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FOR IMMEDIATE RELEASE
OLDWICK - APRIL 27, 2018 11:34 AM (EDT)
In this A.M.BestTV episode at the Meeting of Reinsurance Officials (MORO) conference in Montreal, a panel of insurance and reinsurance executives discuss the increasing role reinsurance is playing in how insurers, particularly mutual insurers, are managing their risks. Click on http://www.ambest.com/v.asp?v=moro3418 to view the entire program.
The panelists spoke about the role of mutual insurers in the 21st century.
“Technology is helping mutual companies grow and expand their product offerings. Technology has given mutuals the capital and stability to actually take additional risks,” said Samuel Broomer, executive vice president & chief operating officer, Berkley Re Solutions.
“Mutuals have the ability to take a more longer-term view than stock companies and reinsurance has the capacity that allows them to take that view,” said Geoff Lubert, executive vice president & managing director of Willis Re Canada.
Steve Johnston director, reinsurance, Co-operators General Insurance Company, highlighted the responsibility each company has to its policyholders.
Johnston said, “It is about protecting our policyholders, being there for them when they need us the most, and when they do mutuals and co-operative reinsurance provides the solution to that problem.”
Also appearing in this episode:
For full video coverage of MORO, including exclusive executive interviews, visit http://www.ambest.tv/moro18 .
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