AM Best: Florida Property Insurance Market Improves; Reinsurance Dependency Remains High

Derek Freihaut, Principal and Consulting Actuary for Pinnacle Actuarial Resources, said expected adverse deviation (EAD) can be a risk management tool well beyond assessing risk distribution.

Amber Wayne, Executive Vice President of Programs at Nationwide E&S/Specialty, said the program space is an attractive place to try different things.

Karel Citroen, head of municipal credit research, Conning, explains the company’s reasoning for upgrading all 50 states from “declining” to “stable,” anticipating a return to pre-pandemic economic conditions.

AM Best Financial Analyst Josie Novak highlights new research that finds the aggregate combined ratio for active Florida specialists, as well as Citizens, outperformed AM Best's personal property composite for the first time since 2017.

Matthew Donahue, managing director, fixed asset advisory services, Kroll, discusses the impact of technology, inflation and regulatory changes on asset management, and strategies to navigate economic uncertainties.

AM Best Senior Director Carlos Wong-Fupuy highlights the new Best's Market Segment Report, crediting underwriting discipline and healthy profit margins as among the contributing factors to the global reinsurance segment upgrade.

Cathy Desquesses, group chief human resources officer and head of corporate services at Swiss Re, discusses the insurance industry’s efforts to attract and retain skilled professionals, and initiatives to create an inclusive and engaging work culture.

Grace Vandecruze, director of Grace Global Capital LLC, shares her rags to riches success story as well as her insights on the insurance industry from M&A to the quest for new and diverse talent.

Jay Guin, executive vice president and chief research officer at Verisk, discusses the myriad of natural catastrophes that Canada deals with because of its diverse geography and the related challenges cat modelers face.

AM Best Senior Director Greg Williams and Associate Director Dawn Walker discuss a new Best's Market Segment Report that determines substantial premium growth in 2023 demonstrates the importance of MGAs in the insurance value chain.