Commercial E&S

The new entity will expand its operations into the specialty commercial auto space, with a workforce of around 600 employees and over $1.1bn in equity capital.

The move is the latest in a flurry of steps Trean has taken to expand its presence in the white-hot programs market, and among a wave of fronting carriers that have entered the sector in recent years.

The new launch was also given a long-term issuer credit rating of a-.

Throughout the year, Inside P&C spoke to prominent voices from all corners of the insurance industry, here are some highlights.

The two executives will be based in the carrier’s Richmond, Virginia offices reporting to US E&S president Clay Rhoades.

New E&S carrier Concert Specialty Insurance Company will operate under the Concert umbrella.

Inside P&C’s news team runs you quickly through the key developments from the last week.

The executive appointments are the latest in a series of recent staff changes at the carrier.

Inside P&C’S news team runs you quickly through the key developments from the last week.

Sources have said the carrier is looking establish a unit with its own P&L, intended on establishing a clear dividing line between the wholesale and retail businesses.

With the commercial auto noise behind it, the firm is set to benefit from E&S tailwinds, but casualty re remains a concern and new management will need to bed in.

The mutual has written about $50mn in premium in a little over two months, while working with four distribution partners in targeting risks with around $10mn in TIV.