Triple-digit growth among top fronting carriers and evolving reinsurance strategies signal promising future despite performance headwinds in key lines, Gallagher Re reports.
Surplus lines market shows robust growth in number of transactions and premium volume as complex risks drive demand, the Wholesale & Specialty Insurance Association reports.
When standard lines insurers pull out of states or risk, it often creates a gap in the insurance market. This is where the E&S market plays a crucial role.
The excess and surplus lines property insurance market defies 2023 predictions, with rate decreases gaining momentum, according to Risk Placement Services.
“The unknowns of legal system abuse are a significant stressor for businesses. No one wants to find their name on a billboard or news cover, putting themselves, their employees or their investors in that position.”
As the market continues to grow, E&S carriers that once wrote general liability policies for complex manufacturing risks are entering the admitted space.
When third parties invest large sums in a lawsuit in exchange for a portion of the eventual settlement, it can affect the legal process — and the E&S market — in more ways than one.