The excess & surplus insurance market is beginning to show the tiniest bit of firming, according to industry observers. “A lot of carriers are beginning to report a positive rate trend,” says Stuart Farber, founder, chairman and CEO of Preferred Concepts in New York. But the increase is skimpy, at 1 percent to 1.5 percent. 

Also on the positive front: Farber adds that he is seeing an overall return to underwriting discipline and the pursuit of more profitability.

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