Keyword
excess and surplus
Combined ratio 100% in Q1 for Markel
May 2, 2017 by Canadian UnderwriterCommercial insurance writer Markel Corp. reported a combined ratio of 100% in the three months ending March 31, a 12-point deterioration from its combined ratio of 88% during the first quarter of last year. Glen Allen, Virginia-based Markel released April…
Liberty Mutual announces acquisition of Ironshore Inc. from Fosun International Limited
December 5, 2016 by Canadian UnderwriterBoston-based Liberty Mutual Insurance announced on Monday that it has signed a definitive agreement to acquire Ironshore Inc., a global specialty lines company, from Fosun International Limited. The transaction is expected to close in the first half of 2017, pending…
U.S. excess and surplus underwriters likely to outperform P&C industry: Fitch
September 26, 2016 by Canadian UnderwriterExcess and surplus (E&S) underwriters in the United States will likely outperform standard market underwriters in 2017 even if underwriting profitability weakens next year, according to Fitch Ratings’ latest U.S. Excess and Surplus Lines Market Review report. E&S underwriters outperformed…
Excess & surplus property insurers ‘may be first’ to enter U.S. flood market if proposed reforms passed into law: S&P
June 16, 2016 by Canadian UnderwriterWith the United States National Flood Insurance Program scheduled to expire in September, 2017 and the House of Representatives unanimously approving a bill intended to give consumers more choice in buying flood insurance, the market for flood coverage “may end…