[August 15, 2018] |
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A.M. BestTV at VCIA: Captives Tap Reinsurers for Capital, Business and Data Support, Says Panel
In this A.M.BestTV episode from the annual Vermont Captive
Insurance Association (VCIA) conference in Burlington, VT, a panel of
captive insurance and reinsurance experts said captives, which are
typically smaller insurance organizations, look to reinsurers as much
for capital as for business expertise. Click on http://www.ambest.com/v.asp?v=reinsurancepanel818
to view the entire program.
For full video coverage of the VCIA 2018 conference, including exclusive
executive interviews, visit http://www.ambest.tv/vcia18.
The panelists discussed how reinsurance partners could provide valuable
industry insight to a captive insurer.
"Captives really have a narrow perspective on the industry broadly, and
reinsurers are seeing a broader view of the industry, which is
critical," said Steve McElhiney, president, EWI Re.
Daniel Meyer, senior vice president, Guy Carpenter, focused on how
captive can use reinsurers to grow their businesses.
"Captives are strapped like most companies, so they have to learn how to
manage their resources," said Meyer. "Using reinsurance partners can
help captives manage their surplus, lines of business and data."
Also appearing in this episode:
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Steve Bauman, head of global programs and captive practice, North
America, XL Catlin;
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Marc Paasch, global head of alternative risk transfer solutions,
Willis Towers Watson; and
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Salvatore Sama, head of U.S. professional lines, Swiss Reinsurance
Corporation.
Other VCIA-related episodes of A.M.BestTV include:
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Prospect of Federal Rulesfor Cyber Puts Pressure on Insurers and
States, Say Panelists: Captive insurance executives said new rules
at the federal level on cyber security would pre-empt many state
standards, but also would hasten the adoption of cyber strategies: http://www.ambest.com/v.asp?v=cyberreg818.
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Better Movement of Information Via Blockchain Should Spark Captive
Growth, Say Executives: Rocco Mancini, consultant, captive
solutions, Marsh, and Havell Rodrigues, chief executive officer,
Adjoint, said industry participants and regulators have seen the
benefits of blockchain technology and are taking early steps to widen
its adoption: http://www.ambest.com/v.asp?v=blockchain3818.
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Insolvencies Tied to RRGs Formed for Short-Term Reasons, Says
Medical Liability Panel: Captive experts say that some risk
retention groups (RRGs) that were formed to take advantage of
temporary hard-market conditions had poor outcomes compared with RRGs
that pursued better underwriting and reserving practices: http://www.ambest.com/v.asp?v=medmalrrg818.
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Soaring Risk: Panelists Explain How They Launched a Hang-Gliding RRG:
Risk professionals behind a RRG devoted to covering hang gliders and
their associations describe how they crafted their own risk solution
after losing traditional coverage: http://www.ambest.com/v.asp?v=hanggliding2818.
A.M.BestTV covers exclusive A.M. Best 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 http://www.ambest.tv.
A.M. Best is a global rating agency and information provider with a
unique focus on the insurance industry. Visit www.ambest.com
for more information.
Copyright © 2018 by A.M. Best Company, Inc. and/or its
affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180815005473/en/
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