State of the Surplus Lines Market 2020
Brady Kelley, executive director, WSIA said the excess and surplus sector is into its eighth year of growth.
Marya Propis, senior vice president, director of distribution and broker partnership, All Risks Ltd., said insurers' efforts to increase diversity and inclusion will pay off with more resourceful, adaptive workforces.
David Blades, associate director, industry research & analytics, AM Best, said the top 25 surplus lines writers generated better combined ratios and higher pre-tax returns on revenue in 2019 than the broader property/casualty sector.
David Blades, associate director, industry research & analytics, AM Best, said domestic companies focused primarily on the surplus lines sector outperformed the entire sector.
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.