Commercial E&S

The Brown & Brown CEO noted that property cat remains "the most challenging" line, while workers' comp decreases have continued to slow.

With record attendance, the conference was a reflection of how much the MGA space has grown and continues to grow.

Parent Cowbell Cyber launched the E&S carrier a little over a year ago as part of Cowbell’s transition from an MGA to a full-stack insurance carrier.

The broker’s “State of the Market: Real Estate” report says little change is expected in the property insurance marketplace for the rest of the year, but talk of more moderate rate increases in 2024 is “gaining momentum” specific to loss-free, properly valued and attractive accounts.

Carlton Maner is stepping down after having served at AXIS for almost 22 years.

The executive will lead a new specialty business line focused on global credit and political risk.

The rating reflects “the entity’s role and strategic importance to Beazley as an excess and surplus writer in the United States”, AM Best said.

A 19-year veteran of the insurance industry, he has held executive positions in finance, operations and underwriting within property and casualty lines of business.

An RPS report cites a drop in demand from Covid highs, along with increasing competition among carriers and near-record capacity as among the challenges currently facing transportation insurers.

Inside P&C explores topics that will likely be addressed at the Target Markets 2023 annual conference.

Inside P&C’s news team brings you all the top news from the week.

Broker consolidation, angst about loss trends in long-tail lines and the confidence of the E&S market were key themes in Colorado Springs.