During an industry conference last week, leaders of three property/casualty insurance organizations addressed a question about opportunities in the personal, commercial and reinsurance markets by highlighting a ingredients of a “crisis” that created current market conditions.

“Never let a good crisis go to waste,” USAA President and Chief Executive Officer Wayne Peacock said, responding to Larry Wilkinson, a senior director and analytical manager for S&P Global Ratings, leading off a P/C viewpoints panel at the S&P Global Ratings 39th Annual Insurance Conference in New York City.