Investors must weigh a differentiated investment strategy and true specialty opportunity against partial third-party investment control and historical losses.

Strong pricing and stable loss costs yield solid results for the early reporters, but social inflation could turn the tables during the course of this earnings season.

Pennsylvania Lumbermens Mutual expects to face higher rates and tighter terms and conditions at the upcoming January 1 reinsurance renewals.

AM Best recorded 2022 US E&S direct written premium at just under $100bn in another year of strong growth.

“They’re playing Moneyball,” Petrelli told attendees during the Inside P&C conference in New York, decrying the increasingly sophisticated ability of law firms to attract clients and parse effective litigation strategies.

A summary of commentary from the first day of Inside P&C New York, with insights on capital raising, E&S and reinsurance expectations.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Cyber is another market Axis is watching closely, given new MGA entrants as well as the recent rise of ransomware activity, with the carrier expecting more “undulation” as a result.

Panelists at Inside P&C New York highlighted the changing role of MGAs, as legacy carriers pull back from cat-prone areas to combat growing losses from hurricanes, SCS and other secondary perils, such as wildfires.

Executives on the morning panel at the Inside P&C conference discussed current market cycles, return on capital, E&S growth, and Vesttoo.

Besides Vesttoo’s downfall, other hot topics during this year’s WSIA were talent, competition in the E&S sector and commercial auto.

In addition to price, E&S insurers need to pay close attention to terms and conditions, as well as quality of risk.