Execs Remain Bullish on E&S Market
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Editor's Note
In exclusive interviews with Insurance Insider, three senior industry leaders say they expect the growth trajectory in Excess & Specialty to continue.
Pat Ryan, CEO, Chairman and Founder of Ryan Specialty, describes the market as “very opportunistic,” while Marc Adee, CEO of Crum & Forster says, “E&S has a lot of runway.”
On the broking side, Stone Point’s co-CEO Chuck Davis notes that wholesale brokers have expertise, hustle, and “controlling the customer is controlling the markets.”
The industry continues to grow by refining its focus. Facing increased existential pressures, small and mid-sized businesses are seeking more robust financial lines protection, says Mark Paccione, head of retail financial lines, lower middle markets, for AXIS.?
Companies are also hungry for intellectual property insurance, says Ian Lewis, Head of Intangible Assets for Arch Insurance International. About 80-90% of the global economy is based on intangible assets, he says.
And the original specialty market, Lloyd’s, has an ambitious plan to grow to $100 billion by 2025.
As always, thanks for watching, listening and reading,
Meg Green , Senior Editor,?Insurance Insider
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