Markets · US Excess and Surplus Lines
US excess and surplus lines, carriers and wholesalers read apart.
Specialty carriers are assessed against their peers. Wholesale brokers are assessed in a cohort of their own, never against carriers.
From the platform
Where the market’s combined ratios sit
Each dot is one business’s latest filed combined ratio. Below 100 per cent is an underwriting profit.
19 carriers with a filed ratio for 2024 or 2025 Aggregates only. No business is named. Read from the platform, refreshed daily.
From the platform
What is moving
Events read across the market over the last two years, by kind.
Appointments, deals, capital and technology, as they happen Aggregates only. No business is named. Read from the platform, refreshed daily.
The market
Admitted and Surplus lines
| Admitted | Surplus lines | |
|---|---|---|
| Licensed in the state | Yes | No, but eligible to write |
| Rates and forms | Filed with the regulator | Set by the carrier |
| State guaranty fund | Covered | Not covered |
| Route to market | Agents and brokers | Usually a wholesale broker |
What we bring
Every E&S carrier
Scored against its specialty peers and resolved into its group.
Wholesale brokers
Assessed continuously, as brokers.
Relationships and events
Who trades with whom, and new capacity as it arrives.
99.8%Verdicts correct or partial
1,078Cases validated, 187 industries
19 of 19Robustness tests passed
WeeklyEvery reading rerun
Questions
What is the difference between surplus lines and admitted insurance?
An admitted carrier is licensed in the state, files its rates and forms, and is backed by the guaranty fund. A surplus lines carrier is eligible but not licensed there, sets its own rates and forms, and is not.
How we work here
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