E&S premiums across 15 US stamping offices nationally increased 19% to $37.5bn in 2019, while the same offices recorded a total of 4.9mn filings, a roughly 9% increase from the 4.4mn filings in 2018.
AIG’s decision to exit the surety market illustrates that the re-underwriting wheels continue to turn at the carrier as it looks to dampen underwriting volatility and move away from its previous “large-limits strategy”.
Brown & Brown's Q4 earnings release included improved organic growth of 5.2% that exceeded analyst expectations and the company’s own guidance of 2.9% telegraphed in Q3.
