterprise.
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Galanski, Consolino, Sills and Co will have to build franchises that can withstand a cycle turn.
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E&S premiums written in the state rose to a high of $723.2mn in July.
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Seth Johnson will take over the position on January 1 next year.
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The newly created role will focus on broker relationships in the E&S markets.
