Like their counterparts in the trad...

Like their counterparts in the traditional world of property/casualty insurance, the managing general agencies, brokerages and carriers that deal in the specialized realm of program business are operating in a hard market. After coming by means of the post-Sept. 11 reinsurance renewals relatively unscathed, many are predicting uniform better times ahead, while acknowledging that their ranks are spring to shrink in this ongoing survival of the fittest.

If they continue to papal court promise in the prospects for increase of program business--a form of alternative risk transfer that brings together commercial and personal insureds with agents representing large stiffens of premium ...