Specialty
Ategrity Specialty Seeks $113.3M in IPO
Ategrity Specialty Insurance Company Holdings announced today the pricing of its expected initial public offering of 6,666,667 shares of common stock at a public offering price of $17.00 per share. ...
Samsung Fire & Marine Insurance Increases Stake in Lloyd’s Insurer Canopius
Canopius Group, the London-based specialty and property/casualty insurer and reinsurer, announced that Samsung Fire & Marine Insurance (SFMI) has entered into an agreement to purchase an ...
Industry Vets Bonneau and Bredahl Lead ‘Novel’ HoldCo.; Supports MGU Biz
The former chief executives of Partner Re and Howden Tiger are joining two other industry veterans to form a company, which they describe as "an independent holding company that oversees carriers ...
P/C Market Challenges Fuel Surplus Lines Opportunities: AM Best
The U.S. surplus lines market notched double-digit year-over-year (YoY) premium growth from 2018-2023, as wholesale brokers tapped this market with greater frequency to explore coverage solutions for ...
‘Can’t Cut to Greatness’: Wilson Lays Out Simple Strategy for Markel E&S
"You can't cut yourself to greatness." Simon Wilson, chief executive officer of Markel Insurance, made the simple statement at a Markel Group Brunch meeting for investors in Omaha on May 4 to convey ...
CRC Group Acquires ARC in E&S Deal
Independent insurance wholesaler CRC Group said it has acquired specialty wholesale distributor ARC Excess & Surplus. Terms were not disclosed. ARC was founded in 1986 by Chris Cavallaro as a ...
Increased Writings in Homeowners Adds to U.S. Surplus Lines Growth
Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute to growth for nonadmitted insurers. According to a report from AM Best, surplus ...
AIG: Turning One Human Underwriter Into Five, ‘Turbocharging’ E&S
Some property/casualty insurers talk about experimenting with artificial intelligence to automate call center responses and back-office operations. But that's not the road to turbocharging growth ...