In spite of the impact of an economic recession and the unraveling of one major competitor, the property-casualty insurance business–and the specialty insurance market, in particular–remain strong, according a specialty carrier executive.
The overall capital position of the p-c industry has declined 25 percent at most, said Jonathan Michael, president and chief executive of Peoria, Ill.-based RLI, giving his own estimate in view of recent analysts' reports of around 20 percent.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
