Last year's surety business results are expected to be the best in five years, with a 32 percent loss ratio, some 39 points better than 2004, and the industry should remain profitable this year, according to a brokerage firm's analysis.
This was the conclusion of a report issued by Aon Construction Services Group, a subsidiary of Chicago-based insurance broker Aon Corp.
Aon said that for the first nine months, the industry posted direct written premium of $3.45 billion for 2005, compared with $3.25 billion in 2004.
Recommended For You
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:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.