Search
 

Fitch: E&S Market Will Feel Impact of Berkshire's Expansion in Coming Quarters

While Berkshires aggressive expansion in the excess and surplus lines space earlier this year through the hiring of top American International Group employees hasn't significantly altered the market yet, Fitch says it expects pricing implications related to this expansion to materialize in coming quarters.

By Arthur D. Postal | Updated on December 26, 2013

While Berkshire’s aggressive expansion in the excess and surplus lines space earlier this year through the hiring of top American International Group employees hasn’t significantly altered the market yet, Fitch Ratings says it expects pricing implications related to this expansion “to materialize in coming quarters.”

In a recent report on the E&S market, Fitch says the recent strong profit growth over the last several years will moderate going forward, a victim of growing capacity, which limits rate hikes and promotes persistent competition in various excess and surplus lines markets.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.