NU Online News Service, Oct. 13, 1:10 p.m. EDT
SAN DIEGO—While property and casualty pricing seems to be flattening and even improving in some lines, excess and surplus-lines professionals say they are hesitant to declare a market turn due in part to the ongoing heavy presence of standard-lines carriers in traditional E&S business.
In an interview here at the National Association of Professional Surplus Lines Offices annual conference, Judy Patterson, a property underwriter at specialty-insurer Beazley says that for the market to turn business needs to come back to E&S carriers, and standard insurers have to start pulling back.
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