2013 NAPSLO S A N D I E G O, C A OVERVIEW Elite Producer - - PDF document
10/14/2013 Catastrophe Underwriting Specialist 2013 NAPSLO S A N D I E G O, C A OVERVIEW Elite Producer Statistics AmRisc Stats/Update Market Conditions/Forecast AmRisc Online www.amrisc.com 1 10/14/2013 Elite Producer
S A N D I E G O, C A
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Insuring over $100 Billion TIV with over 7,600 middle-market policies in-force.
E&S Occupancies Covered E&S TIV by State
Apartments 34.1% Real Estate 20.9% Munis & Schools 13.5% Condos 13.6% Industrial & Manufacturing 12.8% Florida 43.1% Texas 27.7% Georgia, NC, SC 8.7% Alabama, Louisiana, Mississippi 16.1% Other 4.4% Other 5.1%
100 200 300 400 500 600 700 800 900 2006 2007 2008 2009 2010 2011 2012 2013
E&S ACIC Projected E&S Projected ACIC
$650M YTD
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Total E&S ACIC Wholesale 85% 93% 70% Retail 15% 7% 30%
Premium Source 2013 Projected = $850M E&S~$543M ; ACIC~$307M
www.amrisc.com AM Best A
Manage over $2.5 Billion PML capacity from top-rated Catastrophe markets
AM Best A+ AM Best A
Demotech A’ Unsurpassed
AM Best A AM Best A AM Best A-
XL (Indian Harbor) added 11/2012 Tower Group (Hermitage or York) added 8/2012
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www.amrisc.com AmRisc Primary now reinforces the current program and can prevent competition later.
Official launch 5/2013
Consistently offers 5 to 25% stretch primary share up
to $35M per occurrence
Follow lead terms on Expiring Broker Manuscript or
Company forms
Target Real Estate, Public Entity, Lessor’s Risks,
Retail, Hospitality, and Assisted Living
Deliver the A-Rated “Basket of Securities” used in all
AmRisc products
Accept your SOV – better risk information will bring
a prompt, refined quote
Target TIV
$250M to $5B – U.S. companies with coastal
CAT exposures
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91% of all natural catastrophic losses in 2012 came from U.S.
Earthquakes - Italy Typhoon - Philippines
Total insured losses = $58B (slightly above 10-year average
Super Storm Sandy losses excess of $25B Thunderstorm event losses exceed $14B Severe drought/dry conditions led to damaging wildfires Overall Hurricane Season relatively quiet (Beryl, Debby, Isaac)
Source: Munich Re; Insurance Information Institute
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Globally - $32B insured loss U.S. - $13B insured loss No significant earthquakes worldwide Minor tropical activity overall
Source: Munich Re; Insurance Information Institute
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Capacity strong when Sandy hit; remains close to historic highs in
2013
Reinsurance markets – prices beginning to fall RMS13 relaxing constraints – response differs single or multi-model shop AmRisc Carriers using RMS11 metrics for 2013
Commercial lines pricing stable especially in CAT areas
Investment income remains weak due to persistently low interest
rates
Companies continue to maintain disciplined underwriting guidelines
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Webex and Training videos All Producers can send “in-house, online” submissions
www.amrisc.com www.amrisc.com Houston, TX
20405 SH 249, Ste. 430 Houston, TX 77070 281.257.5100 Toll Free 888.919.8142 Morehead City, NC 3710-A John Platt Drive Morehead City, NC 28557 252.247.8760 Toll Free 877.284.4900 Birmingham, AL One Metroplex Drive, Suite 230 Birmingham, AL 35209 205.414.2361 Stamford, CT 4 Landmark Square, Ste. 301 Stamford, CT 06901 203.658.9150 Davie, FL 351 SW 136 Ave, Ste. 201 Davie, FL 33325 954.889.3384 Atlanta, GA 2500 Northwinds Pkwy,
Atlanta, GA 30009 770.557.0037