Brokerage

E&S Broker - Excess & Surplus Lines Broker

Contracted by a specialty carrier, not admitted to the direct insurance marketplace, to be that carrier's broker representative to develop and facilitate insurance placements of interest, acceptance and bound by that insurer.

E&S Broker is only contracted by specialty carriers, and as their broker, they do not have authority to make decisions for the insurer relative to the business that is finally accepted and priced directly by the insurer itself. They follow the instructions of their carriers.

 (Definition provided by AAMGA)