Since 2004 Michael Miller has been president of Scottsdale Insurance, a leading E&S underwriter. Miller has 35 years of insurance-industry experience, with 26 of those years spent with Nationwide, Scottsdale's parent company. Here he talks about the current market cycle, lines Scottsdale is targeting for growth, and why E&S carriers are well situated to take on Specialty admitted business.

At what sort of pace and at what sort of volume would you characterize the shift of risks from the admitted market to E&S?

I don't think it's a huge amount of shift, but I do hear from our agents on a pretty regular basis that risk is shifting back. There is re-underwriting going on at some of the standard companies, and they are starting to understand that many of the risks they took out of our market in fact do carry a higher risk profile. So as their losses mount, they'll continue to look for ways to improve their results, and one way would be to kick some of that business back into the E&S market.

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