A.M. BestTV: Reinsurers Look to New Risks, Regulations for Growth

OLDWICK, N.J.--(BUSINESS WIRE)-- This A.M.BestTV episode examines a recent CPCU Society seminar on reinsurance where speakers and attendees said the emergence of the sharing economy and opportunities to take on public risk are opening new doors for insurers and reinsurers. Meanwhile, new regulatory requirements are raising the stakes for insurers. Click on http://www.ambest.com/v.asp?v=cpcu316 to view the entire program.

The seminar, which took place at St. Joseph’s University in Philadelphia, was attended by brokers, representatives from rating agencies, insurance and reinsurance companies, as well as a large number of the university’s students.

John Welch, chief executive, North America, XL Catlin, focused on the state of the reinsurance industry. “Right now on the reinsurance side the biggest challenge is finding ways to grow. The industry has more and more clients that are keeping the business and not buying as much reinsurance as they’ve had in the past … the challenge is really around innovation and trying to find solutions and being able to sell new concepts to our ceding companies,” said Welch.

Susan Molineux, senior financial analyst, A.M. Best, addressed the issue of regulation, which can be a challenge and an opportunity. “The regulatory requirements are increasing and with that increase you need people and systems that are capable of handling the increased demands,” said Molineux.

Other people that appear in this episode:

• Brian Savko, president and chair, CPCU Society;
• Frank Nutter, president, Reinsurance Association of America;
• Gerry Finley, senior vice president, casualty treaty underwriting, Munich Re America, Inc.;
• Nancy Bewlay, managing director, head of underwriting casualty, United States and Canada, Swiss Reinsurance;
• Mike Angelina, executive director, Academy of Risk Management & Insurance at St. Joseph’s University; and
• John Sullivan, vice president, Transatlantic Reinsurance Company.

Recent episodes of A.M.BestTV include:

• Insurers See Range of Benefits to Charitable Efforts: Insurance leaders supporting the Insurance Industry Charitable Foundation said that not only is it good to participate in charitable activities, but it also helps to recruit and engage industry professionals: http://www.ambest.com/v.asp?v=iicf316.
• Exchange Population Dynamics Cramp U.S. Health Insurers’ Earnings, Says A.M. Best Analyst: A.M. Best Vice President Sally Rosen talks about how exchange enrollment continues to be older and riskier, which has had a larger negative financial impact than originally anticipated on U.S. health carriers. However, they remain diligent in finding new ways to better compete: http://www.ambest.com/v.asp?v=health316.
• A.M. Best Chief Rating Officer: Property/Casualty Underwriting Profits Continue, Despite Drag From Investments: A.M. Best Chief Rating Officer Stefan Holzberger’s discussion on the potential impact on property/casualty insurers from pricing deterioration and pockets of adverse reserve development. Holzberger also reviews how mergers and acquisitions, regulations and cyber attacks are shaping the overall insurance environment: http://www.ambest.com/v.asp?v=propertycasualty316.
• A.M. Best Chief Rating Officer: U.S. Life/Annuity Writers Shift to Less-Liquid Holdings, Still Lag on Technology: A.M. Best Chief Rating Officer Stefan Holzberger’s discussion of the state of the U.S. life/annuity market. Holzberger explores insurers’ changing investment portfolios, private equity trends as well as how effectively writers are responding to changes in buying habits: http://www.ambest.com/v.asp?v=lifeannuity316.

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

Copyright © 2016 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160316006378/en/

A.M. Best
Lee McDonald, +1-908-439-2200, ext. 5561
Group Vice President, Publication and News Services
[email protected]

Source: A.M. Best

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Micron offers Taiwan workers up to 68-month bonuses as strike threat looms
• Linde (LIN) PT Lowered to $563 at Bernstein SocGen Group
• Bernstein SocGen on Oracle (ORCL): 'Next catalyst is FAM'