Commercial E&S
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The 2025 State of the Market report also touched on E&S and MGA growth. -
The group posted a 15.1% gain for October and 27.4% for September.
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This would allow the former Truist Insurance to place binders on its MGAs itself and open other growth opportunities in EC3.
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Enstar and Gallatin’s move into the common equity is a bull sign, but it will take years to know if the ADC will hold.
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James River also amended the convertible preferred equity held by Gallatin Point and closed its strategic review.
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Casualty submissions rose over 70% while property increased over 20% YoY in Q3.
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The average for October was roughly half of that for September.
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Management is showcasing its ambition, but it’s also dialing up risk.
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Sources said the E&S insurer is seeking to draw a line and trade forward as an independent business.
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Westhoff will also spearhead the launch of QBE’s E&S property offering.
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The agreement will bolster Asic’s surplus and expand underwriting capacity.
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Related
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‘We’re a new company’: AIG CEO Zaffino
March 31, 2025 -
The next phase for MGAs: The push for yield
March 28, 2025