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BMS News

Article – Analysis of PIAA members 2011 reported data

David Spiegler, Executive Vice President and Chief Actuary at BMS appears in the Physician Insurer Magazine, Second Quarter edition.

David talks about the findings of the BMS analysis of the 2011 data reported for the PIAA group of member companies.

Click here to read a PDF of the Article

“Reprinted from the Second Quarter 2012 issue of Physician Insurer Magazine, Physician Insurers Association of America. Copyright, 2012.”

Click here for more information on the BMS Analytical Services Team and Products.

A.M. Best 2012 Review & Preview Conference – P&C Highlights

Brett Bordelon, VP BMS Analytical Services, discusses the recent A.M. Best Review & Preview Conference and below is his summary report from the event.

A.M. Best 2012 Review & Preview Conference – P&C Highlights. This year, A.M. Best held its Review & Preview Conference on March 12-14 in Naples, FL. At the conference, A.M. Best and other insurance industry leaders provided their insights on the industry’s performance in 2011 and viewpoints on where the industry is heading in 2012. Senior A.M. Best analysts also gave presentations rich with insights on the rating process and rating methodologies.

Click on the link to read BMS’ P&C-focused recounting of many of the conference’s highlights.

Click here for our Analytical Services information page.

Analytics Feature – Asset classes & the MPL insurer

Mike Larson, BMS EVP and Head of Actuarial Services featured the Physician Insurer Magazine discussing the role of various asset classes in the portfolio of an MPL insurer.

Click here to read the full article

Reprinted from the first Quarter 2012 issue of Physician Insurer Magazine, Physician Insurers Association of America. Copyright, 2012.

Analytical Feature: Physician Insurer

Dave Spiegler, EVP & Chief Actuary and Mike Larson, EVP, featured in the Foresight feature in the Physician Insurer –  debating the interplay between the financial markets, medical professional liability (MPL) insurance companies’ rates and reserves and how MLP companies should be preparing for the next stage of the insurance cycle.

Click here to view the PDF of the full article

Reprinted from the fourth Quarter 2011 issue of Physician Insurer Magazine, Physician Insurers Association of America. Copyright, 2011.

A new hire for BMS highlights it commitment to achieving its vision

Insider Fac Magazine reviewed BMS’ expansion plans, prompted by the appointment of Steve Galleger as EVP. Formerly of Aon Benfield, Galleger’s responsibilities will include building BMS’ US reinsurance platform and developing customised reinsurance and risk management solutions for property, casualty and specialty insurers. Steve will start at BMS in December and will be based in the BMS US hub office in Minneapolis.

CEO Carl Beardmore is quoted saying: “This marks another important step in the development and extension of our US operations and is further evidence of our ability to attract key producers to join BMS.”

The article reviews how BMS continues to demonstrate its commitment to building its US platform and service offering to clients, with a number of new hires over the last few months, including two new senior hires joining the Analytics Team; Julie Serakos and Mike Larson.

For the full article please click here to go to the Insider Fac website

BMS continues to bolster Minneapolis office

BMS’ newest hire featured in Insurance Insider today.

Steve Galleger, EVP, joins BMS to help drive the build out of its US reinsurance platform and to develop and deliver customised reinsurance and risk management solutions for Property, Casualty and Speciality insurers. He will be based in the Minneapolis office.

The article also highlights the expansion of the BMS Analytics team with recent recruited Julie Serakos as executive vice president of catastrophe modelling and Mike Larson as executive vice president and actuary for BMS Intermediaries.

For the full article go The Insurance Insider website

The MPL Market – What’s the Prognosis?

Since 2006 the Medical Professional Liability (MPL) market has become increasingly competitive, but it remains both healthy and profitable, particularly when compared to other casualty lines. The key challenge faced by the Physician Insurers Association of America (PIAA) member companies is whether they can reverse the declining trend in profitability before the market hits the unprofitable levels experienced in the early 2000’s.

BMS’s recent analysis looks at the results of PIAA member companies (who make up more than 50% of the MPL market) from 2001 – 2010 to look at where results have been and where they might be heading.

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BMS expands its analytics team with two new senior hires

Independent global broker BMS Group today announces that it is continuing to invest in its analytics business with the appointment of two industry experts:

  • Julie Serakos, Executive Vice President, Catastrophe Modelling
  • Mike Larson, Executive Vice President and Actuary for BMS Intermediaries

Julie will join BMS this week to lead the Catastrophe Modelling department.  She joins from Willis Re where she built up the company’s catastrophe risk modelling and advisory services business becoming the Executive Vice President in their Property Resource Division.

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Catastrophe Modelling – New models & the Atlantic wind season

As the Atlantic wind season begins, David Spiegler, EVP & Chief Actuary, features in the Global Reinsurance Special Report: Financial Modelling. He highlights how cat modelling has massively improved the ability of companies to understand where their exposures are and manage those risks more affectively.

Read the PDF of the full article.

For more from Global Reinsurance visit their website at http://www.globalreinsurance.com/.