Premium volume in the non-admitted market has realized an unprecedented run up over the last several years. Growing over 30% from 2020 to 2021, MarshBerry estimates ~$100 billion of Excess & Surplus (E&S) premium will be placed in 2022. This is not only meaningful from a year-over-year growth perspective but as a percentage of the overall Property & Casualty marketplace. While recently experiencing a firm rate environment that has tended to “lift all boats”, one may expect the market cycle to reset back to its historically more prevalent soft rate environment. However, with changing market conditions, MarshBerry expects a bifurcated rate change environment for the foreseeable future. This session analyzes the growth curve of the overall E&S segment and takes a deep dive into various coverage types as we explain why a decoupling of the “rising tide lifts all boats” to a more “coverage specific” rate change environment may be occurring.

Presented by Gerard Vecchio, MarshBerry Managing Director & Specialty Practice Co-Head