2015 NAPSLO San Diego, CA 2015 NAPSLO Agenda How are you doing? - PowerPoint PPT Presentation

The Standard of Excellence in the E&S Wind Market 2015 NAPSLO San Diego, CA

2015 NAPSLO Agenda � “How are you doing?” • Elite Producer Statistics � “How are we doing?” • AmRisc Stats � “What are we doing?” • Product “Check-in” • Update since 2014 NAPSLO � “What is The Market doing?” • Conditions/Forecast….your favorite chart � Let’s Celebrate 15 years! – But first, Q&A www.amrisc.com

The Standard of Excellence in the E&S Wind Market How are you doing? Producer Stats www.amrisc.com

PRODUCER Producer Stats LOGO www.amrisc.com

The Standard of Excellence in the E&S Wind Market How are we doing? AmRisc Stats www.amrisc.com

Premium Growth – 15 Years 1000 E&S Admitted 900 315 800 311 700 66 Underwriters 302 18 yrs avg 600 260 ~$15M per UW 500 204 231 400 163 685 300 27 603 548 106 475 200 380 365 332 287 255 100 214 125 125 100 80 55 0 25 Brokerage Agency Total $M E&S Per Risk E&S 94% 6% 100% $300M Capacity Growth $100M Admitted 71% 29% 100% 2011-2015 Split B/A 86% 14% 100%

E&S Premium – Stats E&S Premium Split E&S TIV by State Other 3% Technical Risks Other 7% 15% AL, LA, MS 16% Apartments 36% Florida 47% Condos 13% GA, NC, SC 9% Munis & Schools 13% Real Estate 20% Texas 21% Top 5 Percentage E&S Admitted PRODUCERS of GWP CRC 26 % Policy Count 5,600 4,300 AmWINS 17 % Average TIV $35M $10.6M Peachtree 11% Average $140K $73K All Risks 10 % Premium Swett 5 % Top 5 Total 69 %

The Standard of Excellence in the E&S Wind Market What are we doing? Product “Check-in” Update since 2014 www.amrisc.com

Product “Check-In” General Property $315m E&S & $323m ACIC • TOP TIER COMMERCIAL CAT PROPERTY • AMERICAN COASTAL FOR FLORIDA CONDOS Technical Risks $113m GWP • COASTAL INDUSTRIAL UP TO $250M PER RISK • BUILDER’S RISK – TREMENDOUS GROWTH – NOW $150M PER RISK CAT National Accounts $110m GWP • COASTAL PUBLIC ENTITY AND LARGE SCHEDULES • AMRISC PRIMARY FOR SHARED AND LAYERED PROGRAMS Eastern Seaboard $52m GWP • MARKET LEADER IN CAROLINA COMMERCIAL PROPERTY AND E&S CONDOS Specialty Products $41m GWP • AMRISC ONLINE: NOW INCLUDES WIND ONLY & GL INTEGRATION • EQ – $75M+ PRIMARY PER RISK CAL EQ CAPACITY ( 3X 2014 ) www.amrisc.com

Update since 2014 NAPSLO Yearend January April June August 2014 2015 2015 2015 2015 • $915M Gross • AmRisc Agency • BB&T, AmRisc, • American • E&S Standard Written Group launch American Coastal 6/1 Commission Premium Coastal purchase by Sr. INCREASE* • Incumbent Transaction Mgmt. • Moved four Wholesaler • $955M In- announced Florida counties protection • “And then there Force Premium out of High • AmRisc were five..” Demand remains MGU High Demand (June)* for E&S Counties * Carriers and • Commission American INCREASE * Coastal * Over the last 15 months, AmRisc has moved 11 counties out of High Demand and raised the standard yielding HIGHER COMMISSIONS for ALL ELITE PRODUCERS.

The Standard of Excellence in the E&S Wind Market What is the Market doing? www.amrisc.com

CAT % Model Price Timeline (with 6 month moving average) Coastal capacity ~140%CAT MP disrupted, e.g. AUG 2015 Condos begin to leave open market for Citizens Financial RMS 11 Crisis 2/28/2011 2008-2009 Charley Francis Ivan Jeanne 100% MP = “still profitable” Katrina, Rita, Wilma “% Model Price measures technical price adequacy over time based on: Premium, Deductibles, Coverage, Terms & Conditions – not just Rate” (100% MP = 32% Design Loss Ratio) ��������������

% Model Price Change Year-Over-Year 2008-2015 2015 2016 Outlook E&S %MP Change - RENEWALS vs. expiring � Softening continues � Large Industry or Financial event before softening plateaus. � ~10% MP YOY DECREASE as in previous 24 months www.amrisc.com

NAPSLO 2015 Key Takeaways: � We continue to target/expand in the coastal wind market. � Product growth will be organic � Market Challenges differ from past cycles – the past is rarely prologue. � We continue to grow with our ELITE PRODUCERS even in this challenging market. � Listen to the customer www.amrisc.com

The Standard of Excellence in the E&S Wind Market Questions & Feedback www.amrisc.com