Despite a flat market and more capacity entering it all the time, WKFC Underwriting Managers remains focused on achieving solid underwriting profits, as Dawn D’Onofrio, the company’s executive vice president, explains to Intelligent Insurer.
Against the backdrop of what is a fairly flat market WKFC Underwriting Managers, a US managing general agency (MGA), has continued to achieve measured growth. According to Dawn D’Onofrio, executive vice president of WKFC, this is attributable to selective underwriting and targeting lines that are available to rate increases.
One such area is casualty business. “We’d been sitting on the sidelines with our casualty product for many years but have really strengthened our position in the last 18 to 24 months,” she says. “We’re finally in a position to get double digit rate increases. We’re also starting to get the terms and conditions that we felt we needed in order to deliver underwriting profit to our carriers.”
WKFC Underwriting Managers, Dawn D’Onofrio, Profits, Ryan Specialty Group