Surety Market Update - Aon

1 Surety Market Update Strength & Turbulence Autumn 2010 Surety results over the past eighteen months have been strong and competitive, with additional capital available for commercial Surety clients. The construction sector has yet to show the anticipated increased loss activity, but extraordinary weakness in project backlogs and limited capital expenditures increases uncertainty Market Overview The Surety industry posted mixed results in 2009; while total revenues declined, the overall loss ratio remained relatively low. According to the Surety & Fidelity Association of America, total Surety written premium decreased by last year to $ billion. Year Premium Change % Loss Ratio 2009 $ billion < > 2008 $ billion 2007 $ billion The industry s direct loss ratio was , with total incurred losses slightly exceeding $1 billion.

In the first half of 2010, written premiums increased 5.9% from the first half of 2009. The overall loss ratio was reported at 17.4%, continuing the surety industry’s

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