Search
 

Room to grow: Moody's sees solid growth, competition in E&S sector

With AIG and Lloyd's leading the way, E&S market players can look forward to more growth as the economy improves.

By Laura Mazzuca Toops | Updated on September 19, 2014

With AIG subsidiaries and Lloyd’s syndicates dominating the market, the U.S. excess and surplus (E&S) sector is experiencing strong, competitive growth and profitability due to rate increases and an improving economy.

In a new Moody’s “Excess and Surplus Sector Profile,” analysts found that although AIG, Lloyd’s and 25 other top insurers controlled three-quarters of the market, E&S was a robust insurance market segment with room for growth as players can set their own rates for the unique risks they cover. This puts E&S companies in a solid position to weather changes in the property-casualty insurance cycle with strong balance sheets, in spite of challenges from cat losses and low interest rates.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.