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A.M. BestTV at VCIA: Captives Tap Reinsurers for Capital, Business and Data Support, Says Panel


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FOR IMMEDIATE RELEASE

OLDWICK - AUGUST 15, 2018 11:00 AM (EDT)
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:


  • Steve Bauman, head of global programs and captive practice, North America, XL Catlin;

  • Marc Paasch, global head of alternative risk transfer solutions, Willis Towers Watson; and

  • Salvatore Sama, head of U.S. professional lines, Swiss Reinsurance Corporation.

Other VCIA-related episodes of A.M.BestTV include:


  • Prospect of Federal Rules for 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 .

  • 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 .

  • 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 .

  • 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.