Back then, I tried to make an analogy between thechanging dynamics in the E&S market and the gaming industry bypointing to thriving casinos in Las Vegas, which evolved beyondrelying on gaming to cater to the modifying tastes of theircustomer base. I suggested that the 'rules' of the insuranceindustry house seem to be changing, and our ability to adapt willbe key to our ability to thrive.

Alternately, I considered the risk profile a failedcasino in Atlantic City. Financial backers had the luxury ofknowing the risk inside thehouse, at the tables, was a lock. They knew that math wouldguarantee they'd win, if they got gamersto play.

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