E&S market News

Nation’s Excess & Surplus Market Reports 13% Growth Through Midyear

The nation’s excess and surplus lines insurance industry is growing almost 13 percent faster halfway through this year than it did last year at this time. Mid-year premium growth reported by the 15 excess and surplus lines (E&S) stamping/service offices …

Fitch Assesses Slowdown in E&S Market

Excess and surplus lines underwriters continued to outperform the U.S. property/casualty industry at large in terms of combined ratio in 2015, Fitch Ratings said in a new market review. The report also cautions that premium growth in the E&S sector …

Surplus Lines Posts Record-Breaking Year for 2014

The surplus lines industry broke records in 2014, growing direct premium written (DPW) in 2014 to $40.2 billion — the highest point in history, reports A.M. Best’s “2014 Special Report U.S. Surplus Lines – Segment Review.” Surplus lines insurers grew …

Execs Hired by Berkshire Specialty Balked at AIG Philosophy: Benmosche

Robert Benmosche, who led American International Group Inc. for half a decade, said an emerging challenge from Warren Buffett’s Berkshire Hathaway Inc. hasn’t amounted to much so far. Buffett’s firm recruited AIG executives beginning last year to expand commercial coverage …

Surplus Lines Rate Hikes to Slow As Competition Grows

Two insurance rating entities see slowing rate increases for the surplus lines segment in the coming months as competition grows. Moody’s Investors Service said that the U.S. excess and surplus lines sector is experiencing growth and strong profitability, thanks to …