E&S/Specialty

Marsh provides further evidence that insurance pricing may be moderating in a benchmarking report that says property rates are experiencing an increase in the third quarter, while other lines decline at a slower pace.

In a further sign of support for a compromise proposal to implement the federal surplus-lines reform and modernization law, several appointees to the SLIMPACT governing body have selected Kentucky Commissioner Sharon Clark as interim chair of the SLIMPACT commission.

Validus Holdings says it has started to contact shareholders of Transatlantic Holdings by mail to urge them to vote against Transatlantics merger agreement with Allied World Assurance Co. Holdings.

Mortgage insurer The PMI Group Inc. has fallen below the New York Stock Exchanges listing requirement of $1 per share for 30 days.

Torus says it has reached an agreement with Montpelier Reinsurance Ltd., to sell the renewal rights of its property catastrophe reinsurance book of business with immediate effect.

Century Surety President Christopher Timm provides an E&S carrier executive perspective on the property insurance market, revealing that a remarkable period of natural disasters has had less direct impact on the U.S. surplus lines insurance marketplace than on admitted carriers. But pressures from global reinsurers could fuel capacity challenges and...