NAPSLO 2016 Atlanta, GA September 26 28 2016 NAPSLO Agenda How a - - PowerPoint PPT Presentation

NAPSLO 2016

Atlanta, GA September 26‐28

The Standard of Excellence in Property Catastrophe Insurance

www.amrisc.com

• “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 ”

2016 NAPSLO Agenda

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Producer Stats

$0.0 $5.0 $10.0 $15.0 $20.0 $25.0 $30.0

$28.80

$7.30 $3.50 $0.81

In Millions ($)

YTD Premium by Office Average

Diamond Sapphire Platinum Gold

www.amrisc.com

Overview

Largest CAT Property MGA 4th Largest MGA in US $4.5 Billion ITD GWP for E&S $612M GWP in 2016 $2.1 Billion ITD GWP for AmCoastal $275M Admitted in 2016 “Best in Class” vs. “best class” Product Specialist Underwriting Organization 172 Professionals (66 UWs) focused on CAT Property

E&S Carriers Admitted Carrier

Managing Over $6 Billion PML capacity

Premium Split Brokerage Agency % Total

E&S

90% 10% 70%

Admitted

68% 32% 30% Split B/A 83% 17% 100%

www.amrisc.com

Producers & Underw riting Divisions

• TOP TIER COMMERCIAL CAT PROPERTY WITH $300M+ PER RISK CAT
• AMERICAN COASTAL FOR FLORIDA CONDOS

General Property

• COASTAL INDUSTRIAL $250M+ PER RISK
• BUILDER’S RISK – SUSTAINED GROWTH WITH $200M+ PER RISK CAT

Technical Risks

• COASTAL PUBLIC ENTITY & LARGE SCHEDULES ‐ $300M+ PER RISK CAT
• AMRISC PRIMARY FOR SHARED AND LAYERED PROGRAMS

National Accounts

• MARKET LEADER IN COMMERCIAL PROPERTY AND E&S CONDOS FOR COASTAL STATES FROM

CAROLINA NORTH

Eastern Seaboard

• GL QUOTE WITH ACIC
• AMRISC ONLINE FOR $5M TIV AND BELOW
• DIC CAL EQ $125M+ PER RISK

Specialty Products

www.amrisc.com

Portfolio Overview

Florida 45% Texas 20% GA, NC, SC 8% AL, LA, MS 13% Other 7%

E&S TIV by Sta te

Apartments 28% Professional Technical & Business 24% Tech ‐ Industrial, Mfg, Bldrs Risk 19% Condos 14% Munis & Schools 15% Other 0%

E&S Prem ium Sp lit

E&S

Policy Count

7,863 4,659

Av era ge TIV

$30M $11.1M

Av era ge Prem ium

$132K $61K

25 125 380 643 613 27 204 307 262

100 200 300 400 500 600 700 800 900 1000

E&S Admitted

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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

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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
• ffered 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

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CAT % Model Price* Tim eline

*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)

100% MP = “still profitable”

~115%CAT MP JULY 2016 Charley, Francie, Ivan, Jeanne Katrina, Rita, Wilma Financial Crisis 3Q08 ‐ 2009 RMS 11 Feb 2011

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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

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UPC & ACIC Merger*

* Announced August 17, 2016 – Expected Close 1Q 2017 Financially stronger combined entity Complimentary Personal & Commercial footprint in Coastal States from TX to ME ACIC Reinsurance protection unchanged for 2016 Wind season Peed joins UIHC Board as Vice‐Chairman Senior Mgmt. remains with AmRisc Extension of exclusive MGA contract for Florida Condos 5 years from close AmRisc Distribution Strategy for Admitted and E&S Products remains Property Underwriting Specialist with nearly $1 Billion of premium in force

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“ Thank You Very Much Indeed!”

Questions and Answers See you Tuesday night!