10/15/2012 Catastrophe Underwriting Specialist 2012 NAPSLO A T L A NT A , G A OVERVIEW AmRisc Update Market Conditions/Forecast Elite Producer Statistics www.amrisc.com 1
10/15/2012 Update • Overall Stats Capacity Providers • • Product Development www.amrisc.com Overall Stats As the largest CAT-focused MGU in the United States, AmRisc is YOUR market for catastrophe-exposed risks. Insuring over $100 Billion TIV with over 6,000 middle-market policies in-force. Loss Ratio has outperformed E&S market by over 50%. E&S Occupancies Covered E&S TIV by State Other 5.1% Other 4.4% Alabama, Industrial & Louisiana, Manufacturing Mississippi 12.8% 16.1% Apartments Florida 34.1% Condos Georgia, NC, 43.1% 13.6% SC 8.7% Munis & Schools Texas Real Estate 13.5% 27.7% 20.9% www.amrisc.com 2
10/15/2012 Overall Stats Written Premium 800 700 $587.6M 600 YTD Sept. 2012 500 Premium Source 400 Total E&S ACIC 300 Wholesale 85% 95% 70% Retail 15% 5% 30% 200 100 0 2005 2006 2007 2008 2009 2010 2011 2012 E&S ACIC Projected E&S Projected ACIC www.amrisc.com Capacity Providers Manage over $2.5 Billion PML capacity from top-rated Catastrophe markets AM Best A AM Best A AM Best A+ AM Best A Demotech A’ Unsurpassed www.amrisc.com 3
10/15/2012 Product Development More PML capacity ($150M added) Additional carriers Re-launched GL product Cal EQ DIC Flood/EQ AmRisc Online (roll-out 2013) www.amrisc.com Target Business and Capacity Occupancy Target TIV Coverage Available Coastal Commercial Property Up to $2.5 billion per account Full-value up to $100 million per risk Real estate, apartments, condo associations, retail, offices, lessor’s Lead primary or lead quota-share participation – up risks, self-storage warehouses, HPR, hotels, restaurants and other to $100 million general property classes Cat capacity – per risk Coastal Public Entity $5 million to $2.5 billion per account Lead primary or lead quota-share participation – up to $100 million Cat capacity – per risk Coastal Builder’s Risk $5 million to $100 million 24-month term; $50 million per risk, except $25 commercial, residential, and public buildings up to million per risk wind capacity 24 months TECH – Industrial and Manufacturing $5 million to $500 million Full-value up to $100 million per risk plastics, wood, metal, food, textile, electrical, oil and gas, chemical warehousing Admitted Product for Florida Condo Associations – American Condos $1 million to Full limits on ISO form-based policy Coastal $100 million garden style, mid-rise, or high-rise Force Placed Foreclosed Program for Banks Mid-size community and $10 million per location and Financial Institutions regional banks $1 million occurrence/$2 million CGL (REO only) commercial, residential, and vacant risks on monthly reporting form Flood: DIC-Flood Excess of NFIP and Primary Flood CBRA Single-location accounts up to $100 $10 million per location; Zones million higher limits available for condos excess of NFIP Targets high-valued dwellings RCBAP General Liability Follows property risk target General Agg $2M/ $1M Occurrence on ISO form- Written with Property or stand-alone real estate, habitational, based policy lessor’s risk, offices and retail California Earthquake Up to $2.5 billion per account Primary, quota-share or first excess – up to Real estate, apartments, condo associations, retail, offices, lessor’s $25 million Cat capacity per risk risks, self-storage warehouses, and other general property classes www.amrisc.com 4
10/15/2012 Market Conditions/Forecast • 2011 2012 • • Forecast www.amrisc.com 2011 – CAT Losses Global Extraordinary number of severe catastrophes: earthquakes, tsunami, floods, and tornadoes $105B insured losses 2011 losses were 2.5 times 2010 insured losses U.S. $35.9B insured losses arising from 171 CAT events 5 th highest year on record Represents 51% increase over the $23.8B total in 2010 Source: Munich Re; Insurance Information Institute www.amrisc.com 5
10/15/2012 2011 – Market Conditions Capital/capacity Fell only 1.6% in 2011 due to CATs Limited excess capital in reinsurance markets – costs increased RMS11 constrained capacity and increased capital needs in some areas Underwriting Commercial lines pricing trended higher due to CAT model changes and tight reinsurance market Reserve releases continued and marginally improved ROEs Source: Barclays Capital; Insurance Information Institute www.amrisc.com January - July 2012 – CAT Losses Lower CAT losses YTD Insured losses are well below first-half 2011 and 10-year average and are on par with 30-year average Globally - $12B insured loss U.S. - $9.3B insured loss Hurricane Isaac losses are estimated up to $2B and are not included in total above $8.8B of total is from thunderstorm (tornado & hail) activity No significant earthquakes worldwide Minor tropical activity overall Source: Munich Re; Insurance Information Institute www.amrisc.com 6
10/15/2012 2013 – Market Predictions Capacity Negligible change in availability Higher scrutiny on use of capital Cost of capital remains high Underwriting discipline Growth in sophisticated price monitoring and U/W tools Pricing trends slightly up Meager investment returns will require strong U/W profit www.amrisc.com Elite Producer Statistics Company Name www.amrisc.com 7
10/15/2012 Houston, TX Morehead City, NC Birmingham, AL 20405 SH 249, Ste 430 3710-A John Platt Drive One Metroplex Drive, Suite 230 Houston, TX 77070 Morehead City, NC 28557 Birmingham, AL 35209 281.257.5100 252.247.8760 Toll Free 888.919.8142 205.414.2361 Toll Free 877.284.4900 Davie, FL Atlanta, GA Stamford, CT 4 Landmark Square Ste, 301 351 SW 136 Ave, Ste 201 2500 Northwinds Pkwy, Ste 225 Davie, FL 33325 Stamford, CT 06901 Atlanta, GA 30009 954.889.3384 203.658.9150 770.557.0037 www.amrisc.com 8
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