Competitive pressures are receding for many surplus lines insurers, reversing a four-year decline in the premium produced by domestic professional surplus lines (DPSL) writers, according to A.M. Best.
In 2011, surplus lines insurers reported a 3.2 percent increase in direct premiums written, and DPSL insurers generated 72.5 percent of total surplus lines direct premium written for the year. Lloyd’s maintained its spot as the leading surplus lines writer in terms of direct premium written for 2011, generating just under $5.8 billion, American International Group Inc. was second with $5.3 billion.
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