• Dowling & Partners


    Comprised of 15 analysts, our Equity Research team is in constant contact with management of both public and private companies to keep our clients abreast of industry trends and new developments. Our boutique model of “all insurance, all the time” allows our dedicated five person sales team to respond to our client’s needs quickly and provide timely access to senior research analysts. 


    a deeper dive on borrower-paid monthly premium mortgage insurance pricing

    Natioanl MI has filed a new BPMI rate card in a few states for a pilot/selective program that we believe has the potential to drive materially revised pricing across the industry if it gains traction with any material lenders. As we have seen in the past, one-off or selective discounting practices in MI can ultimately prove ineffective from a competitive standpoint and even hurt overall returns if the entire industry is forced to follow suit  See our report for more detail


    d&p The Frequency Conundrum. ALL & GEICO See What Others Don't

    While auto loss cost frequency is clearly increasing, the magnitude has varied by company.  ALL and GEICO saw worse frequency trends which stood out against peers.  The cause of increased frequency remains somewhat unknown and it is unclear if this is the start to a steady rise of if frequency will settle at current levels.  Regardless, both ALL & GEICO, some of the faster growing companies in the market, are on a path to increase rates.  This will serve to benefit Progressive and other large writers, at least in the near term.  See IBNR #29, 2015 for more details



    2015 (re)insurance "roadmap"... our annual updated implications for wind season

    With the 2015 Atlantic Hurricane Season now underway, and the 6/1 property cat renewal date for the "peak zone," we review all things hurricane-season related.  As part of our annual reinsurance roadmap, we take a closer look at the impact of the lack of major hurricane losses on earnings/TVC for our composite = both earnings (post tipping point) & capital management have been benefitted, adding ~3pts annually to TVC since 2006.  See IBNR #20 for more detail