No. 25: Aspen Specialty
Non-admitted direct premiums written: $544 million
No. 24: Arch Capital
Non-admitted direct premiums written: $566 million
No. 23: Everest Re
Non-admitted direct premiums written: $585 million
No. 22: CNA
Non-admitted direct premiums written: $613 million
No. 21: Swiss Re
Non-admitted direct premiums written: $675 million
No. 20: Great American Insurance
Non-admitted direct premiums written: $688 million
No. 19: The Hartford
Non-admitted direct premiums written: $730 million
No. 18: AXIS
Non-admitted direct premiums written: $770 million
No. 17: QBE
Non-admitted direct premiums written: $810 million
No. 16: Zurich
Non-admitted direct premiums written: $812 million
No. 15: Tokio Marine
Non-admitted direct premiums written: $835 million
No. 14: Sompo
Non-admitted direct premiums written: $858 million
No. 13: STARR Cos.
Non-admitted direct premiums written: $871 million
No. 12: James River Group
Non-admitted direct premiums written: $948 million
No. 11: Argo
Non-admitted direct premiums written: $949 million
No. 10: Alleghany
Non-admitted direct premiums written: $1.06 billion
No. 9: Liberty Mutual
Non-admitted direct premiums written: $1.50 billion
No. 8: AXA SA
Non-admitted direct premiums written: $1.58 billion
No. 7: Chubb
Non-admitted direct premiums written: $1.65 billion
No. 6: Fairfax Financial
Non-admitted direct premiums written: $1.76 billion
No. 5: Nationwide
Non-admitted direct premiums written: $2.01 billion
No. 4: W.R. Berkeley Corp.
Non-admitted direct premiums written: $2.05 billion
No. 3: Berkshire Hathaway Inc.
Non-admitted direct premiums written: $2.34 billion
No. 2: Markel
Non-admitted direct premiums written: $2.75 billion
No. 1: AIG
Non-admitted direct premiums written: $3.46 billion
Like most other businesses, insurers operating in the excess and surplus market now find themselves navigating the blistering economic headwinds unleashed by the coronavirus pandemic.
The good news, however, is that E&S insurers began 2020 with strong financial momentum — despite persistent market challenges such as social inflation, low interest rates, and the rising costs and severity of natural disasters.
The slideshow above illustrates the top 25 insurance groups in the E&S sector, based on non-admitted direct premiums written and additional research calculated by S&P Global Market Intelligence.
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