Coverage of Target Markets' Annual Summit in Scottsdale, Arizona.
Ben Francavilla, president, Amwins Program Underwriters, said fronting carriers backed by reinsurers are helping to shape the environment for program business.
Sachin Kulkarni, senior vice president, Xceedance, said attempts to transform organizations often falter because they don't adequately consider the human element.
Tracey Sharis, president, global risk solutions, North America programs, Liberty Mutual, said single-carrier programs dominate, but risk arrangements are evolving. Sharis spoke with AM Best TV at Target Markets' 22th Annual Summit, held in Scottsdale
William Pitt, director of research and consulting, Conning, said managing general agents are taking on many functions that insurance carriers once handled exclusively in-house.
Attendees to Target Markets' 22th Annual Summit in Scottsdale, Arizona, believe the sector's entrepreneurial culture and agile nature will better attract incoming insurance talent.
