Velocity gathers pace in E&S space with $300mn property line

Nephila's Velocity Risk Underwriters is making inroads into the
excess and surplus lines (E&S) property insurance space as it
looks to build its cat-focused book of business.
The managing general agency (MGA) began underwriting at the
start of the year and is now offering up to $300mn of limit per
account through wholesaler AmWINS.
It is able to write accounts with up to $1bn total insured
value, participating on a whole account or co-participation basis,
as well as offering primary,...