Excess & surplus lines companies have been a valuable resource for agents and brokers during the hard market. Even as market conditions soften, E&S insurers are likely to continue playing an important role for producers, as admitted carriers consolidate.
To get an idea of what lies ahead for the E&S marketplace, we contacted three of its most prominent participants: Kevin H. Kelley, CPCU, chairman and CEO of Lexington Insurance, the nation's largest E&S company; Michael A. Rozenberg, president and COO of Shand Morahan/Evanston Insurance Co., the nation's fifth largest E&S insurer; and Julian James Esq., director of the Worldwide Markets Division at Lloyd's, London. Following are their responses to a list of questions we submitted to them.
Q: What is your outlook for conditions in the E&S market over the next 12 months?
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