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SURPLUS LINES PREMIUMS SURGE IN FIRST HALF OF 2021
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year 2020. Based on the excess growth of premiums over unit transactions, MarshBerry estimates that insurance rates, on average, increased greater than 14% in the overall E&S marketplace.
The U.S. Excess & Surplus lines insurance sector (E&S) saw greater than 20% growth in surplus lines premium during the first half of 2021. Surplus lines premium volume was over $24 billion with more than 2.6 million transactions through June 2021, an increase of 21.9% for premium and 7.2% for transactions year over year, according to the U.S. Surplus Lines Service and Stamping offices. The first half data follows robust premium figures reported by stamping offices for the full
The strength was broad-based, with all 15 of the stamping offices reporting premium increases in the first six months of 2021. This was the first increase in transactions since the 2019 report, with 14 offices having higher transactions. Stamping offices comprised 62.7% of U.S. premium volume in 2019, according to A.M. Best and the stamping office. The ongoing healthy demand in the E&S space
