Westfield
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ShoreOne is offering an all-in-one policy that includes flood protection. -
The change reflects an improvement in the carrier’s 2024 earnings to a sub-100% CoR.
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The move comes after Argo Pro announced it will exit professional lines.
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Around $155m of the businesses in-force gross premium will be transferred to Core Specialty.
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The company is also looking to fill a CUO position.
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The lineslip will focus on coverage for the energy transition space.
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The offering is an admitted product for SMBs and non-profits.
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The firm doubled its premiums in the past three years after launching in specialty.
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The executive has been with the firm for more than 20 years.
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The outlook for its financial strength rating was unchanged at stable.
