Standard & Poor’s said of PG Butler’s approach to underwriting:
- “Standard & Poor’s believes the result from Mr. Butler’s deterministic model is more conservative than an estimate from the latest version catastrophe modelling software.”
- “Mr Butler has developed an approach to underwriting retrocession risks that focuses assiduously on exposure identification and rate adequacy.”
- “The objective of Mr Butler’s analysis is to be able to set adequate attachment points and rate levels consistently for all clients and to avoid unexpected loss events and underestimating the probable maximum loss exposure.”
- “Standard & Poor’s believes that Mr. Butler has consistently produced results better than the retrocession market as a whole.”
Source: Standard & Poor’s Ratings Services Puma Press Release 20.12.06. A full copy is available on request.