Opinion: US program appetite

For some in the industry, the words "US program business"
continue to provoke a negative reaction.
They point to past casualties of over-zealous expansion such as
QBE and the present day woes of AIG that drove a significant
retrenchment from the sub-segment of the US P&C industry.
They also highlight reinsurers that have bled as a result of
supporting program insurers.
But for every failed program or loss-struck insurer, there are
plenty of other carriers in the space that have...