PROPERTY INSURANCE SUMMIT II
1pm – 2pm
Impact of Catastrophe Losses, Models and Reinsurance on Republic and
Property Insurance Markets
Parker W. Rush—President & CEO
Republic Companies Group
Why Primary Insurers Use Models
How Does Republic Use Model Output
Actual Louisiana Example of Reinsurance Pricing
Reverse Engineering the Model
Benefits of Using Cat Models
Disadvantages of Using Cat Models
The Battle of the Extremes
Pendulum Perspective Example
Effects of Cat Model Changes – Demonstrates widespread impact
Recent RMS Model Change
Level the Playing Field – Republic’s Recommendations
2pm – 3pm
Impact of Catastrophe Losses, Models and Reinsurance on Lloyds
and Nonadmitted Property Insurance Markets
Rodney Smith—Regional Director
Lloyd’s America, Inc.
Lloyd's Overview
US Production Breakdown
Realistic Disaster Scenarios
New Cat Models
Historical and current Catastrophes volume and cost
Conclusion
3pm – 4pm
Speakers Panel Questions and Answers & Summit Wrap-up