Growth is a problem in the reinsurance sector”, according to Frank Nutter, President of the Reinsurance Association of America (RAA). Growth in the U.S. would to include new market opportunities. Companies are looking at diversifying and going into geographic areas, and new products such as cyber risk, business interruption, or supply chain risk. The privatization of the National Flood Insurance …

Reinsurance Association of America (RAA) President Frank Nutter speaks with WRIN.tv about the alternative capital that is converging on the reinsurance sector. According to Mr. Nutter, most companies have a “Converged capital approach, or utilize capital.” He says “alternative capital is both competitive and complementary.” He believes it delivers more capital resources to reinsurers and appears to be a permanent …

Through a special arrangement with ACORD, WRIN.tv offers a glimpse of what went on during the Expert Panel that took place during the Joint Industry Forum in New York.  On the panel were V.J. Dowling from Dowling & Partners, Thomas Leonardi from Evercore Partners, Matthew Mosher from A.M. Best, Howard Kunreuther from the Wharton School, Randy Kunreuther from the law …

Last week on WRIN.tv… Monday Morning Headlines from SNL Insurance featured President Obama  State of the Union The Department of Homeland Security and a cyber incident repository for insurance companies The New York Department of Financial Services and IT exam guidance for insurers The NAIC’s announced a new  chair for its International Insurance Relations Committee KKR’s deal to acquire QBE’s …

Former Connecticut Insurance Commissioner Tom Leonardi speaks with WRIN.tv about the alternative capital that has come into the (re)insurance industry. Mr. Leonardi joined the investment banking firm of Evercore Partners in January. He mentioned a survey that said the influx of capital into the property-casualty market, through CAT Bonds or ILS, was one of the top disruptive forces in the …

Late last year, Tom Leonardi left his post as the Connecticut Insurance Commissioner to join Evercore Partners, the investment banking firm. WRIN.tv spoke with Tom about the capital standards, the influx of capital in the industry, the new Congress, the Affordable Care Act, M&A and more. Mr. Leonardi reviews efforts to establish capital standards at the U.S. and international level, …

In a recent edition of First Monday series, A.M. Best’s Managing Senior Financial Analyst Greg Reisner discusses the rationale for the rating agency’s “Negative” outlook for the global Reinsurance sector. According to Mr. Reisner, “We have the same three themes we have had for a while, pressure on rates….low yield environment and…earnings dependent upon loss reserve development…”  Earnings have been …

World Risk and Insurance News spoke with Brad Kading, President & Executive Director of the Association of Bermuda Insurers and Reinsurers (ABIR), during the recent Joint Industry Forum in New York.  He discussed the impact of the tropical storms that hit the island in October 2014, Bermuda’s efforts to seek Solvency II equivalence, NAIC designation of Bermuda as a “qualified …

In this edition of WRIN.tv Rewind, we revisit a discussion with Pat Gallagher, Chairman, President and CEO of Arthur J. Gallagher. Here, he explains the evolution of the role of broker, and why alternative capital is not so “new”, but a creative way to solve risk management problems. To be viable, Mr. Gallagher says brokers need to understand their client’s …

Monday Morning Headlines are compiled by SNL Insurance and produced by WRIN.tv as a weekly video digest of the news making headlines in the U.S. Insurance industry.  In this edition of Monday Morning Headlines: Lawsky seeks information from NY insurers on impact of TRIA expiration Lack of natural catastrophe activity keeps pressure on pricing Willis Re: Challenging conditions for reinsurers at January renewals 2014’s top insurance …