Commercial E&S
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The non-admitted market is expected to harden further.
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Nationwide E&S/Specialty has set the ambitious target which would represent a fourfold increase in its current involvement in the segment.
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Jeff Lynn joins from Everest Re to lead the new business segment.
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Amid growth, the E&S market showed a combined ratio of 104.5 percent for 2017, according to AM Best.
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The drugs and consumer goods giant must pay $572mn in damages, but is appealing the judgment. -
The two will report to David Perez, EVP and general manager of national insurance specialty.
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California premiums increased by 18.2 percent in the first half of the year to $4.3bn.
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The carrier's core earnings rose by 17.7 percent year over year to $1.33 per share in Q2 2019.
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Axis made “substantial” reductions to property exposures that caused the segment’s gross written premium to decline by 25 percent.
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The executive said certain excess and surplus (E&S) business – including property -- is flowing back to the US from Lloyd’s and other markets.
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Excess and surplus casualty submission are up 5 percent year on year, COO Craig Kliethermes said.
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The Citibank-run sale process attracted interest from The Hanover.
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