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20 – 20 Hindsight What did it look like?. Courtesy of Latty. History of Your Favorite Underwriters (80+ years of experience). Young Brash Good Looking Smarter than a Fifth Grader? Athletes Style Family Results = Today. FLOODY. JOEY O!!!. RAFF. OPEN DISCUSSION. Rapid Fire.
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20 – 20 HindsightWhat did it look like? Courtesy of Latty New York City ~ February 2 & 3, 2011
History of Your Favorite Underwriters (80+ years of experience) • Young • Brash • Good Looking • Smarter than a Fifth Grader? • Athletes • Style • Family • Results = Today
Rapid Fire • Blue light special: Pay for 2, get 3 yrs • Deploying $25 Million ABC Capacity • Market Capitalization • Reinsurance • Rescission • Outside Counsel • Legal Expenses
Who Knew? • Actuaries • Risk Modeling • Executive Compensation • Jail or No Jail • Settle before Adjudication • Independent Directors • More or Less Sleep
Beg 4 forgiveness • Sixty (60) D&O Insurers • Building for tomorrow • Underwriting Criteria • Credit Market • Due Diligence • Decision Making
HMMMMM • Multi-year deals • Mid-term quotes • Enhanced broker compensation • Most concerning recent coverage enhancement
Hindsight and Foresight: The Crystal Ball • Emerging failed bank issue • Industry consolidation • Biggest current frustration • Biggest current concern • Worst account-specific underwriting decision you ever made
Do Tell • Are you each shrinking your books dramatically? What are you telling senior management? • Are you pegging your 2009 loss ratios meaningfully higher than 2008 or 2007? • Do you believe you can create a meaningfully better loss ratio than your peers over time?
SuperBowl • STEELERS OR • PACKERS
AUDIENCE SPEAKS OUT • Questions • Concerns • Observations • Time for Cocktails