A.M.BestTV: Issues Loom as Vermont Captive Event Approaches

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FOR IMMEDIATE RELEASE

OLDWICK - AUGUST 11, 2014 03:58 PM (EDT)
This episode of A.M.BestTV looks at some hot topics that likely will be discussed at the annual Vermont Captive Insurance Association (VCIA) conference, starting Aug. 12, 2014. One area of interest has been moving existing captives into new lines of business, such as cyber risk or surety bonds. On that subject, A.M. Best Assistant Vice President Steven Chirico said, "There's a general overtone of captives being used, particularly by parents of single-parent captives, to try and squeeze out as much value, both quantitative and qualitative, from their captive."

Group Vice President John Andre discussed a finding in a recent Best's Special Report comparing the financial performance of A.M. Best-rated captives with their commercial peers. "Our rated group of captives ... continues to outperform commercial casualty sector in virtually every key financial measure that we have." Regulation and legislation, such as the Risk Retention Modernization Act of 2014, are also topics high up on the conference agenda. Click here to view this episode: www.ambest.com/v.asp?v=vciapreview .

A.M.BestTV will provide wrap-up programs from the conference, along with interviews of insurance industry executives. Go to www.ambest.tv/vcia for full coverage.

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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 www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at www.ambest.tv.

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