Our avg premiums have been cut in half. Lots of E&S underwriters are retiring because it just ain’t fun anymore. Sure do need a different window to look out of! Some contraction is good, however, I would prefer to see it on the carrier side rather than the agent/broker side. People start circling their wagons and eat their young. The consolidations are going to be painful for those brokers being merged.
CPE, your correct lots of E&S brokers are hurting these days. I use to be in the E&S biz, but left about two years go because I was tired of fighting over the same piece of business with the standard carriers over the same account. I miss the old days, but like the old song goes, times are a chaning. It will be interesting to watch who will be the next generation of power house E&S brokers will be.
Is this is a signal that Swett is as financially fragile as Colemont and Amwins were/are?
Our avg premiums have been cut in half. Lots of E&S underwriters are retiring because it just ain’t fun anymore. Sure do need a different window to look out of! Some contraction is good, however, I would prefer to see it on the carrier side rather than the agent/broker side. People start circling their wagons and eat their young. The consolidations are going to be painful for those brokers being merged.
CPE, your correct lots of E&S brokers are hurting these days. I use to be in the E&S biz, but left about two years go because I was tired of fighting over the same piece of business with the standard carriers over the same account. I miss the old days, but like the old song goes, times are a chaning. It will be interesting to watch who will be the next generation of power house E&S brokers will be.