Robert Sargent, the author of Specialty Insurance Blog, commented on opportunities in and challenges to the surplus lines insurance industry (see here) in a recent article by Property Casualty 360 (National Underwriter). Some comments:
- The long term challenges to the E&S industry come in three areas – regulatory, technology and people.
- The E&S insurance industry’s biggest opportunity is to continue to do what we do so well: meeting the complex and unique insurance needs of our clients with creativity and expertise.
- Increased employment litigation is driving many D&O and EPL accounts back to the E&S insurance market where there are a variety of competitive and customized alternatives.
Tennant Risk Services is a specialty E&S wholesale broker and underwriting manager, and delivers expertise, markets and exemplary services for its retail agent clients in the placement of professional liability insurance (E&O, D&O, EPL, Cyber).