California surplus lines insurers wrote $6.03 billion in premiumin 2006, exceeding predictions and reversing a downward trend forprevious years, an industry trade group said.
|The Surplus Line Association of California (SLA) said itsanalysis of premium placed in the state last year found 509,302insurance policies written for California insurance consumers.
|"These figures are higher than predicted for the surplus linemarket and reverse the trend from the previous year," said TedPierce, executive director of SLA, adding that in 2005 the SLAexperienced a 1 percent decrease in premium volume compared to2004.
|The organization said the state's top five surplus line brokersin 2006 in terms of premium volume were:
|o Western Risk Specialists
|o Swett & Crawford
|o Marsh USA
|o AmWINS Insurance Brokers
|o AON Risk Services
|The top five lines of coverage written were:
|o General Liability
|o Errors & Omissions
|o Commercial DIC/Stand Alone Earthquake
|o Commercial Property
|o Excess Liability
|The top five surplus line insurers were:
|o Lexington Insurance Company
|o American International Specialty Lines
|Insurance Company
|o Scottsdale Insurance Company
|o Landmark American Insurance
|Company
|o Arch Specialty Insurance Company
|The combined Lloyd's syndicates wrote 14 percent of Californiapremiums.
|The San Francisco-based association also said it elected CeilNorton as its chair. She is the Branch Manager for Burns &Wilcox Insurance in Fresno, Calif.
|John Edack of Arch Specialty Insurance Agency Inc. in SanFrancisco was elected vice chairman.
|The SLA is an organization of 1,400 surplus line brokers. Itserves as the official surplus line advisory organization to theCalifornia Department of Insurance.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.