Commercial E&S
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WR Berkley has witnessed a surge in E&S submissions even as rates creep upward. -
California recorded a 34.1 percent jump in excess and surplus premiums written compared with the previous year.
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SVP Tom Jurgens told The Insurance Insider that he expects the book to grow at least 15 percent this year.
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Excess rates continue to rise after several carriers early last year pulled back from the class.
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The specialty carrier has escaped the worst of this year’s cat season relatively unscathed.
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The non-admitted market is expected to harden further.
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Nationwide E&S/Specialty has set the ambitious target which would represent a fourfold increase in its current involvement in the segment.
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Jeff Lynn joins from Everest Re to lead the new business segment.
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Amid growth, the E&S market showed a combined ratio of 104.5 percent for 2017, according to AM Best.
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The drugs and consumer goods giant must pay $572mn in damages, but is appealing the judgment.
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The two will report to David Perez, EVP and general manager of national insurance specialty.
