AT THE annual convention of the Independent Insurance Agents & Brokers of America, which was held in October in Orlando, Fla., a panel of insurance company chief executive officers presented their views on the likely state of the market in 2005, as well as on various legislative and regulatory issues. Taking part were Ramani Ayer, the Hartford; Bill Berkley, W.R. Berkley Corp.; Mike McGavick, Safeco Insurance Co., Greg Murphy, Selective Insurance Co.; and Ron Pressman, GE Insurance Solutions. Moderating the panel was IIABA’s own CEO, Robert Rusbuldt. Following is an edited transcript of some of their comments.

Robert Rusbuldt: Are we going to have a soft market in 2005, or will there be some sanity in the marketplace?

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