Commercial E&S
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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
The new funding brings the total Ategrity has received from Zimmer since 2018 to $300mn.
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As demand for coverage across a growing number of evolving risks grew, surplus lines premium reached a record $82.7bn last year.
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Odyssey Group’s cyber chief Robert O’Connell is looking to raise up to $1bn of capital for a monoline cyber reinsurer.
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CEO Mike Kehoe said his company’s results stem from a combination of higher insurance rates and rapid premium growth.
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Year to date, premiums written topped $5.6bn, increasing 22.4% from the first half of last year, according to SLTX data.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Data compiled by the WSIA shows surplus premium line growth driven by over 9% increase in transaction volume.
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Guy Harris, Jason Rockel and Matt Madar are the latest additions to the rapidly expanding organization.
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The ratings agency’s decision follows the delay of the insurer’s year-end 2021 audit.
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Free of past legacy issues, new E&S casualty insurers are putting forward aggressive pricing to win away clients from incumbents.
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Mills was previously president of E&S at The Hanover Insurance Group.
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