A.M. BestTV: Insurance-Linked Securities’ Market Is Poised to Widen Its Range of Perils and Formats

OLDWICK, N.J.--()--This A.M.BestTV episode centers on the recent Securities Industry and Financial Markets Association’s Insurance and Risk-Linked Securities Conference, held in New York, NY, where insurance risk securitization professionals said new classes of risk, including medical, governmental and parametric, appear set for financing by capital markets. Click on http://www.ambest.com/v.asp?v=ils216 to view the entire program.

Insurers, investors and brokers see the insurance-linked securities (ILS) market as robust.

“It is a growing and vibrant market that has a lot of people excited to figure out where the next stage is going to be,” said Bill Dubinsky, managing director, head of insurance-linked securities, Willis Capital Markets and Advisory. “There is a lot of interest in some of the risks that insurers and reinsurers are starting to see. For example, addressing cyber as well as expanding flood to make it more available and affordable to clients, not only in the United States, but around the world.”

Asha Attoh-Okine, managing senior financial analyst, ILS group, A.M. Best, noted escalating demand in the market: “The risk capital market has been growing since 1997, and there is no slowing it down in terms of how the risk capital is growing.”

Attendees said they believed that the alternative capital market represents approximately 20% of the global property/casualty market and is growing year over year by 10% to 15%.

Other people that appear in this episode:

  • Judy Klugman, managing director, Swiss Reinsurance Company;
  • Ben Rubin, executive vice president, director of capital markets, AXIS Capital Markets;
  • John Butler, managing partner, Twelve Capital;
  • Cory Anger, managing director, Guy Carpenter/GC Securities;
  • Tom Johansmeyer, assistant vice president, reinsurance services, Verisk Insurance Solutions; and
  • Keith Kennerly, vice president, structured health & financial solutions, Hannover Reinsurance.

Full-length interviews are available as well. Go to http://www.ambest.tv/ to access them.

Recent episodes of A.M.BestTV include:

  • Life Insurance Settlement Industry Explores New Markets: Highlights from the recent Life Insurance Settlement Association’s Institutional Investor Conference, where executives said they have seen a growing interest from institutional investors in the life settlement market: http://www.ambest.com/v.asp?v=lisa216.
  • Managing General Agents Work With Lloyd’s on Wire Transfers, Audits, Multiyear Contracts: Highlights from an interview with Bernd Heinze, executive director, American Association of Managing General Agents, concerning his recent visit to Lloyd’s of London: http://www.ambest.com/v.asp?v=aamga216.
  • Insurers Brace for Impact of Concussion Claims: Insurers discuss concussion-related lawsuits against helmet manufacturers and sports-related organizations, which threaten to become a bigger liability issue for insurers and reinsurers: http://www.ambest.com/v.asp?v=concussion216.
  • Cyber Standards Chasing Fast Evolving Risk: Highlights from the recent Risk Management Solutions Cyber Risk Seminar, where insurance executives said they are adapting quickly to new electronic risk exposures, but coverages, standards and policies are struggling to stay abreast: http://www.ambest.com/v.asp?v=rmscyber216.

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.

Contacts

A.M. Best
Lee McDonald
Group Vice President, Publication and News Services
(908) 439-2200, ext. 5561
lee.mcdonald@ambest.com

Contacts

A.M. Best
Lee McDonald
Group Vice President, Publication and News Services
(908) 439-2200, ext. 5561
lee.mcdonald@ambest.com