<br /> Regulators Focus Marine Industry Prepares Meal-Kit Delivery New IAIS Chief Sees<br /> On Asset Agreements For Autonomous Ships Serves Up New Risks Global Convergence<br /> Page 31 Page 36 Page 52 Page 67<br /> $ECEMBERs6OLUMEs)SSUE WWWBESTREVIEWCOM<br /> A.M. BEST'S MONTHLY INSURANCE MAGAZINE<br /> A New<br /> Life<br /> MetLife CFO John Hele is part<br /> of the team leading the giant<br /> life insurer into a new era.<br /> Page 24<br /> The <a title="Best's Review - December 2017 Edition page 1" href="http://viewer.zmags.com/publication/4249c2a8?page=1"> Regulators Focus Marine Indus</a> <a title="Best's Review - December 2017 Edition page 2" href="http://viewer.zmags.com/publication/4249c2a8?page=2"> The blue sea. True love. Our commitment to your</a> <a title="Best's Review - December 2017 Edition page 3" href="http://viewer.zmags.com/publication/4249c2a8?page=3"> From the Editor's Desk A New Direction and a New</a> <a title="Best's Review - December 2017 Edition page 4" href="http://viewer.zmags.com/publication/4249c2a8?page=4"> Contents A WORLD OF RISK 47-66 The world of ris</a> <a title="Best's Review - December 2017 Edition page 5" href="http://viewer.zmags.com/publication/4249c2a8?page=5"> We're invested in the people behind the numbers. </a> <a title="Best's Review - December 2017 Edition page 6" href="http://viewer.zmags.com/publication/4249c2a8?page=6"> FEATURES ASSET MANAGEMENT Contents 31 Extern</a> <a title="Best's Review - December 2017 Edition page 7" href="http://viewer.zmags.com/publication/4249c2a8?page=7"> </a> <a title="Best's Review - December 2017 Edition page 8" href="http://viewer.zmags.com/publication/4249c2a8?page=8"> Best's Review Interactive @ www.bestreview.com D</a> <a title="Best's Review - December 2017 Edition page 9" href="http://viewer.zmags.com/publication/4249c2a8?page=9"> ® The Surprising Lessons of Superstorm Sa</a> <a title="Best's Review - December 2017 Edition page 10" href="http://viewer.zmags.com/publication/4249c2a8?page=10"> Executive Changes Department Distribution </a> <a title="Best's Review - December 2017 Edition page 11" href="http://viewer.zmags.com/publication/4249c2a8?page=11"> INDESIGN_AD_TEMPLATE.indd 1 </a> <a title="Best's Review - December 2017 Edition page 12" href="http://viewer.zmags.com/publication/4249c2a8?page=12"> Department in financial services and co-founded </a> <a title="Best's Review - December 2017 Edition page 13" href="http://viewer.zmags.com/publication/4249c2a8?page=13"> We believe every customer deserves person-to-pers</a> <a title="Best's Review - December 2017 Edition page 14" href="http://viewer.zmags.com/publication/4249c2a8?page=14"> Insurance Marketing A Feather in Its Cap Depart</a> <a title="Best's Review - December 2017 Edition page 15" href="http://viewer.zmags.com/publication/4249c2a8?page=15"> Best's Calendar Best's Calendar: Trade Shows/Con</a> <a title="Best's Review - December 2017 Edition page 16" href="http://viewer.zmags.com/publication/4249c2a8?page=16"> A Global Conversation Department Cyber Issues E</a> <a title="Best's Review - December 2017 Edition page 17" href="http://viewer.zmags.com/publication/4249c2a8?page=17"> expect to be the causes of losses going forward. </a> <a title="Best's Review - December 2017 Edition page 18" href="http://viewer.zmags.com/publication/4249c2a8?page=18"> Next Wave Department Consider This L </a> <a title="Best's Review - December 2017 Edition page 19" href="http://viewer.zmags.com/publication/4249c2a8?page=19"> Spotlight on Homeowners Insurance PCI: Massachus</a> <a title="Best's Review - December 2017 Edition page 20" href="http://viewer.zmags.com/publication/4249c2a8?page=20"> Department “The regulatory framework for both th</a> <a title="Best's Review - December 2017 Edition page 21" href="http://viewer.zmags.com/publication/4249c2a8?page=21"> жжжжжжжжжжжжжжжжжжжжжжжж $125,000,000 Senior Sec</a> <a title="Best's Review - December 2017 Edition page 22" href="http://viewer.zmags.com/publication/4249c2a8?page=22"> At Large Insight The Moneyball Myth What busine</a> <a title="Best's Review - December 2017 Edition page 23" href="http://viewer.zmags.com/publication/4249c2a8?page=23"> Risk Adviser Taking Credit Insight The predict</a> <a title="Best's Review - December 2017 Edition page 24" href="http://viewer.zmags.com/publication/4249c2a8?page=24"> Technology Insight The New Reality Artificial i</a> <a title="Best's Review - December 2017 Edition page 25" href="http://viewer.zmags.com/publication/4249c2a8?page=25"> Regulatory/Law A Pandora's Box? Insight The 19</a> <a title="Best's Review - December 2017 Edition page 26" href="http://viewer.zmags.com/publication/4249c2a8?page=26"> Life Insurance NEW ERA, NEW COMPANY: John Hele, </a> <a title="Best's Review - December 2017 Edition page 27" href="http://viewer.zmags.com/publication/4249c2a8?page=27"> A New Life MetLife has transformed into a diver</a> <a title="Best's Review - December 2017 Edition page 28" href="http://viewer.zmags.com/publication/4249c2a8?page=28"> Life Insurance In his very first note to sha</a> <a title="Best's Review - December 2017 Edition page 29" href="http://viewer.zmags.com/publication/4249c2a8?page=29"> “This is a new era. In many ways, it's a new comp</a> <a title="Best's Review - December 2017 Edition page 30" href="http://viewer.zmags.com/publication/4249c2a8?page=30"> Life Insurance A separation-related charge </a> <a title="Best's Review - December 2017 Edition page 31" href="http://viewer.zmags.com/publication/4249c2a8?page=31"> “Despite the continued low interest rate env</a> <a title="Best's Review - December 2017 Edition page 32" href="http://viewer.zmags.com/publication/4249c2a8?page=32"> On Its Own Relative performance of MetLife stock </a> <a title="Best's Review - December 2017 Edition page 33" href="http://viewer.zmags.com/publication/4249c2a8?page=33"> Asset Management External Forces As insurers inc</a> <a title="Best's Review - December 2017 Edition page 34" href="http://viewer.zmags.com/publication/4249c2a8?page=34"> Asset Management I nsurance companies keep v</a> <a title="Best's Review - December 2017 Edition page 35" href="http://viewer.zmags.com/publication/4249c2a8?page=35"> A mistake insurers make is to focus on an investm</a> <a title="Best's Review - December 2017 Edition page 36" href="http://viewer.zmags.com/publication/4249c2a8?page=36"> Asset Management “Everybody wants to start an in</a> <a title="Best's Review - December 2017 Edition page 37" href="http://viewer.zmags.com/publication/4249c2a8?page=37"> convertible bonds, venture capital and bank </a> <a title="Best's Review - December 2017 Edition page 38" href="http://viewer.zmags.com/publication/4249c2a8?page=38"> SLEEK DESIGN: The Yara Birkeland, due TOLAUNCHIN </a> <a title="Best's Review - December 2017 Edition page 39" href="http://viewer.zmags.com/publication/4249c2a8?page=39"> “Imagine, in theory, a sophisticated pirate could</a> <a title="Best's Review - December 2017 Edition page 40" href="http://viewer.zmags.com/publication/4249c2a8?page=40"> Marine “In the marine environment, there are a l</a> <a title="Best's Review - December 2017 Edition page 41" href="http://viewer.zmags.com/publication/4249c2a8?page=41"> there are a lot of circumstances, such as distanc</a> <a title="Best's Review - December 2017 Edition page 42" href="http://viewer.zmags.com/publication/4249c2a8?page=42"> Marine Regulatory Hurdles Underwriters are </a> <a title="Best's Review - December 2017 Edition page 43" href="http://viewer.zmags.com/publication/4249c2a8?page=43"> U.S. Fire and Allied Lines - Top Writers by State</a> <a title="Best's Review - December 2017 Edition page 44" href="http://viewer.zmags.com/publication/4249c2a8?page=44"> Top 25 U.S. Inland Marine Writers Ranked by 2016 </a> <a title="Best's Review - December 2017 Edition page 45" href="http://viewer.zmags.com/publication/4249c2a8?page=45"> Inland Marine BUILDING EXPANSION Economic </a> <a title="Best's Review - December 2017 Edition page 46" href="http://viewer.zmags.com/publication/4249c2a8?page=46"> U.S. Inland Marine – Net Premiums Written (NPW) 1</a> <a title="Best's Review - December 2017 Edition page 47" href="http://viewer.zmags.com/publication/4249c2a8?page=47"> in demand for property-in-transit coverage (e.g.,</a> <a title="Best's Review - December 2017 Edition page 48" href="http://viewer.zmags.com/publication/4249c2a8?page=48"> U.S. Inland Marine – Net Underwriting Performance</a> <a title="Best's Review - December 2017 Edition page 49" href="http://viewer.zmags.com/publication/4249c2a8?page=49"> 57 A World of Risk 52 </a> <a title="Best's Review - December 2017 Edition page 50" href="http://viewer.zmags.com/publication/4249c2a8?page=50"> A World of Risk SPEAKING UP: Protesters gather o</a> <a title="Best's Review - December 2017 Edition page 51" href="http://viewer.zmags.com/publication/4249c2a8?page=51"> C ampus police at the University of Cali</a> <a title="Best's Review - December 2017 Edition page 52" href="http://viewer.zmags.com/publication/4249c2a8?page=52"> A World of Risk “For public entities that fall i</a> <a title="Best's Review - December 2017 Edition page 53" href="http://viewer.zmags.com/publication/4249c2a8?page=53"> “Campuses can become more proactive and better ma</a> <a title="Best's Review - December 2017 Edition page 54" href="http://viewer.zmags.com/publication/4249c2a8?page=54"> A World of Risk Handle With Care Prepackaged m</a> <a title="Best's Review - December 2017 Edition page 55" href="http://viewer.zmags.com/publication/4249c2a8?page=55"> management programs to stave off those potential </a> <a title="Best's Review - December 2017 Edition page 56" href="http://viewer.zmags.com/publication/4249c2a8?page=56"> A World of Risk “Companies need to create and ma</a> <a title="Best's Review - December 2017 Edition page 57" href="http://viewer.zmags.com/publication/4249c2a8?page=57"> Amazon, FedEx, UPS and other meal-kit carriers ha</a> <a title="Best's Review - December 2017 Edition page 58" href="http://viewer.zmags.com/publication/4249c2a8?page=58"> A World of Risk Today's “changing plate” is blur</a> <a title="Best's Review - December 2017 Edition page 59" href="http://viewer.zmags.com/publication/4249c2a8?page=59"> A World of Risk Flying Apart A Munich Re product</a> <a title="Best's Review - December 2017 Edition page 60" href="http://viewer.zmags.com/publication/4249c2a8?page=60"> A World of Risk basis. But buying it both on dem</a> <a title="Best's Review - December 2017 Edition page 61" href="http://viewer.zmags.com/publication/4249c2a8?page=61"> A CYBERRISK GROWS UP Once considered an innocuous</a> <a title="Best's Review - December 2017 Edition page 62" href="http://viewer.zmags.com/publication/4249c2a8?page=62"> A World of Risk Once viewed as a pedestrian </a> <a title="Best's Review - December 2017 Edition page 63" href="http://viewer.zmags.com/publication/4249c2a8?page=63"> the reinsurance markets to function fully. F</a> <a title="Best's Review - December 2017 Edition page 64" href="http://viewer.zmags.com/publication/4249c2a8?page=64"> A World of Risk often unreported. Some data brea</a> <a title="Best's Review - December 2017 Edition page 65" href="http://viewer.zmags.com/publication/4249c2a8?page=65"> A World of Risk WATCH THE CONCENTRATIONS With a </a> <a title="Best's Review - December 2017 Edition page 66" href="http://viewer.zmags.com/publication/4249c2a8?page=66"> A World of Risk 64 systems for ransom, most not</a> <a title="Best's Review - December 2017 Edition page 67" href="http://viewer.zmags.com/publication/4249c2a8?page=67"> If you have time for only one magazine, Best's Re</a> <a title="Best's Review - December 2017 Edition page 68" href="http://viewer.zmags.com/publication/4249c2a8?page=68"> A World of Risk 66 used in the natural catastro</a> <a title="Best's Review - December 2017 Edition page 69" href="http://viewer.zmags.com/publication/4249c2a8?page=69"> CONVERGENCE Regulation The new secretary-genera</a> <a title="Best's Review - December 2017 Edition page 70" href="http://viewer.zmags.com/publication/4249c2a8?page=70"> Regulation a great deal of expertise and experie</a> <a title="Best's Review - December 2017 Edition page 71" href="http://viewer.zmags.com/publication/4249c2a8?page=71"> Strategic Insight Powered by A.M. Best </a> <a title="Best's Review - December 2017 Edition page 72" href="http://viewer.zmags.com/publication/4249c2a8?page=72"> Regulation There is a continuing trend toward gr</a> <a title="Best's Review - December 2017 Edition page 73" href="http://viewer.zmags.com/publication/4249c2a8?page=73"> What A.M. Best Says Best's Briefing Examines Be</a> <a title="Best's Review - December 2017 Edition page 74" href="http://viewer.zmags.com/publication/4249c2a8?page=74"> Potential for Movement in Credit Ratings Departm</a> <a title="Best's Review - December 2017 Edition page 75" href="http://viewer.zmags.com/publication/4249c2a8?page=75"> With respect to the previous question, have you m</a> <a title="Best's Review - December 2017 Edition page 76" href="http://viewer.zmags.com/publication/4249c2a8?page=76"> Department Will the building-block scores be pub</a> <a title="Best's Review - December 2017 Edition page 77" href="http://viewer.zmags.com/publication/4249c2a8?page=77"> Best's Capital Adequacy Ratio Model – Property/Ca</a> <a title="Best's Review - December 2017 Edition page 78" href="http://viewer.zmags.com/publication/4249c2a8?page=78"> Best's Credit Rating Actions Department T </a> <a title="Best's Review - December 2017 Edition page 79" href="http://viewer.zmags.com/publication/4249c2a8?page=79"> Rating Action Business Type Company Name/ Ultim</a> <a title="Best's Review - December 2017 Edition page 80" href="http://viewer.zmags.com/publication/4249c2a8?page=80"> Rating Action Business Type Company Name/ Ultim</a> <a title="Best's Review - December 2017 Edition page 81" href="http://viewer.zmags.com/publication/4249c2a8?page=81"> Rating Action Business Type Company Name/ Ultim</a> <a title="Best's Review - December 2017 Edition page 82" href="http://viewer.zmags.com/publication/4249c2a8?page=82"> Rating Action Business Type Company Name/ Ultim</a> <a title="Best's Review - December 2017 Edition page 83" href="http://viewer.zmags.com/publication/4249c2a8?page=83"> Rating Action Business Type Company Name/ Ultim</a> <a title="Best's Review - December 2017 Edition page 84" href="http://viewer.zmags.com/publication/4249c2a8?page=84"> Rating Action Business Type Company Name/ Ultim</a> <a title="Best's Review - December 2017 Edition page 85" href="http://viewer.zmags.com/publication/4249c2a8?page=85"> Rating Action Business Type Company Name/ Ultim</a> <a title="Best's Review - December 2017 Edition page 86" href="http://viewer.zmags.com/publication/4249c2a8?page=86"> BEST'S FINANCIAL STRENGTH RATING GUIDE – (FSR) A </a> <a title="Best's Review - December 2017 Edition page 87" href="http://viewer.zmags.com/publication/4249c2a8?page=87"> BEST'S ISSUER CREDIT RATING GUIDE – (ICR) A Best'</a> <a title="Best's Review - December 2017 Edition page 88" href="http://viewer.zmags.com/publication/4249c2a8?page=88"> Industry Updates Best's Insurance Professionals </a> <a title="Best's Review - December 2017 Edition page 89" href="http://viewer.zmags.com/publication/4249c2a8?page=89"> Coming February 2018 Educ</a> <a title="Best's Review - December 2017 Edition page 90" href="http://viewer.zmags.com/publication/4249c2a8?page=90"> The Last Word Department Passing the Test ARC </a> <a title="Best's Review - December 2017 Edition page 91" href="http://viewer.zmags.com/publication/4249c2a8?page=91"> </a> <a title="Best's Review - December 2017 Edition page 92" href="http://viewer.zmags.com/publication/4249c2a8?page=92"> Expect big things in workers' compensation. Most </a>