State of the Surplus Lines Market 2020
David Blades, associate director, industry research & analytics, AM Best, said domestic companies focused primarily on the surplus lines sector outperformed the entire sector.
Lou Levinson, president and chief executive officer, Lexington Insurance, said frequent, meaningful communication helps to overcome the stress of not being able to conduct business in traditional face-to-face settings.
Bryan Sanders, president, Markel Specialty and 2020-2021 WSIA president, said few industry participants have seen many firming insurance markets, but those conditions will change as better pricing fuels fresh competitors.
Brady Kelley, executive director, WSIA said the excess and surplus sector is into its eighth year of growth.
Natural catastrophes, social inflation and a challenging investment environment raise the stakes for insurers that underprice business, Bryan Sanders, president, Markel Specialty and WSIA president said.
