A.M.BestTV: Surplus Lines Executives Focus on Rising Catastrophe, Cyber Claims

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FOR IMMEDIATE RELEASE

OLDWICK - SEPTEMBER 11, 2015 12:36 PM (EDT)
In this episode of A.M.BestTV, insurance leaders at the annual National Association of Professional Surplus Lines Offices (NAPSLO) convention in San Diego, CA, talk about cyber liability claims, which are starting to have significant repercussions. In addition, some companies are reporting surprising levels of natural catastrophe losses, despite few headline events. Click on http://www.ambest.com/v.asp?v=napslo1915 to view the entire program.

"Cyber claims are high on the list in terms of a lot of changes going on in the marketplace," said David Bresnahan, executive vice president, casualty at Berkshire Hathaway Specialty Insurance. "Many excess and surplus carriers got into the cyber market, mainly capacity and excess, and now these carriers are being presented with their first claims, with some being pretty sizable. As a result, these carriers are taking a second look at their risk appetite as well as their comfort level in understanding cyber risk because prices are increasing."

Other persons appearing in this episode:

• Garick Zillgitt, senior vice president, environment, Rockhill Insurance Group;


• Njoki Wamiti, vice president & product manager, Ironhealth - Ironshore; and


• Jamie Miller, head of general property, North America Swiss Re Corporate Solutions.

For complete convention coverage, including full-length interviews, visit http://www.ambest.tv. Interviews conducted thus far include:

• Brady Kelley, executive director, NAPSLO: http://www.ambest.com/v.asp?v=kelley915 .


• David Bresnahan, executive vice president, casualty at Berkshire Hathaway Specialty Insurance: http://www.ambest.com/v.asp?v=bresnahan915 .


• Jamie Miller, head of general property, North America Swiss Re Corporate Solutions: http://www.ambest.com/v.asp?v=miller915 .


• Michael Mulray, chief underwriting officer, U.S. insurance operations, Everest National Insurance Co.: http://www.ambest.com/v.asp?v=mulray915 .


• Krista Fowler Acuna, partner, The Chartwell Law Offices, LLP: http://www.ambest.com/v.asp?v=acuna915 .


• David Lupica, division president, ACE Commercial Risk Services: http://www.ambest.com/v.asp?v=lupica915 .


• Jane McCarthy, senior vice president, global crisis management, Liberty International Underwriters: http://www.ambest.com/v.asp?v=mccarthy915 .


• Paul Hampshire, global head of risk civil construction, Liberty International Underwriters: http://www.ambest.com/v.asp?v=hampshire915 .


• Dane Lopes, U.S. head of sales and distribution, Everest National Insurance Company: http://www.ambest.com/v.asp?v=lopes915 .


• Njoki Wamiti, vice president & product manager, Ironhealth - Ironshore: http://www.ambest.com/v.asp?v=wamiti915 .


• Garick Zillgitt, senior vice president, environment, Rockhill Insurance Group: http://www.ambest.com/v.asp?v=zillgitt915 .


• Sanjay Godhwani, executive vice president, property and programs, Berkshire Hathaway Specialty Insurance: http://www.ambest.com/v.asp?v=godhwani915 .

Recent episodes of ^A.M.BestTV include:

• Global Reinsurers Contend With New Reality: A.M. Best Vice President Robert DeRose and Senior Financial Analyst Mariza Costa discuss the sweeping changes that are taking place in the global reinsurance market: http://www.ambest.com/v.asp?v=fmreinsurance915 .


• U.S. Surplus Lines Sector Sees Merger and Acquisition Spurt: Senior Financial Analyst Robert Raber discusses how the U.S. surplus lines sector has become an attractive merger and acquisition target: http://www.ambest.com/v.asp?v=fmsurpluslines915 .


• Competition Ramps Up in Canada Property/Casualty Industry: Senior Financial Analysts Jacqueline Lentz and Joel Silverthorn discuss some of the hot-button issues in the Canadian property/casualty market; such as, merger and acquisition activity, Ontario automobile rates and the overland flood coverage: http://www.ambest.com/v.asp?v=fmcanadapc915 .


• Canada Life Writers Seek Out Growth Possibilities: Managing Senior Financial Analyst Richard McMillan and Senior Financial Analyst Edward Kohlberg explore growth strategies by Canadian life insurance writers amid the low interest rate environment: http://www.ambest.com/v.asp?v=fmcanadalife915 .

^A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View ^A.M.BestTV episodes at http://www.ambest.tv .

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source.