Individual and panel interviews with A.M.BestTV
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.
Paul Bailie, director, Willis Towers Watson Management (Bermuda), said increased regulation and a greater reliance on data analytics have insurance managers expanding their skills and concerns.
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.
