InsurTech and innovation

Amwins/Conning: E&S market ripe for innovation despite regulatory barriers

The excess and surplus (E&S) lines market is fertile ground for innovation but regulatory obstacles must be overcome if it is to fulfill its potential, research firm Conning and wholesale intermediary Amwins have stated in a new report.

E&S insurtech Pathpoint launches restaurant offering

Pathpoint, an E&S technology platform, has launched a restaurant offering that gives agents access to non-admitted coverage solutions for restaurant owners.

Joyn adds Travelers’ Carmilani as senior E&S underwriter

SME-focused US insurtech Joyn Insurance has bolstered its E&S capabilities with the hire of Andrew Carmilani from Travelers to support the growth of the newly launched platform.

E&S insurtech Pathpoint raises $30mn

Digital wholesale distribution platform Pathpoint has raised $30mn in a Series A round led by Caffeinated Capital, with participation from repeat investors Chubb, Hiscox and other carriers along with SciFi VC and Founders Fund.

SiriusPoint targets path to improved rating: Sankaran

SiriusPoint chairman and CEO Sid Sankaran has welcomed the AM Best affirmation this week that resolved the ratings overhang on the two pre-merger companies and said that if the newly formed (re)insurer executes its strategy it should set itself on a trajectory towards an upgrade over time.

Insurtech broker Pathpoint launches cyber E&S capability

Digital E&S distributor Pathpoint has launched a new capability allowing independent retail agents to access numerous cyber quotes from multiple carriers through a single online application.

Insurtechs and E&S players among fastest growing US P&C insurers

An analysis by S&P Global Market Intelligence has revealed the fastest growing insurers that file statutory statements, with insurtechs Lemonade and Root and E&S players Ategrity and Trisura among the top ten.

Insurtech platform Bold Penguin partners with Markel for E&S coverage

Bold Penguin has announced a partnership with Markel Specialty to expand commercial offerings on the Bold Penguin Exchange to include excess and surplus (E&S) coverage.