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
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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
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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
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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
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• 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
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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
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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
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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
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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
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Entities such as Religious Order Business or other Catholic Institutions (except Hospitals)
IntroductionGeneral Property & Casualty Market
TopicsIntroduction p
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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
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General P & C Question #2
YTD 2012 ‐Workers’ Compensation and Property coverage has been increasing.
Do you expect other lines to rise?
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General P & C Question #3
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?
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General P & C Question #4
From an insurer perspective what NewFrom an insurer perspective, what New Exposures/Areas of Concerns are on the Horizon for Dioceses?Horizon for Dioceses?
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General P & C Question #5
L L Sh & L T Eff ?Large Losses: Short & Long Term Effects?Does the answer differ between Casualtyand Property?
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General P & C Question #6
What are the best practices to minimize
loss adjustment issues?
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General P & C Question #7
How are the total losses for the Di b k t di ?Diocesan book trending?
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General P & C Question #8
How does a loss at an individual Diocese ff t th R li i b k?effect the Religious book?
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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?
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General Casualty Question #2
Discuss the major challenges within theDiscuss the major challenges within the Casualty & Professional lines: (i.e. Workers Compensation, EPL, Crime)Workers Compensation, EPL, Crime)
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General Casualty Question #3
What Casualty exposures are you seeingWhat Casualty exposures are you seeing having the largest fluctuation?
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General Casualty Question #4
Challenges and solutions for providingChallenges and solutions for providing coverage for Volunteers?
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Property Question #1
What regions of the Country are the toughest for property coverage thesetoughest for property coverage these days?
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Property Question #2
RMS 11: the Good, the Bad and Possible Eff t DiEffects on Dioceses
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Property Question #3
Why will floods in Thailand or other countries continue to affect the property insurance prices in the United States?States?
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Open Questions
Questions from the AudienceQuestions from the Audience
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Host Contact Information
R Pl i RPS PRep Plasencia, RPS Property
(561) 241‐4910
Shawn McCall, PSI
(630) 285‐4079
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Conclusion
Th k YThank You
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