The Importance of Aligning With Seasoned Underwriting Professionals

摘要

The last time the surety industry lost money from the contract surety business was in 2004. That is a long and successful run. Unfortunately, that achievement also means that there is an entire generation of surety underwriters operating today with little to no experience derived from a downturn in the market that resulted in industrywide losses. For some, that can lead to overconfidence or an overreaction to changing market conditions.