2014 NAPSLO ATLANTA, GA 2014 NAPSLO AGENDA Elite Producer - - PowerPoint PPT Presentation

Catastrophe Underwriting Specialist

2014 NAPSLO

ATLANTA, GA

2014 NAPSLO

AGENDA

• Elite Producer Statistics
• AmRisc Update - General Stats/Product Updates
• Market Conditions/Forecast

COMPANY NAME

STATS

AMRISC UPDATES

• Overall Company Stats
• Capacity Providers update
• Product Updates

www.amrisc.com

Florida 47% Texas 21% Georgia, NC, SC 9% Alabama, Louisiana, Mississippi 16% Other 7%

www.amrisc.com

AmRisc remains the largest CAT-focused MGU in the United States.

Insuring over $150 Billion TIV with over 9,500 middle-market policies in-force.

Portfolio Snapshot

Real Estate 26% Other 5% Apartments 25% Industrial & Manufacturing 11% Condos 10% Munis & Schools 23%

www.amrisc.com

Total E&S ACIC

Wholesale

85% 93% 70%

Retail

15% 7% 30%

Premium Source

Year-End Projection $925M E&S~$615M

ACIC~$310M

Growth in People & Premium

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 UA 9 14 18 26 33 35 37 40 45 55 UW 7 10 18 22 29 31 39 40 46 56

Average Premium per UW ~ $17M

Capacity Expands

AM Best A

$250M per risk CAT Capacity

Over $2.5 Billion PML capacity from top-rated Catastrophe markets

AM Best A+ AM Best A AM Best A

AM Best A www.amrisc.com AM Best A AM Best A AM Best A AM Best A Demotech A’ Unsurpassed

AmRisc Product Highlights

www.amrisc.com

E&S - by Division

• General Property – The Go-To market for coastal hab & real estate
• National Accounts – AmRisc Primary for shared/layered
• Technical Risk– Builder’s Risk up to $90M Per Risk; developing Stock Throughput
• Specialty Products

– Quake - Near $50M Per Risk capacity from dedicated EQ Team – AmRisc Online ($20M for 2014): SINGLE STATE, multi-location accounts NOW ELIGIBLE – GL – Developed to be written in conjunction with ACIC FL COA’s, General Property E&S accounts, and ‘lite hazard’ Tech accounts

• Eastern Seaboard

– Real Estate Owned Portfolios – Internet Based Monthly Reporting – Higher Commissions – Excess Flood – Single Locations ONLY – Up to $25m Capacity

American Coastal (ACIC) Product Highlights

www.amrisc.com

• $200M Policy Holder Surplus
• $1.19B+ Catastrophe Treaty

Coverage

• Demotech A’ – Unsurpassed

Financial Stability Rating

• Continuing as THE market leader

for Condo and HOA Coverage in 2015

MARKET CONDITIONS/ FORECAST

• 2013 since last we met
• Marketing Moment
• Forecast

www.amrisc.com

2013 – CAT Losses

www.amrisc.com

Low CAT Losses Overall

Insured losses low relative to 10-year and 30-year averages – Globally - $31B insured loss (vs. $56B 10-yr avg) – U.S. - $13B insured loss (vs. $35B 10-yr avg) – No significant earthquakes worldwide – Minor tropical activity overall

• First year since 1982 (31 years) with only 2 hurricanes
• First year since 1968 (45 years) without a CAT 2 hurricane

Source: Munich Re; Insurance Information Institute

2014 – YTD CAT Losses

www.amrisc.com

Source: Munich Re

Insured losses in the United States in 2014 totaled $9.1 billion – far below the 2000 to 2013 average loss

• f $11.0 billion (Jan-June).
• Vs. 2000-2013 avg loss = $11.0B (Jan-June)

AmRisc Marketing Moment



“It’s a softening market”

• AmRisc has been

here before

• YE 2014 %MP &

ROC will still beat YE 2004 & 2010

• AmRisc UWs in

2014 have the tools & capacity to respond to market conditions

• The market is above

the “still-profitable” 2004

Charley Francis Ivan Jeanne Katrina Rita Wilma RMS 11 2/28/2011 Financial Crisis 2008-2009

Coastal capacity disrupted, e.g. Condos begin to leave

• pen market for Citizens

www.amrisc.com

Market Conditions and 2014 Forecast

www.amrisc.com

• Continued softening expected. It will likely take industry

loss event >$100B before softening plateaus.

• As always, AmRisc looks at account-specific, technical

price adequacy versus an arbitrary YOY rate difference or “rate change edict from on high”.

• AmRisc will continue to support our Elite Producers with

new products and enhanced service on existing products matched to market conditions.

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

Sunrise, FL

1300 Sawgrass Corporate Pkwy., Suite 144 Sunrise, FL 33323 954.233.6570

Atlanta, GA

2500 Northwinds Pkwy,

• Ste. 675

Atlanta, GA 30009 770.557.0037

Office Locations

www.amrisc.com