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“We are acting as a trusted advisor and our clients are relying on us more so now than they ever had in the past,” Davis Moore, CEO of Worldwide Facilities, LLC and WSIA president, said. (Credit: WHYFRAME/Shutterstock.com) “We are acting as a trusted advisor, and our clients are relying on us more so now than they ever had in the past,” Davis Moore, CEO of Worldwide Facilities, LLC and WSIA president, said. (Credit: WHYFRAME/Shutterstock.com)

In the spring of 2020, the E&S market was moving through a period of anticipated uncertainty, leading AM Best to lower the sector’s rating to negative.

In the face of the pandemic, the E&S segment continued profitably and growth, signaling persistent opportunities for surplus lines, AM Best reported, which revised the sector’s outlook to stable two weeks ago. The rating agency expects capacity to remain stable, with the potential to expand in the short term.

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Steve Hallo

Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.  

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