The softness of the current insurance market has impacted everyone. One specific way in which it has impacted the E&S market is that admitted carriers (to increase premium intake) have underwritten risks that usually reverted to the E&S market. Some professionals believe that the worm is about to turn as the admitted carriers flee the newly written risks because of bad loss ratios — http://www.insurancejournal.com/news/national/2011/02/10/184165.htm. The question is — when? And to that question, no-one knows the answer.
For more information about this post, please contact Bob Cosgrove at email@example.com.