RenaissanceRe Holdings Ltd. · NYSE:RNR
RenaissanceRe — Investor Presentation (November 2017)
12 slides from RenaissanceRe's investor presentation, Nov 29, 2017
Slide 1: Improving Natural Catastrophe Resiliency: Insurance vs. Intervention
Improving Natural Catastrophe Resiliency: Insurance vs. Intervention Unintended Consequences: When Intervention Makes Things Worse 29 November 2017 John M. Huff
Slide 2: Introduction
Improving Natural Catastrophe Resiliency: Insurance vs. Intervention Introduction Role of Public & Private Sectors Opportunities in U.S. Flood Opportunities in U.S. Quake Leveraging industry expertise for consumer benefit Month Day, Year 2
Slide 3: Introduction: Recovering regulator
Improving Natural Catastrophe Resiliency: Insurance vs. Intervention Introduction: Recovering regulator What’s best for the consumer Month Day, Year 3
Slide 4: Proper Roles of Public Sector and Private Sector
Improving Natural Catastrophe Resiliency: Insurance vs. Intervention Proper Roles of: Public Sector Private Sector Month Day, Year 4
Slide 5: Opportunities in U.S. Flood
Improving Natural Catastrophe Resiliency: Insurance vs. Intervention Opportunities in U.S. Flood Month Day, Year 5
Slide 6: National Flood Insurance Program (NFIP): Reauthorization and Reform
National Flood Insurance Program (NFIP): Reauthorization and Reform • 21st Century Flood Reform Act – passed U.S. House • Reforms the 1968 created NFIP: Challenges=Opportunities • NFIP has $30B debt; only 12% U.S. homes covered (III) • Dec 8th expiration; proposed renewal is 5 year • Expands private
Slide 7: Could private sector flood be competitive?
Could private sector flood be competitive? • July 2017 Milliman Market Feasibility Study • Florida, Texas & Louisiana – 56% of NFIP State NFIP Homes Est. Homes % Risks Proj <NFIP Prem Florida 958,764 4,300,000 77% Louisiana 410,216 1,200,000 69% Texas 527,249 6,100,000 92% Month Day, Year 7
Slide 8: NFIP Reinsurance
NFIP Reinsurance NFIP Reinsurance Program will: • Diversify the tools the U.S. FEMA (Federal Emergency Management Agency) uses to manage the financial consequences of major flood risk by obtaining reinsurance; • Lay the cornerstone for a multi-year program; • Extend the NFIP’s claims-paying ability
Slide 9: NFIP Reinsurance
NFIP Reinsurance • FEMA began using reinsurance in 2016, when it tested the reinsurance market with just $1 million of flood reinsurance for the NFIP from September 19, 2016 through until March 19, 2017 • Followed up with a January 2017 reinsurance placement of $1.024 billion of coverage, supplied b
Slide 10: Opportunities in U.S. Quake: California Earthquake Authority and beyond
Improving Natural Catastrophe Resiliency: Insurance vs. Intervention Opportunities in U.S. Quake: California Earthquake Authority and beyond Month Day, Year 10
Slide 11: Leveraging industry expertise for consumer benefit
Improving Natural Catastrophe Resiliency: Insurance vs. Intervention Leveraging industry expertise for consumer benefit Month Day, Year 11
Slide 12: Thank you
Thank you John M. Huff Dentons US LLP 4520 Main Street Suite 1100 Kansas City, MO 64111-7700 United States Dentons is the world's largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award win
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