The Takeaway The surplus lines industry is poised for growth, and clients should be poised for change.
“I remain very optimistic about the future of our industry. It’s an industry that has succeeded long term and one that will succeed for many years to come around value creation, around creativity and around execution.”
David Obenauer, Crump
Though the market remains soft and competitive, things are starting to change. Lexington is urging clients to be prepared for change and to start preparing far in advance of renewals. Meeting several months ahead of renewal ensures clients understand the insurer’s views about the risk.
Copyright © 2012 by A.M. Best Company, Inc. All rights reserved. No part of this report may be reproduced, stored in a retrieval system or transmitted in any form or by any means; electronic, mechanical, photocopying, recording or otherwise.
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