News Column

A.M.BestTV: Issues Loom as Vermont Captive Event Approaches

August 11, 2014

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.”

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 episode: www.ambest.com/v.asp?v=vciapreview.

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:

  • 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 toll: www.ambest.com/v.asp?v=news8814.
  • 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.

    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 www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at www.ambest.tv.

    A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

    Copyright © 2014 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.





    A.M. Best Company

    Lee McDonald, 908-439-2200, ext. 5561

    Group Vice President, Publication and News Services

    lee.mcdonald@ambest.com

    Source: A.M. Best Company


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