The A.M. Best Company, with a grant fromWSIA and theDerek Hughes/NAPSLO Educational Foundation,released its annual Best's Special Report and took a close look atsurplus lines in the U.S.

While surplus lines direct premium written in 2016 generatedgrowth of 2.8% in 2016, the report notes surplus lines premium roseto $42.4 billion — the highest point in history.

"Once again, the surplus lines segment has hit a new recordlevel of U.S. premium," said Brian Van Cleave, president of theDerek Hughes/NAPSLO Educational Foundation. "The report continuesto highlight our segment's financial resilience and strongfinancial performance in relation to the broader property andcasualty industry, including thirteen years of no financialimpairments." 

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].