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ALARM SE

ALARM SE. ALARM SOUTH EAST Update on the Market Bill Sulman Heath Lambert PSU 24 January 2007. 2006. A year of consolidation Stable rates Private Sector –v- Public Sector LTAs adhered to and extended Still restricted number of insurers Risk Management- insurable and not.

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ALARM SE

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  1. ALARM SE ALARM SOUTH EAST Update on the Market Bill Sulman Heath Lambert PSU 24 January 2007

  2. 2006 • A year of consolidation • Stable rates • Private Sector –v- Public Sector • LTAs adhered to and extended • Still restricted number of insurers • Risk Management- insurable and not

  3. 2006- other aspects • Mesothelioma and asbestos claims • OJEU rules- cooling off and weightings • Same players- some wins and some losses shared across the board? • London Mutual, CARIG, FireBuy • Consortia developments

  4. 2007 • Stable again- RI costs look stable • Series of catastrophes due? • Wordings and cover similar • Terrorism- any thoughts? • New Players? • Competition with ART products

  5. 2007- other issues • Regionalisation? Unitary Counties? • ART and alternatives • Children's Trusts, extended schools? • Merged authorities? • What will follow CPA? Are we ready?

  6. 2008? • Market may start to harden • Good time for long term arrangements? • Regionalisation- less business for us? • Self insurance high on agenda • Funds should be examined • Appetite- market and clients

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