Excess and surplus (lead story): Although loss costs are eating into all carriers’ margins, E&S carriers have stayed ahead on trend and have grown exposures as admitted carriers have needed to shrink them.
Need to Know: E&S lines, K2 $1.25bn valuation, Florida bill
![IPCD NTK 14.12.22.png](https://assets.euromoneydigital.com/dims4/default/196fb22/2147483647/strip/true/crop/2584x1684+0+0/resize/840x547!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F45%2Fa5%2Ff455855f412ea22e3b1b8e7e8199%2Fipcd-ntk-14.12.22.png)