Despite a 67 percent drop in net income in 2008, excess andsurplus lines insurers are still financially strong, according to arating agency report prepared for the National Association ofProfessional Surplus Lines Offices Ltd.
As in past years, the A.M. Best Company's 16th annual E&Sreport, commissioned by the Derek Hughes/NAPSLO EducationalFoundation, found that the market's “solid” financial performanceand solvency rates are at least on par with the admitted market.Indeed, some key indicators show the E&S segment to actually bein better shape than the total property and casualtymarket.
According to the report:
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