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U.S. surplus lines remain solid despite soft market.

U.S. insurers' surplus lines maintained adequate pricing in 2006, aided by the fact that catastrophe-exposed coastal property remained a notable exception to the property/casualty market's softening rates. The findings are in A.M. Best's 2007 Special Report, Surplus Lines Insurers Weather Soft Market with Profits Intact. A.M. Best expects continued positive underwriting returns for surplus lines.
U.S. Surplus Lines--Top 10 Groups (2006)
Ranked by 2006 direct premiums written
($ Thousands)

 Direct Total Surplus
 Premiums Lines Market
Rank Group Name Written Share

1 American International Group $8,164,885 21.1%
2 Lloyd's 5,989,000 15.5%
3 Zurich Financial Svcs. Group 1,638,125 4.2%
4 Nationwide Group 1,508,253 3.9%
5 ACE INA Group 1,507,966 3.9%
6 W.R. Berkley Group 1,288,056 3.3%
7 Markel Corporation Group 1,269,918 3.3%
8 Berkshire Hathaway Ins. Group 1,128,902 2.9%
9 Alleghany Insurance Holdings 1,004,112 2.6%
10 CNA Insurance Companies 837,557 2.2%

 Policyholder
Rank Group Name Surplus

1 American International Group $27,002,503
2 Lloyd's 26,107,000
3 Zurich Financial Svcs. Group 6,239,445
4 Nationwide Group 12,848,181
5 ACE INA Group 4,420,165
6 W.R. Berkley Group 3,535,243
7 Markel Corporation Group 1,419,283
8 Berkshire Hathaway Ins. Group 59,396,009
9 Alleghany Insurance Holdings 1,319,111
10 CNA Insurance Companies 8,161,926

Source: A.M. Best Co.

U.S. Surplus Lines--Market Composite
(1988-2006)

A comparison of the growth in direct premium written of the different
components of the surplus lines industry.
($ Millions)

 Regulated Total
 Domestic Aliens (excl. Domestic Surplus
Year Specialty Lloyd's) Lloyd's Professional Lines

1988 $328 $1,012 $1,237 $3,704 $6,281
1989 361 1,050 1,182 3,530 6,123
1990 396 1,013 1,241 3,882 6,532
1991 410 1,111 1,322 4,081 6,924
1992 450 1,220 1,388 4,491 7,549
1993 456 1,183 1,631 5,270 8,540
1994 509 992 1,196 6,089 8,786
1995 412 1,022 1,300 6,511 9,245
1996 365 818 1,354 6,668 9,205
1997 439 802 1,609 6,569 9,419
1998 328 1,196 1,574 6,763 9,861
1999 298 1,140 1,912 7,275 10,625
2000 332 941 2,499 7,884 11,656
2001 310 1,237 3,368 10,773 15,688
2002 311 1,600 4,082 19,572 25,565
2003 245 2,400 4,492 25,662 32,799
2004 272 2,400 4,596 25,744 33,012
2005 238 2,400 4,675 25,988 33,281
2006 199 3,100 5,989 29,410 38,698

Source: A.M. Best Co.
COPYRIGHT 2007 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

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Title Annotation:By the Numbers
Publication:Best's Review
Article Type:Company rankings
Geographic Code:1USA
Date:Dec 1, 2007
Words:482
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