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E&S Merger Activity Low, Even As Premiums Keep Falling

There's been lot of talk on the acquisition front by excess and surplus lines insurers, but little action to date, even in a year that followed back-to-back declines in organic growth for the segment overall, according to a rating agency analyst.

By Susanne Sclafane | Updated on October 08, 2009

NU Online News Service, Oct. 9, 10:30 a.m. EDT

Orlando–There’s been lot of talk on the acquisition front by excess and surplus lines insurers, but little action to date, even in a year that followed back-to-back declines in organic growth for the segment overall, according to a rating agency analyst.

Indeed, U.S. E&S insurers haven’t reported two consecutive years of falling premiums since the late 1980s, according to the latest update on the state of the surplus lines market prepared by Oldwick, N.J.-based A.M. Best Company on behalf of the National Association of Professional Surplus Lines Offices, Ltd.

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