According to Surplus Line Association of California (SLA) it has processed $1.9B in premium for the first 6 months of 2010, a decrease of 15.5% compared to the same period in 2009. The total number of policies filed with the SLA from January 1 through June 30, 2010, was 209,545, representing 4% decrease compared to the 2009 – first 6 month policy count.
SLA expects it will process $3.8 billion in premium for the year, if the trend continues.
Year-to-date, U.S. based insurers wrote 76.4% of the California surplus line premiums, while Lloyd’s, London based insurance tycoon company wrote 17.1% and all other foreign insurance companies wrote 5.4%
The top 10 surplus line brokers in California are:
|Rank||Broker||Premiums Processed (in Millions)||% of Total|
|1||Risk Specialists Companies Insurance Agency Inc.||$131.8||6.92%|
|2||Swett & Crawford||$114.2||5.99%|
|3||Aon Risk Insurance Services West Inc.||$112.6||5.91%|
|4||AMWINS Insurance Brokerage of California LLC||$105.7||5.55%|
|5||Marsh USA Inc.||$105.3||5.52%|
|6||Hart, Anthony Joseph||$90.5||4.75%|
|7||CRC Insurance Services Inc.||$58.8||3.08%|
|8||Crump Insurance Services Inc.||$51.7||2.71%|
|10||Lockton Companies LLC||$47.8||2.51%|