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September 30, 2024 in Editors' Featured
E&S Market Set for Continued Growth as Standard Markets Shift
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With underwriting pressures pushing products out of the admitted side, the E&S market is positioned for sustained expansion as property rates cool and casualty business faces increased scrutiny. Watch this interview with John Jennings, CEO of Jencap, as he talks with Insurance Journal's Vice President of Content, Andrea Wells about the E&S market.
Main topics include:
- Sustained Market Growth: The E&S market has seen significant growth over the past four years and is expected to continue expanding as businesses move from admitted to non-admitted markets.
- Cooling Property Rates: While national and large accounts experienced significant property rate increases in recent years, the pace of these increases is now stabilizing, especially for middle markets.
- Casualty Business Under Scrutiny: Loss trends are drawing attention to the casualty business, with expectations of further rate increases and more movement from standard to E&S markets.
#ESMarket #InsuranceGrowth
