Specialty programme business attracts renewed interest

The sector is seeing a continued flow of new capital resulting in the emergence of new markets and merger activity

Specialty programme insurers appear to be actively seeking profitable new business – both from new programme administrators and existing partners – by building product and volume, according to a new survey. At the same time underwriting appetites remain robust across multiple lines of programme business, with carriers looking for new ways to maintain premium writings while maintaining profitable rate levels, according to the survey, which was carried out by reinsurance broker Guy Carpenter & Company LLC.