Commercial E&S
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Overall, the “Golden Age” of E&S continues, but with a few new caveats, such as moderation in property pricing. -
Shawn Parker takes up Gatt’s previous role as COO of Westchester Programs.
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Florida is a state where the company is seeing more capacity in the market, especially admitted availability.
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Rate inadequacy and inflationary pressures represent significant headwinds, however.
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The 2025 State of the Market report also touched on E&S and MGA growth.
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The group posted a 15.1% gain for October and 27.4% for September.
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This would allow the former Truist Insurance to place binders on its MGAs itself and open other growth opportunities in EC3.
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Enstar and Gallatin’s move into the common equity is a bull sign, but it will take years to know if the ADC will hold.
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James River also amended the convertible preferred equity held by Gallatin Point and closed its strategic review.
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Casualty submissions rose over 70% while property increased over 20% YoY in Q3.
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The average for October was roughly half of that for September.
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Management is showcasing its ambition, but it’s also dialing up risk.
Related
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H1 surplus lines premiums up 13.2% to $46bn: WSIA
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