Important: As wildfires continue to affect communities throughout Los Angeles County, we are here to help you and your clients. (Read More)

News

Home / Newsroom / Excess and surplus lines market stabilizes on growing economy, rising demand

Excess and surplus lines market stabilizes on growing economy, rising demand

10.6.13

SAN DIEGO — Excess and surplus lines insurers are enjoying a respite in a turbulent marketplace as a growing economy and rising demand for their services balance the market’s increased competitiveness.

Several E&S insurer executives say this year’s market is showing increased price stability.

One stabilizing factor has been the retreat of standard lines insurers from writing business normally written by E&S insurers in the wake of large catastrophe losses, said Alan J. Kaufman, chairman, president and CEO of Farmington Hills, Mich.-based Burns & Wilcox Ltd.

Subscribe to articles like this one
×

As wildfires continue to affect communities throughout Los Angeles County, we want to express our heartfelt support for the residents, first responders, and all those working tirelessly to combat these devastating fires.

We understand the challenges posed by this crisis. If you need assistance or have questions about your client's coverage during this time, the team at Burns & Wilcox is here to help.