Commercial E&S
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Oliphant was CUO of Velocity Risk Underwriters, an underwriting arm of Markel-owned Nephila.
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“We’re going to continue to see the push for higher attachments,” said Zurich’s head of wholesale excess casualty. -
Ward is replacing John Stenhouse who has retired after two decades at the specialty insurer.
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The MGA will write recreational marine, marine equipment, and workers’ comp insurance on behalf of the carrier.
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Arizona-domiciled Palomar Excess Surplus Insurance Company started life last month.
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RLI’s combined ratio improved by 4.4 points in the second quarter to 88.4%.
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The market hones its US focus on reinsurance and surplus lines.
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The specialty carrier is raising fresh funds to capitalize on the surging E&S market.
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Capacity withdrawals force risk managers of large corporates to buy less cover to manage costs.
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SkyKnight Capital, Dragoneer Investment Group and Aquiline Capital Partners have led the investment.
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Enstar will remain a minority investor, with PE capital also drawn from Dragoneer and SkyKnight.
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The insurer wrote an excess casualty policy for the ride-share company in 2014.
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