{"id":1469,"date":"2022-06-16T12:40:42","date_gmt":"2022-06-16T12:40:42","guid":{"rendered":"http:\/\/www.slameeting.com\/bodjun2023\/?page_id=1469"},"modified":"2023-06-13T18:52:23","modified_gmt":"2023-06-13T18:52:23","slug":"financial-analysis","status":"publish","type":"page","link":"https:\/\/www.slameeting.com\/bodjun2023\/financial-analysis\/","title":{"rendered":"Financial Analysis Market Report"},"content":{"rendered":"[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;4.16&#8243; width=&#8221;100%&#8221; custom_padding=&#8221;|||3px||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row admin_label=&#8221;row&#8221; _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h1>Financial Analysis Market Report<\/h1>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<h3>Table of Contents<\/h3>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0C71C3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#executivesummary&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"text-decoration: underline;\">Executive Summary<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0C71C3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#premiumregistered&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"text-decoration: underline;\">Premium Registered &#8211; 2023 (January through April)<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0C71C3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#LASLIApplicants&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"text-decoration: underline;\">LASLI Applicants<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0C71C3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#LASLIWithdrawals&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"text-decoration: underline;\">LASLI Withdrawals Since NRRA in 2011<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0C71C3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#PremiumRegisteredbyAMBest&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"text-decoration: underline;\">Premium Registered by AM Best Financial Strength Rating Year-to-Date 2023 (January through April)<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0C71C3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#AMBestFinancialStrength&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"text-decoration: underline;\">AM Best Financial Strength Rating Actions and Outlook\/Implication LASLI Insurers &#8211; 2022 and YTD 2023<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0C71C3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#HotTopicsMergerActivity&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"text-decoration: underline;\">Hot Topics &#8211; Merger Activity<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0C71C3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#HotTopicDeveloping&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"text-decoration: underline;\">Hot Topics &#8211; Developing<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0C71C3&#8243; custom_margin=&#8221;||-17px||false|false&#8221; link_option_url=&#8221;#PremiumRegisteredByUltimateParent&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"text-decoration: underline;\">Premium Registered by Ultimate Parent &#8211; Top Groups &#8211; 2023 (January Through April)<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#0C71C3&#8243; link_option_url=&#8221;#PremiumRegisteredByLloyd&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"text-decoration: underline;\">Premium Registered By Lloyd&#8217;s Syndicates With Managing Agent &#8211; 2023 (January Through April)<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][et_pb_text module_id=&#8221;executivesummary&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h2>EXECUTIVE SUMMARY<\/h2>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li>Premium registered in year-to-date (YTD) 2023 from January through April was $3.8 billion for companies on the LASLI and $1.6 billion for companies (primarily Lloyd\u2019s syndicates and US insurers) not on the LASLI. Premiums from LASLI and Non-LASLI companies decreased by 5.9% and 2.7%, respectively, compared to the same period in 2022.<\/li>\n<li>All LASLI insurers with a financial strength rating from AM Best are rated A- (Excellent) or better. Five LASLI groups currently have negative outlooks on their financial strength ratings from AM Best. One of these five also had its rating downgraded.<\/li>\n<li>The total number of LASLI companies was 137 as of April 30, 2023, an increase of two from December 31, 2022. The current LASLI insurer count reflects the addition of three new insurers and the removal of one insurer during the first four months of 2023.<\/li>\n<li>Eleven LASLI applications are in the pipeline for review\u2014three currently with the California Department of Insurance (CDI) and eight with the SLA.<\/li>\n<li>Two mergers and acquisitions deals were completed in the first quarter of 2023, affecting the following LASLI groups: AmeriTrust Group, MS&amp;AD Insurance Group Holdings, Inc., and Transverse Insurance Group, LLC.<\/li>\n<li>In the first quarter of 2023, Brookfield Reinsurance announced its acquisition of the Argonaut Group, with the deal expected to close in the second half of 2023.<\/li>\n<li>On May 9, 2023, AM Best downgraded the financial strength rating of the Hallmark Insurance Group to C++ (Marginal). On May 10, 2023, Hallmark Specialty Insurance Company voluntarily withdrew from the LASLI. On May 15, 2023, AM Best withdrew the C++ (Marginal) rating as the group requested to no longer participate in AM Best&#8217;s interactive rating process.<\/li>\n<\/ul>[\/et_pb_text][et_pb_text module_id=&#8221;premiumregistered&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h2>PREMIUM REGISTERED \u2014 2023 (JANUARY THROUGH APRIL)<\/h2>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_code][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-30\" class=\"tablepress tablepress-id-30\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><\/td><td colspan=\"2\" class=\"column-2\">Total Premium<br \/>\nRegistered ($000's)<\/td><td colspan=\"2\" class=\"column-4\">Market Share<\/td><td colspan=\"2\" class=\"column-6\">Insurer Count As Of<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">YTD 2023<\/td><td class=\"column-3\">YTD 2022<\/td><td class=\"column-4\">YTD 2023<\/td><td class=\"column-5\">YTD 2022<\/td><td class=\"column-6\">04\/30\/2022<\/td><td class=\"column-7\">04\/30\/2022<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><b>LASLI Insurers<\/b><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td><td class=\"column-7\"><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><span style=\"padding-left:10px\">US Insurers<\/span><\/td><td class=\"column-2\">3,654,462<\/td><td class=\"column-3\">3,890,463<\/td><td class=\"column-4\">67.0%<\/td><td class=\"column-5\">67.8%<\/td><td class=\"column-6\">117<\/td><td class=\"column-7\">112<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><span style=\"padding-left:10px\">Non-US Insurers (all IID listed)<\/span><\/td><td class=\"column-2\">165,380<br \/>\n<\/td><td class=\"column-3\">168,621<\/td><td class=\"column-4\">3.0%<\/td><td class=\"column-5\">2.9%<\/td><td class=\"column-6\">20<\/td><td class=\"column-7\">19<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><span style=\"padding-left:10px\">SUBTOTAL<\/span><\/td><td class=\"column-2\">3,819,842<br \/>\n<\/td><td class=\"column-3\">4,059,084<\/td><td class=\"column-4\">70.0%<\/td><td class=\"column-5\">70.8%<\/td><td class=\"column-6\">137<\/td><td class=\"column-7\">131<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><b>Non-LASLI Insurers<\/b><\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\"><\/td><td class=\"column-6\"><\/td><td class=\"column-7\"><\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><span style=\"padding-left:10px\">Lloyd's Syndicates<\/span><\/td><td class=\"column-2\">709,975<\/td><td class=\"column-3\">818,669<br \/>\n<\/td><td class=\"column-4\">13.0%<\/td><td class=\"column-5\">14.3%<\/td><td class=\"column-6\"><\/td><td class=\"column-7\"><\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\"><span style=\"padding-left:10px\">US Insurers<\/span><\/td><td class=\"column-2\">680,962<br \/>\n<\/td><td class=\"column-3\">493,632<br \/>\n<\/td><td class=\"column-4\">12.5%<br \/>\n<\/td><td class=\"column-5\">8.6%<\/td><td class=\"column-6\"><\/td><td class=\"column-7\"><\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\"><span style=\"padding-left:10px\">Non-US Insurers<\/span><\/td><td class=\"column-2\">200,297<\/td><td class=\"column-3\">331,629<\/td><td class=\"column-4\">3.7%<\/td><td class=\"column-5\">5.8%<\/td><td class=\"column-6\"><\/td><td class=\"column-7\"><\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\"><span style=\"padding-left:10px\">Others (Suspense, Unknown Insurer, etc.)<\/span><\/td><td class=\"column-2\">15,033<\/td><td class=\"column-3\">7,307<\/td><td class=\"column-4\">0.3%<\/td><td class=\"column-5\">0.1%<\/td><td class=\"column-6\"><\/td><td class=\"column-7\"><\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\"><span style=\"padding-left:10px\">SUBTOTAL<\/span><\/td><td class=\"column-2\">1,606,267<\/td><td class=\"column-3\">1,651,237<\/td><td class=\"column-4\">29.5%<\/td><td class=\"column-5\">28.8%<\/td><td class=\"column-6\"><\/td><td class=\"column-7\"><\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">TOTAL - LASLI\/Non-LASLI Insurers<\/td><td class=\"column-2\">5,426,109<\/td><td class=\"column-3\">5,710,321<\/td><td class=\"column-4\">99.5%<\/td><td class=\"column-5\">99.6%<\/td><td class=\"column-6\"><\/td><td class=\"column-7\"><\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Taxable Fees<\/td><td class=\"column-2\">27,566<br \/>\n<\/td><td class=\"column-3\">25,482<br \/>\n<\/td><td class=\"column-4\">0.5%<\/td><td class=\"column-5\">0.4%<\/td><td class=\"column-6\"><\/td><td class=\"column-7\"><\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">TOTAL - Premium And Fees Registered \u00b9<\/td><td class=\"column-2\">5,453,675<br \/>\n<\/td><td class=\"column-3\">5,735,802<\/td><td class=\"column-4\">100.0%<\/td><td class=\"column-5\">100.0%<\/td><td class=\"column-6\"><\/td><td class=\"column-7\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-30 from cache -->[\/et_pb_code][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;|300|||||||&#8221; text_font_size=&#8221;12px&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<sup>1<\/sup> Totals may not equal the sum of components due to rounding.[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li>Total premium and fees registered through April 2023 decreased 4.9% year-to-date compared to the same period prior year.<\/li>\n<li>Premium registered from LASLI insurers was primarily from US ($3.7 billion) versus Non-US ($0.2 billion) companies.<\/li>\n<li>The count of LASLI insurers was 137 as of April 30, 2023, up by six from 131 as of April 30, 2022.<\/li>\n<li>Premium registered from Non-LASLI insurers continue to be led by Lloyd\u2019s syndicates ($0.7 billion, down 13.3% from $0.8 billion in the same period for 2022).<\/li>\n<li>Besides Lloyd\u2019s, the three largest Non-LASLI insurers by premiums registered are Blue Hill Specialty Insurance Company Inc. (US; $88.9 million), Associated Electric &amp; Gas Insurance Services Limited (Non-US; $83.9 million), and Kinsale Insurance Company (US; $70.5 million). Other Non-LASLI insurers with significant premium registered include Palomar Excess and Surplus Insurance Company (US; $54.5 million), Southlake Specialty Insurance Company (US; $51.8 million), Trisura Specialty Insurance Company (US; $50.8 million), and Homesite Insurance Company (US; $43.0 million).<\/li>\n<li>SLA Financial Analysis Department monitors LASLI insurers closely\u2014a benefit to the broker community and California home state insureds\u2014while the monitoring\/review of Non-LASLI insurers with significant California market presence are more limited in scope.<\/li>\n<\/ul>[\/et_pb_text][et_pb_text module_id=&#8221;LASLIApplicants&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h2>LASLI APPLICANTS<\/h2>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-31\" class=\"tablepress tablepress-id-31\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\">Insurer<\/td><td class=\"column-2\">Ultimate Parent<\/td><td class=\"column-3\">Application Status<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Harleysville Insurance Company of New York<\/td><td class=\"column-2\">Nationwide Mutual Insurance Company<\/td><td class=\"column-3\">Added to the LASLI on 1\/10\/2023<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Third Coast Insurance Company<\/td><td class=\"column-2\">Blue Cross Blue Shield of Michigan Mutual Insurance Company<\/td><td class=\"column-3\">Added to the LASLI on 2\/3\/2023<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">American Inter-Fidelity Exchange<\/td><td class=\"column-2\">American Inter-Fidelity Corporation<br \/>\n<\/td><td class=\"column-3\">Added to the LASLI on 4\/18\/2023<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Trisura Specialty Insurance Company<br \/>\n<\/td><td class=\"column-2\">Trisura Group Ltd.<br \/>\n<\/td><td class=\"column-3\">Application withdrawn on 3\/30\/2023<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Fireman's Fund Indemnity Corporation<br \/>\n<\/td><td class=\"column-2\">Allianz SE<br \/>\n<\/td><td class=\"column-3\">Application abandoned on 4\/12\/2023<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Summit Specialty Insurance Company<br \/>\n<\/td><td class=\"column-2\">McCarthy Group, LLC<br \/>\n<\/td><td class=\"column-3\">Pending CDI CAB's review<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Homesite Insurance Company<br \/>\n<\/td><td class=\"column-2\">American Familty Insurance Mutual Holding Company<br \/>\n<\/td><td class=\"column-3\">Pending CDI CAB's review<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Spinnaker Specialty Insurance Company<br \/>\n<\/td><td class=\"column-2\">Hippo Holdings Inc<br \/>\n<\/td><td class=\"column-3\">Pending CDI FAD's review<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Intrepid Specialty Insurance Company<\/td><td class=\"column-2\">W.R. Berkley Corporation<\/td><td class=\"column-3\">SLA review in progress<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Republic-Lloyds<\/td><td class=\"column-2\">Evergreen Parent, L.P.<\/td><td class=\"column-3\">SLA review in progress<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">SiriusPoint Specialty Insurance Corporation<\/td><td class=\"column-2\">SiriusPoint Ltd.<\/td><td class=\"column-3\">SLA review in progress<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Richmond National Insurance Company<\/td><td class=\"column-2\">Richmond National Group, Inc.<\/td><td class=\"column-3\">SLA review in progress<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Medical Security Insurance Company<\/td><td class=\"column-2\">Curi Holdings, Inc<\/td><td class=\"column-3\">SLA review in progress<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Everspan Indemnity Insurance Company<br \/>\n<\/td><td class=\"column-2\">Ambac Financial Group, Inc<br \/>\n<\/td><td class=\"column-3\">SLA review in progress<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Commercial Alliance Insurance Company<br \/>\n<\/td><td class=\"column-2\">Goose Creek Capital Inc<br \/>\n<\/td><td class=\"column-3\">New submission (March 15, 2023)<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Highlander Specialty Insurance Company<br \/>\n<\/td><td class=\"column-2\">Pine Brook Capital Partners II<br \/>\n<\/td><td class=\"column-3\">New submission (April 20, 2023)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-31 from cache -->[\/et_pb_code][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li>CDI is reviewing three LASLI applications and the SLA is reviewing eight other LASLI applications.<\/li>\n<li>Three LASLI applications were added to the LASLI since January 1, 2023.<\/li>\n<\/ul>[\/et_pb_text][et_pb_text module_id=&#8221;LASLIWithdrawals&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h2>LASLI WITHDRAWALS SINCE NRRA IN 2011<\/h2>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-32\" class=\"tablepress tablepress-id-32\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\">Insurer Type<\/td><td class=\"column-2\">Total<\/td><td class=\"column-3\">Withdrew Due to NRRA<\/td><td class=\"column-4\">Withdrew from Surplus Line Market<\/td><td class=\"column-5\">Withdrew for Other Reasons<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Non-US<\/td><td class=\"column-2\">20<\/td><td class=\"column-3\">10<\/td><td class=\"column-4\">7<\/td><td class=\"column-5\">3<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">US<\/td><td class=\"column-2\">20<\/td><td class=\"column-3\">1<\/td><td class=\"column-4\">4<\/td><td class=\"column-5\">15<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><div align=\"left\">SUBTOTAL<\/div><\/td><td class=\"column-2\">40<\/td><td class=\"column-3\">11<\/td><td class=\"column-4\">11<\/td><td class=\"column-5\">18<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Lloyd's Syndicates<\/td><td class=\"column-2\">78<\/td><td class=\"column-3\">78<\/td><td class=\"column-4\">0<\/td><td class=\"column-5\">0<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><div align=\"left\">TOTAL<\/div><\/td><td class=\"column-2\">118<\/td><td class=\"column-3\">89<\/td><td class=\"column-4\">11<\/td><td class=\"column-5\">18<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-32 from cache -->[\/et_pb_code][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li>One LASLI withdrawal occurred during the first four months of 2023 (but with a removal effective date of December 29, 2022) relating to the sale of Catlin Specialty Insurance Company by AXA XL to Applied Underwriters. Subsequent to April 30, 2023, one insurer (Hallmark Specialty Insurance Company) withdrew from the LASLI.<\/li>\n<\/ul>[\/et_pb_text][et_pb_text module_id=&#8221;PremiumRegisteredbyAMBest&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h2>PREMIUM REGISTERED BY AM BEST FINANCIAL STRENGTH RATING<\/h2>\n<h2>YEAR-TO-DATE 2023 (JANUARY THROUGH APRIL)<\/h2>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<div class=\"visualizer-front-container\" id=\"chart_wrapper_visualizer-332-843904154\"><style type=\"text\/css\" name=\"visualizer-custom-css\" id=\"customcss-visualizer-332\">.locker,.locker-loader{position:absolute;top:0;left:0;width:100%;height:100%}.locker{z-index:1000;opacity:.8;background-color:#fff;-ms-filter:\"progid:DXImageTransform.Microsoft.Alpha(Opacity=80)\";filter:alpha(opacity=80)}.locker-loader{z-index:1001;background:url(https:\/\/www.slameeting.com\/bodjun2023\/wp-content\/plugins\/visualizer\/images\/ajax-loader.gif) no-repeat center center}.dt-button{display:none!important}.visualizer-front-container.visualizer-lazy-render{content-visibility: auto;}.google-visualization-controls-categoryfilter label.google-visualization-controls-label {vertical-align: middle;}.google-visualization-controls-categoryfilter li.goog-inline-block {margin: 0 0.2em;}.google-visualization-controls-categoryfilter li {padding: 0 0.2em;}.visualizer-front-container .dataTables_scrollHeadInner{margin: 0 auto;}.visualizer-editor-front-container{position:relative;width:auto;margin:5%;background:#fff}.visualizer-editor-front{overflow:hidden;width:100%;height:500px}.visualizer-editor-front-actions{padding-bottom:3px}.visualizer-editor-save,.visualizer-editor-cancel{margin:0 4px;padding:2px 15px}.visualizer-cw-error .visualizer-actions{display:none !important;} <\/style><div id=\"visualizer-332-843904154\" class=\"visualizer-front  visualizer-front-332\"><\/div><!-- Not showing structured data for chart 332 because description is empty --><\/div><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --><div class=\"visualizer-front-container\" id=\"chart_wrapper_visualizer-338-672766078\"><style type=\"text\/css\" name=\"visualizer-custom-css\" id=\"customcss-visualizer-338\">.locker,.locker-loader{position:absolute;top:0;left:0;width:100%;height:100%}.locker{z-index:1000;opacity:.8;background-color:#fff;-ms-filter:\"progid:DXImageTransform.Microsoft.Alpha(Opacity=80)\";filter:alpha(opacity=80)}.locker-loader{z-index:1001;background:url(https:\/\/www.slameeting.com\/bodjun2023\/wp-content\/plugins\/visualizer\/images\/ajax-loader.gif) no-repeat center center}.dt-button{display:none!important}.visualizer-front-container.visualizer-lazy-render{content-visibility: auto;}.google-visualization-controls-categoryfilter label.google-visualization-controls-label {vertical-align: middle;}.google-visualization-controls-categoryfilter li.goog-inline-block {margin: 0 0.2em;}.google-visualization-controls-categoryfilter li {padding: 0 0.2em;}.visualizer-front-container .dataTables_scrollHeadInner{margin: 0 auto;}.visualizer-editor-front-container{position:relative;width:auto;margin:5%;background:#fff}.visualizer-editor-front{overflow:hidden;width:100%;height:500px}.visualizer-editor-front-actions{padding-bottom:3px}.visualizer-editor-save,.visualizer-editor-cancel{margin:0 4px;padding:2px 15px}.visualizer-cw-error .visualizer-actions{display:none !important;} <\/style><div id=\"visualizer-338-672766078\" class=\"visualizer-front  visualizer-front-338\"><\/div><!-- Not showing structured data for chart 338 because description is empty --><\/div>[\/et_pb_code][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;|300|||||||&#8221; text_font_size=&#8221;12px&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]Chart excludes premiums in suspense and other premiums that are not allocated to a company[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n\t<li>The overall credit quality of rated LASLI companies is strong, with an AM Best financial strength rating of Excellent or Superior. Berkshire Hathaway, Chubb, and Tokio Marine are the largest operating groups with financial strength rating of A++ by premium registered for the last five years.<\/li>\n\t<li>Lloyd\u2019s syndicates, including those with missing or invalid syndicate numbers, wrote $0.7 billion (13.0%) of the 2023 year-to-date premium and fees registered, making it the largest portion of the Non-LASLI category. All Lloyd\u2019s syndicates reflect the Lloyd\u2019s market AM Best financial strength rating of A.<\/li>\n\t<li>One Non-LASLI insurer<strong>\u2014Conifer Insurance Company<\/strong> (Conifer)\u2014with a <strong>B+<\/strong> financial strength rating, wrote $1.1 million (0.02%) of the 2023 year-to-date premium registered.\n<\/ul>\n<ul>\n\t<li style=\"list-style-type: none;\">\n<ul>\n\t<li><strong>Conifer\u2019s <\/strong>B+ financial strength rating and stable outlook, affirmed in May 2023, reflect its persistent adverse loss development and inability to organically grow capital and surplus through earnings, as well as the limited financial flexibility of the parent company. However, management has executed capital management initiatives, including utilization of reinsurance, to alleviate capital constraints when necessary. Expense improvement is expected prospectively as the group attempts to gain greater economies of scale, invests in technology, seeks more attractive reinsurance ceding commissions, and explores additional expense-saving initiatives.<\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][et_pb_text module_id=&#8221;AMBestFinancialStrength&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h2>AM BEST FINANCIAL STRENGTH RATING ACTIONS AND OUTLOOK\/IMPLICATION LASLI INSURERS &#8211; 2022 AND YTD 2023<\/h2>\n<h2><!-- \/wp:heading --><\/h2>\n<h2><!-- wp:heading {\"level\":6} --><\/h2>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-6\" class=\"tablepress tablepress-id-6\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\">AMB Financial Strength Rating Outlook\/ Implication \u00b9<\/td><td class=\"column-2\">AMB Financial Strength Rating Actions \u00b9<\/td><td class=\"column-3\">AMB Financial Strength Rating \u00b9<\/td><td class=\"column-4\">AMB Ultimate Parent \u00b2<\/td><td class=\"column-5\">YTD 2023<br \/>\nPremium Registered <br \/>\n($000's) \u00b3<\/td><td class=\"column-6\">YTD 2023<br \/>\nPremium Registered<br \/>\n(% of Total) \u00b3<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td rowspan=\"5\" class=\"column-1\">Stable<\/td><td colspan=\"3\" class=\"column-2\">Affirmed - Various Insurers<\/td><td class=\"column-5\">3,452,958<\/td><td class=\"column-6\">90.4%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td rowspan=\"2\" class=\"column-2\">Upgraded<\/td><td class=\"column-3\">A++<\/td><td class=\"column-4\">BERKSHIRE HATHAWAY INC.<\/td><td class=\"column-5\">97,185<\/td><td class=\"column-6\">2.5%<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-3\">A+<\/td><td class=\"column-4\">HDI V.A.G.<\/td><td class=\"column-5\">27,535<br \/>\n<\/td><td class=\"column-6\">0.7%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td rowspan=\"2\" class=\"column-2\">Downgraded<\/td><td rowspan=\"2\" class=\"column-3\">A<\/td><td class=\"column-4\">MS&amp;AD INSURANCE GROUP HOLDINGS, INC.<\/td><td class=\"column-5\">18,413<br \/>\n<\/td><td class=\"column-6\">0.5%<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-4\">SCOR SE<\/td><td class=\"column-5\">32,026<br \/>\n<\/td><td class=\"column-6\">0.8%<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td colspan=\"4\" class=\"column-1\">Stable Total<\/td><td class=\"column-5\">3,628,117<br \/>\n<\/td><td class=\"column-6\">95.0%<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td rowspan=\"4\" class=\"column-1\">Positive<\/td><td rowspan=\"4\" class=\"column-2\">Affirmed<\/td><td class=\"column-3\">A<\/td><td class=\"column-4\">ASSURANT, INC.<\/td><td class=\"column-5\">13,407<\/td><td class=\"column-6\">0.4%<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td rowspan=\"3\" class=\"column-3\">A-<\/td><td class=\"column-4\">CORE SPECIALTY INSURANCE HOLDINGS, INC.<\/td><td class=\"column-5\">35,154<\/td><td class=\"column-6\">0.9%<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-4\">BLUE CROSS BLUE SHIELD OF MICHIGAN MUTUAL INSURANCE COMPANY<\/td><td class=\"column-5\">17,200<br \/>\n<\/td><td class=\"column-6\">0.5%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-4\">HAMILTON INSURANCE GROUP, LTD.<\/td><td class=\"column-5\">6,755<br \/>\n<\/td><td class=\"column-6\">0.2%<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td colspan=\"4\" class=\"column-1\">Positive Total<\/td><td class=\"column-5\">72,516<br \/>\n<\/td><td class=\"column-6\">1.9%<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td rowspan=\"5\" class=\"column-1\">Negative<\/td><td rowspan=\"3\" class=\"column-2\">Affirmed<\/td><td class=\"column-3\">A<\/td><td class=\"column-4\">UNITED FIRE GROUP, INC.<\/td><td class=\"column-5\">10,593<br \/>\n<\/td><td class=\"column-6\">0.3%<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td rowspan=\"2\" class=\"column-3\">A-<\/td><td class=\"column-4\">CORNELL CAPITAL GP II GP LLC<br \/>\n<\/td><td class=\"column-5\">12,429<br \/>\n<\/td><td class=\"column-6\">0.3%<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-4\">FIDENTIA FORTUNA HOLDINGS, LTD.<br \/>\n<\/td><td class=\"column-5\">10,461<br \/>\n<\/td><td class=\"column-6\">0.3%<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-2\">Under Review<\/td><td class=\"column-3\">See footnote 4<\/td><td class=\"column-4\">HALLMARK FINANCIAL SERVICES, INC.<\/td><td class=\"column-5\">22,972<br \/>\n<\/td><td class=\"column-6\">0.6%<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-2\">Downgraded<\/td><td class=\"column-3\">A-<\/td><td class=\"column-4\">ROCKINGHAM MUTUAL GROUP, INC.<\/td><td class=\"column-5\">2,520<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td colspan=\"4\" class=\"column-1\">Negative Total<\/td><td class=\"column-5\">58,976<br \/>\n<\/td><td class=\"column-6\">1.5%<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">Developing<\/td><td class=\"column-2\">Under Review<\/td><td class=\"column-3\">A- u<\/td><td class=\"column-4\">ARGO GROUP INTERNATIONAL HOLDINGS, LTD.<\/td><td class=\"column-5\">55,656<br \/>\n<\/td><td class=\"column-6\">1.5%<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td colspan=\"4\" class=\"column-1\">Developing Total<\/td><td class=\"column-5\">55,656<\/td><td class=\"column-6\">1.5%<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td rowspan=\"3\" class=\"column-1\">...<\/td><td rowspan=\"2\" class=\"column-2\">Withdrawn<\/td><td rowspan=\"2\" class=\"column-3\">NR<\/td><td class=\"column-4\">LIBERTY MUTUAL HOLDING COMPANY INC.<\/td><td class=\"column-5\">3,420<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-4\">HCA HEALTHCARE, INC.<br \/>\n<\/td><td class=\"column-5\">0<\/td><td class=\"column-6\">0.0%<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">1,156<\/td><td class=\"column-6\">0.0%<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td colspan=\"4\" class=\"column-1\">Unrated or Withdrawn-Pre 2022 Total<\/td><td class=\"column-5\">4,577<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td colspan=\"4\" class=\"column-1\">Grand Total<\/td><td class=\"column-5\">3,819,842<\/td><td class=\"column-6\">100.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-6 from cache -->[\/et_pb_code][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;12px&#8221; custom_margin=&#8221;-36px||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<ol>\n<li><sup> <\/sup>AMB financial strength ratings, actions, and outlook\/implication per AM Best as of May 1, 2023. Ratings \u201cunder review\u201d have a \u201cu\u201d indicator after the rating. Rating is for the AMB rating unit that includes the LASLI company.<\/li>\n<li><sup> <\/sup>Ultimate parent as of May 1, 2023.<\/li>\n<li><sup> <\/sup>Premiums registered through April 30, 2023.<\/li>\n<li><sup> <\/sup>On May 9, 2023, AM Best downgraded the financial strength rating of the Hallmark Insurance Group to C++ (Marginal). On May 15, 2023, AM Best withdrew the rating as the group requested to no longer participate in AM Best\u2019s interactive rating process.<\/li>\n<\/ol>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<p>In addition to the assignment of a financial strength rating, AM Best includes a rating outlook (stable, negative, or positive) indicating the potential future direction of the rating over an intermediate term (about 36 months). For ratings under review, the potential future direction is called a rating implication (negative, developing, and positive) and the forward-looking timeframe is more near-term (typically six months).<\/p>[\/et_pb_text][et_pb_text module_id=&#8221;StableOutlook&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h2>STABLE OUTLOOK (95.0% of YTD 2023 PREMIUM REGISTERED)<\/h2>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n\t<li>Most groups have AM Best ratings with a <strong>stable <\/strong>outlook, with most ratings <strong>affirmed stable <\/strong>(90.4% of YTD 2023 premium registered).<\/li>\n\t<li>Three groups and their respective LASLI companies with a financial strength rating<strong> upgrade <\/strong>were:<\/li>\n<\/ul>\n<ul>\n\t<li style=\"list-style-type: none;\">\n<ul>\n\t<li><strong>Berkshire Hathaway Inc.\/Landmark American Insurance Company, Fair American Select Insurance Company, Covington Specialty Insurance Company (A++): <\/strong>Upgrade for certain Berkshire Hathaway Inc. companies acquired as part of the acquisition of Alleghany. Berkshire Hathaway plans to support the (re)insurance entities it acquired as part of its purchase of Alleghany. The rating action reflects the explicit support (significant internal reinsurance support) and implicit support that is associated with being part of Berkshire Hathaway, which possesses vast financial resources and financial flexibility.<\/li>\n\t<li><strong>HDI V.a.G.\/HDI Specialty Insurance Company, HDI Global Specialty SE (A+): <\/strong>Upgrade due to consistency of strengthening balance sheet fundamentals over the past few years, underpinned by a prudent risk culture and strong and stable operating performance.<\/li>\n\t<li><strong>MS&amp;AD Insurance Group Holdings, Inc.\/Transverse Specialty Insurance Company (A):<\/strong> Upgrade reflects the role the Transverse Insurance Group (Transverse) will have going forward following its January 3, 2023 acquisition by Mitsui Sumitomo Insurance Company, Ltd. (MSI). The rating action also considers the level of integration between Transverse and MSI and various agreements in place between the companies. Rating also reflects Transverse\u2019s very strong balance sheet strength, adequate operating performance, limited business profile, and appropriate enterprise risk management. <strong>\u00a0<\/strong><\/li>\n<\/ul>\n<\/li>\n\t<li>The LASLI company with a financial strength rating <strong>downgrade<\/strong> include:\n<\/ul>\n<ul>\n\t<li style=\"list-style-type: none;\">\n<ul>\n\t<li><strong>SCOR SE\/General Security Indemnity Company of Arizona (A): <\/strong>Downgrade reflects the deterioration in SCOR\u2019s operating performance, which is no longer considered supportive to AM Best\u2019s previous strong assessment. In 2022, SCOR reported a sizable net loss of EUR 301.0 million and a combined ratio of 113.2%, driven by above-budget natural catastrophe losses and reserve strengthening.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul><\/ul>[\/et_pb_text][et_pb_text module_id=&#8221;NegativeOutlookImplication&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h2>POSITIVE OUTLOOK\/IMPLICATION (1.9% of YTD 2023 PREMIUM REGISTERED)<\/h2>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n\t<li>Four groups and their respective LASLI insurers with <strong>affirmed<\/strong> ratings and <strong>positive <\/strong>outlooks were as follows:\n<\/ul>\n<ul>\n\t<li style=\"list-style-type: none;\">\n<ul>\n\t<li><strong>Assurant, Inc.\/Voyager Indemnity Insurance Company (A):<\/strong> Positive outlook reflects the expectation that the group\u2019s operating fundamentals and future capital generation should remain favorable over the intermediate term. The group\u2019s ability to generate strong earnings and cash flow through operations on a pre-dividend basis, along with having a strong parent, Assurant, Inc., are considered in the revised outlooks.<\/li>\n\t<li><strong>Core Specialty Insurance Holdings, Inc.\/Starstone Specialty Insurance Company (A-):<\/strong> Rating affirmation and positive outlook remain unchanged following the announcement that Core Specialty Insurance Holdings, Inc. completed its acquisition of Hallmark Financial Services, Inc.\u2019s excess and surplus lines operations. The rating consistency reflects Core Specialty\u2019s post-transaction, risk-adjusted capitalization, which is expected to continue to support AM Best\u2019s opinion on Core Specialty\u2019s balance sheet assessment. The new business\u00a0could be accretive to Core Specialty\u2019s nominal operating performance and could introduce a modicum of earnings diversification benefit. Uncertainty regarding the execution risk associated with any transaction is inherent. On August 4, 2022, AM Best revised the outlook to positive, reflective of the improving business profile of the consolidated Core Specialty group, following its expansion initiatives in 2021 and recent integration of Lancer Insurance Group. Core Specialty has demonstrated an ability to source seasoned and profitable books of business, while continuing to track closely with goals for key performance indicators. While Lancer Insurance Group contributes to the overall Core Specialty strategy, its outlooks are stable due to the lack of history of contributing to and being supported by the greater Core Specialty group.<\/li>\n\t<li><strong>Blue Cross Blue Shield of Michigan Mutual Insurance Company\/Century Surety Company (A-):<\/strong> The rating of AmeriTrust Group, Inc. was previously placed under review with positive implications in April 2022, following the announcement that it had entered into a definitive agreement to be acquired by Accident Fund Insurance Company of America, a member of the AF Group whose parent company is Blue Cross Blue Shield of Michigan Mutual Insurance Company. The positive outlook reflects the role AmeriTrust will have going forward following its December 31, 2022 acquisition and considers the level of integration, synergies, and strategic opportunities provided to both companies. The rating has been removed from under review and assigned a positive outlook.<\/li>\n\t<li><strong>Hamilton Insurance Group, Ltd.\/Hamilton Insurance DAC (A-): <\/strong>Positive outlook reflects the expectation that Hamilton will maintain its improving trend of profitability and continue generating earnings that are accretive to the group\u2019s balance sheet strength.<\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][et_pb_text module_id=&#8221;PositiveOutlook\/Implication&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h2>NEGATIVE OUTLOOK\/IMPLICATION (1.5% of YTD 2023 PREMIUM REGISTERED)<\/h2>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n\t<li>Several groups and their respective LASLI companies have negative outlooks or implications on their financial strength ratings. The percentage of premiums written by insurers with a negative outlook or implication remained the same at 1.5% of YTD 2023 premium registered compared to the same period in 2022.<\/li>\n\t<li>Three groups and their respective LASLI companies with <strong>affirmed<\/strong> ratings and <strong>negative<\/strong> outlooks:<\/li>\n<\/ul>\n<ul>\n\t<li style=\"list-style-type: none;\">\n<ul>\n\t<li><strong>United Fire Group, Inc.\/Mercer Insurance Company (A):<\/strong> Execution risk associated with the implementation of the enterprise-wide strategic plan to improve operational and financial performance given competitive market conditions, as well as ongoing exposure to catastrophe events that could potentially result in additional pressure on balance sheet fundamentals.<\/li>\n\t<li><strong>Cornell Capital GP II GP LLC\/Vault E&amp;S Insurance Company (A-): <\/strong>Negative outlook due to continued operating volatility, which has led to consistent underwriting and pretax operating losses on a statutory and adjusted basis since inception. The outlook considers the impact of the recently implemented reinsurance program. While it is anticipated that the reinsurance program will reduce the severity of losses, underlying challenges remain that management is addressing through several corrective actions. The group also is expected to manage anticipated growth effectively as it pertains to risk accumulations, the influence of current weather patterns and financial performance.<\/li>\n\t<li><strong>Fidentia Fortuna Holdings, Ltd.\/Canopius US Insurance, Inc. (A-):<\/strong> Pressures on Canopius\u2019 group\u2019s balance sheet strength assessment. The group\u2019s risk-adjusted capitalization decreased at year-end 2021 and is expected to remain at that level through 2022. Underwriting results showed a moderate recovery in 2021, after underperformance during the period 2017\u20132020.<\/li>\n<\/ul>\n<\/li>\n\t<li>One group and their respective LASLI company with a rating <strong>under review<\/strong> and a <strong>negative<\/strong> outlook:\n<\/ul>\n<ul>\n\t<li style=\"list-style-type: none;\">\n<ul>\n\t<li><strong>Hallmark Financial Services, Inc.\/Hallmark Specialty Insurance Company (A- u):<\/strong> Under review with negative implications following the announcement that Hallmark Financial has entered into a transaction with Core Specialty Insurance Holdings, Inc. to sell its specialty business. This transaction mitigates a material capital decline in 2022 related to significant adverse reserve development. Significant execution risk remains related to restoring profitability across Hallmark\u2019s retained lines.<u>Subsequent events<\/u><strong>:<\/strong> On May 9, 2023, AM Best downgraded the financial strength rating of the Hallmark Insurance Group to <strong>C++ (Marginal) from B++ (Good)<\/strong> and maintained the under review with negative implication status. The downgrade reflects the adverse arbitration decision related to a loss portfolio contract with DARAG Bermuda Ltd. and DARAG Insurance Limited, resulting in a loss to the Hallmark group estimated to be in the $25-$35 million range. This interim final award, which impacts first-quarter 2023 results, further weakens Hallmark\u2019s balance sheet that previously had lost 26.4% of its surplus in 2022 due to continued adverse reserve development in the group\u2019s retained and discontinued commercial auto lines. Furthermore, the cost structure of the remaining business is negatively impacted by the additional expense associated with the Core Specialty partnership.On May 15, 2023, AM Best withdrew the financial strength rating of <strong>C++ (Marginal)<\/strong> of the members of the Hallmark group. At the time of the withdrawal, all credit ratings were under review with negative implications. AM Best has withdrawn these ratings as the group requested to no longer participate in AM Best\u2019s interactive rating process.<\/li>\n<\/ul>\n<\/li>\n\t<li>One group and their respective LASLI company with a rating <strong>downgrade<\/strong> and a <strong>negative<\/strong> outlook:\n<\/ul>\n<ul>\n\t<li style=\"list-style-type: none;\">\n<ul>\n\t<li><strong>Rockingham Mutual Group, Inc.\/Rockingham Insurance Company (A-)<\/strong>: Rating action reflects deterioration in underwriting and operating results over the past three years that no longer support the adequate operating performance assessment. The group\u2019s underwriting performance has been impacted negatively by losses from its commercial and specialty program business, weather-related events, and increased loss severity in their homeowners and auto physical damage books of business. The increased severity was due partly to higher inflation and supply chain issues. Outlook is negative to reflect the mounting pressures on the group\u2019s balance sheet strength due to its elevated net and gross underwriting leverage metrics, adverse loss reserve development, and elevated reinsurance dependence. Additionally, the negative outlook reflects AM Best\u2019s concerns regarding the successful execution of the group\u2019s plan to run off its commercial lines book of business and corresponding demonstrated improvement in operating results over the intermediate term.<\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][et_pb_text module_id=&#8221;DevelopingOutlook\/Implication&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h2>DEVELOPING OUTLOOK\/IMPLICATION (1.5% OF YTD 2023 PREMIUM REGISTERED)<\/h2>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n\t<li>One group and their respective LASLI insurer with a rating <strong>under review<\/strong> and <strong>developing <\/strong>outlook:\n<\/ul>\n<ul>\n\t<li style=\"list-style-type: none;\">\n<ul>\n\t<li><strong>Argo Group International Holdings, Ltd.\/Peleus Insurance Company, Colony Insurance Company (A- u): <\/strong>Rating action reflects the announcement that Argo Group and Brookfield Reinsurance Ltd. have entered into a definitive merger agreement whereby Brookfield Reinsurance Ltd. will acquire Argo Group in an all-cash transaction valued at approximately\u00a0$1.1 billion. Rating will remain under review pending completion of the acquisition, and until AM Best can complete its assessment of Argo Group\u2019s post-acquisition rating fundamentals.<\/li>\n<\/ul>\n<\/li>\n<\/ul>[\/et_pb_text][et_pb_text module_id=&#8221;HotTopicsMergerActivity&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h2>HOT TOPICS \u2013 MERGER ACTIVITY<sup> <\/sup><\/h2>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-9\" class=\"tablepress tablepress-id-9\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1\">\n\t<td colspan=\"5\" class=\"column-1\">Merger, Acquisition and Other Corporate Transactions - <br \/>\nLASLI Insurance Groups - 2022-2023\u00b9<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Acquirer<\/td><td class=\"column-2\">Target<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">Premiums Registered by SLA - 2022 <br \/>\n($000's)<\/td><td class=\"column-5\">Stage<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td colspan=\"5\" class=\"column-1\"><b>Announced<b><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td rowspan=\"2\" class=\"column-1\">Brookfield Reinsurance<\/td><td rowspan=\"2\" class=\"column-2\">Argonaut Group<\/td><td class=\"column-3\">Colony Insurance Company (T)<br \/>\n<\/td><td class=\"column-4\">$136,112<br \/>\n<\/td><td rowspan=\"2\" class=\"column-5\">Announced: 02\/8\/2023<br \/>\nAnticipated Completion Date: 2Q2023 <\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-3\">Peleus Insurance Company (T)<\/td><td class=\"column-4\">$48,091<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td colspan=\"5\" class=\"column-1\"><b>Completed 2023<\/b><\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">AF Group<\/td><td class=\"column-2\">Ameri Trust Group<\/td><td class=\"column-3\">Century Surety Company (T)<\/td><td class=\"column-4\">$48,688<\/td><td class=\"column-5\">Completed: 1\/3\/2023<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td rowspan=\"3\" class=\"column-1\">Mitsui Sumitomo Insurance Co., Ltd.<\/td><td rowspan=\"3\" class=\"column-2\">Transverse Insurance Group, LLC<\/td><td class=\"column-3\">Mitsui Sumitomo Insurance Company (Europe) Limited (A)<\/td><td class=\"column-4\">$2,939<\/td><td rowspan=\"3\" class=\"column-5\">Completed: 1\/3\/2023<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-3\">MSIG Specialty Insurance USA Inc. (A)<\/td><td class=\"column-4\">$1,488<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-3\">Transverse Specialty Insurance Company (T)<\/td><td class=\"column-4\">$34,138<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td colspan=\"5\" class=\"column-1\"><b>Completed 2022<b><\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Applied Underwriters<\/td><td class=\"column-2\">Catlin Specialty Insurance Company<\/td><td class=\"column-3\">Catlin Specialty Insurance Company (T)<\/td><td class=\"column-4\">$8,449<\/td><td class=\"column-5\">Completed: 10\/3\/2022<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td rowspan=\"9\" class=\"column-1\">Berkshire Hathaway<\/td><td rowspan=\"9\" class=\"column-2\">Alleghany Corporation<\/td><td class=\"column-3\">National Fire &amp; Marine Insurance Company (A)<\/td><td class=\"column-4\">$1,014,273<\/td><td rowspan=\"9\" class=\"column-5\">Completed: 10\/19\/2022<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-3\">General Star Indemnity Company (A)<\/td><td class=\"column-4\">$72,236<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-3\">Mount Vernon Fire Insurance Company (A)<\/td><td class=\"column-4\">$23,460<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-3\">AZGuard Insurance Company (A)<\/td><td class=\"column-4\">$16,804<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-3\">Berkshire Hathaway International Insurance Limited (A)<br \/>\n<\/td><td class=\"column-4\">$1,529<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-3\">Landmark American Insurance Company (T)<\/td><td class=\"column-4\">$264,633<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-3\">Capitol Specialty Insurance Corporation (T)<\/td><td class=\"column-4\">$69,494<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-3\">Covington Specialty Insurance Company (T)<\/td><td class=\"column-4\">$13,216<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-3\">Fair American Select Insurance Company (T)<\/td><td class=\"column-4\">$6,786<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td rowspan=\"4\" class=\"column-1\">Liberty Mutual Holding Company Inc.<\/td><td rowspan=\"4\" class=\"column-2\">State Automobile Mutual Insurance Company<br \/>\n&amp;<br \/>\nState Auto Financial Corporation<\/td><td class=\"column-3\">Ironshore Specialty Insurance Company (A)<\/td><td class=\"column-4\">$153,688<\/td><td rowspan=\"4\" class=\"column-5\">Completed: 3\/1\/2022 <\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-3\">Liberty Surplus Insurance Corporation (A)<\/td><td class=\"column-4\">$123,663<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-3\">Liberty Mutual Insurance Europe SE (A)<\/td><td class=\"column-4\">$11,207<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-3\">Liberty Specialty Markets Bermuda Limited (A)<\/td><td class=\"column-4\">$267<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-9 from cache -->[\/et_pb_code][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;|300|||||||&#8221; custom_margin=&#8221;-17px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<sup>1<\/sup> Information as of\u00a0 4\/30\/2023.\n<sup>2<\/sup> Names of LASLI Subsidiaries or Applicants are followed by either a (T) for Target or an (A) for Acquirer.\n<sup>3 <\/sup>LASLI\/Eligible Subsidiaries includes LASLI companies but excludes Lloyd&#8217;s Syndicates and NRRA eligible subsidiaries with premium registered below a minimum threshold. For 2022, the threshold is $10.0 million.[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li><strong>Argo Group International Holdings, Ltd.:<\/strong> Announced an agreement to be acquired by Brookfield Reinsurance Ltd. in an all-cash transaction valued at approximately $1.1 billion. Argo Group International Holdings, Ltd. owns Colony Insurance Company and Peleus Insurance Company\u2014both currently on the LASLI list.<\/li>\n<\/ul>[\/et_pb_text][et_pb_text module_id=&#8221;HotTopicDeveloping&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h2>Hot Topics &#8211; Developing<\/h2>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<ul>\n<li><strong>US Domiciled LASLI Insurer Statutory Data:<\/strong> The US LASLI Insurers reported mixed growth for the 1<sup>st<\/sup> quarter of 2023. In total their direct premiums increased by 7.2% to $15.1 billion for the 1<sup>st<\/sup> quarter compared to the 1<sup>st<\/sup> quarter of 2022. However, the growth was uneven with California and New York premiums decreasing by 1.7% and 2.9% respectively while Texas and Florida premiums increased by 18.6% and 13.7%, respectively. The insurers reported decreased, although still positive underwriting gains and net income when compared to the same period in 2022. The underwriting gain for the 1<sup>st<\/sup> quarter of 2023 in total was $80.9 million compared to $300.7 million in the first quarter of 2022 and the net income was $393.8 million compared to $571.6 million.<\/li>\n<li><strong>P&amp;C 1<sup>st<\/sup> Quarter Underwriting Loss:<\/strong> The US P&amp;C Industry posted its first and largest net underwriting loss in a first quarter in 12 years according to S&amp;P Global Market Intelligence. Based off statutory data available on May 19<sup>th<\/sup>, the industry had a combined ratio of 102.2% on a net underwriting loss of $7.34 billion in the first quarter. An unusually active period for natural catastrophes in combination with ongoing inflation-related challenges in the private auto business led the industry to produce its highest personal lines direct incurred loss ratio. Commercial lines and mortgage insurers and reinsurers fared best among individual entities.<\/li>\n<\/ul>[\/et_pb_text][et_pb_text module_id=&#8221;PremiumRegisteredByUltimateParent&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h2>PREMIUM REGISTERED BY ULTIMATE PARENT<sup>1<\/sup> \u2013 TOP 20 INSURER GROUPS \u2013 2023 (JANUARY THROUGH APRIL)<\/h2>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-35\" class=\"tablepress tablepress-id-35\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\">AMB Ultimate Parent\u00b9<\/td><td class=\"column-2\">Operating Company<\/td><td class=\"column-3\">Status\u00b2<\/td><td class=\"column-4\">AMB <br \/>\nFinancial Strength <br \/>\nRating\u00b3<\/td><td class=\"column-5\">YTD 2023<br \/>\nPremium Registered <br \/>\n($000's)<\/td><td class=\"column-6\">YTD 2023<br \/>\nPremium Registered <br \/>\n(% of Total)<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">LLOYD'S<\/td><td class=\"column-2\">LLOYD'S OF LONDON<\/td><td class=\"column-3\">Non-LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">709,975<\/td><td class=\"column-6\">13.0%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">LLOYD'S Total<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">709,975<\/td><td class=\"column-6\">13.0%<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">BERKSHIRE HATHAWAY INC.<\/td><td class=\"column-2\">NATIONAL FIRE &amp; MARINE INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A++<\/td><td class=\"column-5\">365,726<br \/>\n<\/td><td class=\"column-6\">6.7%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">LANDMARK AMERICAN INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A++<\/td><td class=\"column-5\">89,658<br \/>\n<\/td><td class=\"column-6\">1.6%<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">GENERAL STAR INDEMNITY COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A++<\/td><td class=\"column-5\">26,250<br \/>\n<\/td><td class=\"column-6\">0.5%<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">CAPITOL SPECIALTY INSURANCE CORPORATION<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">20,285<br \/>\n<\/td><td class=\"column-6\">0.4%<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">MOUNT VERNON FIRE INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A++<\/td><td class=\"column-5\">8,569<br \/>\n<\/td><td class=\"column-6\">0.2%<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">AZGUARD INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">8,249<br \/>\n<\/td><td class=\"column-6\">0.2%<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">COVINGTON SPECIALTY INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A++<\/td><td class=\"column-5\">5,344<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <$5.0M<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">4,688<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">BERKSHIRE HATHAWAY INC. Total<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">528,770<br \/>\n<\/td><td class=\"column-6\">9.7%<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">AMERICAN INTERNATIONAL GROUP, INC.<\/td><td class=\"column-2\">LEXINGTON INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">166,972<br \/>\n<\/td><td class=\"column-6\">3.1%<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">AIG SPECIALTY INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">55,319<br \/>\n<\/td><td class=\"column-6\">1.0%<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">WESTERN WORLD INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">8,536<br \/>\n<\/td><td class=\"column-6\">0.2%<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <$5.0M<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">4,274<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">AMERICAN INTERNATIONAL GROUP, INC. Total<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">235,102<br \/>\n<\/td><td class=\"column-6\">4.3%<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">FAIRFAX FINANCIAL HOLDINGS LIMITED<\/td><td class=\"column-2\">ALLIED WORLD NATIONAL ASSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">82,412<br \/>\n<\/td><td class=\"column-6\">1.5%<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">CRUM &amp; FORSTER SPECIALTY INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">58,529<br \/>\n<\/td><td class=\"column-6\">1.1%<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">HUDSON EXCESS INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">44,494<br \/>\n<\/td><td class=\"column-6\">0.8%<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">ALLIED WORLD SURPLUS LINES INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">35,108<br \/>\n<\/td><td class=\"column-6\">0.6%<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">SENECA SPECIALTY INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">7,167<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <$5.0M<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">2,478<br \/>\n<\/td><td class=\"column-6\">0.0%<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">FAIRFAX FINANCIAL HOLDINGS LIMITED Total<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">230,188<br \/>\n<\/td><td class=\"column-6\">4.2%<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\">NATIONWIDE MUTUAL INSURANCE COMPANY<\/td><td class=\"column-2\">SCOTTSDALE INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">209,072<br \/>\n<\/td><td class=\"column-6\">3.8%<\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <$5.0M<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">4,823<br \/>\n<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\">NATIONWIDE MUTUAL INSURANCE COMPANY Total<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">213,895<br \/>\n<\/td><td class=\"column-6\">3.9%<\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\">W. R. BERKLEY CORPORATION<\/td><td class=\"column-2\">ADMIRAL INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">60,681<br \/>\n<\/td><td class=\"column-6\">1.1%<\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">GEMINI INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">58,292<br \/>\n<\/td><td class=\"column-6\">1.1%<\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">NAUTILUS INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">35,523<br \/>\n<\/td><td class=\"column-6\">0.7%<\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">BERKLEY ASSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">20,510<br \/>\n<\/td><td class=\"column-6\">0.4%<\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">BERKLEY SPECIALTY INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">5,670<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <$5.0M<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">4,073<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\">W. R. BERKLEY CORPORATION Total<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">184,750<br \/>\n<\/td><td class=\"column-6\">3.4%<\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\">MARKEL CORPORATION<br \/>\n<\/td><td class=\"column-2\">EVANSTON INSURANCE COMPANY<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">125,349<br \/>\n<\/td><td class=\"column-6\">2.3%<\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">UNITED SPECIALTY INSURANCE COMPANY<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">47,884<br \/>\n<\/td><td class=\"column-6\">0.9%<\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">MARKEL INTERNATIONAL INSURANCE COMPANY LIMITED<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">5,777<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <$5.0M<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">3,785<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\">MARKEL CORPORATION Total<br \/>\n<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">182,795<br \/>\n<\/td><td class=\"column-6\">3.4%<\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\">CHUBB LIMITED<br \/>\n<\/td><td class=\"column-2\">WESTCHESTER SURPLUS LINES INSURANCE COMPANY<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A++<\/td><td class=\"column-5\">74,779<br \/>\n<\/td><td class=\"column-6\">1.4%<\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">ILLINOIS UNION INSURANCE COMPANY<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A++<\/td><td class=\"column-5\">35,318<br \/>\n<\/td><td class=\"column-6\">0.6%<\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">CHUBB CUSTOM INSURANCE COMPANY<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A++<\/td><td class=\"column-5\">30,919<br \/>\n<\/td><td class=\"column-6\">0.6%<\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">CHUBB EUROPEAN GROUP SE<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A++<\/td><td class=\"column-5\">7,604<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\">CHUBB LIMITED Total<br \/>\n<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">148,620<br \/>\n<\/td><td class=\"column-6\">2.7%<\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\">MUNCHENER RUCKVERSICHERUNG AG<\/td><td class=\"column-2\">PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">52,532<br \/>\n<\/td><td class=\"column-6\">1.0%<\/td>\n<\/tr>\n<tr class=\"row-46\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">GREAT LAKES INSURANCE SE <\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">48,974<br \/>\n<\/td><td class=\"column-6\">0.9%<\/td>\n<\/tr>\n<tr class=\"row-47\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">BRIDGEWAY INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">15,943<br \/>\n<\/td><td class=\"column-6\">0.3%<\/td>\n<\/tr>\n<tr class=\"row-48\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <$5.0M<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">1,968<br \/>\n<\/td><td class=\"column-6\">0.0%<\/td>\n<\/tr>\n<tr class=\"row-49\">\n\t<td class=\"column-1\">MUNCHENER RUCKVERSICHERUNG AG Total<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">119,417<br \/>\n<\/td><td class=\"column-6\">2.2%<\/td>\n<\/tr>\n<tr class=\"row-50\">\n\t<td class=\"column-1\">AXA S.A.<br \/>\n<\/td><td class=\"column-2\">INDIAN HARBOR INSURANCE COMPANY<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">104,427<br \/>\n<\/td><td class=\"column-6\">1.9%<\/td>\n<\/tr>\n<tr class=\"row-51\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">AXA XL INSURANCE COMPANY UK LTD<br \/>\n<\/td><td class=\"column-3\">Non-LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">5,384<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-52\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <$5.0M<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">270<br \/>\n<\/td><td class=\"column-6\">0.0%<\/td>\n<\/tr>\n<tr class=\"row-53\">\n\t<td class=\"column-1\">AXA S.A. Total<br \/>\n<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">110,081<br \/>\n<\/td><td class=\"column-6\">2.0%<\/td>\n<\/tr>\n<tr class=\"row-54\">\n\t<td class=\"column-1\">SOMPO HOLDINGS, INC.<br \/>\n<\/td><td class=\"column-2\">ENDURANCE AMERICAN SPECIALTY INSURANCE COMPANY<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">95,062<br \/>\n<\/td><td class=\"column-6\">1.7%<\/td>\n<\/tr>\n<tr class=\"row-55\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">ENDURANCE WORLDWIDE INSURANCE LIMITED<br \/>\n<\/td><td class=\"column-3\">Non-LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">10,080<br \/>\n<\/td><td class=\"column-6\">0.2%<\/td>\n<\/tr>\n<tr class=\"row-56\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <$5.0M<br \/>\n<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">386<\/td><td class=\"column-6\">0.0%<\/td>\n<\/tr>\n<tr class=\"row-57\">\n\t<td class=\"column-1\">SOMPO HOLDINGS, INC. Total<br \/>\n<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">105,529<br \/>\n<\/td><td class=\"column-6\">1.9%<\/td>\n<\/tr>\n<tr class=\"row-58\">\n\t<td class=\"column-1\">LIBERTY MUTUAL HOLDING COMPANY INC.<\/td><td class=\"column-2\">IRONSHORE SPECIALTY INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">50,524<br \/>\n<\/td><td class=\"column-6\">0.9%<\/td>\n<\/tr>\n<tr class=\"row-59\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">LIBERTY SURPLUS INSURANCE CORPORATION<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">50,344<br \/>\n<\/td><td class=\"column-6\">0.9%<\/td>\n<\/tr>\n<tr class=\"row-60\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <5.0M<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">3,420<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-61\">\n\t<td class=\"column-1\">LIBERTY MUTUAL HOLDING COMPANY INC. Total<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">104,288<br \/>\n<\/td><td class=\"column-6\">1.9%<\/td>\n<\/tr>\n<tr class=\"row-62\">\n\t<td class=\"column-1\">TOKIO MARINE HOLDINGS, INC.<br \/>\n<\/td><td class=\"column-2\">HOUSTON CASUALTY COMPANY<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A++<\/td><td class=\"column-5\">54,976<br \/>\n<\/td><td class=\"column-6\">1.0%<\/td>\n<\/tr>\n<tr class=\"row-63\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">TOKIO MARINE SPECIALTY INSURANCE COMPANY<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A++<\/td><td class=\"column-5\">19,994<br \/>\n<\/td><td class=\"column-6\">0.4%<\/td>\n<\/tr>\n<tr class=\"row-64\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">SAFETY SPECIALTY INSURANCE COMPANY<br \/>\n<\/td><td class=\"column-3\">Non-LASLI<\/td><td class=\"column-4\">A++<\/td><td class=\"column-5\">12,893<br \/>\n<\/td><td class=\"column-6\">0.2%<\/td>\n<\/tr>\n<tr class=\"row-65\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <$5.0M<br \/>\n<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">4,547<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-66\">\n\t<td class=\"column-1\">TOKIO MARINE HOLDINGS, INC. Total<br \/>\n<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">92,409<br \/>\n<\/td><td class=\"column-6\">1.7%<\/td>\n<\/tr>\n<tr class=\"row-67\">\n\t<td class=\"column-1\">THE HARTFORD FINANCIAL SERVICES GROUP, INC.<br \/>\n<\/td><td class=\"column-2\">NAVIGATORS SPECIALTY INSURANCE COMPANY<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">79,929<br \/>\n<\/td><td class=\"column-6\">1.5%<\/td>\n<\/tr>\n<tr class=\"row-68\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">PACIFIC INSURANCE COMPANY, LIMITED<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">5,751<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-69\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <$5.0M<br \/>\n<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">4,201<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-70\">\n\t<td class=\"column-1\">THE HARTFORD FINANCIAL SERVICES GROUP, INC. Total<br \/>\n<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">89,881<br \/>\n<\/td><td class=\"column-6\">1.6%<\/td>\n<\/tr>\n<tr class=\"row-71\">\n\t<td class=\"column-1\">PROGRESSIVE CORPORATION<\/td><td class=\"column-2\">BLUE HILL SPECIALTY INSURANCE COMPANY INC.<\/td><td class=\"column-3\">Non-LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">88,893<br \/>\n<\/td><td class=\"column-6\">1.6%<\/td>\n<\/tr>\n<tr class=\"row-72\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <$5.0M<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">76<br \/>\n<\/td><td class=\"column-6\">0.0%<\/td>\n<\/tr>\n<tr class=\"row-73\">\n\t<td class=\"column-1\">PROGRESSIVE CORPORATION Total<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">88,969<br \/>\n<\/td><td class=\"column-6\">1.6%<\/td>\n<\/tr>\n<tr class=\"row-74\">\n\t<td class=\"column-1\">AXIS CAPITAL HOLDINGS LIMITED<\/td><td class=\"column-2\">AXIS SURPLUS INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">77,661<br \/>\n<\/td><td class=\"column-6\">1.4%<\/td>\n<\/tr>\n<tr class=\"row-75\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">AXIS SPECIALTY EUROPE SE<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">8,724<br \/>\n<\/td><td class=\"column-6\">0.2%<\/td>\n<\/tr>\n<tr class=\"row-76\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <$5.0M<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">86<\/td><td class=\"column-6\">0.0%<\/td>\n<\/tr>\n<tr class=\"row-77\">\n\t<td class=\"column-1\">AXIS CAPITAL HOLDINGS LIMITED Total<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">86,471<br \/>\n<\/td><td class=\"column-6\">1.6%<\/td>\n<\/tr>\n<tr class=\"row-78\">\n\t<td class=\"column-1\">ASSOCIATED ELECTRIC &amp; GAS INSURANCE SERVICES LIMITED<br \/>\n<\/td><td class=\"column-2\">ASSOCIATED ELECTRIC &amp; GAS INSURANCE SERVICES LIMITED<br \/>\n<\/td><td class=\"column-3\">Non-LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">83,882<br \/>\n<\/td><td class=\"column-6\">1.5%<\/td>\n<\/tr>\n<tr class=\"row-79\">\n\t<td class=\"column-1\">ASSOCIATED ELECTRIC &amp; GAS INSURANCE SERVICES LIMITED Total<br \/>\n<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">83,882<br \/>\n<\/td><td class=\"column-6\">1.5%<\/td>\n<\/tr>\n<tr class=\"row-80\">\n\t<td class=\"column-1\">ZURICH INSURANCE GROUP LTD.<br \/>\n<\/td><td class=\"column-2\">STEADFAST INSURANCE COMPANY<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">65,490<br \/>\n<\/td><td class=\"column-6\">1.2%<\/td>\n<\/tr>\n<tr class=\"row-81\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">OTHER AFFILIATES WITH PREMIUM REGISTERED <$5.0M<br \/>\n<\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">10,211<br \/>\n<\/td><td class=\"column-6\">0.2%<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-82\">\n\t<td class=\"column-1\">ZURICH INSURANCE GROUP LTD. Total<br \/>\n<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">75,701<br \/>\n<\/td><td class=\"column-6\">1.4%<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-83\">\n\t<td class=\"column-1\">AMERICAN FINANCIAL GROUP, INC.<br \/>\n<\/td><td class=\"column-2\">GREAT AMERICAN E&amp;S INSURANCE COMPANY<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">58,527<br \/>\n<\/td><td class=\"column-6\">1.1%<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-84\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">AMERICAN EMPIRE SURPLUS LINES INSURANCE COMPANY<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">8,369<br \/>\n<\/td><td class=\"column-6\">0.2%<\/td>\n<\/tr>\n<tr class=\"row-85\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\">GREAT AMERICAN FIDELITY INSURANCE COMPANY<br \/>\n<\/td><td class=\"column-3\">LASLI<\/td><td class=\"column-4\">A+<\/td><td class=\"column-5\">6,222<br \/>\n<\/td><td class=\"column-6\">0.1%<\/td>\n<\/tr>\n<tr class=\"row-86\">\n\t<td class=\"column-1\">AMERICAN FINANCIAL GROUP, INC. Total<br \/>\n<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">73,117<br \/>\n<\/td><td class=\"column-6\">1.3%<\/td>\n<\/tr>\n<tr class=\"row-87\">\n\t<td class=\"column-1\">KINSALE CAPITAL GROUP, INC.<br \/>\n<\/td><td class=\"column-2\">KINSALE INSURANCE COMPANY<br \/>\n<\/td><td class=\"column-3\">Non-LASLI<\/td><td class=\"column-4\">A<\/td><td class=\"column-5\">70,547<br \/>\n<\/td><td class=\"column-6\">1.3%<\/td>\n<\/tr>\n<tr class=\"row-88\">\n\t<td class=\"column-1\">KINSALE CAPITAL GROUP, INC. Total<br \/>\n<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">70,547<br \/>\n<\/td><td class=\"column-6\">1.3%<\/td>\n<\/tr>\n<tr class=\"row-89\">\n\t<td class=\"column-1\">Top 20 Insurers Total<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">3,534,388<br \/>\n<\/td><td class=\"column-6\">64.8%<\/td>\n<\/tr>\n<tr class=\"row-90\">\n\t<td class=\"column-1\">All Other Insurers with Premiums Registered<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">1,891,721<br \/>\n<\/td><td class=\"column-6\">34.7%<\/td>\n<\/tr>\n<tr class=\"row-91\">\n\t<td class=\"column-1\">Taxable Fees<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">27,566<br \/>\n<\/td><td class=\"column-6\">0.5%<\/td>\n<\/tr>\n<tr class=\"row-92\">\n\t<td class=\"column-1\">Total Premium Registered and Taxable Fees<\/td><td class=\"column-2\"><\/td><td class=\"column-3\"><\/td><td class=\"column-4\"><\/td><td class=\"column-5\">5,453,675<br \/>\n<\/td><td class=\"column-6\">100.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-35 from cache -->[\/et_pb_code][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;12px&#8221; global_colors_info=&#8221;{}&#8221;]<ol>\n<li><sup> <\/sup>Ultimate parent per AM Best as of May 1, 2023.<\/li>\n<li><sup> <\/sup>Status as of May 1, 2023. An insurer merged with and into another LASLI carrier is reported as having a LASLI status if premiums registered are significant.<\/li>\n<li><sup> <\/sup>AMB financial strength rating per AM Best as of May 1, 2023. Lloyd\u2019s syndicate rating = AM Best rating of the Lloyd\u2019s market.<\/li>\n<\/ol>[\/et_pb_text][et_pb_text module_id=&#8221;PremiumRegisteredByLloyd&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<h2>PREMIUM REGISTERED BY LLOYD\u2019S SYNDICATES WITH MANAGING AGENT<sup>1<\/sup> \u2013 2023 (JANUARY THROUGH APRIL)<\/h2>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]\n<table id=\"tablepress-36\" class=\"tablepress tablepress-id-36\">\n<tbody class=\"row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\">LLOYD'S<\/td><td class=\"column-2\">YTD 2023<br \/>\nPremium<br \/>\nRegistered<br \/>\n($000's)<\/td><td class=\"column-3\">YTD 2023<br \/>\nPremium<br \/>\nRegistered<br \/>\n(% of Total)<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 2623 (Beazley Furlonge Limited)<\/td><td class=\"column-2\">121,897<\/td><td class=\"column-3\">17.2%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 33 (Hiscox Syndicates Limited)<\/td><td class=\"column-2\">37,541<\/td><td class=\"column-3\">5.3%<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 1971 (Apollo Syndicate Management Limited)<\/td><td class=\"column-2\">35,670<\/td><td class=\"column-3\">5.0%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 2987 (Brit Syndicates Limited)<\/td><td class=\"column-2\">33,007<\/td><td class=\"column-3\">4.6%<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 1458 (RenaissanceRe Syndicate Management Limited)<\/td><td class=\"column-2\">27,806<\/td><td class=\"column-3\">3.9%<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 623 (Beazley Furlonge Limited)<\/td><td class=\"column-2\">27,267<\/td><td class=\"column-3\">3.8%<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 510 (Tokio Marine Kiln Syndicates Limited)<\/td><td class=\"column-2\">23,228<\/td><td class=\"column-3\">3.3%<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 4444 (Canopius Managing Agents Limited)<\/td><td class=\"column-2\">17,605<\/td><td class=\"column-3\">2.5%<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 609 (Atrium Underwriters Limited)<\/td><td class=\"column-2\">15,186<\/td><td class=\"column-3\">2.1%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 1414 (Ascot Underwriting Limited)<\/td><td class=\"column-2\">13,945<\/td><td class=\"column-3\">2.0%<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 1225 (AEGIS Managing Agency Limited)<\/td><td class=\"column-2\">13,429<\/td><td class=\"column-3\">1.9%<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 457 (Munich Re Syndicate Limited)<\/td><td class=\"column-2\">13,395<\/td><td class=\"column-3\">1.9%<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 2001 (MS Amlin Underwriting Limited)<\/td><td class=\"column-2\">13,084<\/td><td class=\"column-3\">1.8%<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 1969 (Apollo Syndicate Management Limited)<\/td><td class=\"column-2\">12,801<\/td><td class=\"column-3\">1.8%<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 3624 (Hiscox Syndicates Limited)<\/td><td class=\"column-2\">12,741<\/td><td class=\"column-3\">1.8%<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 2488 (Chubb Underwriting Agencies Limited)<\/td><td class=\"column-2\">12,664<\/td><td class=\"column-3\">1.8%<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 1686 (Axis Managing Agency Limited)<\/td><td class=\"column-2\">12,408<\/td><td class=\"column-3\">1.7%<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 2003 (AXA XL Underwriting Agencies Limited)<\/td><td class=\"column-2\">10,796<\/td><td class=\"column-3\">1.5%<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 1084 (Chaucer Syndicates Limited)<\/td><td class=\"column-2\">10,761<\/td><td class=\"column-3\">1.5%<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 1301 (Inigo Managing Agent Limited)<\/td><td class=\"column-2\">10,440<\/td><td class=\"column-3\">1.5%<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 2121 (Argenta Syndicate Management Limited)<\/td><td class=\"column-2\">10,370<\/td><td class=\"column-3\">1.5%<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 1183 (Talbot Underwriting Ltd.)<\/td><td class=\"column-2\">10,219<\/td><td class=\"column-3\">1.4%<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 1618 (Brit Syndicates Limited)<\/td><td class=\"column-2\">10,208<\/td><td class=\"column-3\">1.4%<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 4711 (Aspen Managing Agency Limited)<\/td><td class=\"column-2\">9,730<\/td><td class=\"column-3\">1.4%<\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 2791 (Managing Agency Partners Limited)<\/td><td class=\"column-2\">9,253<\/td><td class=\"column-3\">1.3%<\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 4000 (Hamilton Managing Agency Limited)<\/td><td class=\"column-2\">9,242<\/td><td class=\"column-3\">1.3%<\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 4472 (Liberty Managing Agency Limited)<\/td><td class=\"column-2\">9,084<\/td><td class=\"column-3\">1.3%<\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 435 (Faraday Underwriting Limited)<\/td><td class=\"column-2\">8,180<\/td><td class=\"column-3\">1.2%<\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 1886 (QBE Underwriting Limited)<\/td><td class=\"column-2\">7,920<\/td><td class=\"column-3\">1.1%<\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 1856 (IQUW Syndicate Management Limited)<\/td><td class=\"column-2\">6,973<\/td><td class=\"column-3\">1.0%<\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 1880 (Tokio Marine Kiln Syndicates Limited)<\/td><td class=\"column-2\">6,390<\/td><td class=\"column-3\">0.9%<\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 1988 (Asta Managing Agency Limited)<\/td><td class=\"column-2\">5,621<\/td><td class=\"column-3\">0.8%<\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\">Lloyd's Syndicate - 2232 (Allied World Managing Agency Limited)<\/td><td class=\"column-2\">5,182<\/td><td class=\"column-3\">0.7%<\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\">All Other Lloyd\u2019s Syndicates with Premium Registered <$5.0M &amp; Other \u00b2<\/td><td class=\"column-2\">125,932<\/td><td class=\"column-3\">17.7%<\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\">Lloyd's Total<\/td><td class=\"column-2\">709,975<\/td><td class=\"column-3\">100.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-36 from cache -->[\/et_pb_code][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<ol type=\"1\" style=\"font-size: 12px;\">\n<li><sup> <\/sup>Source: Standard &amp; Poor\u2019s as of May 1, 2023, and Lloyd\u2019s List of Active Syndicates &amp; Managing Agents for 2023 Year of Account.<\/li>\n<li><sup> <\/sup>All Other includes Lloyd\u2019s premium registered with a missing or invalid syndicate number.<\/li>\n<\/ol>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]","protected":false},"excerpt":{"rendered":"<p>Financial Analysis Market ReportTable of Contents Executive Summary Premium Registered &#8211; 2023 (January through April) LASLI Applicants LASLI Withdrawals Since NRRA in 2011 Premium Registered by AM Best Financial Strength Rating Year-to-Date 2023 (January through April) AM Best Financial Strength Rating Actions and Outlook\/Implication LASLI Insurers &#8211; 2022 and YTD 2023 Hot Topics &#8211; Merger [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<!-- wp:spacer {\"height\":\"20px\"} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<!-- \/wp:spacer -->\n\n<!-- wp:heading {\"level\":1} -->\n<h1 id=\"0-financial-analysis-market-report\">Financial Analysis Market Report<\/h1>\n<!-- \/wp:heading -->\n\n<!-- wp:ub\/tabbed-content-block {\"blockID\":\"b1c51e44-e2d6-4731-895c-46ff7af1f8f9\",\"activeControl\":\"tab-title-0\",\"theme\":\"#1f5a9a\",\"titleColor\":\"#ffffff\",\"tabsTitle\":[\"\u23f5FAM REPORT\"],\"tabsAlignment\":\"right\",\"tabsTitleAlignment\":[\"left\"],\"tabVertical\":true} -->\n<!-- wp:ub\/tab-block {\"parentID\":\"b1c51e44-e2d6-4731-895c-46ff7af1f8f9\"} -->\n<!-- wp:ub\/table-of-contents-block {\"blockID\":\"34aeb83b-6527-4543-8cd3-6f352793feb7\",\"title\":\"Table of Contents\",\"allowedHeaders\":[false,false,false,false,false,true],\"links\":\"[{u0022clientIdu0022:u002282e9616f-b391-47ce-b837-b1780cb69c12u0022,u0022contentu0022:u0022Financial Analysis Market Reportu0022,u0022levelu0022:1,u0022anchoru0022:u00220-financial-analysis-market-reportu0022,u0022indexu0022:0,u0022disabledu0022:false,u0022customContentu0022:u0022u0022},{u0022clientIdu0022:u0022f3830ac2-e1b2-4f8c-854b-6c522920ad9bu0022,u0022contentu0022:u0022Executive Summaryu0022,u0022levelu0022:6,u0022anchoru0022:u00221-executive-summaryu0022,u0022indexu0022:1,u0022disabledu0022:false,u0022customContentu0022:u0022u0022},{u0022clientIdu0022:u002287e02973-0096-490c-80c1-02ab0cdbdf33u0022,u0022contentu0022:u0022Premium Registered - 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2021 and 2022u0022,u0022levelu0022:6,u0022anchoru0022:u00227-lasli-insurers-2021-and-2022u0022,u0022indexu0022:7,u0022disabledu0022:false,u0022customContentu0022:u0022u0022},{u0022clientIdu0022:u002240c76de5-0ad8-4812-8d93-2c14d3f4b06au0022,u0022contentu0022:u0022Stable Outlook (95.1% of YTD 2022 Premium Registered)u0022,u0022levelu0022:6,u0022anchoru0022:u00228-stable-outlook-951-of-ytd-2022-premium-registeredu0022,u0022indexu0022:8,u0022disabledu0022:false,u0022customContentu0022:u0022u0022},{u0022clientIdu0022:u002276a32295-4860-4647-9d21-4bb3cdfcda5du0022,u0022contentu0022:u0022Negative Outlook\/Implication (1.5% of YTD 2022 Premium Registered)u0022,u0022levelu0022:6,u0022anchoru0022:u00229-negative-outlookimplication-15-of-ytd-2022-premium-registeredu0022,u0022indexu0022:9,u0022disabledu0022:false,u0022customContentu0022:u0022u0022},{u0022clientIdu0022:u0022dd1647ee-4b5c-4180-99f0-215c65b3699eu0022,u0022contentu0022:u0022Positive Outlook\/Implication (3.3% of YTD 2022 Premium Registered)u0022,u0022levelu0022:6,u0022anchoru0022:u002210-positive-outlookimplication-33-of-ytd-2022-premium-registeredu0022,u0022indexu0022:10,u0022disabledu0022:false,u0022customContentu0022:u0022u0022},{u0022clientIdu0022:u0022e61dcff2-7fca-4b0c-b61f-5942ba88b2dcu0022,u0022contentu0022:u0022Hot Topics \u2013 Merger Activityu0022,u0022levelu0022:6,u0022anchoru0022:u002211-hot-topics-%E2%80%93-merger-activityu0022,u0022indexu0022:11,u0022disabledu0022:false,u0022customContentu0022:u0022u0022},{u0022clientIdu0022:u002210737c73-6f94-4200-b12b-3861cf246bf8u0022,u0022contentu0022:u0022Hot Topics \u2013 Developingu0022,u0022levelu0022:6,u0022anchoru0022:u002212-hot-topics-%E2%80%93-developingu0022,u0022indexu0022:12,u0022disabledu0022:false,u0022customContentu0022:u0022u0022},{u0022clientIdu0022:u002216a2b88c-a5f1-4487-9647-48785073ec1au0022,u0022contentu0022:u0022u003cstrongu003ePremium Registered By Ultimate Parentu003csupu003e1u003c\/supu003e \u2013 Top 20 Insurer Groups \u2013 2022 (January Through August)u003c\/strongu003eu0022,u0022levelu0022:6,u0022anchoru0022:u002213-premium-registered-by-ultimate-parent-1-%E2%80%93-top-20-insurer-groups-%E2%80%93-2022-january-through-august-u0022,u0022indexu0022:13,u0022disabledu0022:false,u0022customContentu0022:u0022Premium Registered By Ultimate Parentu003csupu003e1u003c\/supu003e \u2013 Top 20 Insurer Groups \u2013 2022 (January Through August)u0022},{u0022clientIdu0022:u0022d30d200b-59a3-4778-8e93-dd2810565824u0022,u0022contentu0022:u0022u003cstrongu003ePremium Registered Bu003c\/strongu003ey u003cstrongu003eLu003c\/strongu003eloyd's u003cstrongu003eSyndicates With Managing Agentu003csupu003e1u003c\/supu003e \u2013 2022 (January Through August)u003c\/strongu003eu0022,u0022levelu0022:6,u0022anchoru0022:u002214-premium-registered-b-y-l-loyds-syndicates-with-managing-agent-1-%E2%80%93-2022-january-through-august-u0022,u0022indexu0022:14,u0022disabledu0022:false,u0022customContentu0022:u0022Premium Registered By Lloyd's Syndicates With Managing Agentu003csupu003e1 u003c\/supu003e\u2013 2022 (January Through August)u0022}]\",\"gaps\":[1,1,1,1,1,1,1,1,1,1,1,1,1,1,1]} \/-->\n\n<!-- wp:heading {\"level\":6} -->\n<h6 id=\"1-executive-summary\">Executive Summary<\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:spacer {\"height\":\"15px\"} -->\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<!-- \/wp:spacer -->\n\n<!-- wp:list -->\n<ul><li>Total premium registered from January through August 2022 (YTD 2022) was $7.9 billion for companies on the LASLI and $3.1 billion for companies (primarily Lloyd\u2019s) not on the LASLI. Premiums from LASLI and Non-LASLI companies increased by 29.3% and 46.7%, respectively, compared to the same period in 2021.<\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:list -->\n<ul><li>All LASLI insurers with a financial strength rating from AM Best are rated A- (Excellent) or better. There are three groups with negative outlooks, one under review with negative implications, and one LASLI insurer with a rating downgraded<\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:list -->\n<ul><li>Total number of LASLI companies was 134 as of August 31, 2022, an increase of four from August 31, 2021.<\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:list -->\n<ul><li>Nine companies applying for the LASLI are in the pipeline\u2014two are currently with the California Department of Insurance (CDI), seven are being reviewed by the SLA. One withdrew on September 9, 2022. <strong><\/strong><\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:list -->\n<ul><li>Core Specialty Insurance Holdings, Inc. completed its acquisition of Hallmark Financial Services, Inc.\u2019s excess &amp; surplus lines operations for approximately $40 million in cash.<\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p> <\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6 id=\"2-premium-registered-2022-january-through-august\">Premium Registered - 2022 (January through August)<\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:shortcode -->\n[table id=30 \/]\n<!-- \/wp:shortcode -->\n\n<!-- wp:paragraph -->\n<p><sup><sup>1<\/sup> Totals may not equal the sum of components due to rounding.<\/sup><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><sup>Note: The breakdown of premium registered for prior year by insurer type is based on insurers\u2019 status as of the prior year.<\/sup><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><sup>The LASLI company insurer count includes all companies on the LASLI regardless of whether they had premium registered.<\/sup> <\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li>Total premium and fees registered through August 2022 increased 33.8% year-to-date compared to the same period prior year.<\/li><li>Premium registered from LASLI insurers is primarily from US ($7.5 billion) versus Non-US ($0.3 billion) companies.<\/li><li>As of August 31, 2022, the count of LASLI insurers is up by four from August 31, 2021, to 134.<\/li><li>Premium registered from Non-LASLI insurers continue to be led by Lloyd\u2019s syndicates ($1.6 billion, up 20.2% from $1.3 billion in the same period for 2021). &nbsp;<\/li><li>Besides Lloyd\u2019s, the following Non-LASLI insurers had significant premiums registered: Associated Electric &amp; Gas Insurance Services Ltd. (Non-US; $219.2 million), Blue Hill Specialty Insurance Company Inc. (US; $189.2 million), Kinsale Insurance Company (US; $131.4 million), and Trisura Specialty Insurance Company (US; $110.1 million).<\/li><li>SLA Financial Analysis Department monitors LASLI insurers closely\u2014a benefit to the broker community as well as to the California home state insureds. Non-LASLI insurers with a significant California market presence are monitored, though reviews are more cursory.<\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong><br><\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6 id=\"3-lasli-applicants\">LASLI Applicants<\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:shortcode -->\n[table id=31 \/]\n<!-- \/wp:shortcode -->\n\n<!-- wp:list -->\n<ul><li>CDI is reviewing two LASLI application and the SLA is reviewing seven other LASLI applications.<\/li><li>Three LASLI applications were added to the LASLI in June 2022.<\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6 id=\"4-lasli-withdrawals-since-nrra-in-2011\">LASLI Withdrawals Since NRRA in 2011<\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:shortcode -->\n[table id=32 \/]\n<!-- \/wp:shortcode -->\n\n<!-- wp:list -->\n<ul><li>&nbsp;No LASLI withdrawals during the eight months of 2022.<\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6 id=\"5-premium-registered-by-am-best-financial-strength-rating-year-to-date-2022-january-through-august\">Premium Registered by AM Best Financial Strength Rating Year-to-Date 2022 (January through August)<\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:shortcode -->\n[visualizer id=\"332\" lazy=\"no\" class=\"\"]\n<!-- \/wp:shortcode -->\n\n<!-- wp:shortcode -->\n[visualizer id=\"338\" lazy=\"no\" class=\"\"]\n<!-- \/wp:shortcode -->\n\n<!-- wp:paragraph {\"fontSize\":\"small\"} -->\n<p class=\"has-small-font-size\">Totals may not equal the sum of components due to rounding.<br>Chart excludes premiums in suspense and other premiums that are not allocated to a company.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><li> Overall credit quality of rated LASLI companies is strong with AM Best financial strength rating of Excellent or stronger. Berkshire Hathaway Inc., Chubb Limited, and Tokio Marine Holdings, Inc. are the largest operating groups with financial strength rating of A++ by premium registered for the last five years.<\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:list -->\n<ul><li>Lloyd\u2019s syndicates, including those with missing or invalid syndicate numbers, wrote $1.6 billion (14.1%) of 2022 year-to-date premium and fees registered, making it the largest portion of the Non-LASLI category. All Lloyd\u2019s syndicates reflect the Lloyd\u2019s market AM Best financial strength rating of A.<\/li><li>Insurers with <strong>B++<\/strong> or lower financial strength ratings wrote $5.5 million (0.1%) of 2022 year-to-date premium registered and consisted of <strong>Conifer Insurance Company<\/strong> (Conifer) and <strong>General Insurance Corporation of India<\/strong> (GICI). Both are non-LASLI companies.<ul><li><strong>Conifer\u2019s ($5.5 million premiums registered)<\/strong> B+ financial strength rating was affirmed in April 2022 with a stable outlook reflective of persistent adverse loss development, inability to organically grow capital and surplus, and limited financial flexibility of parent company. However, management is exploring capital management initiatives; the group is attempting to gain greater economies of scale, invest in technology, seek more attractive reinsurance ceding commissions and explore other expense-saving efforts. <strong><\/strong><\/li><\/ul><ul><li><strong>GICI\u2019s ($0.04 million premiums registered)<\/strong> B++ financial strength rating, affirmed in October 2022 with a stable outlook, reflects GICI\u2019s strong level of balance sheet strength, adequate operating performance, favorable business profile, appropriate enterprise risk management (ERM), and factors in a neutral impact from the company\u2019s ultimate majority ownership by the government of India. The long-term issuer credit rating outlook was revised to negative from stable reflecting increasing pressure on GICI\u2019s ERM assessment.<\/li><\/ul><\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:spacer {\"height\":\"20px\"} -->\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<!-- \/wp:spacer -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6 id=\"6-am-best-financial-strength-rating-actions-and-outlookimplication-\">AM BEST Financial Strength Rating  Actions and Outlook\/Implication <\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6 id=\"7-lasli-insurers-2021-and-2022\">LASLI Insurers - 2021 and 2022<\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:shortcode -->\n[table id=6 \/]\n<!-- \/wp:shortcode -->\n\n<!-- wp:list {\"ordered\":true,\"style\":{\"typography\":{\"fontSize\":\"12px\"}}} -->\n<ol style=\"font-size:12px\"><li>AMB financial strength ratings, actions, and outlook\/implication per AM Best as of September 21, 2022. Ratings \u201cunder review\u201d have a \u201cu\u201d indicator after the rating. Rating is for the AMB rating unit that includes the LASLI company.<\/li><li>Ultimate parent as of September 21, 2022. <\/li><li>Premiums registered through August 31, 2022.<\/li><\/ol>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>In addition to a financial strength rating, AM Best includes a rating outlook (stable, negative, or positive) indicating the potential future direction of the rating over an intermediate term (about 36 months). For ratings that are under review, the potential future direction is called a rating implication (negative, developing, and positive) and the forward-looking timeframe is more near-term (typically 6 months).<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6 id=\"8-stable-outlook-951-of-ytd-2022-premium-registered\">Stable Outlook (95.1% of YTD 2022 Premium Registered)<\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:list -->\n<ul><li>Most groups have AM Best ratings with a <strong>stable <\/strong>outlook, with most ratings <strong>affirmed stable <\/strong>(94.4% of YTD 2022 premium registered).<\/li><li>The two groups and their respective LASLI companies with afinancial strength rating<strong> upgrade <\/strong>were as follows<strong>:<\/strong><ul><li><strong>Auto-Owners Insurance Company; Atlantic Casualty Insurance Company (A+):<\/strong> Upgrade due to increased level of integration, as well as tangible operating benefits and synergies derived from ownership by Auto-Owners in various functions, including, but not limited to: investments, actuarial services, product development, reinsurance, claims, marketing, and information technology. Additionally, this rating action recognizes Atlantic Casualty\u2019s strategic importance within the Auto-Owners\u2019 organization, particularly evident in Atlantic Casualty\u2019s access to Auto-Owners\u2019 distribution channel, which has contributed to growth in premiums, while maintaining favorable operating performance.<\/li><\/ul><ul><li><strong>Selective Insurance Group, Inc.; Mesa Underwriters Specialty Insurance Company (A+):<\/strong> Upgrade due to strong levels of profitability over the past five years on an absolute basis and improved profitability relative to its peers.<\/li><\/ul><\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6 id=\"9-negative-outlookimplication-15-of-ytd-2022-premium-registered\">Negative Outlook\/Implication (1.5% of YTD 2022 Premium Registered)<\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:list -->\n<ul><li>Several groups and their respective LASLI companies have negative outlooks or implications on their financial strength ratings. Premium registered by insurers with a negative outlook or implication accounted for 1.5% of total YTD 2022 registered premium compared to 0.4% for the same period in 2021.<\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:list -->\n<ul><li>Three groups and their respective LASLI companies with <strong>affirmed<\/strong> ratings and <strong>negative<\/strong> outlooks:<ul><li><strong>United Fire Group, Inc.; Mercer Insurance Company (A<\/strong>): Negative outlook due to execution risk associated with the implementation of the enterprise-wide strategic plan to improve operational and financial performance given competitive market conditions and ongoing exposure to catastrophe events.<\/li><\/ul><ul><li><strong>Hallmark Financial Services, Inc.; Hallmark Specialty Insurance Company (A-)<\/strong>: Negative outlook due to volatility in the group\u2019s operating performance, with five-year operating metrics comparing unfavorable with the commercial casualty composite driven by natural catastrophe losses and adverse reserve development.<\/li><\/ul><ul><li><strong>Cornell Capital GP II GP LLC; Vault E&amp;S Insurance Company (A-): <\/strong>Negative outlook due to continued operating volatility, which has led to consistent underwriting and pretax operating losses on a statutory and adjusted basis since inception. The outlook considers the impact of the recently implemented reinsurance program. While it is anticipated that the reinsurance program will reduce the severity of losses, underlying challenges remain that management is addressing through several corrective actions. The group also is expected to manage anticipated growth effectively as it pertains to risk accumulations, the influence of current weather patterns and financial performance.<\/li><\/ul><\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:list -->\n<ul><li>One LASLI company\u2019s rating was <strong>downgraded <\/strong>and under review with <strong>negative implication<\/strong>:<ul><li><strong>AXA S.A.; Catlin Specialty Insurance Company (A u): <\/strong>Rating actions due to the announced acquisition of Catlin Specialty by North American Casualty Group; Catlin Specialty is to be sold as a shell, while being eligible to write excess and surplus business in all states except Oklahoma. Rating downgrade reflects the removal of the implicit and explicit support from its parent organization, AXA S.A. The negative outlook on the North American Casualty Group\u2019s rating is based on continued conservation by the State of California and any possible negative impact on the group\u2019s operating performance or enterprise risk management.<\/li><\/ul><\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:list -->\n<ul><li>One group and its respective LASLI company with <strong>negative implications<\/strong> as rating is <strong>under review<\/strong>:<ul><li><strong>Rockingham Mutual Group, Inc.; Rockingham Insurance Company (A u)<\/strong>: Rating action reflective of the decline in the group\u2019s surplus by 14%, driven by net operating losses of approximately $7.8 million and a net capital loss of $4.7 million. This generated a significant decline the group\u2019s risk-adjusted capitalization as measured by Best\u2019s Capital Adequacy Ratio. The group is currently in the process of potentially stabilizing its balance sheet through a capital injection, however, the ultimate impact on the ratings is uncertain given execution risk in completing the transaction in a timely fashion and finalized terms and conditions.<\/li><\/ul><\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6 id=\"10-positive-outlookimplication-33-of-ytd-2022-premium-registered\">Positive Outlook\/Implication (3.3% of YTD 2022 Premium Registered)<\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:list -->\n<ul><li>Groups and their respective LASLI insurers with <strong>affirmed<\/strong> ratings and <strong>positive <\/strong>outlooks were as follows:<ul><li><strong>HDI V.a.G.; HDI Specialty Insurance Company &amp; HDI Global Specialty SE (A): <\/strong>Positive outlook reflects expectation that HDI V.a.G.\u2019s prudent risk culture and strong and stable operating performance, supported by improved profitability of its primary business segment, will further enhance the resilience of its balance sheet.<\/li><\/ul><ul><li><strong>Assurant, Inc.; Voyager Indemnity Insurance Company (A):<\/strong> Positive outlook reflects the expectation that the group\u2019s operating fundamentals and future capital generation should remain favorable over the intermediate term. The group\u2019s ability to generate strong earnings and cash flow through operations on a pre-dividend basis, along with having a strong parent, Assurant, Inc., are considered in the revised outlooks.<\/li><\/ul><ul><li><strong>Hamilton Insurance Group, Ltd.; Hamilton Insurance DAC (A-): <\/strong>Positive outlook reflects the expectation that Hamilton will maintain its improving trend of profitability and continue generating earnings that are accretive to the group\u2019s balance sheet strength.<\/li><\/ul><ul><li><strong>Core Specialty Insurance Holdings, Inc.; Starstone Specialty Insurance Company (A-):<\/strong> Positive outlook reflects the improving business profile of the consolidated Core Specialty group, following its expansion initiatives in 2021 and recent integration of Lancer Insurance Group. Core Specialty has demonstrated an ability to source seasoned and profitable books of business, while continuing to track closely with goals for key performance indicators. While Lancer Insurance Group contributes to the overall Core Specialty strategy, its outlooks are stable due to the lack of history of contributing to and being supported by the greater Core Specialty group.<\/li><\/ul><\/li><li>One group and its respective LASLI insurer with <strong>positive implications<\/strong> as rating is under review:<ul><li><strong>Fosun International Holdings Ltd.; Century Surety Company (A- u): <\/strong>Rating action reflects the announcement on April 12, 2022, of a definitive agreement under which Accident Fund Insurance Company of America and its subsidiaries will acquire Star Insurance Company and its subsidiaries (collectively, AmeriTrust Group).<\/li><\/ul><\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p><strong><br><\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6 id=\"11-hot-topics-%E2%80%93-merger-activity\">Hot Topics \u2013 Merger Activity<\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:shortcode -->\n[table id=9 \/]\n<!-- \/wp:shortcode -->\n\n<!-- wp:paragraph {\"style\":{\"typography\":{\"fontSize\":\"12px\"}}} -->\n<p style=\"font-size:12px\"><sup>1<\/sup> Information as of 8\/31\/2022.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph {\"style\":{\"typography\":{\"fontSize\":\"12px\"}}} -->\n<p style=\"font-size:12px\">\u2022 Names of LASLI Subsidiaries or Applicants are followed by either a (T) for Target or an (A) for Acquirer.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph {\"style\":{\"typography\":{\"fontSize\":\"12px\"}}} -->\n<p style=\"font-size:12px\">\u2022 LASLI\/Eligible Subsidiaries includes LASLI companies but excludes Lloyd's Syndicates and NRRA eligible subsidiaries with premium registered below a minimum threshold. For 2022, the threshold is $5.0 million.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6 id=\"12-hot-topics-%E2%80%93-developing\">Hot Topics \u2013 Developing<\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:list -->\n<ul><li><strong>Core Specialty Insurance Holdings, Inc. (Core Specialty) acquired Hallmark Financial Services, Inc.\u2019s (Hallmark) excess and surplus line operations:<\/strong> Hallmark, the ultimate owner of LASLI company, Hallmark Specialty Insurance Company, reported poor results for the first six months of 2022. The poor results include a combined ratio of 137.1% driven in part by unfavorable net prior year loss reserve development in the commercial auto business. Hallmark also has a reinsurance dispute related to a loss portfolio transfer agreement that they entered into. The SLA is closely monitoring Hallmark and its LASLI-subsidiary, Hallmark Specialty Insurance Company.<br> <br>Core Specialty completed the acquisition for Hallmark\u2019s Specialty Commercial segment that is distributed through the wholesale insurance brokerage channel for approximately $40 million in cash. The transaction will not include any insurance company entities, and loss reserves will be excluded from the transaction. Management and the approximately 176 employees of Hallmark\u2019s E&amp;S business, based in Dallas, Atlanta, and Jersey City will transition to Core Specialty. Core Specialty currently owns Starstone Specialty Insurance Company, a LASLI company.<\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6 id=\"13-premium-registered-by-ultimate-parent-1-%E2%80%93-top-20-insurer-groups-%E2%80%93-2022-january-through-august-\"><strong>Premium Registered By Ultimate Parent<sup>1<\/sup> \u2013 Top 20 Insurer Groups \u2013 2022 (January Through August)<\/strong><\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:shortcode -->\n[table id=35 \/]\n<!-- \/wp:shortcode -->\n\n<!-- wp:list {\"ordered\":true,\"type\":\"1\",\"style\":{\"typography\":{\"fontSize\":\"12px\"}}} -->\n<ol type=\"1\" style=\"font-size:12px\"><li>Ultimate parent per AM Best as of September 21, 2022.<\/li><li>Status as of September 21, 2022. An insurer merged with and into another LASLI carrier is reported as having a LASLI status if premiums registered are significant.<\/li><li>AMB financial strength rating per AM Best as of September 21, 2022. Lloyd\u2019s syndicate rating = AM Best rating of the Lloyd\u2019s market.<\/li><\/ol>\n<!-- \/wp:list -->\n\n<!-- wp:heading {\"level\":6} -->\n<h6 id=\"14-premium-registered-b-y-l-loyds-syndicates-with-managing-agent-1-%E2%80%93-2022-january-through-august-\"><strong>Premium Registered B<\/strong>y <strong>L<\/strong>loyd's <strong>Syndicates With Managing Agent<sup>1<\/sup> \u2013 2022 (January Through August)<\/strong><\/h6>\n<!-- \/wp:heading -->\n\n<!-- wp:shortcode -->\n[table id=36 \/]\n<!-- \/wp:shortcode -->\n\n<!-- wp:list {\"ordered\":true,\"type\":\"1\",\"style\":{\"typography\":{\"fontSize\":\"12px\"}}} -->\n<ol type=\"1\" style=\"font-size:12px\"><li>Source: Standard &amp; Poor\u2019s as of September 21, 2022, and Lloyd\u2019s List of Active Syndicates &amp; Managing Agents for 2022 Year of Account.<\/li><li>All Other includes Lloyd\u2019s premium registered with a missing or invalid syndicate number.<\/li><\/ol>\n<!-- \/wp:list -->\n<!-- \/wp:ub\/tab-block -->\n<!-- \/wp:ub\/tabbed-content-block -->\n\n<!-- wp:paragraph -->\n<p><\/p>\n<!-- \/wp:paragraph -->","_et_gb_content_width":"","footnotes":""},"folder":[],"class_list":["post-1469","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/pages\/1469"}],"collection":[{"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/comments?post=1469"}],"version-history":[{"count":248,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/pages\/1469\/revisions"}],"predecessor-version":[{"id":2830,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/pages\/1469\/revisions\/2830"}],"wp:attachment":[{"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/media?parent=1469"}],"wp:term":[{"taxonomy":"folder","embeddable":true,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/folder?post=1469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}