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Property Renewals Tough To Control, But Risk Managers Make The Best Of It

Risk managers with early renewal dates and long-term relationships with their carriers so far have fared best when dealing with underwriters cautious about most property-catastrophe risks--and not

By Caroline McDonald | Updated on May 21, 2006

Risk managers with early renewal dates and long-term relationships with their carriers so far have fared best when dealing with underwriters cautious about most property-catastrophe risks–and not just those in hurricane-prone regions–although times have been easier in casualty lines, buyers say.

Mary Lynn Bangs, director of risk management with Omni Hotels Corp. in Irving, Texas, said her property renewals were “a little bit of a bath, but the casualty went very well. We had decreases in every line–liability, auto and umbrella.”

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