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TMCNet:  A.M.BestTV at RIMS: The Impact of Regulation

[April 30, 2014]

A.M.BestTV at RIMS: The Impact of Regulation

OLDWICK, N.J. --(Business Wire)--

This special A.M.BestTV report from the annual RIMS conference in Denver looks at how insurers and regulators are reacting to the larger and changing role of regulation, taxation and multiple overseers. Leading executives in the (re)insurance industry say that while strong regulation is paramount, it needs to be efficient and conducted on a level playing field across the industry. Other concerns addressed include the renewal of the federal terrorism insurance backstop and the 2016 start date of the Solvency II regulatory regime. Click on http://www.ambest.com/v.asp?v=risk3414 to view the video program. New daily wrap-up reports and interviews from Denver are being posted throughout the event at www.ambest.com/risk2014.

People who appear in this episode include:

  • Inga Beale, Chief Executive Officer, Lloyd's;
  • Mario Vitale, CEO, Aspen Insurance;
  • Marc Kunney, President, U.S. Brokerage, Integro (News - Alert);
  • Vincent Vandendael, Director, International Markets, Lloyd's;
  • Thomas Lawson, Executive Vice President, FM Global; and
  • Everard "Bob" Richards, Minister of Finance, Bermuda.

Full-length interviews from day three of the event also are available for viewing:


Demand Booms for Cyber Cover: Primarily due to recent high-profile incidents and new regulatory requirements, demand for cyber liability cover is skyrocketing. However, premiums have remained flat and some insurance executives speculate that in the long term, a handful of carriers may drop out of the market: http://www.ambest.com/v.asp?v=risk2414

Insurers Wrestle with Plentiful Capacity: Companies in the United States, Bermuda, United Kingdom and Europe are fanning across the market with competitive pricing and in some cases, a greater appetite to meet their customers directly, in an effort to meet the challenge of an overabundance of capital: http://www.ambest.com/v.asp?v=risk1414

Those interested in receiving conference coverage via email can sign up at www.ambest.com/review/GetAMBestTV. Auto-notification of the latest insurance news available on A.M.BestTV will continue every Monday, Wednesday and Friday.

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 © 2014 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.


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