Excess casualty

Great American promotes Gambrell to division president of excess liability

Great American Insurance Group has promoted Todd Gambrell to divisional president, excess liability, succeeding John Bracca in the role.

Bowhead’s Sills: Excess casualty conditions “favourable”, PL “undisciplined”

Bowhead Specialty’s CEO has commented that the casualty market is “resilient” but conditions are more “nuanced” for its healthcare liability and professional liability divisions.

RenRe scrutinising cedant action on portfolio exposure and rate after year-long US casualty study

RenaissanceRe has communicated to brokers on its US excess casualty reinsurance book that it needs to see data-based evidence of cedants’ actions to address underlying portfolio exposure and suggested significant rate increases may be needed where loss cost trends outpace pricing, The Insurer can reveal.

RPS: Elevated loss costs driving middle-market casualty business to E&S

Casualty business continues to make its way into the E&S market as standard carriers respond to elevated loss costs and shed middle market accounts as they seek to improve their profitability and reduce their combined ratios, according to Risk Placement Services’ Russ Stein.

Robusto: CNA targeting further commercial auto and excess casualty rate rises

While CNA is confident rate rises in commercial auto and excess casualty – two of its segments most unfavourably impacted by social inflation – ensure it remains ahead of the rising loss costs it is faced with, CEO Dino Robusto believes further increases are needed.

WTW: Two-tiered US casualty market remains as broad price rises continue

The two-tiered US casualty market that emerged in 2023 has not gone away, with “modest” price rises for primary general liability (GL) coverage but greater increases in the umbrella and excess sectors as loss trends continue to outpace rate in most business lines, according to WTW.

CEO D’Orazio: James River’s 7% drop in Q1 E&S GWP driven by commercial auto non-renewals

James River CEO Frank D’Orazio has explained that his firm’s 7 percent drop in E&S premiums in Q1 was the result of non-renewals of excess casualty accounts with a heavy commercial auto component, with the executive also highlighting “strong rate increases” and record submissions.

CinFin confident in casualty pricing “across the spectrum”

Cincinnati Financial remains confident in its general liability and excess/umbrella casualty pricing as the company looks to manage the impact of inflation on its potential loss costs.

Kenahan-led casualty MGA First Specialty XS set for 1.4 launch on MS Transverse paper

Pat Kenahan’s new casualty MGA First Specialty XS is set to begin underwriting risks incepting 1 April with United Risk among its backers, after securing paper from MS Transverse supported by a panel of blue-chip reinsurers, Program Manager understands.

Ascot bolsters US excess casualty team with four leadership appointments

Ascot Group has added four vice presidents to its US excess casualty team with hires from Great American, Nationwide, Chubb and Liberty Mutual, The Insurer can reveal.

CRC’s Pro-Praxis secures A rated capacity for new HELP program

Healthcare-focused MGA Pro-Praxis Insurance has secured capacity from an AM Best A rated carrier to underwrite a book of excess professional liability business.

Axis continues wholesale buildout with Navigators’ casualty specialist Tan

Axis Capital’s recent spate of senior insurance hires has continued with the arrival of Anna Tan from The Hartford’s Navigators to lead its wholesale casualty business.

Canopius enters US excess casualty with DiBattista hire

Canopius has announced its entry into the US domestic excess casualty market as part of a drive to expand its US footprint.

ISC’s Northeast National ups petroleum distribution excess program limits to $10mn

Integrated Specialty Coverages’ Northeast National Brokerage (NNB) has increased the limits offered by its petroleum distribution excess program to $10mn.

Hamilton Select adds to excess casualty roster with N2G’s Tague

Hamilton Insurance Group’s US E&S-focused platform Hamilton Select has added Daniel Tague to its ranks as senior vice president, excess casualty, with the new hire joining from N2G Worldwide Insurance Services.

Ledgebrook makes excess casualty and PL plays with Kessler and Lassiter hires

Ledgebrook has hired Nicole Kessler from Core Specialty to head up its excess casualty business while James Lassiter has joined from RSUI Group to lead the E&S-focused insurtech MGA’s professional liability operation.

WRB’s Admiral forms new Lineberger-led excess casualty unit

WR Berkley’s E&S focused Admiral Insurance Group has formed a new excess casualty unit led by recent recruit Brian Lineberger who joined the business from RSUI Group earlier this year.

Tuckerman unveils trio of new Lloyd’s capacity-backed PL programs

Tuckerman Underwriting has brought three new Lloyd’s capacity-backed professional liability (PL)-focused surplus lines programs to market, with the coverages including an excess offering, and products targeted at architects and engineers (A&E), along with small insurance agents and brokers.

Golden Bear hires ex-Nationwide exec Jurgens for senior casualty role

Golden Bear Insurance Company has recruited industry veteran Tom Jurgens as senior vice president of casualty, a role in which the former Nationwide E&S and Scottsdale Insurance executive will oversee underwriting in the California-based carrier’s primary and excess casualty divisions.

Aon launches new $50mn London LiFT construction facility led by Lex London

Aon has launched a new $50mn excess casualty facility covering US-based construction project risks with lead capacity from Lex London unit supported by Ascot-led surplus lines markets, The Insurer can reveal.

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