AM Best: Surplus lines premiums grew 25% in 2021
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AM Best: Surplus lines premiums grew 25% in 2021

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US surplus lines booked a 25% increase in direct premium written (DPW) last year, reaching a record $82.7bn as demand for coverage across a growing number of high hazards and evolving risks grew, AM Best has found.

The result was the largest year-over-year premium growth since 2003, soundly topping the broader P&C industry’s 9.5% growth, according to AM Best’s US surplus lines market report for 2021.

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