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.
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.
Will McCallum, managing director, KPMG, said larger multinational insurers are adjusting their organizations and risk strategies to accommodate cross-border tax issues.
Jack Meskunas, senior director, Oppenheimer & Co., said captive insurers are better off holding bond portfolios in an environment of rising interest rates. The bonds themselves can be held and redeemed, rather than investing in bond funds.
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.
