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State of the Market

State of the Market. September 19th, 2007. Agenda. Introductions 5 Minute Floor Question Breakout Panel Topics Rates & Retentions Coverages Available / Markets’ Appetite for Risk Products Distribution Current Events . Panelists. Hank Haldeman The Sullivan Group Simon Hudson

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State of the Market

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  1. State of the Market September 19th, 2007

  2. Agenda • Introductions • 5 Minute Floor Question Breakout Panel Topics • Rates & Retentions • Coverages Available / Markets’ Appetite for Risk • Products • Distribution • Current Events

  3. Panelists Hank Haldeman The Sullivan Group Simon Hudson Collins and Associates, NY Nancy Murphy RSUI A.Q. (Skip) Orza RLI Insurance Company Sabrena Sally Swiss Re

  4. Floor Questions • Work with your assigned group to come up with TWO questions for the panel. • Keep away from broad, general questions; be clear and concise. • Moderators will wrap questions into the discussion.

  5. Rates, Retentions & Coverage • How are reinsurance contracts written in the past 12 months different from 1 and 2 years ago, if they are? • What is happening with rates and retentions in primary lines? • How are brokers and underwriters dealing with change? • From a profitability standpoint, are there any lines of business that concern you at this time?

  6. Coverages Available / Markets’ Appetite for Risk • Are reinsurers interested in new exposures? • How are terms and conditions in professional liability changing? • Last soft market, EPLI and private company d&o represented a lot of new premium. Which products should we be looking out for now?

  7. Products • Are there new products taking hold in the marketplace? • Are there any products that are seeing a comeback or increased interest in the current market? • What are specialty products? What makes them specialty?

  8. Distribution • Does the wholesaler play a different role in a soft market than in a hard market? • Does surplus line business play a different role? • In a soft market, what business is considered specialty? • What is underwriters’ appetite for program business?

  9. Current Events Please give your views on the impact of: • Sub-prime loan / credit crunch crisis • Global warming / climate change • Terrorism • Etc. on insurance markets and professional liability.

  10. Future events • Please make one prediction for what will happen in the professional liability insurance industry in the coming year.

  11. State of the Market September 19th, 2007 Thank you for coming!

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