The Standard of Excellence in Property Catastrophe Insurance NAPSLO 2016 Atlanta, GA September 26 ‐ 28
2016 NAPSLO Agenda “How a re y ou d oing?” • Elite Producer Statistics “How a re w e d oing?” • AmRisc Stats “W ha t a re w e d oing?” • Update since 2015 NAPSLO “W ha t is The Ma rket d oing?” • Conditions/ Forecast… .your favorite chart • United P&C & American Coastal – A word on the planned merger Lond on Ca lling – “ a nod to w here it a ll sta rted ” www.amrisc.com
Producer Stats YTD Premium by Office Average $30.0 Diamond $25.0 $28.80 Sapphire In Millions ($) $20.0 Platinum $15.0 Gold $7.30 $10.0 $3.50 $5.0 $0.81 $0.0 www.amrisc.com
Overview Managing Over $6 Billion PML capacity Largest CAT Property MGA E&S 4 th Largest MGA in US Carriers $4.5 Billion ITD GWP for E&S $612M GWP in 2016 $2.1 Billion ITD GWP for AmCoastal $275M Admitted in 2016 Admitted “Best in Class” vs. “best class” Carrier Product Specialist Underwriting Organization Premium Split Brokerage Agency % Total E&S 90% 10% 70% 172 Professionals (66 UWs) focused on CAT Property Admitted 68% 32% 30% Split B/A 83% 17% 100% www.amrisc.com
Producers & Underw riting Divisions General Property • TOP TIER COMMERCIAL CAT PROPERTY WITH $300M+ PER RISK CAT • AMERICAN COASTAL FOR FLORIDA CONDOS Technical Risks • COASTAL INDUSTRIAL $250M+ PER RISK • BUILDER’S RISK – SUSTAINED GROWTH WITH $200M+ PER RISK CAT National Accounts • COASTAL PUBLIC ENTITY & LARGE SCHEDULES ‐ $300M+ PER RISK CAT • AMRISC PRIMARY FOR SHARED AND LAYERED PROGRAMS Eastern Seaboard • MARKET LEADER IN COMMERCIAL PROPERTY AND E&S CONDOS FOR COASTAL STATES FROM CAROLINA NORTH Specialty Products • GL QUOTE WITH ACIC • AMRISC ONLINE FOR $5M TIV AND BELOW • DIC CAL EQ $125M+ PER RISK www.amrisc.com
Portfolio Overview 1000 E&S Prem ium Sp lit E&S Admitted 900 Other Munis & 307 800 0% Schools 262 Apartments 700 15% 28% 600 Condos 500 14% 204 613 400 300 27 643 Tech ‐ 200 380 Industrial, Professional 100 25 Mfg, Bldrs Technical & 125 0 Risk Business 19% 24% E&S TIV by Sta te E&S Other 7% AL, LA, MS 13% Florida 45% 7,863 4,659 Policy Count $30M $11.1M Av era ge TIV GA, NC, SC Av era ge 8% $132K $61K Prem ium Texas 20% www.amrisc.com
2016 New & Upcom ing Products AVAILABLE NOW from Technica l Risks Div ision Stock Throughp ut (STP) STP provides all risk coverage for all stock, anyw here in the w orld, on any form of transit or storage facility Advantages include low deductibles including CAT and com petitive adjustable pricing Seam less asset protection from raw m aterials through production, distribution and point of sale Engineered Construction Risk Builders Risk coverage for light infrastructure, civil engineering construction projects, utility, transit and plant construction Targeting CAT-exposed projects w ith term s up to 36 m onths Technical Risk capacity offered on Prim ary, Full Value or follow ing Quota Share www.amrisc.com
2016 New & Upcom ing Products AVAILABLE 4Q 20 16 Cond om inium Associa tion W RAP – “CONDO PLUS PACKAGE” EXCLUSIVE product com bining E&S Coverage WRAP policy around the existing coverage offered by ACIC Enhanced coverage include 5% Inflation Guard, CAT Extra Expense, Wind-Driven Precipitation, Sew er Backup, Builders Risk along w ith increased lim its for Outdoor Property and Debris Rem oval am ong others Single Com bined Deductible and single source underw riter Sup er Na tiona l Accounts Progra m (SNAP) Shared and layered capacity for large corporations including Fortune 500 and Worldw ide if US HQ Max line of $100,000,000 per Occurrence on any layer on broker m anuscript form s www.amrisc.com
CAT % Model Price* Tim eline Charley, Francie, Ivan, Jeanne Katrina, Rita, Wilma Financial Crisis 3Q08 ‐ 2009 RMS 11 Feb 2011 ~115%CAT MP JULY 2016 100% MP = “still profitable” *RisCalc % Model Price measures technical price adequacy over time based on: Premium, Deductibles, Coverage, Terms & Conditions – not just Rate” (100% MP = 32% Design Loss Ratio) www.amrisc.com
E&S Renew al %MP Change YOY With 12 Month Moving Average 2016 Outlook – “ Continued…” Softening (~-10% MP YOY) Focus on Term s/ Conditions vs. Price New Program entrants short-term disruption www.amrisc.com
UPC & ACIC Merger* * Announced August 17, 2016 – Expected Close 1Q 2017 Property Underwriting Specialist with nearly $1 Billion of premium in force Peed joins UIHC Board as Vice ‐ Chairman Financially stronger combined entity Senior Mgmt. remains with AmRisc Extension of exclusive MGA contract for Complimentary Personal & Commercial Florida Condos 5 years from close footprint in Coastal States from TX to ME AmRisc Distribution Strategy for ACIC Reinsurance protection Admitted and E&S Products remains unchanged for 2016 Wind season www.amrisc.com
“ Thank You Very Much Indeed!” Questions and Answers See you Tuesday night! www.amrisc.com
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