CONTACTS:
FOR IMMEDIATE RELEASE
OLDWICK - FEBRUARY 13, 2017 02:07 PM (EST)
In this A.M.BestTV episode, attendees at the Artemis Insurance-Linked Securities (ILS) New York City conference said a growing range of insurers are placing risk with capital markets. Meanwhile, technologists and investors are identifying new risks that can be covered via capital market solutions. Click on http://www.ambest.com/v.asp?v=ils217 to view the entire program.
“What is exciting is that the industry is seeing new sponsors for transactions; folks that may not have used meaningful alternative capital in any format are starting to turn toward that,” said Cory Anger, managing director, Guy Carpenter/GC Securities. “What the industry has seen since August 2016 is a renewed favorable pricing environment from the ILS space relative to the traditional markets.”
Hemant Shah, co-founder and chief executive officer, Risk Management Solutions, highlighted market forces that have expanded coverages. “I see a lot of innovation and disruptive change, with the industry expanding coverage and becoming more relevant to more people. That fundamental change needs to happen.”
A.M. Best Managing Director John Andre spoke about the ILS market over the near term.
“In 2017, the industry will continue to be competitive and innovate, as it grows into new space with new products in the United States and elsewhere,” said Andre.
Other people that appear in this episode:
Recent episodes of A.M.BestTV include:
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 the world’s oldest and most authoritative insurance rating and information source.