|[September 10, 2013]
A.M. BestTV: The Rendez-Vous Conference - Reinsurers Focus on Innovation; Executive Interviews
OLDWICK, N.J. --(Business Wire)--
In this A.M. BestTV episode, on location from the Rendez-Vous de
Septembre reinsurance conference in Monte Carlo, executives discuss how
excess capital and capital-market competition have dampened reinsurance
pricing, leaving reinsurers to seek new ways to cover new risks. Martin
Davies, CEO of Towers Watson Capital Markets, said that while capital
market interest has forced traditional reinsurers to innovate, there are
some areas that experienced reinsurers can handle that newcomers at the
moment cannot, such as multiclass transactions. David Priebe, vice
chairman at Guy Carpenter, speaks about the company's involvement in
selling the first-ever bond to protect against storm surge. Stephen
Netherway, head of the insurance group at CMS Cameron McKenna, talks
about the long-term organizational risks the influx of new capital
brings. In the long run, James Vickers, chairman of Willis Re
International, said that the growth of capital markets may dampen the
industry's traditional hard and soft markets, but that could lead to
more stability, and he hopes, sustainability. Stefan Holzberger,
managing director, EMEA, at A.M. Best Europe - Rating Services Ltd.,
talks about the impact of excess capital on rates. Click on http://www.ambest.com/v.asp?v=rendezvousdaytwo913
to view the video program. Full conference coverage can be seen at http://www.ambest.com/montecarlo.
Full-length interviews are available as well. Go to http://www.ambest.com/montecarlo
to see new interviews throughout the conference. Interviews conducted
thus far include:
James Vickers, Chairman, Willis Re International, http://www.ambest.com/v.asp?v=vickers913
Stephen Netherway, Partner, Head of Insurance Sector Group, CMS
Cameron McKenna: http://www.ambest.com/v.asp?v=netherway913
David Priebe, Vice Chairman, Guy Carpenter: http://www.ambest.com/v.asp?v=priebe913
Martin Davies, CEO, Towers Watson Capital Markets: http://www.ambest.com/v.asp?v=davies913
Stefan Holzberger, managing director, EMEA, at A.M. Best Europe -
Rating Services Ltd.: http://www.ambest.com/v.asp?v=holzberger913
Register for A.M. Best's daily e-newsletter from the 2013 Rendez-Vous de
Septembre at www.ambest.com/conferencenews.
To access a complimentary copy of A.M. Best's Global Reinsurance Segment
Review report, "The Capital Challenge: Reinsurance Capacity Overshadows
Market," please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=216074.
A.M. BestTV covers exclusive A.M. Best Co. information and reports,
targeted topics and key developments in the (re)insurance industry every
Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html.
View A.M. BestTV episodes at www.ambest.tv.
A.M. Best Company is the world's oldest and most authoritative
insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS
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