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Surplus lines premium increased 21.9% and transactions increased 7.2% year-over-year in the first half of 2021, according to the 2021 Surplus Lines Stamping Office Midyear report released by WSIA. (Photo: andranik123/Adobe Stock)

The surplus lines market rebounded in the first six months of this year following the pandemic year, with notable growth in both premiums and transactions, a new report reveals.

According to the recently released 2021 Surplus Lines Stamping Office Midyear Report from WSIA, surplus lines premiums exceeded $24 billion, and premium bearing transactions surpassed 2.6 million in the first half of 2021, outpacing 2020′s activity for the same period by 21.9% and 7.2%, respectively.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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