Growing its program count by 100 percent may seem like an aggressive goal, but having signed onto only three programs to date, one carrier's real ambition is to be an enduring market, an executive there says.
Ted Nienburg, vice president of casualty programs for Liberty Insurance Underwriters in New York, a division of Boston-based Liberty Mutual, described some of the strategies of LIU's three-year-old program division last month during the midyear educational conference of the National Association of Professional Surplus Lines Offices Ltd., held in Scottsdale.
"LIU is committed to this. We're expanding [where we can], realizing it's a soft market. But we're not going to be a flash-in-the-pan program writer. We're going to do it gradually over time, focusing on profit," Mr. Nienburg said.
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