James Vickers, Chairman of Willis Re International & Specialty, speaks with WRIN.tv during the 2015 IIS Global Insurance Forum on the impact of regulation, Solvency II equivalency and CommFrame. Mr. Vickers sees Solvency II equivalency as helpful for a number of regimes. He believes regulation is necessary, but commonality will make the load lighter. Mr. Vickers feels CommFrame is noble …

Brad Kading, President of the Association of Bermuda Insurers and Reinsurers (ABIR) spoke with WRIN.tv during the 2015 Global Insurance Forum in New York, about Solvency II equivalency and opportunities from new capital. The EU’s endorsement of insurance rules in seven countries, including the U.S., Switzerland and Bermuda , is very important for Bermuda. Mr. Kading says achieving equivalency because …

Dinos Iordanou, Chairman, President and CEO of Arch Capital, speaks with WRIN.tv during the recent IIS Global Insurance Forum, about the impact of new capital in the industry. He says the influx of capital into the reinsurance sector over the past few years has affected the cost of insurance. While it is good for the consumer (providing a less expensive …

Bryon Ehrhart, CEO of the Americas at Aon Benfield, speaks with WRIN.tv about the issues affecting alternative capital in the reinsurance market during the recent S&P Insurance Conference. He says the growth in alternative capital has been driven by clients seeking to diversify their sources of catastrophe risk capital and met with investors looking to diversify their investment return. There …

WRIN.tv spoke with Hannover Re Chairman and CEO Ulrich Wallin at the S&P Insurance Conference about recent developments in insurance linked security (ILS) market, alternative capital, and Hannover Re strategy for continued growth. Hannover Re recently participated in two ILS transactions including the Massachusetts Property Insurance Underwriting Association (MPIUA) and Texas Windstorm Insurance Association (TWIA). Mr. Wallin says Hannover Re is …

In this edition of WRIN.tv’s Reinsurance Today, host Frank Nutter, President of the Reinsurance Association of America (RAA), welcomes Mr. John Bender CEO of Allied World Re to discuss opportunities in the reinsurance market, including emerging risks such as cyber and “green technologies, alternative capital and Asia. “On the insured level, there are a number of opportunities for growth and …

The Organization for Economic Co-operation and Development (OECD) published its Base Erosion Profit Sharing (BEPS) action plan in July 2013 to address perceived flaws in international tax rules. The Plan was endorsed by G20 with implementation to be completed by the end of 2015.   WRIN.tv spoke with John O’Leary, a Tax Partner in Financial Services at PwC, to gain some …

At the 2015 European Insurance Forum, WRIN.tv spoke with Charles Goldie, Deputy CEO of the Global Non-Life operations at Partner Re, about major issues affecting reinsurance today, and where he sees opportunities for growth. Mergers and acquisitions are among the top issues affecting the reinsurance industry today, Mr. Goldie says, due to the amount of capital coming into the industry. …

At the 2015 European Insurance Forum, WRIN.tv spoke with Mervyn Skeet, Global Head of Tax at XL Catlin, about the changes he sees in the global tax environment, and the impact on insurers and reinsurers. Mr. Skeet sees two major trends in taxation. First governments are looking to collect tax revenue where economic activity is happening, and from multinationals. He …

A report published by the Insurance Information Institute (III), suggests the world is “Awash in Capital.”  III President Robert Hartwig joins WRIN.tv to discuss the impact of capital that has turned to the insurance and reinsurance sector in a search for yield. Dr. Hartwig says the report looked at cash holdings of companies worldwide and found that “the world is …

In highlights from the First Monday series, A.M. Best VP Robert DeRose, along with Senior Financial Analysts Greg Reisner and Mariza Costa, discuss the M&A trend among global reinsurers and the desire for scale and relevance. For some reinsurers, Mr. Reisner says M&As are part of a strategy, while others see it as an “ultimatum” because current strategies are not …

WRIN.tv’s Monday Morning Headlines, compiled by SNL Insurance, is a video digest of the news you need to know about the U.S. Insurance industry. Today’s Monday Morning Headlines: FIO sees cyber insurance as deterrent to cyberattacks…u/w guidelines coming Aon Benfield says winter weather losses could top $1 billion Sharp premium decline affects Citizens’ net underwriting income Deloitte reports reinsurance M&As …

In a recent report, Deloitte said the rush of reinsurance M&A activity could be a “double-edged sword” for the Lloyd’s market. Reinsurers seem eager to grab a bigger piece of the Lloyd’s pie, but Deloitte said consolidation could hurt the market in the long run. Recent deals include Fairfax Financial’s proposed acquisition of Brit…and XL’s deal to acquire Catlin.

WRIN.tv caught up with Greg Wojciechowski, President of the Bermuda Stock Exchange (BSX), at the SIFMA IRLS Conference.  He gives his perspective on the growth in the Cat Bond market and its impact on the Bermuda market, which is the leading global domicile for ILS with about $16 billion listed on the BSX. There were about 115 listed securities on …

It was a record year for Insurance Linked Securities in 2014, and new approaches to alternative capital are have emerged. Here Tom Johansmeyer, AVP Reinsurance Services at ISO, speaks with WRIN.tv about Cat Bond Lite at the recent IRLS Conference in New York. According to Mr. Johansmeyer, Cat Bond Lite “is a streamlined way to transfer risk in a securitized format.” It …

World Risk and Insurance News speaks with Paul Schultz, President of AonBenfield Securities, about current trends in the insurance linked securities and Cat Bond market, as well as the evolving role of the reinsurance broker in executing these deals. According to Mr. Schultz, “2014 was a big year for Cat bonds and collateralized reinsurance.” There were a couple of very large …

WRIN.tv’s Monday Morning Headlines, compiled by SNL Insurance, is a video digest of the news you need to know about the U.S. Insurance industry. Today’s Monday Morning Headlines: Cyber Threat Intelligence Integration Center for public-private cybersecurity Anthem cyber breach should be wake-up call for vulnerable health insurers NY State to strengthen regulations on insurer cybersecurity Connecticut Governor concerned about DC negotiating Covered …

Connecticut Governor Daniel Malloy expressed concern that Washington officials could pre-empt state insurance regulations by negotiating ‘covered agreement ‘on reinsurance collateral with foreign authorities. Malloy said states “are moving quickly, but cautiously”, and using their 150 years of experience and regulatory judgment to assess each collateral situation.

In a recent edition of First Monday, host John Weber welcomed Deniese Imoukhuede, Associate Director of Analytics, to discuss the Russian market. With crude oil prices collapsed and the Ruble valuation low, the Central Bank of Russia raised interest rates from 10.5% to 17% in December 2014. And with continuing economic sanctions against Russia putting further pressure on the economy, …

Frank Nutter, President of the Reinsurance Association of America (RAA), joins World Risk and Insurance News (WRIN.tv) to discuss developments in the U.S. reinsurance market. Key topics include: RAA President sees Alternative Capital as competitive and complementary Hope for FIO’s involvement in “covered agreements” for reinsurance in 2015 Will international capital standards recognize “sound” U.S. system? 2015 could see Corporate …