Willis Group brokerage is warning that while the surety line in 2007 had what its experts believe may have been the best year ever, conditions could change suddenly given the current economic climate.
Surety performance bonds were just one of several market segments highlighted in the Spring 2008 edition of "Marketplace Realities and Risk Management," a report released by the firm today.
Surety buyers, generally contractors, "should position themselves to take advantage of the easing conditions that exist today in most sectors of the surety business, while preparing themselves for sudden changes that could emerge out of today's unsettled business and credit environment," the report said, noting volatile swings in loss ratios and overall returns for sureties historically.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
