Managing Partner, Hilb Rogal and Hobbs of Metropolitan Washington, Inc.
Member of the Insurance Council
Joseph Delaney is a Managing Partner at Willis HRH of Metropolitan Washington, D.C., a brokerage which places general and specialty insurance (including property/casualty, aviation, and employee benefits) with major underwriters on behalf of its targeted clients (middle-market businesses), as well as individuals and national corporations. He began his insurance career as a Directors & Officers Liability Underwriter with the Chubb Group of Insurance Companies in New York. Mr. Delaney has held various positions in the commercial insurance brokerage arena including National Surety Bond Resource, Producer, and Account Executive for a variety of commercial clients ranging from REITS, Manufacturers, and Diversified Financial Institutions to Multi-Employer Pension Plans. He holds the Chartered Property and Casualty Underwriter (CPCU) professional designation. (This is me - Update Profile)
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April 22, 2008
Insurers Overly Focused On Cat Models, Says Expert | www.propertyandcasualtyinsurancenews.com
Primary insurers and reinsurers will demand that catastrophic modeling be used in order to justify their underwriting decisions of this type of insurance. These newer models in conjunction with in-house capacity aggregation tools (Insurers now know where and how much of their capacity is in play) will guide their underwriting decisions from windstorm and earthquake to workers compensation in terrorism prone cities like DC and NYC. The process is another way to spread the risk, so that any one insurer does not take a huge hit from any one event. Using technology to spread risk will utimately decrease volatility in insurance markets.
| Study Group Name | No. Members |
|---|---|
| Experts in the Leisure & Lodging Council | 4887 |
| Experts in the Automotive Council | 3422 |
| US P&C Insurance Pricing Trend Experts | 1858 |
| Personal and Commercial P&C Insurance Brokers | 742 |
| Economic Experts on Managed Care | 714 |
Joseph Delaney has not participated in any GLG Live Meetings.