All Barometer Gauges Stuck On 'Soft'

Veteran surplus lines insurance industry executives say they’ll know a market turn when they see one, but so far, all the barometers they check to predict the proximity of a turn are stuck in soft market territory.

Beyond asking executives to predict the timing of the next market turn, NU also asked E&S executives who attended the Mid-Year Leadership Forum of the National Association of Professional Surplus Lines Offices, Ltd. earlier this month what might fuel the next turn when it eventually does happen. And what are some of the signs they look for that tell them a market turn is near?

(For a related article reporting on the executives’ predictions, see the March 8 edition of NU’s E&S/Specialty Lines Extra.)