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<br /> Brought to you by:<br /> BEST'S REVIEW<br /> State of<br /> The Surplus Lines Market<br /> Opinions and statements expressed by<br /> participants are their own and do not<br /> represent the opinion or positions of the<br /> A.M. Best Company.<br /> Copyright © 2013 by A.M. Best Company, Inc.<br /> All rights reserved. No part of this report may be reproduced, stored in a retrieval system or transmitted in any form or by any means; electronic, mechanical, photocopying, recording or otherwise.<br /> Table of Contents<br /> Intro<br /> Overview<br /> Reversing the Slide<br /> E&S Value<br /> Rate Trends<br /> Fragile Recovery<br /> Strategy<br /> Catastrophe Losses<br /> Capacity<br /> Margins<br /> Opportunities<br /> New Players<br /> Building Expertise<br /> Challenges<br /> Regulatory Outlook<br /> Legislative Outlook<br /> NAPSLO<br /> Talent<br /> Takeaway<br /> Copyright © 2013 by A.M. Best Company, Inc.<br /> All rights reserved. No part of<a title="State of the Surplus Lines Market 2013 - Lexington - Online page 1" href="http://viewer.zmags.com/publication/22bdf16d?page=1"> Brought to you by: BEST'S REVIEW State</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 2" href="http://viewer.zmags.com/publication/22bdf16d?page=2"> Table of Contents Intro Overview Reversing the Sl</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 3" href="http://viewer.zmags.com/publication/22bdf16d?page=3"> BEST'S REVIEW Interactive Webinar Highlights Stat</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 4" href="http://viewer.zmags.com/publication/22bdf16d?page=4"> Market Overview Superstorm Sandy made 2012 a very</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 5" href="http://viewer.zmags.com/publication/22bdf16d?page=5"> A Return to Growth Premium growth in 2012 marked </a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 6" href="http://viewer.zmags.com/publication/22bdf16d?page=6"> Engine of Innovation With its focus on specializa</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 7" href="http://viewer.zmags.com/publication/22bdf16d?page=7"> Rising Rates While markets are still competitive,</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 8" href="http://viewer.zmags.com/publication/22bdf16d?page=8"> Uncertainty About the Strength of a Recovery Whil</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 9" href="http://viewer.zmags.com/publication/22bdf16d?page=9"> Strategy for Uncertain Times Insurers need to loo</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 10" href="http://viewer.zmags.com/publication/22bdf16d?page=10"> Reconsidering Catastrophe Risk Globalization of s</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 11" href="http://viewer.zmags.com/publication/22bdf16d?page=11"> Impact on Capacity While Superstorm Sandy led to </a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 12" href="http://viewer.zmags.com/publication/22bdf16d?page=12"> Improving Margins Improving loss ratios help marg</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 13" href="http://viewer.zmags.com/publication/22bdf16d?page=13"> E&S Opportunities E&S industry is finding opportu</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 14" href="http://viewer.zmags.com/publication/22bdf16d?page=14"> An Expanding Roster of New E&S Players The entry </a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 15" href="http://viewer.zmags.com/publication/22bdf16d?page=15"> Growth Through Expertise To strengthen their rela</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 16" href="http://viewer.zmags.com/publication/22bdf16d?page=16"> The Challenge of Complacency With the abundance o</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 17" href="http://viewer.zmags.com/publication/22bdf16d?page=17"> Non-admitted and Reinsurance Reform Act Despite i</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 18" href="http://viewer.zmags.com/publication/22bdf16d?page=18"> TRIA and NARAB II The reauthorization of the Terr</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 19" href="http://viewer.zmags.com/publication/22bdf16d?page=19"> NAPLSO on the Move NAPSLO has expanded its offeri</a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 20" href="http://viewer.zmags.com/publication/22bdf16d?page=20"> Expanding the Talent Pool The insurance industry </a> <a title="State of the Surplus Lines Market 2013 - Lexington - Online page 21" href="http://viewer.zmags.com/publication/22bdf16d?page=21"> Cautious Optimism Given uncertain conditions, it’</a>