Nationwide E&S pulls back from NY construction

Nationwide's excess and surplus lines (E&S) operation
has exited the brokered New York construction market amid continued
challenging underwriting conditions in the segment, The
Insurance Insider can reveal.
The E&S giant took the decision to write no new business
with New York construction exposure from 15 April, with policies
expiring on or after 1 June 2018 to be non-renewed.
Sources described the carrier as a leading player in the market,
with a book of business thought to exceed $10