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Lloyds No. 2, But Loyalty To U.S. E&S Market Undiminished

San Diego

With $4 billion of direct premiums, Lloyds of London still had a commanding presence and a hefty share of the $25.6 billion U.S. surplus lines market in 2002, according to a report by A.M. Best released at this years NAPSLO meeting.

But compared to American International Group, which shot past Lloyds to reclaim its position on the top of a list of 25 E&S carriers, or to Zurich just below it with a third-place ranking, the growth of Lloyds premiums between 2001 and 2002 might seem a little bit out of synch with some of the competition.

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