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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

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.

Joseph Peloso, a veteran of the program business segment, remembers a time when unsolicited program proposals flooded the desks of property and casualty underwriters, offering more business than they could possibly handle.

Most program business insurers believe gross premium volume for their segment totals at least $20 billion, but a growing subset now has doubts that they are actually writing that much as a group, a survey reported.

Most program business insurers believe gross premium volume for their segment totals at least $20 billion, but a growing subset now has doubts that they are actually writing that much as a group, a survey reported.

Most program business insurers believe gross premiums for the segment total at least $20 billion, but a growing number now have doubts they are doing that much volume, a survey reported.

In the current economic climate, insurers who look to program business to generate additional premium volume will be conducting more thorough due diligence examinations of potential programs before agreeing to take them on.