Insurance company boards of directors have changed over the last decade, with golfing buddies making way for actuaries, accountants and even underwriters, said several board members and executives at a recent insurance symposium.

This is especially true for middle-market and small carriers, said John Baily, who serves on the boards of property/casualty insurers, including Endurance Specialty Holdings and RLI Corp. “We didn’t see that 10 or 20 years ago,” he said, referring specifically to the appearance of “people that have actually written the business” among directors....

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