David Eslick
Chairman and CEO
Marsh & McLennan Agency LLC, a subsidiary of Marsh
For P&C carriers, there is no question that there is greater underwriting discipline and more focus on where they will provide capacity and why. There is also greater focus on managing the expense side of the business and determining what producer relationships are bringing them significant value.
Regarding the dynamic between captive writers and independent agents: We will see more and more captive writers pursue a relationship with independent insurance brokers. They are thinking about growth and the opportunity to expand their distribution platform.
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