MSIG USA names Patrick Dougherty to lead surety

MSIG USA names Patrick Dougherty to lead surety

The rating and launch of the platform come as the US surplus lines market continues to be one of the fastest-growing parts of the property-casualty sector, driven by tightening appetite in admitted markets and elevated catastrophe, liability, and social inflation pressures. Brokers have increasingly turned to E&S carriers for complex property schedules, higher-hazard casualty business, and emerging risks where standard policy forms and rate structures are less suitable. An A+ rating gives MSIG Specialty Insurance America, Inc. a stronger footing to compete for this business, particularly when brokers need to balance flexibility of form with counterparty strength requirements from insureds, lenders, and regulators.

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