Captain Planet says:
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Write comp all day, man. P&C on agribusiness – we TOTALLY understand long tail, not to mention severity. It’s our world. Perhaps you are the one in need of a refresher, Yogi.
Only one year passed before PM was downgraded by AMBest after their CEO made statements in the above thread about her companies ‘nimbleness’ offsetting their small (surplus) size.
Apparently, someone is in need of a refresher course about market pricing, especially long-tail lines like WC. The PM problem was initially due to under-funded net property liabilities due to NatCats. Their auto book was mentioned in the article as one source of the problems associated with AMB’s down-grade decision; i.e. under-pricing BOP and PPA IN THE MARKET to replace the decreased prop cat exposure revenue.
In:
Insurance Leaders Urged to Engage the Smarter People in the Room
By Mark Hollmer | February 5, 2019
https://www.insurancejournal.com/news/national/2019/02/05/516815.htm/?comments
On Feb 8, 2019, @ 12:46pm,Capt Platitude wrote:
Captain Planet says:
Like or Dislike:
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Write comp all day, man. P&C on agribusiness – we TOTALLY understand long tail, not to mention severity. It’s our world. Perhaps you are the one in need of a refresher, Yogi.
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Only one year passed before PM was downgraded by AMBest after their CEO made statements in the above thread about her companies ‘nimbleness’ offsetting their small (surplus) size.
Apparently, someone is in need of a refresher course about market pricing, especially long-tail lines like WC. The PM problem was initially due to under-funded net property liabilities due to NatCats. Their auto book was mentioned in the article as one source of the problems associated with AMB’s down-grade decision; i.e. under-pricing BOP and PPA IN THE MARKET to replace the decreased prop cat exposure revenue.