Individual and panel interviews with A.M.BestTV
Will McCallum, managing director, KPMG, said larger multinational insurers are adjusting their organizations and risk strategies to accommodate cross-border tax issues.
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.
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.
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.
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.
