Welcome to BMS Briefing

This is an occasional newsletter for clients. In this issue we focus on the challenges for insurers and reinsurers in the casualty market.

We are not the first to note that rates for liability lines are continuing to fall across the board. With the dot com crash but a distant memory, a benign loss period in med mal, workers' comp and many other lines, new capacity has flooded the market and rates have tumbled. But while insureds are enjoying the good times, as a specialist reinsurance and insurance broker, we know that these classes are volatile. In markets like this where risks are not straightforward, we believe success depends on being able to deconstruct the legislation and loss histories to understand the risk drivers.

We hope you find our analysis of interest and we welcome your thoughts and comments.

Anne Marie Roberts
Chief Executive Officer

Med mal difficult to diagnose
Volatility is attracting a variety of players

"Sorry" no longer the hardest word - In Brief

Legislation and risk management to bring down claims
Where will capacity come from?

Rates are dropping - In Brief

Construction liability - goldmine or landmine?
What do players need to ensure success longer term?

D&O climbs the agenda
Directors' responsibilities have never been greater

• UK
• Bermuda 
• Canada
• USA - Chicago
• USA - Burlington 
• USA - Dallas
• USA - Princeton
• USA - San Francisco 
• USA - Shelton