A.M.BestTV at RIMS: Insurers Focus on Cyber Coverage, Mergers and Acquisitions and Global Risk

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FOR IMMEDIATE RELEASE

OLDWICK - APRIL 27, 2015 02:17 PM (EDT)
In this special ^A.M.BestTV wrap-up report from the annual Risk & Insurance Management Society Inc.'s (RIMS) conference in New Orleans, LA, over 10,000 (re)insurance industry executives discuss how cyber coverage is growing, the recent earthquake in Nepal, India and how mergers and acquisitions are likely to continue.

Click on http://www.ambest.com/v.asp?v=rims27415 to view the video program. New daily wrap-up reports and interviews from New Orleans will be posted throughout the event at www.ambest.com/rims2015 .

With over 60 countries represented at this year's RIMS conference, the aim is to assist the attendees as they work together to improve their risk management and grow internationally.

Thomas Reagan, cyber risk practice leader at Marsh, sees cyber coverage as an innovative growing industry. "We in the industry expect that over the next 10 years, every company in America will purchase cyber insurance, causing an incredible opportunity for growth," said Reagan.

In addition, according to Jack Kuhn, chief executive officer for Global Insurance at Endurance, although the recent earthquake in Nepal has been devastating for the country, it is not expected to impact the market significantly. "When you consider the loss that is covered by the industry, I don't believe the earthquake will have a major impact on the marketplace. It might slow some of the recent rate reductions, but I don't see it as being a major market changing event."

Other people who appear in this episode include:

• Rick Roberts, president at RIMS;


• Jamie Miller, managing director and head of property at Swiss Re Corporate Solutions Ltd; and


• Jim Donelon, insurance commissioner of Louisiana.

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

• Charles Dangelo, president and chief executive officer at Starr Indemnity & Liability Company: http://www.ambest.com/v.asp?v=dangelo415.


• Jack Kuhn, chief executive officer for Global Insurance at Endurance: http://www.ambest.com/v.asp?v=kuhn415.


• Carolyn Snow, past president at RIMS: http://www.ambest.com/v.asp?v=snow415.


• Jamie Miller, managing director and head of property at Swiss Re Corporate Solutions Ltd: http://www.ambest.com/v.asp?v=miller415.


• Thomas Reagan, cyber risk practice leader at Marsh: http://www.ambest.com/v.asp?v=reagan415.


• Theresa Bourdon, global practice leader, actuarial & analytics at Aon Corporation: http://www.ambest.com/v.asp?v=bourdon415.

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.