Property Market Overview
|
|
- Dwain Miles
- 5 years ago
- Views:
Transcription
1 Property Market Overview Richard Terlecki, CPCU, ARM, ARe Area Senior Vice President January 12, Power Broker Aviation
2 Events Taking Place in
3 2017 Will Be Record Year For Industry Cat Losses The re/insurance industry will bear record catastrophe losses of $135 billion in 2017 following hurricanes Harvey, Irma and Maria as well as a severe earthquake in Mexico, according to Munich Re s calculations. It also notes that overall losses including uninsured losses amounted to $330 billion, the second-highest figure ever recorded for natural disasters. The only costlier year so far was 2011, when the Tohoku earthquake in Japan contributed to overall losses of $354 billion in today s dollars. 3
4 Property and Casualty Industry Results Net Income After Taxes The chart shows: Industry net income after taxes for the first half of the year (adjusted for inflation). The takeaway: Even before three major hurricanes and the California wildfires, profits were declining for
5 Commercial Lines Combined Ratio F* 2017 Combined Ratio is expected to be in the 109.5% range. That will make 2017 the worst year since 2001 and 2002 with the 9/11 catastrophe. 5
6 Let s Sum Up Current Market Conditions A market that has been underpriced for several years, especially in shorttail lines. Today, margins are thin. + Prices in 2017 fell to their lowest point in 17 years, according to a Guy Carpenter index of global property-catastrophe reinsurance pricing. + Reinsurance costs are increasingly driven by alternative capital; these investors will support the market post-event but are also demanding higher returns going forward. + In the wake of these events, the returns shareholders expect from catastrophe-exposed re/insurers will only go up. = Conversations with brokers and clients at renewal are likely to have a different dynamic compared with the last several years. 6
7 What Can You or Your Broker Do 1. Hope that you are in a Multiple (2 or 3 Year) rate stabilization program or with FM Global on a Successive Renewal Agreement 2. Go to Market early, give your broker and you plenty of time to negotiate. Carriers do not want to lose business and competition will give you negotiating leverage. 3. Especially if you are in a Shared and Layered program be ready to rehang the pieces differently. 4. Prepare a long term (5-10 years) premium vs. losses paid chart, depending on which time frame is more advantageous. 5. Be slightly willing to negotiate deductibles or terms in exchange for premium increase. Underwriters must show they got something if it was not premium. 7
8 Finally What Can You Expect (No Crystal Ball) 1. Because of excessive capacity the later in the year your renewal the better off you may be. Unless 2018 is a bad year also then you may be worse off. 2. A flat renewal would be an absolute win for any client in If you have beat the price down yearly for the last 10 years expect underwriters to not swing the hatchet lightly. 4. The highest increases we are seeing for January 1 renewals are 5% for loss free programs and up 10% to 20% percent for loss affected business. 5. I have had two January renewals one loss free program with a 2% rate increase and one where the insurer was underwater with a 35% increase. 8
9 Update on Blockchain & Lemonade Within the plethora of articles we have provided you with there is one on Blockchain that you heard of here first. 23 new brokers and re/insurers help to test market There is now a working market testing prototype of this distributed ledger technology Lemonade gets $120M investment from Softbank, other investors include Google, Sequoia Capital, etc. Property and casualty policies for homeowners and renters in eight states licensed currently in 25 states in all. Included a recent article in your packet on Lemonade also 9
10 BREXIT Potential Impacts on the Global (Re)Insurance Industry Brexit will dominate 2018 Contingency plans already in place Lloyd s has made it clear that it is not Lloyd s of London Lloyd s has established a hub in Brussels to ensure access to a single market following UK s departure Little to no affect on global market 10
11 2015 Property & Casualty Insurance Regulatory Report Card *Not Graded: District of Columbia Source: R Street Insurance Regulation Report Card, December
12 How You Rate Large Insurance Carriers and Brokers Overall customer satisfaction with large commercial insurers increased in 2017 Insurers focused more on tailored and diversified products for you Understanding your needs is one of the most significant performance metric for insurers Five factors were measured for insurers 1. Service interaction 2. Program offerings 3. Price 4. Billing process 5. Claims On a 1,000 point scale insurers rank is as follows: 1. XL Catlin ranks highest with a score of Chubb ranks second at The Hartford ranks third at
13 How You Rate Large Insurance Carriers and Brokers Satisfaction with brokers is based on ten attributes: 1. Quality of advice and guidance provided 2. Reasonableness of fees 3. Ease of the renewal process 4. Effectiveness of risk control 5. Variety of program offerings 6. Effectiveness of program review 7. Price 8. Given services received 9. Billing and payment process 10. Claims process On a 1,000 point scale brokers rank is as follows: 1. Lockton ranks highest among brokers at Arthur J. Gallagher & Co. ranks second at Aon ranks third at 822 *This article is also included in your packet. 13
14 Thank You! Any Questions? Richard Terlecki, CPCU, ARM, ARe South Orange Avenue Orlando, FL U.S.A.
The Hanover Insurance Group, Inc.
The Hanover Insurance Group, Inc. Third Quarter 2017 Results November 2, 2017 To be read in conjunction with the press release dated November 1, 2017 and conference call scheduled for November 2, 2017
More informationUnderwriting comes first. Effectively balance risk and return. Operate nimbly through the cycle. Analyst Presentation Q3 2017
Underwriting comes first Effectively balance risk and return Operate nimbly through the cycle Analyst Presentation Q3 2017 November 2017 www.lancashiregroup.com Safe harbour statements NOTE REGARDING FORWARD-LOOKING
More informationREINSURANCE MARKET OVERVIEW. Bucharest, 18 October 2017
REINSURANCE MARKET OVERVIEW Bucharest, 18 October 217 AVERAGE RATE MOVEMENTS BY LINE OF BUSINESS AT 1 JANUARY RENEWAL PROPERTY & CASUALTY US Property-Cat Western Europe Property-Cat Asia Pacific Property-Cat
More informationInterim Management Statement
Interim Management Statement Hamilton, Bermuda (7 November 2017) Hiscox Ltd (LSE:HSX), the international specialist insurer, today issues its Interim Management Statement for the first nine months of the
More informationCanadian Property/Casualty Insurance Industry
Canadian Property/Casualty Insurance Industry Raymond Thomson, CPCU, ARe, ARM Associate Director Gordon McLean Senior Financial Analyst A.M. Best Annual Insurance Market Briefing Canada September 5, 2018
More informationReinsurance in the Aftermath: Impact of 2017 Storms and Quakes
Reinsurance in the Aftermath: Impact of 2017 Storms and Quakes 2018 World Captive Forum January 31 February 2, 2018 Fort Lauderdale, FL #WorldCaptiveForum Michael Woodroffe President Agenda 2017 Market
More information2016 Annual Results. Lloyd s
2016 Annual Results Lloyd s Disclaimer This information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary
More information3. The European reinsurance sector
3. The European reinsurance sector 2017 was dominated by the hurricane trio of Harvey, Irma and Maria, which made it the costliest year ever for the insurance industry. Overall, the final insurance bill
More information2017 Interim Results. Analyst Presentation. Lloyd s
2017 Interim Results Analyst Presentation Lloyd s Disclaimer This information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution
More informationProperty/Casualty Insurance Results: 2017
Property/Casualty Insurance Results: 2017 By Neil Spector, President, ISO, and Robert Gordon, Senior Vice President for Policy, Research and International, PCI Private U.S. property/casualty insurers net
More informationProperty Insurance Market Update
INSIGHTS APRIL 2018 Property Insurance Market Update At a glance AUSTRALIA Circa AUD $1.7 billion Cyclone Debbie estimated loss The combined ratio for Fire and ISR in the Australian market remained above
More informationFitch Ratings: 2018 Global Reinsurance Outlook
Fitch Ratings: 2018 Global Reinsurance Outlook Graham Coutts, Director, Insurance, Fitch Ratings Harish Gohil, Managing Director, Insurance, Fitch Ratings 26 September 2017 Agenda Operating Environment
More informationHe holds the Chartered Property Casualty Underwriter and Associate in Reinsurance designations.
Reinsurance Overview Tuesday, May 9, 2017, 1:00 p.m. Gary Myers, CPCU, ARe Lost Woods Re, LLC Centralia, Mo. Gary Myers is a familiar figure to many in the property/casualty insurance industry. Starting
More informationFirst Mutual Transportation Assurance Company. Finance Committee Presentation. May 21, 2018
First Mutual Transportation Assurance Finance Committee Presentation May 21, 2018 0 FMTAC Overview The First Mutual Transportation Assurance (FMTAC), an insurance subsidiary of MTA, was the first Captive
More informationFoundations of Reinsurance
Foundations of Reinsurance Monday, September 23, 2013, 1:30 p.m. Marsha A. Cohen Senior Vice President & Director of Education Reinsurance Association of America Washington, D.C. Marsha A. Cohen is senior
More informationAon Risk Solutions. Real Estate Practice. Fact-based Solutions for Real Estate Risk Management. Risk. Reinsurance. Human Resources.
Aon Risk Solutions Real Estate Practice Fact-based Solutions for Real Estate Risk Management Risk. Reinsurance. Human Resources. Do these problems sound familiar? My insurance broker doesn t understand
More informationIntroducing XL Catlin Five ways we ll power your business.
Introducing XL Catlin Five ways we ll power your business. Separately, XL and Catlin were two strong, innovative companies. Together, we re even stronger. Contents Meet XL Catlin People to people Underwriting
More informationREPORT OF THE BOARD OF DIRECTORS
ANNUAL REPORT 2017 Dear Shareholders, The Directors of the Arab Insurance Group (B.S.C.) (Arig) are pleased to present the Company s 37th Annual Report and Consolidated Financial Statements for the 2017
More informationHomeowners' ROE Outlook. October 2018
Homeowners' ROE Outlook October 8 Homeowners: Growing, Profitable, and Continued Opportunities to Differentiate through Innovation The past several editions of this study described homeowners as a growth
More informationYear / Project / Study Name J.D. Power and RIMS 2014 Commercial Insurance Report
1 J.D. Power Customer Experience Framework and Index Methodology 2014 Large Commercial Insurance Study SM (TLT023) Speakers: Timothy Bebout J.D. Power Insurance PracLce Lmothy.bebout@jdpa.com Andrew Parker
More informationThe Importance and Development of Catastrophe Models
The University of Akron IdeaExchange@UAkron Honors Research Projects The Dr. Gary B. and Pamela S. Williams Honors College Spring 2018 The Importance and Development of Catastrophe Models Kevin Schwall
More informationReinsurance Market Update June 1 - Florida
Reinsurance Market Update June 1 - Florida Catastrophe reinsurance renewal pricing covering risks in Florida at June 1 increased by 10 to 15 percent. The June 1 renewal date is most significant in the
More informationIts inclusion in this document is not intended to be an update or reaffirmation of the forward-looking information as of any later date.
INVESTOR HANDOUT NOVEMBER 2017 NASDAQ: CINF This presentation contains forward-looking statements that involve risks and uncertainties. Please refer to our various filings with the U.S. Securities and
More informationMike Phillips David Carra Dan Keehan Michael Sparkes MS Amlin
Real Estate A global leader MS Amlin is a leading insurer and reinsurer, and part of the global top-10 insurance group MS&AD. With a 300-year record and more than 2,400 people in 26 locations worldwide,
More informationwillis re Conserving 1 April 2009 of 10
willis re 1ST view 1 April 2009 Conserving capital of 10 TABLE OF CONTENTS RENEWALS 1 APRIL 2009 Introduction 3 Casualty Territory and Placement Type 4 Territory and Comments 4 Rates 4 Specialties Line
More informationPROPERTY & CASUALTY MARKET OUTLOOK
PROPERTY & CASUALTY MARKET OUTLOOK 2018-2019 TABLE OF CONTENTS 3 - MARKET FORCES 7 - GENERAL LIABILITY 4 - PROPERTY 7 - EXCESS / UMBRELLA 5 - WORKERS COMPENSATION 8 - DIRECTORS & OFFICERS 6 - AUTO 8 -
More informationInsurance Market Update. Prepared for the AGA Risk Management Committee July 25, 2016
Insurance Market Update Prepared for the AGA Risk Management Committee July 25, 2016 agenda Market Review Casualty Market Property Market Emerging Risk Forecast Construction Risk Partners Established in
More information@ Metn, FINANCE AND BUDGET COMMITTEE APRIL 14,2010 SUBJECT: PROPERTY INSURANCE PROGRAM FOR OPERATIONS
@ Metn, Metropolitan Transportation Authority One Gateway Plaza 213.g22.2000 Te Los Angeles, CA 90072-2952 metro.net 13 FINANCE AND BUDGET COMMITTEE APRIL 14,2010 SUBJECT: ACTION: PURCHASE ALL RISK PROPERTY
More informationInsurance: Vanguard of the Resilient
Insurance: Vanguard of the Resilient Elevate Conference Salt Lake City, Utah February 12, 2019 James Lynch, Chief Actuary and Vice President of Research and Education Insurance Information Institute Washington,
More informationConference Call on Interim Report 3/2017
Conference Call on Interim Report 3/2017 Hannover, 8 November 2017 Q3 losses absorbed within quarterly earnings Positive Q3 result supported by sale of listed equities Group Gross written premium: EUR
More informationILS MARKET UPDATE. Strong Close to Year Pushes 2011 Issuance Volume over $4 Billion WILLIS CAPITAL MARKETS & ADVISORY
Strong Close to Year Pushes 211 Issuance Volume over $4 Billion WILLIS CAPITAL MARKETS & ADVISORY Q4 211 Cat Bond Market Issuance The fourth quarter has been an active one for new catastrophe bond issuance
More informationINVESTOR Presentation
INVESTOR Presentation F I R S T Q U A RT E R 2 0 1 8 Everest Re Group, Ltd Seon Place, 4 th Floor 141 Front Street P.O. Box HM 845 Hamilton HM D19, Bermuda CAUTIONARY NOTE ON Forward-looking Statements
More informationThe three C s: How consolidation, customization and collaboration will continue to impact commercial brokers in 2018
www.pwc.com/us/insurance The three C s: How consolidation, customization and collaboration will continue to impact commercial brokers in 2018 January 2018 2 PwC Top issues The three C s: How consolidation,
More informationCapital Punishment: Why Earning a Fair Rate of Return is Tougher than Ever in the P/C Insurance Business
Capital Punishment: Why Earning a Fair Rate of Return is Tougher than Ever in the P/C Insurance Business International Union of Marine Insurers New York, NY September 16, 2002 Robert P. Hartwig, Ph.D.,
More informationMunich, 09 November 2017 Press release. Natural catastrophes dominate in third quarter Significant market recovery expected
Munich, 09 November Natural catastrophes dominate in third quarter Significant market recovery expected Contact Media Relations Munich Re (Group) Jörg Allgäuer Tel.: +49 (89) 3891-8202 Fax: +49 (89) 3891-78202
More informationInformation Paper Business Administration Committee Annual Operational Insurance Policy Renewals. October 2012
M E T R O P O L I T A N W A S H I N G T O N A I R P O R T S A U T H O R I T Y Information Paper Business Administration Committee Annual Operational Insurance Policy Renewals October 2012 1 M E T R O P
More informationFourth Quarter and Full Year Highlights
Exhibit 99.1 The Hanover Reports Fourth Quarter Net Income and Operating Income of $1.20 and $2.00 per Diluted Share, Respectively; Fourth Quarter Combined Ratio of 95.1%; Combined Ratio Excluding Catastrophes
More informationProperty Claim Services. Claims and Crime Analytics. PCS Full-Year 2013 Catastrophe Bond Report: Underlying Change
Property Claim Services Claims and Crime Analytics PCS Full-Year 2013 Catastrophe Bond Report: Underlying Change OVERVIEW Last year was the busiest in the history of the catastrophe bond market. Sponsors
More informationFIRST QUARTER MANAGING DIRECTOR S REVIEW
FIRST QUARTER I N T E R I M R E P O R T 2018 MANAGING DIRECTOR S REVIEW As expected, our results for the first quarter of 2018 are down marginally, due to the residual effects of Hurricane Irma. Total
More informationAon Benfield Fac. Capabilities Brochure
Aon Benfield Fac Capabilities Brochure Aon Benfield Fac Fac buying, once perceived as time consuming and administratively burdensome, is now accessible, efficient and strategic. Aon Benfield Fac is reducing
More informationRate Monitor Report and Quarterly U.S. Property & Casualty Profitability Analysis
Rate Monitor Report and Quarterly U.S. Property & Casualty Profitability Analysis Fourth Quarter 2016 Prepared by Aon Benfield Analytics Table of Contents Section 1 Section 2 Section 3 Section 4 Rate trends
More informationINSURANCE INNOVATION EXECUTIVE BOARD
INSURANCE INDUSTRY YEAR IN REVIEW INSURANCE INNOVATION EXECUTIVE BOARD Kenneth Saldanha March 1, 2018 LIFE & ANNUITY 1 8.0% 6.0% 4.0% 2.0% -2.0% -4.0% -6.0% -8.0% -1 FLAT PREMIUMS FOR PAST DECADE HIGHLIGHT
More informationHannover Re - growth opportunities despite the crisis? Ulrich Wallin Chief Executive Officer
Hannover Re - growth opportunities despite the crisis? Ulrich Wallin Chief Executive Officer Commerzbank, German Investment Seminar New York, 1 January 212 HR Group Diversification Cycle mgmt. non-life
More informationProperty and Casualty Update US
Property and Casualty Update US Market Update February 2018 The current insurance marketplace remains in a state of uncertainty as insurance and reinsurance carriers seek to understand the full scope of
More informationSTRENGTHENING INFRASTRUCTURE RESILIENCE THROUGH INSURANCE AND ECONOMIC INCENTIVES
STRENGTHENING INFRASTRUCTURE RESILIENCE THROUGH INSURANCE AND ECONOMIC INCENTIVES Gina Tonn Postdoctoral Research Fellow, Jeff Czajkowski Managing Director, Howard Kunreuther Academic Co-Director, Society
More informationMeeting the Challenges of Change
Natural Catastrophes - Lessons for the Indian Market from 2011 Global Experience Jyoti Majumdar Vice President, Head Cat Perils Asia Hub Swiss Reinsurance Company, Bangalore Meeting the Challenges of Change
More informationHomeowners' ROE Outlook
Aon Benfield Homeowners' ROE Outlook Growth. Divergent Markets. Technological Innovation. October 7 Homeowners: Growth. Divergent Markets. Technological Innovation. The estimated prospective ROE for homeowners
More informationThe Role of ERM in Reinsurance Decisions
The Role of ERM in Reinsurance Decisions Abbe S. Bensimon, FCAS, MAAA ERM Symposium Chicago, March 29, 2007 1 Agenda A Different Framework for Reinsurance Decision-Making An ERM Approach for Reinsurance
More information2015 Interim Results
2015 Interim Results Highlights Solid achievement in the first six months with a profit of 1.19bn and RoC of 10.7% 1 Combined ratio of 89.5% outperforms that of our competitor group for H1 by 3.3 percentage
More informationManaging Risk For Financially Successful Families
Managing Risk For Financially Successful Families Guide To Finding The Right Insurance Partners Personal Risk Services Contents Executive Summary 03 What to Look for in a Family Insurance Team 03 Who will
More informationGlobal reinsurance: current challenges and outlook
Global reinsurance: current challenges and outlook Nikolaj Beck Head Specialties Swiss Re Corporate Solutions Swiss Re Holding Reinsurance Corporate Solutions Admin Re Mission To be the world's leading
More informationOverview on ILS; NatCat exposure. Juergen Graeber, Member of the Executive Board/COO non-life
Juergen Graeber, Member of the Executive Board/COO non-life 16th International Investors' Day Frankfurt, 23 October 2013 ILS: More than simply catastrophe bonds Transfer of risks to capital markets Insurance
More informationMUNICIPAL EXCESS LIABILITY JOINT INSURANCE FUND 9 Campus Drive, Suite 216 Parsippany, NJ Telephone (201) BULLETIN MEL 18-02
Date: January 1, 2018 MUNICIPAL EXCESS LIABILITY JOINT INSURANCE FUND 9 Campus Drive, Suite 216 Parsippany, NJ 07054 Telephone (201) 881-7632 BULLETIN MEL 18-02 To: From: Re: Fund Commissioners of Member
More informationMay 1, 2018 FIRST QUARTER 2018 SUMMARY. Underwriting Results by Segment. Property Segment
RenaissanceRe Reports Net Income of $56.7 Million for the First Quarter of, or $1.42 Per Diluted Common Share; Quarterly Operating Income of $135.2 Million or $3.40 Per Diluted Common Share May 1, PEMBROKE,
More informationAustralia and New Zealand
Executive Summary July 1 Renewals Update Catastrophe reinsurance pricing decreased moderately more aggressively for higher margin U.S. business than witnessed at January and June renewals. Catastrophe
More informationState of the Insurance Industry: 21 st Century Resilience
State of the Insurance Industry: 21 st Century Resilience The Importance of Insurance and Risk Mitigation in the Future of Cities and Towns Lloyd s Day Fullerton, California October 2, 2018 I.I.I. Mission
More informationRenaissanceRe. Casualty Treaty
Syndicate 1458 Casualty Treaty Syndicate 1458 Casualty Treaty operates at Lloyd s of London through Syndicate 1458, which was established in 2009. is a leading global provider of property catastrophe and
More informationINVESTOR Presentation
INVESTOR Presentation F O U R T H Q U A R T E R 2 0 1 8 Everest Re Group, Ltd Seon Place, 4 th Floor 141 Front Street P.O. Box HM 845 Hamilton HM D19, Bermuda CAUTIONARY NOTE ON Forward-looking Statements
More informationCurrent issues on P&C and L&H reinsurance. Ulrich Wallin, Chief Executive Officer
Current issues on P&C and L&H reinsurance Ulrich Wallin, Chief Executive Officer 20th International Investors' Day Frankfurt, 19 October 2017 Update on NatCat US mortality business Insurance market losses
More informationEVEREST RE GROUP, LTD.
INVESTOR PRESENTATION THIRD QUARTER 2017 EVEREST RE GROUP, LTD SEON PLACE, 141 FRONT STREET, 4TH FLOOR HAMILTON HM 19, BERMUDA Cautionary Note on Forward-looking Statements This presentation contains forward-looking
More informationSpecialty Distribution and You
Specialty Distribution and You 1 AmWINS PROPERTY PRACTICE BY THE NUMBERS #1 Property Wholesaler Broker in the U.S. $2.4 B Annual Premium 111,193 Submissions received annually 48,187 Accounts bound annually
More informationCaptive Reinsurance Characteristics- How to Tame the Unique Animal
Captive Reinsurance Characteristics- How to Tame the Unique Animal Bill Hodson- Vice President, Axiom Re, Inc. Garry Coulter- Executive Vice President, USA Risk Intermediaries Mike Petrocik- Vice President
More informationProperty & Casualty Insurance Proposal Executive Summary
& Casualty Insurance Proposal Executive Summary Clay County School District June 30, 2016 to June 30, 2017 Presented June 9, 2016 Jori L. Van der Voort, ARM Area Senior Vice President Jori_Van_der_Voort@ajg.com
More informationSCOR demonstrates its shock-absorbing capacity
Third Quarter and First Nine Months Results SCOR demonstrates its shock-absorbing capacity Key highlights The third quarter of is marked by an exceptional series of large natural catastrophes, with hurricanes
More informationConsiderations When Developing Actuarially Sound Rates for Lender Placed Property Insurance
Considerations When Developing Actuarially Sound Rates for Lender Placed Property Insurance Sheri L. Scott, FCAS, MAAA Consulting Actuary, Milliman Inc. NAIC August 9, 2012 Meeting Discussion Topics 1.
More informationFourth Quarter 2017 And Full Year 2017 Financial Results And 2018 Key Business Metrics Outlook
The Hartford Financial Services Group, Inc. February 8, 2018 Fourth Quarter 2017 And Full Year 2017 Financial Results And 2018 Key Business Metrics Outlook On December 3, 2017, The Hartford entered into
More informationProperty & Casualty Insurance Proposal Executive Summary
Property & Casualty Insurance Proposal Executive Summary Clay County School District June 30, 2018 to June 30, 2019 Jori L. Van der Voort, ARM Area Senior Vice President Jori_Van_der_Voort@ajg.com 305-639-3166
More informationWillis Re 1st View. Plenty of capacity, plenty of capital. Renewals 1 April Contents. 1st View Willis Re Renewals 1 April 2008
1st View Willis Re Willis Re 1st View Plenty of capacity, plenty of capital As predicted in the previous edition of 1st View, the global reinsurance industry posted exceptionally strong financial results
More informationA.M. Best October 2018 Lloyd s. Best s Rating of Lloyd s 2018
A.M. Best October 2018 Lloyd s Best s Rating of Lloyd s 2018 October 2018 One Lime Street London EC3M 7HA United Kingdom Web: www.lloyds.com AMB#: 85202 AIIN#: AA-1122000 Best s Credit Report: Lloyd s
More informationROBERT P. HARTWIG, PH.D., CPCU
ROBERT P. HARTWIG, PH.D., CPCU Clinical Associate Professor of Finance Darla Moore School of Business University of South Carolina 1014 Greene Street Office 427A Columbia, SC 29208 803.777.6782 Robert.Hartwig@moore.sc.edu
More informationCatastrophe Risk Modelling. Foundational Considerations Regarding Catastrophe Analytics
Catastrophe Risk Modelling Foundational Considerations Regarding Catastrophe Analytics What are Catastrophe Models? Computer Programs Tools that Quantify and Price Risk Mathematically Represent the Characteristics
More informationAon Risk Solution Seminar -AGCS perspective. Axel Theis, CEO Allianz Global Corporate & Specialty September 16, 2010
Aon Risk Solution Seminar -AGCS perspective Axel Theis, CEO Allianz Global Corporate & Specialty September 16, 010 Content 1 Corporate & Specialty Market: Snapshot and Outlook 3 What drives the outlook
More informationHurricane Andrew (1992) Photo credit: FEMA
Hurricane Andrew (1992) Photo credit: FEMA 20% 18% 17.75% Florida Citizens CAT Bonds Attachment (Default) Probability Coupon 16% 14% 12% 10% 10.00% 8% 7.50% 6% 4% 2.71% 2.91% 2.89% 2% 0% Series 2012 Series
More informationInsurance Property. What sets us apart?
Insurance Property What sets us apart? 1 What makes Introduction us a great risk partner? 1 Client-focused 2 Easy to work with 2 Flexible approach 3 Global programs 4 Innovative risk management solutions
More informationMunich Re posts a profit of around 1bn in the second quarter
Munich, 09 August Munich Re posts a profit of around 1bn in the second quarter Contact Media Relations Munich, Johanna Weber Tel.: +49 (89) 3891-2695 Fax: +49 (89) 3891-72695 jweber@munichre.com Münchener
More informationAssurant, Inc. (Exact Name of Registrant as Specified in Charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationSyndicate Business Forecasts
Novae Syndicates Limited Syndicate Business Forecasts February 2009 Introduction The business plan information summarised here relates solely to Syndicate 2007 managed by Novae Syndicates Limited. Most
More informationPress Conference. Annual Results Hannover, 7 March 2019
Press Conference Annual Results 2018 Hannover, 7 March 2019 Agenda 1 2 3 4 5 6 7 Group overview Property & Casualty reinsurance Life & Health reinsurance Investments Solvency II reporting as at 31 December
More informationThe Importance of Insurance to Economic Growth and Security: An open invitation to dialogue
The Importance of Insurance to Economic Growth and Security: An open invitation to dialogue Fostering long-term, sustainable growth is a goal shared by government and industry alike. Much has been written
More informationThe Hartford Financial Services Group, Inc. July 27, 2015 SECOND QUARTER 2015 FINANCIAL RESULTS PRESENTATION
The Hartford Financial Services Group, Inc. July 27, 2015 SECOND QUARTER 2015 FINANCIAL RESULTS PRESENTATION Safe Harbor Statement Certain statements made in this presentation should be considered forward-looking
More informationMAY 7 10, 2017 MONTAGE PALMETTO BLUFF RESORT, BLUFFTON, SC. A Berkshire Hathaway Company
MAY 7 10, 2017 MONTAGE PALMETTO BLUFF RESORT, BLUFFTON, SC A Berkshire Hathaway Company MAY 7-10, 2017 MONTAGE PALMETTO BLUFF RESORT, BLUFFTON, SC Spring CEO Conference Kara Raiguel Spring CEO Conference
More informationReal World Case Study: Using Location Intelligence to Manage Risk Exposures. Giles Holland Aggregation Monitoring & BI Analyst
Real World Case Study: Using Location Intelligence to Manage Risk Exposures Giles Holland Aggregation Monitoring & BI Analyst 1 Overview Who Amlin are Why Amlin need MapInfo Development of Amlin s exposure
More informationCatastrophe Exposures & Insurance Industry Catastrophe Management Practices. American Academy of Actuaries Catastrophe Management Work Group
Catastrophe Exposures & Insurance Industry Catastrophe Management Practices American Academy of Actuaries Catastrophe Management Work Group Overview Introduction What is a Catastrophe? Insurer Capital
More informationOperating and financial review (unaudited) 2017
Operating and financial review (unaudited) 207 Results for the year ended December 3, 207 2 Operating and financial review The operating and financial review is the management analysis of the business
More informationStability and Capacity of Property Liability Insurance Markets. Neil Doherty Cartagena, Colombia May 2007
Stability and Capacity of Property Liability Insurance Markets Neil Doherty Cartagena, Colombia May 2007 1.4 1.3 1.2 1.1 1 0.9 0.8 0.7 0.6 Market Stability: Combined Ratio in Colombia Life P&C 1975 1976
More informationPartnerRe Ltd. Reports Second Quarter and Half Year 2018 Results
News Release Reports Second Quarter and Half Year 2018 Results Second Quarter Net income available to common shareholder of $125 million, resulting in an Annualized Net Income ROE of 8.4% Non-life combined
More informationQ Earnings Presentation
Q4 2017 Earnings Presentation February 1, 2018 Cautionary Note Regarding Forward Looking Statements This presentation contains forward-looking statements. Statements that are not historical facts, including
More informationAnthony Cowie Swiss Re September 28, 2007 AIMU/IMUA Seminar New York, NY. Cargo Accumulation
Anthony Cowie Swiss Re September 28, 2007 AIMU/IMUA Seminar New York, NY Cargo Accumulation Cargo Accumulation Agenda Why are we more concerned today? Accumulation Examples Estimating cargo accumulations
More informationLiberty Mutual Insurance Reports Third Quarter 2017 Results
Liberty Mutual Insurance Reports Third Quarter 2017 Results BOSTON, Mass., November 2, 2017 Liberty Mutual Holding Company Inc. and its subsidiaries (collectively LMHC or the Company ) reported net loss
More information2018 Interim Results. Analyst Presentation 21 September Lloyd s
2018 Interim Results Analyst Presentation 21 September 2018 Lloyd s Disclaimer This information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where
More informationCatastrophe Reinsurance Pricing
Catastrophe Reinsurance Pricing Science, Art or Both? By Joseph Qiu, Ming Li, Qin Wang and Bo Wang Insurers using catastrophe reinsurance, a critical financial management tool with complex pricing, can
More informationClosing the performance gap. Lloyd s
Closing the performance gap Closing the performance gap Market environment PMD s oversight approach Portfolio gap Capital & Planning Group (CPG) process Key focus areas Jon Hancock, Performance Management
More informationSTATE OF THE MARKET Q1 2018
STATE OF THE MARKET Q1 2018 The insurance market is dynamic. In order to provide timely intelligence, AmWINS is committed to providing our clients updates as developments arise. With the 1/1 treaty renewals
More informationProperty & Casualty Insurance Proposal Executive Summary
Property & Casualty Insurance Proposal Executive Summary Clay County School District June 30, 2018 to June 30, 2019 Jori L. Van der Voort, ARM Area Senior Vice President Jori_Van_der_Voort@ajg.com 305-639-3116
More informationHomeowners ROE Outlook
Aon Benfield Homeowners ROE Outlook October 21 Risk. Reinsurance. Human Resources. Homeowners: Positive Outlook, Expanding Growth Opportunities For a nationwide, personal lines insurer the overall outlook
More informationWelcome to Hannover Re's Analysts' Conference. Annual Results 2017
Welcome to Hannover Re's Analysts' Conference Annual Results 2017 Frankfurt, 13 March 2018 Satisfactory result despite exceptionally high NatCat losses RoE at 10.9% exceeds target GWP 16,354 in m. NPE
More informationMorgan Stanley Financials Conference
RenaissanceRe Holdings Ltd. Morgan Stanley Financials Conference Jeffrey D. Kelly Chief Financial Officer Aditya K. Dutt President of Renaissance Underwriting Managers, Ltd. June 11, 2013 Safe Harbor Statement
More informationBermuda s Class 4 Insurers and Reinsurers
Brad Kading Association of Bermuda Insurers and Reinsurers Bermuda s Class 4 Insurers and Reinsurers May 30, 2006 IAIS Reinsurance Subcommittee Association of Bermuda Insurers and Reinsurers 22 Class 4
More informationConference Call on Half-yearly Report 2016
Conference Call on Half-yearly Report 2016 Hannover, 4 August 2016 Half-year results in line with full-year targets...... but Q2/2016 performance weaker than previous quarters Group Gross written premium:
More informationJ.P Morgan Fixed Income Conference. March 2004
J.P Morgan Fixed Income Conference March 2004 Forward Looking Statements and Basis of Presentation This presentation may include forward looking statements that contain words and phrases such as may, expects,
More information