Swiss Re’s 96% premium surge in Illinois surplus traces, rising to just about $60 million, is a standout of strategic placement within the extra property area. Kyle Burnett, head of E&S Property for Swiss Re Company Options, credit the shift to each rising demand and the flexibleness of the surplus market: “The liberty of charge and kind permits (Illinois) carriers to customise protection to suit the wants of purchasers based mostly on the financial local weather, what they will afford and the protection most wanted to guard their property,” he stated within the full report. Burnett’s perception, mixed with decades-long commentary from SLAI CEO David Ocasek, anchors the report’s information evaluation. Ocasek’s SLAI tenure, stretching again to 1985, has seen Illinois’s extra market balloon from simply over $200 million in 1999 to $4.4 billion in 2024.
