Assess whether umbrella attachment is too thin for the hazard (5c0e25)

SITUATION After a reserve increase that blows the account's loss ratio, renewal large-loss narratives that contradict the application is what D&O specialist can touch in a cedent submitting a property treaty with thin bordereaux. Insurance Underwriting will live with Bind versus Restrict on this Specialty Liability file.

DECISION D&O specialist in a cedent submitting a property treaty with thin bordereaux must choose Bind / Restrict / Decline / Hold using renewal large-loss narratives that contradict the application after a reserve increase that blows the account's loss ratio.

HYPOTHESES TO TEST 1. A reserve increase that blows the account's loss ratio is noise around an already-controlled Specialty Liability process in a cedent submitting a property treaty with thin bordereaux, given renewal large-loss narratives that contradict the application. 2. A reserve increase that blows the account's loss ratio is the event in renewal large-loss narratives that contradict the application that forces Bind for D&O specialist under Insurance Underwriting. 3. Renewal large-loss narratives that contradict the application shows a one-file miss after a reserve increase that blows the account's loss ratio, not a Specialty Liability program failure. 4. Renewal large-loss narratives that contradict the application cannot decide umbrella attachment is too thin yet after a reserve increase that blows the account's loss ratio; hold is the only Insurance Underwriting close a cedent submitting a property treaty with thin bordereaux can defend.

ANALYSIS REQUIRED 1. Test exposure, limits, and endorsement language in renewal large-loss narratives that contradict the application after a reserve increase that blows the account's loss ratio. 2. Flag any accumulation fact renewal large-loss narratives that contradict the application does not price. 3. Compare treaty versus facultative treatment for the risk umbrella attachment is too thin names. 4. For this Insurance Underwriting Specialty Liability file, read renewal large-loss narratives that contradict the application against a reserve increase that blows the account's loss ratio and write the one fact that would move umbrella attachment is too thin for D&O specialist.

RECOMMENDATION Choose Bind / Restrict / Decline / Hold on this Insurance Underwriting / Specialty Liability packet (renewal large-loss narratives that contradict the application after a reserve increase that blows the account's loss ratio). Lead with the Insurance Underwriting option renewal large-loss narratives that contradict the application can support after a reserve increase that blows the account's loss ratio, then the two facts that force it, then the Monday action for D&O specialist in a cedent submitting a property treaty with thin bordereaux.