AM Best's
Insurance Market Briefing & Networking Reception - Bermuda

AM Best’s Insurance Market Briefing & Networking Reception - Bermuda took place on Tuesday, March 7, 2023.

Senior AM Best analytical staff discussed a number of key trends and factors impacting the industry, as well as important upcoming revisions to AM Best’s rating criteria for (re)insurers. 

The presentations were followed with Q&A and a networking reception.

Topics include:

  • January renewals debrief and expectations for April and June – a look at pricing, capacity allocations and overall risk appetite
  • Florida – capacity, pricing, legal reforms and primary and secondary perils all still in play  
  • Growth of Delegated Underwriting Authority Enterprises – impact and implications for the industry as a whole
  • Specialty Fronting Model – recent observations and trends 
  • Rise of the cyber specialist insurer – armed with capital and ready to fill a void
  • Update on AM Best’s approach to Holding Company and Available Capital criteria

Agenda

TimeSessionsSpeaker
2:30 p.m.Welcoming RemarksMatthew Mosher
President & CEO
AM Best Rating Services
2:35 p.m.

AM Best Update #1

  • January 1 Renewals
  • June 1 & April 1 Forecasts
  • Trends in Cyber and Florida

Anthony Diodato
Managing Director, Analytics

Stefan Holzberger
Chief Rating Officer     

3:15 p.m.

AM Best Update #2

  • Growth of Delegated Underwriting
  • Specialty Fronting Model

Greg Williams
Senior Director, Analytics

Ken Johnson
Managing Director, Analytics

4:00 p.m.Break

4:15 p.m.

Methodology Update

  • Holding Company & Available Capital

Mahesh Mistry
Senior Director, Criteria

4:45 p.m.Networking Reception 

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