Anyone who has been in the insurance industry long enough has heard it before: “This market cycle is different.” This time, though, even veteran Excess and Surplus (E&S) Lines professionals believe it might be the case.

A combination of excess capital, much of it from non-traditional sources, and the ability to put data and analytics to better use means the industry can absorb larger losses than ever before. With continuous new entrants trying to get a return for their investors, a competitive market has taken root.

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