Despite the best of intentions and efforts of risk capitalproviders and program administrators, the reality is that change isinevitable.
It may be a case where the risk capital provider initiates thechange due to a corporate shift in strategic direction or adecision to exit the class or program business altogether.
Alternatively, the program administrator may seek to end therelationship anticipating a shift in market conditions,underwriting or marketing restraints, or materially better terms oftrade offered by a new risk capital provider.
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