Commercial E&S
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SVP Tom Jurgens told The Insurance Insider that he expects the book to grow at least 15 percent this year. -
Excess rates continue to rise after several carriers early last year pulled back from the class.
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Kinsale reported 41% growth in GWP to $98mn.
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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.
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California premiums increased by 18.2 percent in the first half of the year to $4.3bn.
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The carrier's core earnings rose by 17.7 percent year over year to $1.33 per share in Q2 2019.
