AM Best: Surplus lines grew 17.5% in 2020 but UW profitability “elusive”

AM Best

The US surplus lines market saw direct premiums written grow 17.5 percent in 2020, the largest year-over-year increase since 2003, while operating performance deteriorated from 2019 and the segment is set to stay “tight” in 2022 with continued pricing momentum, according to a new AM Best report.

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