DAILY
NE WS
DAILY
NE WS
ARGO
MONDAY
September 26, 2016
Forward thinking.
“They’re answering our second question before we finish our first question.
They’re always ahead of the game.”
—Darren Rowe, Client & Markets Director, A.J. Gallagher International
With “A” ratings from A.M. Best and Standard & Poor’s, Colony Specialty offers coverage for property,
liability, and auto-related exposures for hundreds of classes of business, in all sizes.
Learn more at www.argolimited.com/midyearreport2016
risks in today’s E&S marketplace
— and how the insurance indus-
try underwrites them — has creat-
ed more nuance in pricing trends.
“You have to think of the market
in terms of micro segments today,
because it doesn’t move in one
monolithic direction anymore,”
notes Matthew Power, executive
vice president and head of stra-
tegic development for Lexington
Insurance Co., a member of AIG.
Whether it’s a traditional soft
market or a more segmented one,
experts agree the E&S market-
place is not contracting, and they
point to a number of potential
reasons why: better non-admitted
E&S MARKET continued on page 5 A
E&S Market
Continues to Expand
While pricing remains competitive,
the Surplus Lines market thrives
on specialized expertise and
carefully considered coverage
BY PHIL GUSMAN
Competitive pricing con- tinues to characterize much of the Excess & Surplus Lines marketplace, but many professionals
within this space see a key distinction from soft market cycles of the
past. “The E&S property & casualty market remains very robust,”
says Tim Turner, chairman and
CEO of RT Specialty, pointing out
that the market has not contracted
the way it typically would when
rates drop and standard carrier
appetite increases.
Others question whether this
market can even be judged by the
traditional definitions of “soft”
and “hard,” noting that the myriad WELCOME continued on page 4 A
Welcome to NAPSLO
Welcome to Atlanta nd the 2016 NAPSLO Annual Convention. We’re
pleased to welcome nearly 4,000
registered attendees this year with
an exceptional lineup of networking, social and educational events
thanks to the great work of our
Convention Committee.
Attendees may pick up
registration packets beginning
Sunday evening and throughout
the week in the Atrium Foyer
on the Atrium Level of the
Marriott Marquis. The Annual
Convention opens Monday
morning. Programs are scheduled
throughout the meeting, begin-
ning with Opening Reception
on Monday night at the Hyatt
Regency Atlanta. NAPSLO’s Next
Dave Leonard Gil Hine
