December 2005 Pulse Survey Results

Impact of the 2005 Hurricanes on Captives

 

1. What loss did your captive incur from the recent hurricanes?
 Response PercentResponse Total
  None
60%18
  Less than $100,000
10%3
  Between $100,000-$1 million
16.7%5
  Over $1 million
13.3%4
Total Respondents  30
(skipped this question)  0
2. If a loss was sustained, was it
 Response PercentResponse Total
 Property
43.3%13
 Liability
10%3
 Workers Compensation
6.7%2
 Other (please specify)
46.7%14
Total Respondents  30
(skipped this question)  0
3. What impact, if any, do you believe the recent hurricanes will have on your captive? (Choose all that apply)
 Response PercentResponse Total
 No changes expected in my captive program
33.3%10
 Underwriters will want more underwriting data
23.3%7
 I expect my reinsurance capacity to shrink
36.7%11
 I expect reinsurance pricing to increase
50%15
 I expect increasing credit demands to be made on the captive
16.7%5
 I am considering using my captive to write property
3.3%1
 I am taking much more interest in understanding catastrophe loss modeling
26.7%8
 Other (please specify)
3.3%1
Total Respondents  30
(skipped this question)  0