Commercial E&S

But rates remain in positive territory and pockets remain hard even as competition picks up.

Rate increases in the niche market segment remained in the double digits, but the pace of gains was slower than in prior periods.

The transaction will involve around half of Hallmark Specialty Group shares being floated on the public markets.

The cover will be targeted at local governments, school districts, publicly owned utilities, and universities and colleges.

Robinson said the move fits into a broader strategy of finding new sources of data to improve underwriting capabilities.

The E&S carrier has also appointed Diane Schnupp as an executive vice president.

“Flood is a perfect example of one of the products that we're seeking to grow strongly over the next few years,” she said.

Hiscox is looking to “very strongly” grow its US excess and surplus lines (E&S) business in the coming years, Hiscox London Market CEO Kate Markham told an online event hosted by Lloyd’s on Tuesday.

The volume of business written during the month rose by 1.3% year on year.

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.

Core E&S premiums grew by 39% during the quarter.