The Derek Hughes/NAPSLO Educational Foundation is dedicated to encouraging the educational development of all those interested in the excess and surplus lines business, to creating an understanding, and overcoming the misperceptions of the misunderstood market - the excess and surplus lines market.
The Derek Hughes/NAPSLO Educational Foundation was formed in 1991, named for retired Western World Insurance Group President, Derek Hughes. Hughes also served on NAPSLO's Board of Directors and chaired the Education Committee. Hughes insurance career began in 1957 with the Royal Exchange Insurance Group in Liverpool, England.
A.M. Best Annual U.S. Surplus Lines - Market Review.
In 2012, the Derek Hughes/NAPSLO Educational Foundation provided its 19th annual grant to the A.M. Best Company to prepare its special report on the surplus lines market. This began in 1994, 1995 and 1996 when the Foundation provided a grant to conduct a solvency study of the surplus lines market. The goal of those reports was to fill a void in information on the solvency record of the surplus lines companies.
Reports from 1997 forward, including this year's, have been expanded to include the examination of a variety of issues faced by the surplus lines market, as well as the annual review of solvency performance. These additional subjects have included market trends, potential federal regulation, commercial lines deregulation stamping offices, Lloyd's, mergers and acquisitions and the distribution system.
One of the primary objectives of the Derek Hughes/NAPSLO Educational Foundation was the creation of a professional Excess & Surplus Lines designation program, known as the Associate in Surplus Lines Insurance (ASLI) designation. To learn more about the ALSI designation, please click here.
The Foundation produces an Annual Report that it makes available to the public. To view the most recent edition of the Annual Report, as well as past editions, please click on the year of the report you wish to access below.