The Golden Age of Specialty gives way to the Darwinian Age

Winners and losers will emerge more clearly, with less opportunity to ride the market wave.

By Adam McNestrie Sanvi Bangalore Ben Wylie

September 12, 2025

usd main a.jpg

Market growth and margins will face more pressure from here as competition intensifies, reducing specialty market tailwinds
Success will turn more heavily on franchise quality, with less scope to surf the market wave
Aggregate casualty reserves for 2021–23 accident years risk...

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

Gain a competitive edge and accelerate decision-making
Be empowered by insights that transform confusion to clarity
Uncover growth opportunities and prepare for potential threats
Fuel a smarter strategy for business growth

Request a free trial Already a subscriber? Log in now

Topics

Opinion Commercial lines Commercial E&S Specialty lines Rates Regulation Strategy Insurers North America