Individual and panel interviews with A.M.BestTV
Mark Jennings, senior vice president, Wilmington Capital Securities, said reinsurers and insurers are consolidating because companies are not distinguishing themselves from one another.
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.
Timothy Kovacs, founder and CEO, Global Junction for Alternative Capital Solutions, said market conditions in Latin America are positive in some areas but uncertain in others.
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.
Will McCallum, managing director, KPMG, said larger multinational insurers are adjusting their organizations and risk strategies to accommodate cross-border tax issues.
