Trubshaw and Martin top the US Property Cat Rankings for third consecutive year
Richard Trubshaw of Managing Agency Partners comfortably claimed top place on the underwriting league table in the 2020 edition of the US Property Cat Rankings, after having won the title in the prior two years.
He came out well ahead of other top-ranked underwriters but secured around 20 percent fewer votes year on year. Nonetheless, the 20 brokers who voted for him gave an overall score of 49, beating runner-up Richard Holden of Fidelis Insurance by 21 points.
Trubshaw received support from a broad spectrum of voters, with differing ranges of experience in the market although – not surprisingly – 50 percent of supporters were brokers with over 20 years’ experience.
His remaining votes came equally from those with under 10 years’ experience and those having between 10 and 20 years’ experience.
He also garnered two thirds of his votes from brokers who had previously not voted for him in previous editions of the survey.
Second place again went to Fidelis’ Holden while third was taken by RenaissanceRe’s John Carty, who moved up from fourth in 2019.
Chaucer’s James Holliss dropped off the podium, sharing fourth with Matthew Gorrell of Axa XL.
Elsewhere, Matthew Bellamy of Fidelis Insurance was one of the big movers on the underwriting side this year, finishing joint eighth, up from 22nd in 2019. Bellamy had not featured in the inaugural 2018 US Property Cat Rankings.
At the other end of the spectrum, Christian Marx of Scor did not feature on the league table this year, having come fourth in the 2019 survey.
The podium for the broking side of the US Property Cat Rankings has kept the same three members since the start of the survey in 2018.
Guy Carpenter’s Tim Martin won the top accolade for the third year in a row as 14 underwriters voted for him, up slightly from 12 in 2019.
Although his vote count notched up, his overall score decreased to 28 from 32 in 2019. This was because there were not as many underwriters placing Martin as their top-choice broker this year compared to last year. Under the Borda count methodology, nominees receive more points when a respondent identifies them as their top choice, and this year the proportion of Martin’s nominations from underwriters placing him at the top fell from 75 percent to 29 percent.
That said, the majority of Martin’s votes came from the most experienced underwriters. More than 25 percent of his nominations derived from participants with over 20 years’ experience and some 50 percent arose from those with 10 to 20 years’ experience.
Second place was taken by Simon Rowland of Aon’s Reinsurance Solutions, who held onto the same position he had achieved in 2019.
Rowland shared second with Guy Carpenter’s Simon Keeley in 2019. However, Keeley slid down to third this year as his overall score lagged Rowland’s by four points, despite an equal number of votes.
One of the biggest risers on the broking side in 2020 was George Blackwell of Alwen Hough Johnson, who climbed up to joint fourth after ranking 18th in 2019 and 2018.
He tripled his vote count in 2020 after garnering much support from underwriters with over 20 years’ experience in the market.
Blackwell has been working at Alwen Hough Johnson for almost 10 years and has been in the market for over 17 years, according to his LinkedIn profile.
He shared fourth position with Aon’s Dave Nicholson.
Elsewhere, the 2020 Rankings survey featured 126 US property cat brokers in total, of which 70 received nominations in the prior year. Furthermore, 44 brokers have held a position on these rankings in every year the survey has run.
To download the headline results, or for details on how to get the full results, click here.