The Big I Virginia Summer 2022

MARKETPLACE SUMMARY
SURPLUS LINES: TOP LINES, PREMIUMS AND UTILIZATION RATE
Source: © A.M. Best Company — used by permission
Notes or Comments: In all the preceding charts and tables, surplus lines premiums are combined with admitted insurance
premiums. In the above pie and bar charts, the surplus lines premiums are shown separately. The pie chart shows the
lines of business where surplus lines
has the most premiums in Virginia.
Also provided are total direct written
premiums in surplus lines, and the
percentage those total direct written
premiums are to all direct written
premiums.
Readers should note the pie chart
and bar chart/line chart above are
premiums for insurers domiciled in
one of the 51 states or Washington,
DC and writing surplus lines insurance.
The premiums of these insurers are
identified by their licensed status.
Also, the above data does not include
alien insurers (that is, insurers not
domiciled in one of the 51 states).
If alien premiums were included, it
would increase the amount of surplus
lines premiums by approximately an
additional 10%. An example of an
alien surplus lines insurer is Lloyds
of London. Alien insurer data is
not included, as it is not tracked as
consistently across states nor in the
same time-frame.
Continued on page 26 >>
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SUMMER 2022 THE BIG I VIRGINIA 25