kevin-kelley-Ironshore-RIMS

Prior to an arm of Fosun Group announcing intentions to acquire the 80% of Ironshore it doesn’t already own, WRIN.tv spoke with Ironshore CEO Kevin Kelley during the RIMS Conference in New Orleans. Here, he discusses the top concerns of risk managers, the impact of the Affordable Care Act (ACA) on the insurance industry, and Ironshore’s growth plans for the future.

According to Mr. Kelley, concerns of today’s risk managers are different from the underwriting community. Risk Managers are concerned about geopolitical risk, low interest rates and the uncertainty in the financial markets, and cyber exposures.

Mr. Kelly is a big proponent of infrastructure development in the United States and public-private partnership. “Through thoughtful infrastructure development and spending we can get our GDP into the 4-5% range.”

Mr. Kelly says Ironshore is paying a lot of attention to the Affordable Care Act, which he feels will generate a lot of new product development will come out of the law. He sees opportunity for growth in international markets as well. “We just opened offices in Tokyo and Hong Kong and purchased a company in Dubai… and are always looking for the right opportunity to grow.”

Interest rates are Mr. Kelley’s biggest concern. It puts pressure on Ironshore’s rate of return on equity. To make up for the low rate of return, underwriting has become more important to the companies bottom-line.

For more World Risk and Insurance News from the 2015 RIMS Conference in New Orleans, visit the dedicated RIMS 2015 Channel in the WRIN.tv On Demand Library.

Load More Related Articles
Load More In Corporate Risk Management/ERM

Check Also

Innovation is Happening in Insurance, but Not Disruption – Not Yet! – Aisus CEO

Mica Cooper, CEO & President of Aisus/InsureCrypt opens up about so-called ‘disruption…