Individual and panel interviews with A.M.BestTV
Bob Gagliardi, director of captive management and head of U.S. fronting, AIG, said continued soft pricing for many insurance lines, and cuts in the U.S. tax rate have lessened the incentive for some sponsors to form a captive insurer.
Dennis Silvia, president, Cedar Consulting, said Bermuda is breaking the mold among mature domiciles by showing a willingness to develop speedy new approaches for the introduction of new products and risk-focused technologies.
Investment managers said captive insurers will benefit from rising interest rates, but not if the rates rise too quickly and depress bond yields and raise collateral requirements.
Jonathan Reiss, CFO, Hamilton Insurance Group, said insurers must be aware of the messages they send while recruiting, including how much they rely on word of mouth and traditional methods versus seeking a broader reach for diversified candidates.
Will McCallum, managing director, KPMG, said larger multinational insurers are adjusting their organizations and risk strategies to accommodate cross-border tax issues.
