RBH sees new opportunity in Prop. 103. (Rollins Burdick Hunter Group) (Brokers Report)

National Underwriter Property & Casualty-Risk & Benefits Management, May, 1989 by Mulcahy, Colleen

RBH Sees New Opportunity In Prop. 103 CHICAGO--Proposition 103 may be a giant headache for the insurance industry, but it has made California a "prototype" of opportunity for Rollins Burdick Hunter Group. "We clearly have to evaluate the impact [of Prop. 103] on markets," said Patrick G.

Ryan, president and chief executive officer of RBH Group and Aon Corp, the group's Chicago-based parent. "The financial strength of insurers doing business in California has never been more important than with 103 because it puts a lot of pressure on underwriters," he said. By the same token, however, "it's an opportunity to show our capabilities," said Michael D. Rice, chairman and president of Rollins Specialty Group, a member of RBH Group. "The brokers that can...

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