A.M. Best surplus lines report released.(Brief Article)

National Underwriter Property & Casualty-Risk & Benefits Management, September, 2003 by Sclafane, Susanne

While it's interesting to see who ranks where in terms of premium volume in any segment of the industry, including surplus lines, the main thrust of a recently released A.M. Best report is not the ranking of major players. As it has been for nine prior years, A.M. Best examines the market to compare the financial strength of the E&S market with the rest of the p-c industry.

In that vein, Best concluded that a composite of surplus lines insurers had a higher average rating--an "A" rating--than the p-c industry in total, which has a median rating of "A-minus." The report also noted that the combined ratio for a composite of 62 domestic surplus lines insurers has been 10 points better than the overall industry, on average, over the last five years. Since...

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