What’s new with this story? This business is cyclical and when the standards pull their horns in, E&S does well. When it is soft, the standards do better. Both markets are necessary, but I prefer standard markets since coverage offered is better and admitted with no policy fees and taxes.
Yes, but we are going to see standards combined ratio’s begin to climb as they take bad risks or complicated risks from E&S and discount the rates and premiums. The business never changes no matter what technology exists.
What’s new with this story? This business is cyclical and when the standards pull their horns in, E&S does well. When it is soft, the standards do better. Both markets are necessary, but I prefer standard markets since coverage offered is better and admitted with no policy fees and taxes.
Yes, but we are going to see standards combined ratio’s begin to climb as they take bad risks or complicated risks from E&S and discount the rates and premiums. The business never changes no matter what technology exists.