How Lloyds Got To Be No. 1 In E&S

International Editor


The withdrawal of the admitted market in the United States has benefited the surplus lines marketand particularly Lloyds of London, which has become the largest surplus lines carrier in the U.S. market.

Withdrawal from classes of business and withdrawal from certain territories by licensed carriers has left the surplus lines market “as the market of choice, as well as necessity,” said Richard McCarthy, specialty class underwriter with Syndicate 190, which is managed by Liberty Syndicates, a subsidiary of Liberty Mutual.

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