Wow. Actually pretty impressive to see someone so high up try to use economics and make themselves look so dumb in such a short piece. Just assuming the market can respond instantly, or even rapidly, among other comical errors. Stay on the data-selling game, leech. HoW aRe YoU sPeCiAlTy iF yOU aReNt a MoNoPoLy?
A statement with no facts. What kind of article is this? E&S companies are losers, however we are not going to provide any details or numbers to back up this statement.
The specialty companies that don’t make it are those who focus totally on growth and market share. Those who maintain underwriting integrity through up and down markets and keep themselves as niche players succeed. Big ego CEO’s have a difficult time maintaining that discipline. The discipline you want to avoid is being the biggest. Focus on making money and you can do it.
IJ made themselves look foolish publishing this uninformed person’s opinion on a topic he clearly doesn’t understand. Maybe IJ should read their OWN PRIOR articles, where they are getting actual data from far more connected and knowledgeable sources. Like this one. https://www.insurancejournal.com/magazines/mag-features/2019/10/07/544541.htm
Wow. Actually pretty impressive to see someone so high up try to use economics and make themselves look so dumb in such a short piece. Just assuming the market can respond instantly, or even rapidly, among other comical errors. Stay on the data-selling game, leech. HoW aRe YoU sPeCiAlTy iF yOU aReNt a MoNoPoLy?
Look at the Berkley Companies and tell me specialty isn’t profitable.
I work for one of the Berkley companies and wholeheartedly agree.
Or Scottsdale Insurance Company
Would love to hear WSIA’s response…
A statement with no facts. What kind of article is this? E&S companies are losers, however we are not going to provide any details or numbers to back up this statement.
The specialty companies that don’t make it are those who focus totally on growth and market share. Those who maintain underwriting integrity through up and down markets and keep themselves as niche players succeed. Big ego CEO’s have a difficult time maintaining that discipline. The discipline you want to avoid is being the biggest. Focus on making money and you can do it.
IJ made themselves look foolish publishing this uninformed person’s opinion on a topic he clearly doesn’t understand. Maybe IJ should read their OWN PRIOR articles, where they are getting actual data from far more connected and knowledgeable sources. Like this one. https://www.insurancejournal.com/magazines/mag-features/2019/10/07/544541.htm
Thanks to Dave and Nancy for their comments.
Another non-insurance article posted on Non-insurance journal….imagine that.