Posts Tagged ‘Kimmel (Bob)’



December 1st, 2010

Chart: Managing General Agents/Program Administrators Survey Results: Services

Posted at 10:50 AM ET

Guy Carpenter’s survey of managing general agents and program administrators demonstrated that carriers are still flexible with regard to the services that MGAs/PAs provide, including system use and claim handling. Ninety-eight percent of respondents expect the MGA/PA to underwrite, rate, quote and bind the business, as well as issue and service policies, up slightly from 95 percent in 2009 and showing another year of growth relative to 2008’s 80 percent.

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November 25th, 2010

Chart: Managing General Agents/Program Administrators Survey Results: Personal Lines Appetite

Posted at 1:00 AM ET

Guy Carpenter’s survey of managing general agents and program administrators demonsrated that interest in growing personal lines was modest, with umbrella and auto lines garnering 7.7 percent of the attention of respondents each. There was no indicated interest in growing medical lines of business, and only 2.6 percent of survey participants expressed an appetite for more homeowners business.

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November 25th, 2010

Chart: Managing General Agents/Program Administrators Survey Results: Commercial Lines Appetite

Posted at 1:00 AM ET

Guy Carpenter’s survey of managing general agents and program administrators demonsrated that interest in growing most commercial lines was low. General liability stood out, with 67.5 percent of respondents indicating an appetite for it. Property, inland marine and auto liability also resonated with many respondents - at 50 percent, 47.5 percent and 42.5 percent, respectively. For the remainder, less than a third of survey participants indicated an appetite for growth. Generally, we see MGAs becoming more sophisticated as they focus on more complex commercial risks using cutting edge analytical and underwriting tools.

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November 18th, 2010

Change and Consistency; Guy Carpenter Specialty Insurance Program Issuing Carrier Survey: Index

Posted at 1:00 AM ET
Robert J. Kimmel,  Program Specialty Practice Leader, Carl A. Bach, Program Specialty Practice and John H. Barrows, Program Specialty Practice
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Little has changed at the core of the Program Administrators and Managing General Agents (MGA/PA) market from last year, though there has been activity in targeted areas. In general, the MGA/PA space has shown progress in recovering from the 2008 financial crisis and subsequent recession, indicating resilience, consistency and strength. Yet, over the past five years, since Guy Carpenter & Company, LLC (”Guy Carpenter”) began tracking the MGA/PA market, there have been some significant shifts, showing that the market has matured.

Click here to read Change and Consistency; Guy Carpenter Specialty Insurance Program Issuing Carrier Survey, Part I:  Market Size, Challenges >>

Click here to read Change and Consistency; Guy Carpenter Specialty Insurance Program Issuing Carrier Survey, Part II: Program Appetite and Size, Operating Platform 

Click here to read Change and Consistency; Guy Carpenter Specialty Insurance Program Issuing Carrier Survey, Part III: Reinsurance Purchase, Respondents, Acquisitions >>

Link to full PDF of report >>

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November 17th, 2010

Change and Consistency; Guy Carpenter Specialty Insurance Program Issuing Carrier Survey, Part III: Reinsurance Purchase, Respondents, Acquisitions

Posted at 1:00 AM ET
Robert J. Kimmel,  Program Specialty Practice Leader, Carl A. Bach, Program Specialty Practice and John H. Barrows, Program Specialty Practice
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Reinsurance Purchasing

Reinsurance continues to play an important role for program issuing carriers. Only 5 percent of respondents this year indicated that they work exclusively with direct reinsurers (up from none last year). Meanwhile, 35 percent work with reinsurance intermediaries, and 60 percent use a combination of intermediaries and direct reinsurers - virtually unchanged from last year. Yet, it’s still a vast departure from 2008, in which 83 percent used both intermediaries and direct reinsurers.

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November 16th, 2010

Change and Consistency; Guy Carpenter Specialty Insurance Program Issuing Carrier Survey, Part II: Program Appetite and Size, Operating Platform

Posted at 1:00 AM ET
Robert J. Kimmel,  Program Specialty Practice Leader, Carl A. Bach, Program Specialty Practice and John H. Barrows, Program Specialty Practice
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Program Appetite

Program appetite suggests growth potential. Most MGAs/PAs want to know the program sizes in which carriers are interested relative to annual minimum GWP thresholds. Survey results indicate that there is interest in programs of almost all sizes. Twenty percent of the respondents are targeting programs with GWP above USD15 million, and 32 percent are targeting programs with USD10 million to USD15 million in GWP, with nearly half (48 percent) looking for programs with GWP of under USD10 million.

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November 15th, 2010

Change and Consistency; Guy Carpenter Specialty Insurance Program Issuing Carrier Survey, Part I: Market Size, Challenges

Posted at 1:00 AM ET

Robert J. Kimmel,  Program Specialty Practice Leader, Carl A. Bach, Program Specialty Practice and John H. Barrows, Program Specialty Practice

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Executive Summary

Little has changed at the core of the Program Administrators and Managing General Agents (MGA/PA) market from last year, though there has been activity in targeted areas. In general, the MGA/PA space has shown progress in recovering from the 2008 financial crisis and subsequent recession, indicating resilience, consistency and strength. Yet, over the past five years, since Guy Carpenter & Company, LLC (”Guy Carpenter”) began tracking the MGA/PA market, there have been some significant shifts, showing that the market has matured.

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November 11th, 2010

PAs and MGAs Identify Key Challenges

Posted at 4:38 PM ET
Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, today published the results of its yearly survey of the Program Administrators and Managing General Agents (PA/MGA) market.

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