BMS’ Stefano Nicolini, senior vice president with BMS Retro, featured in David Pilla’s article – ‘Curbing Enthusiasm: Industry Loss Warranty Pricing Was Set for Sharp Gains After 2011 Losses.’
The article reflects on the mild catastrophe year and the effects on the ILW pricing. Stefano talked about how there was a lot of loss activity in the beginning of 2012, driving higher expectations for the ILW market. He also discussed how if the rest of 2012 plays out without large loss activity, he thinks clients will be looking to buy addition protection in the fourth quarter, especially after the shock losses from the Thailand floods at the end of 2011.
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