Surplus Lines: Set To OutperformTraditional Insurance Market
The surplus lines industry's operating performance is set to improve as standard insurers continue to withdraw from this market, leading to a reduction in underwriting capacity and consequently to higher prices.
The top surplus lines writers are well placed to reap the benefits of this improving marketplace, while smaller players, with significant product, distribution, or geographic concentration, remain susceptible to downgrades. This is particularly true of catastrophic events like the World Trade Center disaster whereby the smaller, less diversified organizations with limited resources face potential solvency issues.
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