Individual and panel interviews with A.M.BestTV
Akilah Wilson, assistant director, Bermuda Monetary Authority, said regulators in Bermuda have approved 12 new captives this year, up from nine in 2016.
Jeff Kenneson, senior vice president, R&Q Quest Bermuda, said risk-retention groups looking to unload business, and retiring captive sponsors are active sources of runoff coverage.
Jack Meskunas, senior director, Oppenheimer, said captive insurers are typically heavily invested in bonds and could be affected if interest rates were to rise dramatically.
Hugh Barit, chairman and CEO, Performa, said insurance captives sponsored by auto dealers tend to invest for return, with a larger portion of their assets devoted to equities.
Ryan Wang, U.S. Economist, HSBC Securities, said the hurricanes will cause disruption in regions of the U.S., but expects 2.4% growth overall in 2018.
