E&S News
‘Westchester’ is ACE/Chubb’s Combined North America E&S Wholesale Business
ACE Limited, mapping out logistics of its planned $28 billion Chubb acquisition, will combine several divisions from both companies into a new North America excess and surplus lines wholesale ...
Surplus Lines Posts Record-Breaking Year for 2014
The surplus lines industry broke records in 2014, growing direct premium written in 2014 to $40.2 billion—the highest point in history, reports A.M. Best's "2014 Special Report U.S. Surplus ...
ACE Group Expands E&O Endorsement for Nontraditional Medical Risks
ACE Westchester, the excess and surplus lines business of ACE Group, has announced a new errors and omissions endorsement designed to help medical organizations manage nontraditional risk exposures. ...
Berkshire, Ironshore in E&S Top 10; XL Catlin May be Next: SNL Data Analysis
Berkshire Hathaway and Ironshore were among the top 10 writers of U.S. excess and surplus lines business in 2014, according to data compiled by SNL Financial. XL Group and Catlin Group haven't made ...
XL Group Tags Four for Scottsdale E&S Launch
XL Group has launched a regional underwriting operation in Scottsdale, Ariz., the carrier announced last week, saying that it would be staffed by four former underwriters of Scottsdale Insurance— ...
Validus Buying Western World for Nearly $700M
Validus Holdings announced Monday that it signed a definitive agreement to acquire Western World Insurance Group for nearly $700 million, in a deal that leaves the management team and brand of the ...
Fastest Growing E&S Carriers in Top 30 Revealed: Fitch Report
In a year-end report on the U.S. excess and surplus lines market, data compiled by Fitch Ratings revealed that the top growing E&S writers in recent years were not necessarily the biggest. The ...
Capacity Keeping E&S Market Competitive; Berkshire Impact Yet to Materialize: Fitch
Growing capacity will limit rate hikes and promote persistent competition in the excess and surplus lines market, Fitch Ratings said in a report earlier this week. The U.S. E&S market, which ...