OLDWICK, N.J.--(BUSINESS WIRE)--
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.”
Air Disasters, Fires, Outbreaks Raise Global Risks: A look at
how air disasters in Ukraine, Mali and Taiwan, and the Ebola outbreak
in western Africa, are dominating risk concerns. Natural disasters
include two major earthquakes in Central America and China, and raging
wildfires in the western United States, which continue to take their
Rise of the Super (Risk) Models: How a growing appetite for
risk modeling is driving new models, modeling firms and more inclusive
risk platforms, as reported by Kate Smith of Best's Review
magazine. Also interviewed are Claire Souch of Risk Management
Solutions and Jayanta Guin of AIR Worldwide: www.ambest.com/v.asp?v=model814.
First Monday: Leading Analysts, Key Topics: A look at rising
investment allocations to Schedule BA assets among U.S.
property/casualty and life/annuity companies; the U.S. captive
composite's continued outperformance over its commercial peers and the
potential impact of Mexico's approaching risk-based solvency regime: www.ambest.com/v.asp?v=firstmonday814.
Inside the World’s Largest Catastrophe Bond: Florida'sCitizens
Property Insurance Corp. (Citizens) launched a $1.5 billion
catastrophe reinsurance bond, the largest in the industry. A.M.BestTV’s
Meg Green interviews Jennifer Montero, chief financial officer of
Citizens and examines how the coverage works: www.ambest.com/v.asp?v=news8114.
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
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.
Recent episodes of A.M.BestTV include:
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Copyright © 2014 by A.M. Best Company, Inc.ALL RIGHTS
A.M. Best Company
Lee McDonald, 908-439-2200, ext. 5561
Vice President, Publication and News Services
Source: A.M. Best Company