Transcript Hindsight is 20/20 PowerPoint Presentation

2011 D&O
Symposium
20 – 20 Hindsight
What did it look like?
Courtesy of Latty
New York City ~ February 2 & 3, 2011
History of Your Favorite
Underwriters (80+ years
of experience)
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Young
Brash
Good Looking
Smarter than a Fifth Grader?
Athletes
Style
Family
Results = Today
FLOODY
JOEY O!!!
RAFF
OPEN DISCUSSION
Rapid Fire
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Blue light special: Pay for 2, get 3 yrs
Deploying $25 Million ABC Capacity
Market Capitalization
Reinsurance
Rescission
Outside Counsel
Legal Expenses
Who Knew?
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Actuaries
Risk Modeling
Executive Compensation
Jail or No Jail
Settle before Adjudication
Independent Directors
More or Less Sleep
Beg 4 forgiveness
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Sixty (60) D&O Insurers
Building for tomorrow
Underwriting Criteria
Credit Market
Due Diligence
Decision Making
HMMMMM
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Multi-year deals
Mid-term quotes
Enhanced broker compensation
Most concerning recent coverage
enhancement
Hindsight and Foresight:
The Crystal Ball
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Emerging failed bank issue
Industry consolidation
Biggest current frustration
Biggest current concern
Worst account-specific underwriting
decision you ever made
Do Tell
• Are you each shrinking your books
dramatically? What are you telling
senior management?
• Are you pegging your 2009 loss ratios
meaningfully higher than 2008 or
2007?
• Do you believe you can create a
meaningfully better loss ratio than your
peers over time?
SuperBowl
• STEELERS
OR
• PACKERS
AUDIENCE SPEAKS OUT
• Questions
• Concerns
• Observations
• Time for Cocktails