Admiral exits E&S property

WR Berkley subsidiary Admiral Insurance Group has pulled out of
the excess and surplus lines (E&S) property market,
The Insurance Insider can reveal.
Although the carrier had written E&S property for many
years, it had been viewed as a "niche business" alongside
its main focus on casualty and professional liability lines,
according to a market memo seen by this publication.
"While this strategy served us well for a very long time,
the property market has undergone many fundamental change