A Property & Casualty UnderwritersA Property & Casualty ... · 1.6 3.4 A Property & Casualty...

1.6

3.4

A Property & Casualty Underwriters’ InsightA Property & Casualty Underwriters Insight

Hosts: Rep Plasencia, RPS PropertyShawn McCall, PSI Casualty

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IntroductionShawn McCallA Vi P id tIntroductionArea Vice President

Protected Self Insurance(A Division of Risk Placement Services, Inc)

Itasca, IL

Summary for PSI Itasca: • Wholesale broker for PSI• Wholesale broker for PSI• Property and Casualty Placement of 40 plus

Dioceses• Expertise in placing Primary & Excess Property and

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Casualty coverage for Dioceses.

IntroductionRep Plasencia

A S Vi P id tIntroductionArea Sr. Vice President Risk Placement Services, Inc.

Boca Raton, FL

Summary for RPS Boca Raton: • Wholesale broker for RPS• Property placement of Dioceses, Churches, SchoolsProperty placement of Dioceses, Churches, Schools

& Municipalities• Expertise in placing Primary & Excess Property and

Casualty coverage for catastrophe exposed risks


AGENDA:

ROUND TABLE DISCUSSION OF DIOCESAN INSURANCE ISSUES FROM INDUSTRY EXPERTS

A O CS A Q S O S OWITH PREPARED TOPICS AND QUESTIONS FROM THE AUDIENCE


IntroductionAndrew Murnieks

Vi P id tIntroduction Vice President Public & Non‐Profit Brit Global Specialty USA

Chicago, IL

Summary for Brit: • Total Premium in Religious segment: $ 9.4 Million• AM Best Rating: A , Brit Syndicate 2987‐Lloyd’s ofAM Best Rating: A , Brit Syndicate 2987 Lloyd s of

London• Specialization: Property and Casualty Excess of Self‐

Insured Retention for the Religious & Non‐Profit niches


niches• U/w Appetite: Front and Partner for BPIC, Property

up to $2.5 Million & Liability up to $10 Million

IntroductionTodd Griffith

B k /A t U d itIntroductionBroker/Agent UnderwriterChurch Mutual Insurance Company

Merrill, WI

Summary for Church Mutual: • Total Premium in Religious segment: $536 Million• AM Best Rating: AAM Best Rating: A• Specialization: Religious Institutions, Senior Living

Facilities and Religious Affiliated Colleges and Universities. U/ A tit All li Fi t D ll D d tibl


• U/w Appetite: All lines‐ First Dollar, Deductibles on Property & WC, GL in the near future

IntroductionPamela Asbury

A i t t Vi P id tIntroductionAssistant Vice President Endurance Specialty Underwriters

Los Angeles, CA

Summary for Endurance: • Total Premium in Religious segment: $ 3 Million• A.M. Best Rating: A15A.M. Best Rating: A15• Specialization: Liability Generalists for the

Religious/Public Entity/School segment• U/w Appetite: Normally attaching above $10

Milli


Million

IntroductionSusan Kostro

S i Vi P id tIntroductionSenior Vice President Ironshore Specialty Casualty

Boston, MA

Summary for Ironshore: • Total Premium in Religious segment: $3 Million• AM Best Rating: A‐ 13AM Best Rating: A 13• Specialization: Excess Casualty for Religious/Public

Entity/Higher Education• U/w Appetite: Normally attaching above $10

Milli


Million

IntroductionMichelle Intrepidi

Vi P id t S i lt M k tIntroductionVice President Specialty MarketsMunich Reinsurance America, Inc.

Chicago, IL

Summary for MunichRe: • Total Premium in Religious segment: $ 12 Million• AM Best Rating: A+AM Best Rating: A• Specialization: Public & Nonprofit Risks• U/w Appetite: Excess Property & Casualty‐above $5

Million


IntroductionRichard Gilmore

A Vi P id t B i D l tIntroductionArea Vice President Business DevelopmentSafety National Casualty Corporation

Allentown, PA

Summary for Safety National: • Total Premium in Religious segment: $3.5 Million• AM Best Rating: A 11AM Best Rating: A 11• Specialization: Excess Workers’ Compensation• Appetite: Religious Groups and Nonprofits


IntroductionSandy Barutha

Di t f U d itiIntroductionDirector of UnderwritingThe National Catholic Risk Retention Group, Inc.

Lisle, IL

Summary for TNCRRG: • Total Premium in Religious segment: $20.5 Million• AM Best Rating: No Best RatingAM Best Rating: No Best Rating• Specialization: Excess Casualty for the Catholic

Church• Appetite: Catholic Dioceses and other Catholic

E titi h R li i O d B i th


Entities such as Religious Order Business or other Catholic Institutions (except Hospitals)

IntroductionGeneral Property & Casualty Market

TopicsIntroduction p


General P & C Question #1

Which of these Factors is Most Significant in Affecting

the Current Insurance Market?the Current Insurance Market?

Combined Loss Ratios rising

N I t t INo Investment Income

Limited Reserve Releases

flInflation

Loss History

Reinsurance Cost Rising

Carrier Surplus Declining



YTD 2012 ‐Workers’ Compensation and Property coverage has been increasing.

Do you expect other lines to rise?



Taking a historical perspective of theTaking a historical perspective of the Property & Casualty Insurance market, can we expect similar market cycles tocan we expect similar market cycles to continue?



From an insurer perspective what NewFrom an insurer perspective, what New Exposures/Areas of Concerns are on the Horizon for Dioceses?Horizon for Dioceses?



L L Sh & L T Eff ?Large Losses: Short & Long Term Effects?Does the answer differ between Casualtyand Property?



What are the best practices to minimize

loss adjustment issues?



How are the total losses for the Di b k t di ?Diocesan book trending?



How does a loss at an individual Diocese ff t th R li i b k?effect the Religious book?


General Casualty Question #1

What do you estimate for rates changesWhat do you estimate for rates changes on the Casualty and Professional lines this year?this year?



Discuss the major challenges within theDiscuss the major challenges within the Casualty & Professional lines: (i.e. Workers Compensation, EPL, Crime)Workers Compensation, EPL, Crime)



What Casualty exposures are you seeingWhat Casualty exposures are you seeing having the largest fluctuation?



Challenges and solutions for providingChallenges and solutions for providing coverage for Volunteers?


Property Question #1

What regions of the Country are the toughest for property coverage thesetoughest for property coverage these days?



RMS 11: the Good, the Bad and Possible Eff t DiEffects on Dioceses



Why will floods in Thailand or other countries continue to affect the property insurance prices in the United States?States?


Open Questions

Questions from the AudienceQuestions from the Audience


Host Contact Information

R Pl i RPS PRep Plasencia, RPS Property

[email protected]

(561) 241‐4910

Shawn McCall, PSI

[email protected]

(630) 285‐4079


Conclusion

Th k YThank You


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