Specialty Premium Growth Continues to Impress, but Are Cracks Forming in the Foundation?
Specialty premiums are expected to produce $180 billion and comprise ~20% of the P&C marketplace in 2023. Some have characterized the delegated authority segment as being in its Golden Age and the excess and surplus market is on fire experiencing both rate increases and a continued influx of policies. However, with foundational cracks starting to show, is this growth rate sustainable?
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