Premium growth was driven by property insurance lines and, to a lesser degree, liability insurance lines. The single exception was the other liability (claims made) line of business which actually shrunk. Over the past few years before 2023, E&S premium growth had been more consistently strong across all major product lines. (Credit: HN Works/Adobe Stock) "Premium growth was driven by property insurance lines and, to a lesser degree, liability insurance lines. The single exception was the other liability (claims made) line of business which actually shrunk. Over the past few years before 2023, E&S premium growth had been more consistently strong across all major product lines," Fitch Ratings reports. (Credit: HN Works/Adobe Stock)

Excess and surplus (E&S) insurers in the U.S. experienced double-digit growth in direct premiums written for the sixth straight year, Fitch Ratings reports.

This insurance market's direct written premiums grew by 15% in 2023, double the 7% increase for the country's property and casualty insurers overall. This represented the 13th consecutive year of premium growth, and the sixth straight year in which the market saw double-digit premium growth).

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