E&O

Great American makes Canadian E&O market move

Great American Insurance Group has entered Canada’s primary and excess errors and omissions (E&O) sector as it looks to take advantage of improving conditions in the market.

Norman-Spencer launches real estate E&O program on The Hanover paper

CRC-owned program administrator and wholesale broker Norman-Spencer has created a risk purchasing group with The Hanover Insurance Group to offer cover for real estate errors and omissions risks.

Skyward Specialty adds cannabis coverage for D&O and E&O lines

Skyward Specialty is broadening its professional and management liability offerings for the fast-growing US legal cannabis market.

Axa XL promotes Takigawa to head of commercial E&O for the Americas

Axa XL has appointed Michael Takigawa to the newly created role of head of commercial errors and omissions for the Americas region.

Vantage adds Wall and launches financial lines and PL businesses

Vantage Group Holdings has launched new product offerings in financial lines and professional liability insurance with up to $15mn of excess capacity and unveiled the hiring of Richard Wall as head of US management liability.

Hudson signals financial and professional lines appetite with HudsonPro unit

US specialty insurer Hudson Insurance Group has signalled a willingness to put its capacity to work in areas of the professional lines market that have seen others pull back with the launch of a new unit called HudsonPro.

E&O/cyber pricing to rise 20-50% throughout 2021: Aon

Loss severity and frequency pushed many E&O/cyber insurers past a tipping point in 2020 with the majority set to seek rate increases greater than 30 percent through the second quarter of this year, Aon has said in a new report.

Crum & Forster bolsters eRisk team with Hiscox, Beazley hires

Crum & Forster has expanded its eRisk team with the hires of Hiscox’s Cassie Quaranta as an executive underwriter in the Northeast region and Beazley’s Vlad Borovskyi as an underwriter in the Southeast region.

Core Specialty names Jacobs head of E&O

Rebooted US insurer Core Specialty has taken Jeff Jacobs from Tokio Marine HCC to head up errors and omissions (E&O) professional liability as senior vice president.

Professional lines writers struggling to adjust to Covid challenges: AM Best

An AM Best survey of US professional liability insurers and brokers has revealed the variation in price increases across different segments and the expectation of a sizeable uplift in claims resulting from Covid-19.

Crum & Forster makes cyber/E&O hires from Beazley and Marsh

Fairfax subsidiary Crum & Forster has expanded its executive risk team with the hire of two cyber and errors and omissions (E&O) underwriters in the greater Atlanta area: Safeer Mohammed and Ross Perkins.

Covid-19 stiffens professional lines writers’ resolve even further

Brokers report that Covid-19 has added a further layer of stress for US professional lines, with underwriters preparing for losses and some accounts proving very tricky to place.

Broker E&O underwriters bracing for wave of Covid-19 claims

Broker E&O insurers including Swiss Re Corporate Solutions are facing a potential surge in claims from US retail agents and brokers sued by insureds alleging that they failed to properly advise about purchasing appropriate coverage for Covid-19 business interruption losses, The Insurer can reveal.

AIG’s financial lines reinsurance move highlights changing market

AIG’s proposed excess-of-loss covers for its $4bn financial lines book are expected in the market in the coming weeks after the insurer appeared to shelve plans for a quota share that sources said could have targeted a mid-30s cede commission, The Insurer understands.