What percentage of the alien surplus lines market does Lloyd's of London typically write each year?

Prepare for the South Carolina Surplus Lines Test. Access flashcards and multiple choice questions with hints and explanations. Ace your exam with confidence!

Lloyd's of London is a prominent player in the surplus lines insurance market, particularly noted for its capacity to underwrite risks that standard insurers may avoid. The typical percentage of the alien surplus lines market that Lloyd's writes usually falls within the range of 85% to 90%. This substantial share highlights Lloyd's role as a key provider of specialized coverage, catering to unique and complex risks often found in surplus lines. By having such a significant market presence, Lloyd's can leverage its extensive network of syndicates and expertise in risk management, further solidifying its position as a leader in this arena. This wide range enables them to cover a variety of unusual risks globally, making them an integral part of the surplus lines sector.

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