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Tuesday, Jun 09,2009, 10:24:52 AM   Click:

OLDWICK, N.J.--(BUSINESS WIRE)--More than 1,100 insurance industry professionals have registered for a live Webcast set for Thursday, June 11, at 11 a.m. EDT. Due to demand, extra capacity is now available. The free event is a joint presentation of the A.M. Best Co. and the National Association of Professional Surplus Lines Offices (NAPSLO). Industry leaders will review the state of the market for specialty insurance in light of a new survey conducted by NAPSLO. Visit www.ambest.com/excess09 to register.

Participants in the one-hour discussion include:

  • Paul Springman, President and Chief Operating Officer, Markel Corp
  • Marla Donovan, Vice President, Burns & Wilcox
  • Kevin Westrope, President and CEO, Westrope
  • Richard Kerr, Chairman and CEO, MarketScout Corporation
  • Duncan McColl of A.M. Best Co.’s Property/Casualty rating division

The panel will examine today’s market for specialty insurance, also known as surplus lines, excess and surplus, or non-admitted coverage. They will also survey pricing and availability, and changes in the financial strength of the specialty insurance sector of the property/casualty industry. Best’s Review®, A.M. Best’s monthly news magazine, will cover this topic in the September issue and will feature content from the Webcast.

Topics covered in the panel discussion will include:

  • The state of insurance capacity and the availability of various lines of coverage
  • How terms and limitations may be changing for various lines of specialty coverage
  • How pricing, availability and retention experience have been affected for insurance coverage of: property, catastrophe-exposed property, casualty, professional liability, directors and officers (both public and private), healthcare and medical liability, excess and umbrella, and environmental and transportation
  • Financial strength of insurers serving the specialty lines industry

Registrants for the free event are encouraged to send in comments and questions for the discussion portion of the presentation. The Webcast will be available worldwide via a link provided upon registration.

NAPSLO is a national trade association representing the surplus lines industry and the wholesale insurance marketing system. Visit them online at www.napslo.org.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.

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