Expense ratios must be 25% or less: Ursano

The insurer of the future will need to have stable earnings and
an expense ratio of 25 percent or less, TigerRisk president Tony
Ursano said today.
He added that the carriers of tomorrow would also need to
transfer legacy business to more efficient third-party pools of
capital.
Speaking at the Insider US event in New York, Ursano
said: "For the most part, insurers of the future will need to
be big."
While there will be room for niche players, Ursano...