Orlando
There's been a lot of talk on the acquisition front by excess and surplus lines insurance companies, 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.
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. The report was delivered here during NAPSLO's annual conference last week.
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