Commercial E&S

The program, specifically for SMEs, covers a range of products within management and professional liability.

Kinsale Capital Group posted a combined ratio of 75.5% and an expense ratio of 21.4% for Q4 2021.

The executive said the business model in the high-net-worth space “simply needs to change” as loss costs have risen, fueled by increased frequency and severity.

Clay Rhoades, formerly US E&S president, is named the new insurer’s CEO and will continue to report to Hamilton Insurance CEO Pina Albo.

Benchmark Specialty was also given a long-term issuer credit rating of "a".

The protracted firming phase of the cycle continues, with E&S firmer than the admitted market.

The (re)insurer grew GWP by 19% to $8.5bn in 2021 and cut its reported combined ratio to 90%.

The Illinois office recorded the highest growth rate, with a 40% increase in 2021 on the year before.

The investment firm named industry veteran Nick Davies as the MGA’s CEO.

In December, SLTX reported nearly $830mn in surplus lines premium, representing a 15.3% year-on-year increase and marking the highest recorded December in the 33-year history of the non-profit Texan organization.

The two appointments follow a senior management revamp that Nationwide has executed at its E&S business in recent months.

The Omaha, Nebraska-headquartered insurer is seeing attractive opportunities in some segments of the E&S market, which it expects to harden further before leveling off.