Watford targets E&S casualty

Watford Re's new US excess and surplus lines (E&S)
insurance platform will underwrite lines of business similar to
those it already targets on the reinsurance side, with a focus on
casualty on a programme basis.
News of the vehicle emerged last week after AM Best announced it
had granted New Jersey-based Watford Specialty Insurance Company
(WSIC) a financial strength rating of A- (excellent) and an issuer
credit rating of a-.
The start-up will operate on a similar basis to Watford...