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Holborn’s Adam Manus and Lloyd’s correspondent, Charles Bray, of AHJ Short-listed for Insurance Insider’s US Property Cat Awards

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On March 6th, the Insurance Insider released the nominees for its U.S. Property Cat Awards. Holborn is pleased to see one of our own, Adam Manus, recognized as a Top 5 nominee in the U.S. Property Cat Broker of the Year category. A total of 452 underwriters and brokers responded with nominees. While the winner will not be announced until April 5th, Adam’s nomination represents the client advocacy and integrity, which defines Holborn.

Since joining in 1993, Adam has risen to President & Chief Brokerage Officer and continues to work closely with clients active in the market daily. The survey noted, in particular, Adam’s honesty, analytic capacity, and creativity, which are traits on which Holborn prides itself across the board.

“I do not do anything alone; whatever I do, I do with others. We are a true team here at Holborn with the shared goal of achieving the best results for our clients. That is the simple truth,” Adam responded.

“Adam is in good company, being joined by Charles Bray of AHJ, Ltd. in the Top 5 list of nominations this year. AHJ represents many of Holborn’s clients at Lloyd’s and is a close business partner, sharing Holborn’s client-centric values. Together Charlie and Adam are supported by a strong team on both sides of the pond.

Harrison noted, “It’s a great day, when these two leaders are recognized for their hard work and contributions on behalf of Holborn’s clients, who each have unique needs and require customized solutions.”

Please join us in congratulating both Adam and Charlie for their recognition.

The full list of award categories and nominees can be found here.

Risk that is understood, managed, and clearly communicated in a way that is consumable to everyone in your organization encourages a strong risk culture. Governance, training strategies, metrics & controls, and capital allocation are techniques to ensure day-to-today adherence to your ERM program and corporate strategy. Leveraging Holborn’s comprehensive tool suite, we help tailor an ERM framework that supports managing your risks. 

One of the key objectives of an insurer’s operating strategy is to maintain an acceptable target financial strength rating. Holborn has extensive experience in helping clients balance the sometimes-conflicting objectives of growth, profitability, portfolio optimization, capital adequacy, and multiple return metrics. Our robust financial analytics enable our clients to assess multiple key performance measures and analyze how various strategic decisions could be expected to impact the company’s financials and underlying qualitative and quantitative rating factors. 

By their very nature, catastrophic property losses can wreak havoc on businesses and personal property, as well as the balance sheet. Media coverage of the devastation from a hurricane or tornado often makes these events seem “unexpected.” Even though recorded weather history is relatively limited (on a geologic scale), it’s clear that outliers, storms of extraordinary magnitude, have occurred before and will again. 

It shouldn’t be a surprise that some of the largest insured events we see are not property, but liability-driven. Losses stemming from workers’ compensation, mass tort, clash, runaway defense costs, product liability, and punitive damage judgments can quickly add up to amounts greater than most weather or fire damages. Holborn monitors the litigious US landscape, tracking the latest judicial rulings and regional and local hotspots.

Contract wordings are continuously evolving to stay on top of emerging risks such as cyber, intellectual property, and labor laws. Working together, we ensure that the proper coverage and limits are maintained.  

Holborn’s Reinsurance Security Committee (a select group of our senior managers across multiple disciplines) meets regularly to review the financial condition of each reinsurer. Each entity is closely monitored for financial and operational performance through meetings with management, rating agency activity and news releases. Our monthly newsletters keep clients informed of any noteworthy changes. 

Holborn can provide clients with access to RiskRater®, a proprietary reinsurance pricing engine designed (but not limited) to manage portfolios of mutual insurers. RiskRater® employs a systematic approach to pricing that is consistent across client companies. Smaller companies with sparse rating histories are rated with the support of defined cohorts and compared with industry information to enable a more informed view of risk. Developed to be nimble and flexible without proprietary software installations, RiskRater® requires only a connection to a centralized database, where all data (present and historical) is stored and archived, allowing access to detailed information for year over year pricing. 

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The mission of Holborn Corporation is to provide efficient tailored risk assessment and reinsurance solutions to US insurance organizations, using markets of appropriate quality. Services include risk analytics, contract and claims management, and the maintenance of trading relationships with high-quality reinsurance markets throughout the world.