Commercial E&S
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The average for October was roughly half of that for September. -
Management is showcasing its ambition, but it’s also dialing up risk.
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Sources said the E&S insurer is seeking to draw a line and trade forward as an independent business.
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Westhoff will also spearhead the launch of QBE’s E&S property offering.
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The agreement will bolster Asic’s surplus and expand underwriting capacity.
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A large number of new entrants and the growth of litigation finance challenge E&S enthusiasm.
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Attendees concurred that they don’t expect the “Golden Age of E&S” to end anytime soon.
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Admitted markets are not coming back to property as strongly as in past cycles, the executive said.
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In Q2, median property price increases decelerated to 2.3%.
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The carrier’s initial casualty offering will be wholesale-only, the executive said.
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Coverage options will extend up to $5mn.
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