E&S growth slows as property softens - Business Insurance

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E&S growth slows as property softens - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers E&S growth slows as property softens by Gavin Souter Excess and Surplus Lines , Property AIG , Berkshire Hathaway , Chubb Apr 1, 2026 Growth in the U.S. excess and surplus market slowed to single digits in 2025 as commercial property business weakened, even as total premiums surpassed $100 billion for the first time, according to a report released Wednesday by S&P Global Market Intelligence. Direct premiums written rose 7.8% to $105.31 billion, marking the first time since 2018 that annual growth fell below double digits. The slowdown was primarily due to a reversal in commercial property, which had been a key growth driver in recent years, the report said. Premiums in core commercial property lines dropped 2.8% to $27.69 billion as increased competition pushed renewal rates lower, with some large accounts experiencing price declines of 25% to 35% late in the year. Berkshire Hathaway, the largest E&S insurer, pulled back from the property market, with premiums falling 12.4% to $7.41 billion, S&P Global said. Other large insurers continued to grow. American International Group remained the No. 2 writer with $5.91 billion in premiums, up 5.6%, while Chubb and MS&AD Insurance Group Holdings reported double-digit increases, including a 35% jump for MS&AD. Despite the property slowdown, some segments remained strong. E&S homeowners premiums rose 29.5% to $4.14 billion, reflecting continued displacement from the admitted market, particularly in catastrophe-prone states, S&P Global said. Related News Comp program must follow group-retro rules: Ohio high court April 1, 2026 Top 10 Off Beats from March April 1, 2026 Bill would redefine MMI, cut duration of wage-loss benefits April 1, 2026 CopperPoint names Kellen Booher CEO April 1, 2026 Best downgrades rating of Wisconsin municipal insurer April 1, 2026 Louisiana committee advances teacher safety bill April 1, 2026 Acrisure completes buy of Canopius MGA April 1, 2026 Aspen’s net income slips 30% April 1, 2026 April renewals extend softening in reinsurance market: Howden Re April 1, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.

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