NU Online News Service, May 11, 11:53 a.m. EDT

The Risk Management Solutions Version 11 catastrophe model is shifting rates higher, and causing some risks to move from the admitted market back to excess and surplus lines carriers, but a leader of a managing general agent group cited concerns with the model's impact on how insurers underwrite risks.

At the 86th annual meeting of the American Association of Managing General Agents this week, Immediate Past President Mark Rothert says RMS 11 has had some impact on the availability and cost of reinsurance, causing some risks to move out of the admitted markets.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.