Despite the best of intentions and efforts of risk capital providers and program administrators, the reality is that change is inevitable.
It may be a case where the risk capital provider initiates the change due to a corporate shift in strategic direction or a decision to exit the class or program business altogether.
Alternatively, the program administrator may seek to end the relationship anticipating a shift in market conditions, underwriting or marketing restraints, or materially better terms of trade offered by a new risk capital provider.
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