National Underwriter's Guide to the E&S/Specialty Lines News


2010 Is Test Year For E&S Carrier Execs

2010 is the year for executives of excess and surplus lines insurance companies to make bets on the future, but long-term strategies won't sit well with short-term investors, experts said recently.

Investors in publicly traded E&S insurers will sell their shares if management teams present honest assessments of prospects for earnings growth under soft market conditions that most, but not all executives believe will persist in 2010.



Ex-Aon Chief Ryan Turns His Attention To Wholesale, MGA Businesses
Patrick Ryan, the former chief executive of Aon Corp., spoke to NU's E&S/Specialty Lines Extra last week, explaining why he has turned his attention to wholesale, MGA and brokerage service businesses with the creation of Ryan Specialty Group and the launch of Ryan Specialty (Europe) Ltd.

Insurance Players Face Major Risks, But Reap Big Rewards At Mega-Events
February 2010 has a lot to offer both sports fans and special-event insurers, featuring the year's biggest American sporting spectacle—the NFL's Super Bowl XLIV—and the Winter Olympics in Vancouver, Canada. For insurers, such mega-events—or even large but local events like outdoor music festivals—come with a wide range of risks, ranging from terrorism and security to more mundane exposures to cover, such as the halftime show and caterers.

NAPSLO Unveils New Format For Upcoming Mid-Year Meeting
Attendees to the mid-year conference of the National Association of Professional Surplus Lines Offices, Ltd. in Scottsdale next week will see a change in the meeting's format, with industry leaders and NAPSLO officers on hand to brainstorm out-of-box strategies for dealing with the current business, legislative and market challenges during two interactive sessions.

Aging Population Makes Eldercare Cover A Growing Niche, But Market Gets Softer
The insurance market for social service facilities on both ends of the age spectrum is experiencing the same soft market conditions already dominating most lines of commercial coverage. Indeed, the growth in the eldercare sector in particular is drawing so much underwriter attention that the likelihood of a pricing turnaround anytime soon appears slim.

Soft Market For Agent/Broker E&O Cover Doesn't Mean Producers Can Ignore Risks
At a time when agents and brokers experience premium price breaks similar to those they quote to customers involved in other professions, they still need to be mindful of an obstacle course of potential exposures—some arising from a poor economy, such as an uptick in fraudulent claims, and others related to the electronic transmission of application information.

Coming Up Next Month
In March, National Underwriter magazine and NU's E&S Extra e-newsletters will feature coverage of sessions of the D&O Symposium of the Professional Liability Underwriting Society, interviews with E&S broker and insurer executives attending the Mid-Year Leadership Forum of National Association of Professional Surplus Lines Offices, Ltd., and a special report on the employment practices liability insurance market.

Subscribe | Advertise | Contact Us | Home
The National Underwriter Company | 5081 Olympic Boulevard | Erlanger, KY 41018 | 1-800-543-0874

You have received this email at %%emailaddr%%.
Click here to unsubscribe from this email list
To view or change your email subscription preferences, click here.
© 2010 Summit Business Media, All rights reserved. Privacy Policy