Will 2013 be the year the market turns?

David J. Bresnahan: In 2012 we experienced a gradually firming market. In my opinion, 2013 will resemble 2012 in that it won't be a hard market across the board, with massive rate increases or capacity restrictions, but we will continue to see positive rating in the property-casualty arena.

Tom Van Berkel: Premium and surplus leverage ratios for the property-casualty industry are running near .8 to 1.0, so there continues to be a tremendous amount of excess capital in the market.

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