The Golden Age of E&S
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Editor's Note
As 8,200 insurance industry execs gathered in San Diego for the annual WSIA Marketplace conference, the focus of many in attendance was the expected continued growth in the market.
With a record one in four commercial insurance premium dollars now stemming from the E&S space, insurance leaders credited the market’s creativity and innovation – and the impact of MGAs – for fostering that growth.
Everest launched Everest Evolution to focus on this “very dynamic and growing E&S market,” said Stephen Buonpane, President of Everest Evolution.
John Burkhart, President of Specialty Lines, Skyward Specialty Insurance, says the “true” E&S market – the most challenging to place risks – remains robust, with submissions up 125% the last two years.
New programs and growth opportunities are top of mind for Matt Grossberg, CEO of ISC; Jason Conkin, EVP of Arch’s E&S Casualty Group; and Rick Grimes, National Wholesale Practice Leader at One80 Intermediaries.?
The innovation in the market makes it well suited to craft insurance solutions for complicated risks, as evidenced by Lucy Pilko, CEO of the Americas at AXA XL, who discusses cyber; Blair Bartlett, VP of Financial Institutions for Crum & Forster, who discusses FinTech; and Tom Nasso, CUO for Falvey, who focuses on the rapidly evolving logistics sector.
M&A remains a hot topic, and Arch Insurance EVP Sue Srinivasan discusses integrating its recent acquisition of Fireman's Fund's U.S. MidCorp and Entertainment insurance businesses from Allianz.
We’ll have more coverage to share in a special edition of Insider On Air next week, including an insightful panel discussion, please see a preview here. So stay tuned!
As always, thanks for watching, listening and reading!
Meg Green, Senior Editor - Multimedia, Insurance Insider
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