Markets

As catastrophes, social inflation and other challenges force admitted carriers to become more risk-adverse, the excess & surplus market is anticipated to grow.

The hard market is among the causes of the growth of the excess & surplus market, which had previously been considered a safety valve.

“People are always looking for better opportunities and the constant changes in underwriting guidelines,” says independent agent Rajan Nurnie. “An improvement I have seen is that it used to take up to two weeks to get a quote back, and now it takes just