Commercial E&S
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The excess casualty market has hardened as a result of ‘nuclear verdicts’, social inflation and prior-year loss deterioration.
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The excess cover will be distributed exclusively through wholesale brokers and targeted at mid-market accounts, Ascot said on Thursday.
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Sources said a final decision on whether to proceed with the venture is still pending. -
The appointment comes as R&Q continues to expand its program management segment.
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The broker’s Clips survey also recorded a significant acceleration in property prices.
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The Texas-based insurer is entering the products liability market as part of the expansion.
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Oliphant was CUO of Velocity Risk Underwriters, an underwriting arm of Markel-owned Nephila.
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“We’re going to continue to see the push for higher attachments,” said Zurich’s head of wholesale excess casualty.
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Ward is replacing John Stenhouse who has retired after two decades at the specialty insurer.
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The MGA will write recreational marine, marine equipment, and workers’ comp insurance on behalf of the carrier.
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Arizona-domiciled Palomar Excess Surplus Insurance Company started life last month.
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RLI’s combined ratio improved by 4.4 points in the second quarter to 88.4%.
