E&S

HSB unveils E&S cyber cover targeted at firms with under $1bn in revenues

HSB has brought a new E&S cyber coverage to market targeted at commercial clients with revenue of up to $2bn that have specialist needs that require comprehensive coverage.

AM Best: E&S carriers’ share of US cyber market increases to 59.2%

Surplus lines insurers continue to provide the majority of cyber coverage in the US, increasing their share to 59.2 percent in 2023 while producing a better loss ratio than the admitted market, according to AM Best.

AM Best: US cyber growth stalled in ’23 while E&S writers expanded premium share

US cyber premiums were essentially flat in 2023 despite an increase in the number of policies, data from AM Best has shown, while surplus lines carriers continued to increase their market share over admitted carriers.

Upland adds Indigo and Validus staff to spearhead PL E&O and excess cyber moves

Upland Capital Group has hired a Kate Walas-led team from Indigo Specialty Underwriters to spearhead the E&S carrier’s entry into the professional liability E&O sector and also recruited a pair of Validus Specialty staff to lead its push into the excess cyber liability segment.

The Insurer TV’s Year in Review Part 2: Casualty, cyber and an insurtech roller coaster

Our year in review with The Insurer’s editorial team continues, with our latest episode featuring our North America editorial team – David Bull, James Thaler, Christopher Munro and Michael Loney.

RT Connector readies to add cyber and commercial auto to platform

RT Connector - RT Specialty’s digital marketplace for micro commercial business – is adding further offerings to its product suite with the platform poised to launch cyber liability and commercial auto coverages in the next few months.

Insurtech At-Bay begins issuing policies on its own E&S paper

San Francisco-based cyber insurtech At-Bay has become operational as a full-stack E&S carrier having started to issue policies on its own paper as of this week.

Amwins set for PL product rollout on digital portal as cyber gains traction

Amwins is ramping up its SME Professional Lines Portal after gaining significant traction with a cyber offering that is supported by 11 carriers and MGAs and provides a seamless digital quote-to-bind service for its retailers allowing price comparisons between the markets in minutes, E&S Insurer can reveal.

Q1 results commentary suggests E&S market remains “very strong”

First quarter results gave mixed signals about sequential quarterly wholesale organic growth momentum for those brokers that provide figures, but executives remained bullish on the sector in their commentary.

Cyber insurtech At-Bay’s new E&S carrier gets A- AM Best rating

AM Best has assigned a financial strength rating of A- and a long-term issuer credit rating of “a-” to At-Bay Specialty Insurance Company, which was acquired by cyber insurtech At-Bay so it could transition to a full-stack carrier.

CRC REDY: E&S property pricing rehardens in November and December

Anecdotal evidence of a meaningful acceleration in E&S property pricing increases through the last couple of months of 2022 has been proven out in the latest REDY Index data from broker CRC Group, with the firm warning adjustments to terms and conditions and pricing should accelerate through 2023.