The US excess and surplus (E&S) property market has entered one of its most buyer-friendly cycles in years. With premiums for the E&S market set to reach nearly $100 billion in 2024 and represent nearly 9% of the U.S. property and casualty (P&C) market, the combination of surplus capital, increased competition among insurers and management general agents (MGAs), and strong underwriting performance is delivering unprecedented benefits to buyers. For brokers, this means expanded room to negotiate pricing, structure and coverage terms – but only if they know where to look and how to act.
The 2026 RPS US Property Market Outlook cuts through the noise of a changing market to give brokers the information they need to advise clients with confidence. From construction and manufacturing to hospitality, commercial real estate and public institutions, this report reveals where competition is generating the greatest benefits – and where discipline still matters. It also identifies two outliers where capacity remains selective: data centers and assets exposed to wildfire. Whether you’re moving toward a renewal, rethinking program design, or preparing clients for what’s next, this report provides analysis and practical guidance to make better placement decisions.
By downloading this white paper, you will get:
- Sector-by-sector analysis of E&S market conditions in construction, manufacturing, hospitality, commercial real estate and public entities
- Analysis of how catastrophe risk, geography and construction quality are reshaping underwriting outcomes beyond asset class labels
- Insight into two risk categories – data centers and assets exposed to wildfire – where capacity remains limited despite broader market softness
- Practical guidance on leveraging tiered, shared and bifurcated program structures to maximize coverage sustainability
- RPS’s forward outlook for 2026 and beyond, including risk indicators brokers should keep a close eye on
The E&S property market is moving fast – and the brokers who understand its dynamics today will be the ones that will drive the best results for their clients tomorrow. Download the 2026 RPS US Property Market Outlook now.
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