2026-09-10 · Source: PRNewswire (API)
Summary in 3 Points • SLACAL launched its Executive Forum video series with a discussion featuring Marc Lipman • The conversation covered wildfire risk, AI, and new global capital affecting California insurance • Lloyd's held an 18% share in California's E&S market in 2025 --- The Surplus Line Association of California (SLACAL) has launched its Executive Forum video series, with the first episode featuring a conversation between SLACAL CEO Benjamin McKay and Lloyd's Americas President Marc Lipman. The discussion, moderated by SLACAL's David Kodama Jr., delved into key issues such as wildfire risk, artificial intelligence, and the influx of global capital reshaping California's insurance landscape. California's economy is significant, being the world's fifth-largest, and its surplus lines sector accounts for approximately $24 billion in annual premiums. Lloyd's, with an 18% share in the California E&S market in 2025, plays a crucial role in this sector.
The discussion highlights the evolving risk landscape in California, which could have implications for the London insurance market. As AI and other emerging risks outpace traditional insurance models, there may be opportunities for London underwriters to innovate and offer new products. Lloyd's significant presence in the California E&S market shows the value of maintaining strong relationships and understanding local market dynamics. The influx of global capital and focus on new risks may also influence policy wording and pricing strategies for London market participants.