NU Online News Service, Nov. 23, 11:21 a.m. EST
The vast majority of domestic specialty carriers put the size of the program business market at $20 billion or over in a recent survey, and a third of the respondents believes the market is over $40 billion.
Reinsurance intermediary Guy Carpenter published its sixth annual survey of domestic insurance carriers writing specialty program business through managing general agents and other program administrators late last week, and 90 percent of respondents pegged the current MGA/PA market size at $20 billion in gross premiums or higher.
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