E&S market at a 'rocky bottom': Kelley

The E&S market will continue "bumping along" at a
"rocky bottom" until a catalyst emerges in the form of an
event that has a shock factor sufficient to alter behavior in the
sector, according to Ironshore CEO Kevin Kelley.
In an interview with The Insurance
Insider, the executive pointed to signs that the
market is heading towards change.
"The reinsurance renewals at 1.1 showed a pushback on
T&C and rates - that's always a leading indicator.
"You're also seeing auto...