The next step for Delos Insurance Company–a New York-based program specialist launched in 2006–may be a move to become a public company, according to the firm's chairman, Detlef Steiner.

Indeed, Mr. Steiner told National Underwriter that not only is his company's goal of writing $700 million in program premiums well within reach, but he might need more capital to finance all the business in the pipeline–perhaps from the public equity market.

Mr. Steiner briefed NU on his progress last month in the Bahamas during the American Association of Managing General Agents annual conference.

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