AM Best TV & Audio
Captives Continue to Draw More New Business
A hardening market is driving an increased interest in captives, reinsurance deals are becoming harder to complete, and enrollment growth is driving U.S. Medicare Advantage earnings. AMBestTV and AMBestAudio report on stories from a number of sectors within the insurance industry.
Séadna Kirwan
Michael Parrish
On Demand
Captives, including new formations, new cells and existing entities, are writing more business during the hardening market, according to a panel focused on the Bermuda landscape. The panel includes Séadna Kirwan, risk advisory director, commercial risk solutions, Aon; and Michael Parrish, senior vice president, Marsh Captive Solutions.
Pamela E. Davis
The pandemic, economic downturn and higher insurance rates have increased interest in captive insurers, say panelists in a recent AM Best webinar. The group of analysts and industry leaders, including Pamela E. Davis, founder, president and chief executive officer, Nonprofits Insurance Alliance, reviews market, regulatory and risk issues affecting the captive insurance sector.
Bridget Maehr
Antonietta Iachetta
Enrollment growth is driving U.S. Medicare Advantage earnings, say Bridget Maehr, associate director, and Antonietta Iachetta, senior financial analyst, both of AM Best. The U.S. Medicare Advantage insurance segment continued its strong earnings trend in 2019, increasing by 11% to $279 billion.
Max Carter
Rates are up, terms and conditions are tightening, and deals are harder to complete, says Max Carter, CEO of New Dawn Risk, a wholesale and reinsurance broker.
David Blades
Robert Raber
Some excess and surplus lines insurers experienced a 15-year high in premium gains during 2019, says David Blades and Robert Raber, both associate directors, AM Best. Looking at the balance of 2020 and into 2021, AM Best anticipates this sector will continue to show resiliency.
Silke Sehm
New capital is entering the reinsurance market as rates continue to rise, according to participants in a State of the Global Reinsurance Market panel discussion. Panelists, including Silke Sehm, executive board member, Hannover Re, examine the impact of COVID-19, natural disasters and other developments on reinsurance capital.
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Pandemic Propels New Processes
Industry professionals talk with AMBestAudio about how the pandemic is hastening the move to automate systems and the changes in homeowners insurance.
Max Drucker, founder and CEO of Carpe Data, discusses why he believes the COVID-19 pandemic will continue to hasten moves to automate systems and processes in insurance.
Yuval Harry, vice president of partnerships at Hippo, explains how COVID-19 is impacting homeowners insurance and how carriers are adapting to meet policyholder needs.
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