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Arch Capital CFO Lyons: The Changing Specialty Insurance Market

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During a panel discussion at the Standard & Poor's 2015 Insurance Conference, market participants offered a definition of specialty insurance as business with few competitors. Arch Capital CFO Mark Lyons, who defined it instead as business that's unique by customer definition, distribution or product, explains here that even classic specialty offerings like D&O and environmental are now flooded with competitors, pointing to underwriter defections from AIG as one reason for the change.

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