October 23, 2014
 
 

 

 

 

Cyber Crime in the news…Ty Sagalow reports on government/industry responses to Cyber Risk.

 

 

Cybercrime and Cyber Risk are making headlines. Recently, Federal Prosecutors charged a gang of hackers from Russia and the Ukraine with stealing 160 million credit card numbers from more than a dozen companies. Authorities said it’s “the largest hacking scheme in U.S. history.”  Some of the same hackers were accused of computer attacks on Citibank, PNC Bank and the Nasdaq stock exchange as well. And earlier this year, an international ring of cyber thieves stole $40 million in 10 hours from ATMs in more than two dozen countries.

 

Ty Sagalow, president of Innovation Insurance Group, joined WRIN.tv to discuss the impact of cybercrime on companies and infrastructure, what governments and insurers are doing to mitigate cyber losses, and developments in cyber risk insurance coverages.

 

Ty Sagalow is host of WRIN.tv’s Innovations in Insurance series. To view Innovations in Insurance programs with Vince Tizzio, President/CEO of Navigators Management Company, Inc., or with Pamela Newman of The Newman Team at Aon, visit the WRIN.tv On Demand Library.

 

Ty Sagalow

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M&As are riskier than organic growth, but can be an effective way to augment capabilities - CEO at CNO Financial Group.

M&As are riskier than organic growth, but can be an effective way to augment capabilities - CEO at CNO Financial Group.

For some companies, engaging in a merger or acquisition is an important part of a growth strategy. WRIN.tv spoke with Ed Bonach, CEO of the CNO Financial Group, about market and business conditions surrounding today’s M&A strategies.  Watch more

Comments(0) 22 Oct 2014

With economic prospects improving, regulation and excess capital will drive insurance M&As - Director at Towers Watson.

With economic prospects improving, regulation and excess capital will drive insurance M&As - Director at Towers Watson.

Towers Watson recently released a report looking at the drivers of M&A activity in the U.S. P&C market. WRIN.tv spoke with Alessandro Santoni, Director of the Risk & Financial Services at Towers Watson, about the report during the SNL Insurance M&A Symposium in New York.  Watch more

Comments(0) 21 Oct 2014

NFP COO sees shift to consumerism in life insurance and benefits supported by technology and transparency.

NFP COO sees shift to consumerism in life insurance and benefits supported by technology and transparency.

Towers Watson recently released a report looking at the drivers of M&A activity in the U.S. P&C market. WRIN.tv spoke with Alessandro Santoni, Director of the Risk & Financial Services at Towers Watson, about the report during the SNL Insurance M&A Symposium in New York.   Watch more

Comments(0) 21 Oct 2014

Deloitte partner explains the four stages in an M&A life cycle.

Deloitte partner explains the four stages in an M&A life cycle.

WRIN.tv spoke with Matthew Hutton from Deloitte about the life cycle of mergers and acquisitions, and the importance of due diligence. He says there are four stages in the life cycle of an M&A: M&A strategy; Target Screening; Due Diligence and Transaction execution; and Integration.   Watch more

Comments(0) 20 Oct 2014

Monday Morning Headlines: October 20, 2014.

Monday Morning Headlines: October 20, 2014.

Monday Morning Headlines: Hurricane Gonzalo; RMS: Next big earthquake in San Francisco Bay Area could cause $200B in losses; Report: More than 10,000 California consumers could lose health coverage under ACA; Moody's reports stable outlook for US P&C personal Ins. Ind.; Accenture: Ins. claim satisfaction not enough to keep customers loyal; Reinsurers' use of multiyear deals should be limited, S&P says; and more.    Watch more

Comments(0) 19 Oct 2014

WRIN.tv Week in Review: October 13-17, 2014

WRIN.tv Week in Review: October 13-17, 2014

Monday Morning Headlines; Sandy Bigglestone VT Dir Captive Ins., Rod Nofzigerthe OOIDA, Joe Petrelli President of Demotech,Joe Sheerer Stonybrook Capital,  Dan Labrie the new Chairman of NRRA; Reinsurance Today with Frank Nutter and Tad Montross Gen Re; SNL M&A Symposium – Scott Littlejohn, BMO Capital  Watch more

Comments(0) 18 Oct 2014

Environment not conducive to M&A, though “underperformers” could be selling – Managing Director at BMO Capital Markets.

Environment not conducive to M&A, though “underperformers” could be selling – Managing Director at BMO Capital Markets.

WRIN.tv was onsite at the 5th Annual SNL Insurance M&A Symposium in New York, where senior executives from the industry came together with top deal-makers to look at expectations and prospects for mergers and acquisitions in the sector.   Watch more

Comments(0) 16 Oct 2014

RRGs not showing signs of soft market, according to Demotech President.

RRGs not showing signs of soft market, according to Demotech President.

Demotech has carved out a niche as a rating agency analyzing regional and specialty P&C companies, title insurers, and risk retention groups (RRGs).  Here, Demotech President Joe Petrelli discusses the Demontech approach to ratings and the firm’s most recent report on RRGs.  Watch more

Comments(0) 15 Oct 2014

RRGs respond best when traditional market falls short, according to new NRRA Chair.

RRGs respond best when traditional market falls short, according to new NRRA Chair.

With Sandy Elsass stepping down as Chairman of the National Risk Retention Association (NRRA), Dan Labrie stepped into the role at the Annual NRRA Conference in Chicago. He is also President and CEO of the HAI Group.    Watch more

Comments(0) 15 Oct 2014

New regulations could have devastating impact on the trucking and insurance industry, according to OOIDA COO.

New regulations could have devastating impact on the trucking and insurance industry, according to OOIDA COO.

Rod Nofziger, the COO of the Owner Operated Independent Drivers Association (OOIDA), spoke with WRIN.tv during the NRRA Conference in Chicago about the meeting and his concerns about new regulations that could have a negative impact on more than just the truckers he represents.  Watch more

Comments(0) 14 Oct 2014

Why Vermont continues to thrive as a captive/RRG domicile, despite competition.

Why Vermont continues to thrive as a captive/RRG domicile, despite competition.

WRIN.tv spoke with Sandy Bigglestone, the Director of Captive Insurance in Vermont’s Department of Financial Regulation, about the current state of the captive and RRG market, and why Vermont continues to be an attractive domicile.   Watch more

Comments(0) 14 Oct 2014

As RRGs are more accepted as alternative risk vehicle, premium could grow to $5 billion - Stonybrook Capital Founder.

As RRGs are more accepted as alternative risk vehicle, premium could grow to $5 billion - Stonybrook Capital Founder.

There are several creative strategies emerging that are affecting capital raising, M&As, and risk management.  WRIN.tv spoke with Joe Sheerer, founder of Stonybrook Capital, an investment banking and strategic advisory firm, about the different capital management strategies.    Watch more

Comments(0) 13 Oct 2014

Reinsurance Today:  RAA President welcomes Gen Re Chairman/CEO to discuss the prospects for reinsurance and capital markets.

Reinsurance Today: RAA President welcomes Gen Re Chairman/CEO to discuss the prospects for reinsurance and capital markets.

WRIN.tv’s Reinsurance Today is a new series hosted by Frank Nutter, President of the Reinsurance Association of America (RAA), and focused on news and analysis of the reinsurance marketplace.In this edition of Reinsurance Today, Frank Nutter welcomes Tad Montross, Chairman and CEO of General Re.  Watch more

Comments(0) 13 Oct 2014

Monday Morning Headlines: October 13, 2014.

Monday Morning Headlines: October 13, 2014.

Monday Morning Headlines: Greenberg’s lawsuit vs. AIG moves ahead.;FSOC OKs MetLife request for hearing over possible SIFI designation;Big data: A big deal in a soft insurance market? AIR Worldwide introduces inland flood model for U; SWal-Mart makes health care enrollment play, rattles eHealth shares; and more.  Watch more

Comments(0) 12 Oct 2014

WRIN.tv Week in Review: October 6-10, 2014

WRIN.tv Week in Review: October 6-10, 2014

Monday Morning Headlines; Continued Coverage of NRRA Annual Meeting with Sandy Elsass, Joe Deems, Skip Myers, Michael Schroeder and Michael Bemi; Cyber Risk Series on Board and C-Suite responsibilities for data breach preparedness; ACORD Tech Talk on Internet of Things; A.M. Best Outlook for Vision Insurers.      Watch more

Comments(0) 11 Oct 2014

Acclaimed risk management program developed by National Catholic RRG helps prevent sexual misconduct.

Acclaimed risk management program developed by National Catholic RRG helps prevent sexual misconduct.

The Catholic church must manage difficult liability risks, some unique to a global organization with many local outlets.  WRIN.tv spoke with Michael Bemi from The National Catholic Risk Retention Group about the distinct challenges he faces.   Watch more

Comments(0) 09 Oct 2014

ACORD Tech Talk: The Internet of Things (Part 2) – The impact on the insurance industry.

ACORD Tech Talk: The Internet of Things (Part 2) – The impact on the insurance industry.

In this edition of ACORD Tech Talk, host Johnell Johnson welcomes Pete Teresi, VP of Standards and Technology from ACORD, for a follow-up discussion on “The Internet of Things."  Here, he talks about the future of a connected world, how it will affect our lives, and its impact on the insurance industry.   Watch more

Comments(0) 09 Oct 2014

RRGs awaiting Congressional vote on addition of property risks, according to NRRA General Counsel.

RRGs awaiting Congressional vote on addition of property risks, according to NRRA General Counsel.

Risk Retention Groups (RRGs) are subject to several laws unique within the insurance industry.  WRIN.tv spoke with NRRA’s General Counsel Skip Myers, who is also a Senior Partner at Morris, Manning & Martin, about the impact of legislation and regulation on RRGs during NRRA’s Annual Conference in Chicago.  Watch more

Comments(0) 08 Oct 2014

Big court cases bode well for RRGs in upholding LRRA, but some regulators still harbor

Big court cases bode well for RRGs in upholding LRRA, but some regulators still harbor "animosity."

A major topic of discussion at the Annual Conference of the National Risk Retention Association (NRRA) was the court battles some risk retention groups (RRGs) have waged to enforce the Liability Risk Retention Act (LRRA).  Watch more

Comments(0) 08 Oct 2014

Outgoing NRRA Chairman challenges members to recruit so NRRA can better defend Liability Risk Retention Act.

Outgoing NRRA Chairman challenges members to recruit so NRRA can better defend Liability Risk Retention Act.

WRIN.tv spoke with outgoing NRRA Chairman Sandy Elsass about the state of risk retention groups (RRGs) today; issues that continue to affect RRGs and his challenge to NRRA members in attendance.  Watch more

Comments(0) 07 Oct 2014

Cyber Risk Series: Board and C-Suite responsible for data breach preparedness.

Cyber Risk Series: Board and C-Suite responsible for data breach preparedness.

Stan Stahl, President of Citadel Information Group, welcomes Melissa Ventrone, chair of the Data Privacy & Security Practice at the law firm of Wilson Elser, and Worldwide Facilities VP Steve Vallone, to discuss the responsibility of the Board and senior management regarding company preparedness for cyber liability and data breaches.    Watch more

Comments(0) 07 Oct 2014

Despite challenges, the outlook for RRGs is very good, according to the Executive Director of NRRA.

Despite challenges, the outlook for RRGs is very good, according to the Executive Director of NRRA.

Like other segments of the P&C industry, Risk Retention Groups (RRGs) are affected by market conditions, emerging risks, and regulation.   Here, WRIN.tv speaks with Joe Deems, Executive Director of the National Risk Retention Association (NRRA), about the fight for the rights of RRGs, NRRA’s Annual Conference in Chicago, and his outlook for the future.  Watch more

Comments(0) 06 Oct 2014

A.M. Best reviews its “positive” outlook for vision insurers .

A.M. Best reviews its “positive” outlook for vision insurers .

In this edition of A.M. Best’s First Monday series, the rating agency looks at a sub-segment of the health insurance market: vision insurers.  A.M. Best Research Analyst, Jason Hopper, explores the growth in premiums for vision insurers, and why the outlook remains positive for the foreseeable future.    Watch more

Comments(0) 06 Oct 2014

Monday Morning Headlines: October 6, 2014.

Monday Morning Headlines: October 6, 2014.

Monday Morning Headlines: Fed to evaluate effects of revised regulatory capital framework; Industry fires back against CFA report questioning auto insurance affordability; Reputational damage a risk in wake of UK annuity changes, execs warn; Fla. insurance regulator signs off on removal of up to 215,488 Citizens policies; AmTrust defends co-founders over charity scrutiny.  Watch more

Comments(0) 05 Oct 2014

WRIN.tv Week in Review: September 28 - October 3, 2014.

WRIN.tv Week in Review: September 28 - October 3, 2014.

Monday Morning Headlines; Interviews with industry leaders from Head of Strategic Development-Lexington,President of Arch Re, Exec. Dir. WCRI, and a Partner from Debevoise & Plimpton: CONNecting with Conning: Eye on the Storm: Pacific Typhoon Season; A.M. Best – Reinsurance and Canada; and Spencer Foundation Gala   Watch more

Comments(0) 04 Oct 2014

Canadian insurance market, hurt by CAT losses, interest rates and regulation, maintains “Stable” A.M.  Best rating.

Canadian insurance market, hurt by CAT losses, interest rates and regulation, maintains “Stable” A.M. Best rating.

In highlights from a recent First Monday report, A.M. Best Financial Analysts explain the “Stable” ratings given the Canadian Property-Casualty and Life insurance sectors,  and their outlook for the immediate future of the markets.   Watch more

Comments(0) 03 Oct 2014

The Spencer Foundation’s 35th Annual Gala…Attracting talent to “an exciting industry.”

The Spencer Foundation’s 35th Annual Gala…Attracting talent to “an exciting industry.”

WRIN.tv went to the Spencer Foundation’s 35th Anniversary Gala in New York, where we spoke with Brion Callori, Spencer Foundation Chairman and SVP at FM Global about the role of the Spencer Foundation in attracting talent to the industry.    Watch more

Comments(0) 02 Oct 2014

Eye on the Storm: Typhoon Season – Typhoon Season below average so far, according to AIR.

Eye on the Storm: Typhoon Season – Typhoon Season below average so far, according to AIR.

WRIN.tv speaks with Dr. Peter Sousounis, AVP and Senior Principal Scientist at AIR Worldwide, about typhoon activity in the Pacific Basin.  Watch more

Comments(0) 02 Oct 2014

Use of opioids varies greatly in workers comp cases from state to state, according to WCRI.

Use of opioids varies greatly in workers comp cases from state to state, according to WCRI.

WRIN.tv speaks with Dr. Richard Victor, executive director at the Workers Compensation Research Institute (WCRI) to discuss how opioid use is affecting the insurance industry.  Watch more

Comments(0) 01 Oct 2014

Reinsurers need to leverage their intellectual property to grow, according to President of Arch Re.

Reinsurers need to leverage their intellectual property to grow, according to President of Arch Re.

The Monte Carlo RendezVous marks the beginning of the 1-1 renewal season in reinsurance.  And following a fairly calm hurricane season, and relatively low catastrophes losses overall, there appears to still be a continued downward pressure on rates.  WRIN.tv spoke with Nicolas Papadopoulo, President and CEO of Arch Re to discuss the current reinsurance market.  Watch more

Comments(0) 01 Oct 2014

Big Data provides insight into the “Total Cost of Risk

Big Data provides insight into the “Total Cost of Risk", according to Head of Strategic Development at Lexington.

Data has become the lifeblood of the insurance industry - assessing risk, informing decisions, and guiding resources. WRIN.tv speaks with Matt Power, EVP and Head of Strategic Development at Lexington Insurance, about the positive and the cautionary sides of data and technology.  Watch more

Comments(0) 30 Sep 2014

A.M. Best explains ‘Negative Outlook’ for reinsurance industry.

A.M. Best explains ‘Negative Outlook’ for reinsurance industry.

Excess capital and lower investment income have put pressure on reinsurers to make an acceptable return.  These and other persistent challenges are among the reasons for A.M. Best’s downgrade of the reinsurance sector from ‘Stable’ to ‘Negative.’  Watch more

Comments(0) 30 Sep 2014

CONNecting with Conning: Conning’s CEO on the new risk paradigm for insurance investors.

CONNecting with Conning: Conning’s CEO on the new risk paradigm for insurance investors.

While economists struggle to find good news in a challenging environment, institutional investors continue to search for yield in new and sometimes unfamiliar areas. WRIN.tv speaks with Woody Bradford, President and CEO at Conning, about his views on insurance investors evolving investment strategies.  Watch more

Comments(0) 29 Sep 2014

Regulation is one of the biggest drivers of insurance industry M&A, says partner at Debevoise & Plimpton.

Regulation is one of the biggest drivers of insurance industry M&A, says partner at Debevoise & Plimpton.

In a recent report, Fitch says alternative forms of risk transfer are a permanent market fixture, having gained acceptance in the reinsurance sector, particularly for property CAT risk. Here, Nick Potter, a partner with the multinational law firm of Debevoise & Plimpton discusses trends in insurance M&A activity.   Watch more

Comments(0) 29 Sep 2014

Monday Morning Headlines: September 29, 2014.

Monday Morning Headlines: September 29, 2014.

Monday Morning Headlines: FIO annual report highlights importance of non-US reinsurance market, Death Master File issues; SCOR's head of ILS strategies on the future of the market ;Towers Watson poll: Nearly a quarter of employers see private health exchanges as possible alternative; ACA insurers up 25% in 2015, HHS says; Calif. med-mal insurers pour millions into fighting negligence reform initiative;  and more.    Watch more

Comments(0) 28 Sep 2014

Technology is making it harder for insurers to distinguish themselves from their competition, according to ReSource Pro.

Technology is making it harder for insurers to distinguish themselves from their competition, according to ReSource Pro.

WRIN.tv spoke with Kurt Korhorst , Head of Productivity Solutions Group at ReSource Pro, a provider of outsourcing, about the many changes that affecting today’s surplus lines professional.   Watch more

Comments(0) 26 Sep 2014

WRIN.tv Week in Review: September 22 - 26, 2014.

WRIN.tv Week in Review: September 22 - 26, 2014.

 WRIN.tv ended its coverage of the RendezVous with Corelogic EQECAT President Paul Little; Brad Adderley a partner at Appleby, and Andrea Best from the law firm of Drinker Biddle & Reath; Continued its coverage of NAPSLO with: NAPCO CEO, AAMGA Executive Director,President of RT Specialty; National Casualty President at Risk Placement Services and AmWINS:  NRRA Sandy Elsass, Cyber Risk Series on breaches; and Eye on the Storm Rpt on Hurricane Odile     Watch more

Comments(0) 26 Sep 2014

AAMGA Executive Director on the next generation of insurance professional, excess capital, affordability, regulation, and more.

AAMGA Executive Director on the next generation of insurance professional, excess capital, affordability, regulation, and more.

In part 2 of WRIN.tv’s interview with Bernie Heinze, the Executive Director at the AAMGA assesses opportunities for growth in the wholesale market, AAMGA’s focus on the next generation of insurance professionals and his outlook for the future.     Watch more

Comments(0) 25 Sep 2014

Eye on the Storm:  AIR Worldwide assesses damage to Cabo from Hurricane Odile.

Eye on the Storm: AIR Worldwide assesses damage to Cabo from Hurricane Odile.

On Sunday, September 14th, Hurricane Odile came ashore as a Category 3 storm near the Mexican resort town of Cabo San Lucas  Watch more

Comments(0) 25 Sep 2014

As standard market carriers renew underwriting discipline, more business is coming back to surplus lines, according to Risk Placement Services exec.

As standard market carriers renew underwriting discipline, more business is coming back to surplus lines, according to Risk Placement Services exec.

WRIN.tv spoke with Bill Wilkinson, National Casualty President at Risk Placement Services, about the E&S casualty market during the recent NAPSLO Convention in Atlanta.    Watch more

Comments(0) 25 Sep 2014

AAMGA Executive Director sees sustainability, relevancy and opportunity as major issues for the E&S market.

AAMGA Executive Director sees sustainability, relevancy and opportunity as major issues for the E&S market.

WRIN.tv spoke with Bernie Heinze, Executive Director at the AAMGA, during the recent NAPLSLO Convention in Atlanta.    Watch more

Comments(0) 24 Sep 2014

RT Specialty exec sees great opportunities, even in a soft E&S market.

RT Specialty exec sees great opportunities, even in a soft E&S market.

WRIN.tv spoke with Brenda (Ballard) Austenfeld, President of RT Specialty’s Kansas City operations and Managing Director in their National Property Practice.  She addresses the turn-around in the E&S market, and the challenges and opportunities that still exist in surplus lines.   Watch more

Comments(0) 24 Sep 2014

Cyber Risk Series: Beazley Underwriter says a breach alone is not a disaster, but mishandling it is.

Cyber Risk Series: Beazley Underwriter says a breach alone is not a disaster, but mishandling it is.

Stan Stahl, President of Citadel Information Group, sits with Serene Davis, an Underwriter with Beazley, to discuss cyber breaches and what companies can do to protect themselves from a major loss.    Watch more

Comments(0) 24 Sep 2014

Concerns that regulators are competing over regulation of the insurance industry…Head of London Office at Drinker Biddle & Reath

Concerns that regulators are competing over regulation of the insurance industry…Head of London Office at Drinker Biddle & Reath

According to Andrea Best, head of the London Office of Drinker Biddle & Reath and part of the insurance practice team, there is a major concern among insurance professionals about the increased proliferation of regulation. It seems that “regulators (are) cooperating and competing with each other in a race to see who can do the most regulation for the industry.    Watch more

Comments(0) 23 Sep 2014

Influx of capital causing E&S markets to re-evaluate distribution strategy, according to AmWINS broker.

Influx of capital causing E&S markets to re-evaluate distribution strategy, according to AmWINS broker.

After a difficult 2012, the surplus lines market made a comeback in 2013. WRIN.tv asked Yiana Stavrakis, VP of Client Relationships at AmWINS, for her thoughts on some of the major topics in the E&S industry today.  Watch more

Comments(0) 23 Sep 2014

CoreLogic EQECAT President discusses the impact of alternative capital and regulation on the role of risk modelers.

CoreLogic EQECAT President discusses the impact of alternative capital and regulation on the role of risk modelers.

WRIN.tv spoke with Corelogic EQECAT President Paul Little about the changes in the CAT risk arena over the past few years, including the influx of new capital, evolving regulation, the growing reliance on modeling and the acquisition of EQECAT by CoreLogic.   Watch more

Comments(0) 23 Sep 2014

Bermuda to be a fuller marketplace for both P&C and Life Reinsurance companies, according to Appleby.

Bermuda to be a fuller marketplace for both P&C and Life Reinsurance companies, according to Appleby.

Bermuda is the world’s leading jurisdiction for reinsurance, capital markets and insurance linked securities, with ILS listings on the Bermuda Stock Exchange estimated at over $10 billion.    Watch more

Comments(0) 22 Sep 2014

NAPCO CEO comments on “Abundance” of capital in the market and CAT modeling poised for next level of innovation.

NAPCO CEO comments on “Abundance” of capital in the market and CAT modeling poised for next level of innovation.

Aside from the recent Napa earthquake, it’s been a relatively calm year for natural catastrophes. Here, WRIN.tv speaks with David Pagoumian, CEO of NAPCO, the property-CAT broker, about his views on the industry during the 2014 NAPSLO Convention in Atlanta.   Watch more

Comments(0) 22 Sep 2014

NRRA Chairman explains evolution of Risk Retention Groups; sees positive future.

NRRA Chairman explains evolution of Risk Retention Groups; sees positive future.

Risk Retention Groups (RRGs) in some sectors have faced increased competition from traditional carriers and other challenges in 2013.   Sandy Elsass, Chairman of the National Risk Retention Association (NRRA), joins WRIN.tv for a review of recent trends and his outlook for the future.    Watch more

Comments(0) 22 Sep 2014

Monday Morning Headlines: September 22, 2014.

Monday Morning Headlines: September 22, 2014.

Monday Morning Headlines: Pacific turmoil drops disaster losses on US West Coast; Hawaii to receive some federal aid for post-Iselle cleanup; Brokers highlight reinsurance growth opportunity in public/private partnerships; Insurers should look out for driverless cars; Insurers bought $1.50B in bonds issued by Dodgers regional sports network;  and more.  Watch more

Comments(0) 21 Sep 2014

Another year of low CAT activity and plenty of capital going into 1/1 reinsurance renewals, according to PCS.

Another year of low CAT activity and plenty of capital going into 1/1 reinsurance renewals, according to PCS.

For the second year in a row, the CAT bond market posted a first-half record for issuance.  WRIN.tv speaks with Joe Louwagie from Property Claim Services during the 2014 RendezVous in Monte Carlo about recent develops affecting the CAT Bond market.    Watch more

Comments(0) 19 Sep 2014

WRIN.tv Week in Review: September 15 - 19, 2014.

WRIN.tv Week in Review: September 15 - 19, 2014.

 WRIN.tv coverage of the RendezVous with Hamilton Insurance Brian Duperrault, Gen Re- Tad Montross, ANV CEO Matt Fairfield, AIR Worldwide Ming Lee, Guy Carpenter’s Chris Klein, Artemis Steve Evans, Keefe, Bruyette & Woods, Joe Beebe, …and Joe Louwagie from PCS; NAPSLO Convention Matt Fairfield, Lexington; Brady Kelly, NAPSLO, and Ron Austin, Worldwide Facilities.   Watch more

Comments(0) 19 Sep 2014

M&As up in reinsurance; Bermuda and Lloyd’s expected to be more active, according to Keefe, Bruyette & Woods Managing Director

M&As up in reinsurance; Bermuda and Lloyd’s expected to be more active, according to Keefe, Bruyette & Woods Managing Director

The topic of mergers and acquisitions in the reinsurance space has been part of the buzz here in Monte Carlo at the RendezVous de Septembre.  Here Joe Beebe, Managing Director the investment bank and broker-dealer Keefe, Bruyette & Woods, speaks with WRIN.tv about what is driving these discussions.  Watch more

Comments(0) 18 Sep 2014

Worldwide Facilities President and COO on the state of the surplus lines market and the future.

Worldwide Facilities President and COO on the state of the surplus lines market and the future.

Ron Austin, President and COO of Worldwide Facilities, speaks with WRIN.tv about the state of the surplus lines market and the future.   Watch more

Comments(0) 18 Sep 2014

Guy Carpenter’s Chris Klein on global warming, terrorism and other threats to insurers’ bottom line.

Guy Carpenter’s Chris Klein on global warming, terrorism and other threats to insurers’ bottom line.

In Part two of our discussion with Chris Klein, Head of EMEA Strategy Management at Guy Carpenter, he talks about difficult risks to manage, including threats from global warming, terrorism, and more.    Watch more

Comments(0) 18 Sep 2014

Economy, pricing cycles, syndication and growth are among key topics at NAPSLO, according to Lexington exec.

Economy, pricing cycles, syndication and growth are among key topics at NAPSLO, according to Lexington exec.

A record number of surplus lines underwriters, brokers and service professionals attended NAPSLO’s 40th Annual Convention to discuss a segment of the market that is rebounding years of high loss activity.  Here, Matt Power, EVP and Head of Strategic Development at Lexington Insurance, speaks with WRIN.tv about the major issues facing the market today.    Watch more

Comments(0) 17 Sep 2014

NAPSLO’s Executive Director on the E&S market, regulation, innovation and the future.

NAPSLO’s Executive Director on the E&S market, regulation, innovation and the future.

Brady Kelley, Executive Director of the National Association of Professional Surplus Lines Offices (NAPSLO) speaks with WRIN.tv during NAPSLO’s Annual Convention in Atlanta about the conference, the E&S market, regulation, opportunities for growth and more.   Watch more

Comments(0) 17 Sep 2014

Gen Re Chairman warns against “false sense of security” given low CAT losses and untested alternative capital in the reinsurance market.

Gen Re Chairman warns against “false sense of security” given low CAT losses and untested alternative capital in the reinsurance market.

Gen Re Chairman, President and CEO Tad Montross speaks with WRIN.tv at the Monte Carlo RendezVous about the state of the reinsurance market and issues buyers are facing in light of influx of alternative capital.   Watch more

Comments(0) 17 Sep 2014

AIR Worldwide President & CEO on changes in the marketplace and how AIR is responding

AIR Worldwide President & CEO on changes in the marketplace and how AIR is responding

The risk modeling space evolves rapidly each year, as data and technology allow for a deeper understanding of risk.   WRIN.tv spoke with Ming Lee, President and CEO of AIR Worldwide, for his views on the changes in the marketplace, and how AIR is keeping pace.    Watch more

Comments(0) 16 Sep 2014

ANV CEO on why alternative capital and cyber risk are both misnomers

ANV CEO on why alternative capital and cyber risk are both misnomers

At the RendezVous in Monte Carlo, ANV CEO Matt Fairfield shares his thoughts on the global economy, alternative capital, cyber risk and the impact of litigation on directors and officers.  Watch more

Comments(0) 16 Sep 2014

Guy Carpenter's Chris Klein explains the impact the global economy and alternative capital has on the (re) insurance sector

Guy Carpenter's Chris Klein explains the impact the global economy and alternative capital has on the (re) insurance sector

WRIN.tv speaks with Chris Klein, Head of EMEA Strategy Management at Guy Carpenter, about a range of topics, from the economy and alternative capital, to global warming, terror risk and more.    Watch more

Comments(0) 16 Sep 2014

Artemis owner on the hot topic at this year's RendezVous de Septembre in Monte Carlo: Alternative Capital

Artemis owner on the hot topic at this year's RendezVous de Septembre in Monte Carlo: Alternative Capital

Industry executives from Europe and around the world have assembled in Monte Carlo at the RendezVous de Septembre, to discuss the state of the industry in anticipation of upcoming reinsurance renewals.      Watch more

Comments(0) 15 Sep 2014

Duperreault buoyant about the future despite market challenges

Duperreault buoyant about the future despite market challenges

Brian Duperreault has had a “Hall of Fame” career. He was inducted in the Insurance Hall of Fame in 2011 and retired in 2012 from MMC.  Last year, he formed Hamilton Insurance Group out of Bermuda, designed to focus on property-casualty reinsurance. WRIN.tv spoke with Mr. Duperreault during the RendezVous in Monte Carlo.      Watch more

Comments(0) 15 Sep 2014

Monday Morning Headlines: September 15, 2014.

Monday Morning Headlines: September 15, 2014.

Monday Morning Headlines: US hit with more than $4B of economic losses from August natural disasters; TRIA reauthorization; S&P says reinsurers need 2 'shock scenarios' to turn pricing; Reinsurers must innovate to see off threat from Google; Driverless cars, safety features to help reduce claim frequency;  And more    Watch more

Comments(0) 14 Sep 2014

WRIN.tv Week in Review: September 8-12, 2014.

WRIN.tv Week in Review: September 8-12, 2014.

 President /CEO Lexington Insurance on TRIA reauthorization, regulations, importance of communications and innovation; Cyber Risk Series-importance of crisis mgt, data privacy/security; Interview with  Chairman/CEO Arch Worldwide Re and Mortgage Group.   Watch more

Comments(0) 13 Sep 2014

Lexington President/CEO discusses the importance of client communication before, during and after a CAT, and recent innovations like drone cover.

Lexington President/CEO discusses the importance of client communication before, during and after a CAT, and recent innovations like drone cover.

Lexington Insurance Company President & CEO Jeremy Johnson discusses the management of losses from natural catastrophes, Lexington’s new coverage for unmanned aerial vehicles (drones) and innovation at Lexington.  Watch more

Comments(0) 11 Sep 2014

Cyber Risk Series: Wilson Elser attorney on crisis management, data privacy/security and (re)insurance coverage.

Cyber Risk Series: Wilson Elser attorney on crisis management, data privacy/security and (re)insurance coverage.

Stan Stahl, President of Citadel Information Group, Inc. sat down with attorney Melissa Ventrone who is the chair of the law firm of Wilson Elser’s Data Privacy & Security practice to discuss the legal aspects of cyber crime.   Watch more

Comments(0) 10 Sep 2014

Lexington President/CEO sees need for uniformity in State regulations, and believes TRIA will be reauthorized before year’s end

Lexington President/CEO sees need for uniformity in State regulations, and believes TRIA will be reauthorized before year’s end

The agenda at the 2014 NAPSLO Conference in Atlanta includes several legislative issues, Non-admitted and Reinsurance Reform Act enacted in 2010 and TRIA renewal.  In Part One of a two part interview with WRIN.tv, Lexington President & CEO Jeremy Johnson discusses some of the major issues facing the surplus lines market.   Watch more

Comments(0) 09 Sep 2014

Alternative capital is part of the capital reinsurers provide to the market as underwriters of risk.

Alternative capital is part of the capital reinsurers provide to the market as underwriters of risk.

New capital entering the reinsurance market in recent years is just one of the many challenges facing traditional reinsurers. Marc Grandisson, Chairman and CEO of Arch Worldwide Reinsurance and Mortgage Groups, discusses the state of the reinsurance market.     Watch more

Comments(0) 08 Sep 2014

Monday Morning Headlines: September 8, 2014.

Monday Morning Headlines: September 8, 2014.

Monday Morning Headlines: FSOC preliminarily designates MetLife a nonbank SIFI: IAIS' meeting closures prompt warnings; CT. insurance commissioner on NAIC president ;FEMA denies post-Iselle assistance to Hawaii; Fewer than 5% of Californians in quake-hit area owned earthquake insurance. And more   Watch more

Comments(0) 07 Sep 2014

WRIN.tv Week in Review: September 1 - 5, 2014.

WRIN.tv Week in Review: September 1 - 5, 2014.

 Top EQ writers in California; US P&C industry Q2 statutory underwriting results; Fitch report on consolidation among reinsurers; Berkshire Hathaway boosted its E&S premiums; new series on Cyber Risk; WCRI on ways to predict injured worker outcomes; M&A activity in the insurance sector.   Watch more

Comments(0) 05 Sep 2014

There are ways to predict injured worker outcomes according to WCRI

There are ways to predict injured worker outcomes according to WCRI

Returning injured workers to the job as quickly as possible is often better for the worker’s recovery, and for the organization providing workers comp coverage. But the speed of return-to-work can vary based on the individual.    Watch more

Comments(0) 04 Sep 2014

Cyber Risk Series: The Threat…The Response.

Cyber Risk Series: The Threat…The Response.

Stan Stahl, President Citadel Information Group, Inc. sat down with Marc Maiffret, who is the Chief Technology Officer at BeyondTrust, a leading security and compliance management company to discuss the evolution of cyber crime and what companies should do to protect themselves.  Watch more

Comments(0) 03 Sep 2014

Momentum continues to build for Insurance M&A, according to Deloitte.

Momentum continues to build for Insurance M&A, according to Deloitte.

The number of mergers and acquisitions in the insurance industry fell in 2013 compared to 2012. Here, WRIN.tv speaks with Boris Lukan. Principal in Deloitte’s U.S. Property & Casualty Insurance Consulting practice, about deal activity and the future of M&A in insurance.  Watch more

Comments(0) 02 Sep 2014

Monday Morning Headlines: September 2, 2014.

Monday Morning Headlines: September 2, 2014.

Monday Morning Headlines: Top writers of California earthquake risk; US P&C industry posts best Q2 statutory underwriting results in several years; Fitch sees consolidation among reinsurers;  Citizens Property Ins. Co. targets 'stunning' rate decreases for 2015; Berkshire Hathaway boosted E&S premiums 65% YOY in Q2.   Watch more

Comments(0) 01 Sep 2014

WRIN.tv Week in Review: August 25-29, 2014.

WRIN.tv Week in Review: August 25-29, 2014.

 Q2'14 P&C underwriting results; NAIC adopts new monitoring framework for life insurers' captive transactions;  Earthquake coverage; Ironshore; ACORD Tech Talk: The Internet of Things.  Mid-season Hurricane Report; Insurers are expected to increase investments in BA securities; and more.   Watch more

Comments(0) 29 Aug 2014

Without a meaningful increase in interest rates, insurers are expected to increase investments in BA securities.

Without a meaningful increase in interest rates, insurers are expected to increase investments in BA securities.

In a recent report on investment allocations, A.M. Best looked at increased investment by U.S. insurers in non-traditional asset classes. In this edition of First Monday, analysts say low interest rates make schedule BA securities more attractive, even though they can be more volatile.    Watch more

Comments(0) 27 Aug 2014

ACORD Tech Talk: The Internet of Things – Part 1.

ACORD Tech Talk: The Internet of Things – Part 1.

In this edition of ACORD Tech Talk, Pete Teresi, VP of Standards and Technology from Acord, discusses “The Internet of Things”.  Watch more

Comments(0) 26 Aug 2014

Mid-season Hurricane Report: El Nino less a factor than predicted…so far.

Mid-season Hurricane Report: El Nino less a factor than predicted…so far.

 Prior to the 2014 Atlantic Hurricane Season, forecasters predicted that it would be a rather mild year for tropical storms.  Here with a mid-season review is Dr. Tim Doggett, Assistant Vice President and Senior Principal Scientist at AIR Worldwide   Watch more

Comments(0) 25 Aug 2014

Monday Morning Headlines: August 25, 2014.

Monday Morning Headlines: August 25, 2014.

Monday Morning Headlines: First look at Q2'14 P&C underwriting results; NAIC, industry groups blast IAIS over lack of transparency; NAIC adopts new monitoring framework for life insurers' captive transactions; Number of homeowners with earthquake coverage declining even as risk grows; Did Ironshore just effectively set its IPO price; Allied World to acquire Hong Kong, Singapore operations of RSA for $215M.    Watch more

Comments(0) 24 Aug 2014

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Monday Morning Headlines: August 25, 2014.

Monday Morning Headlines: August 25, 2014.

Monday Morning Headlines: First look at Q2'14 P&C underwriting results; NAIC, industry groups blast IAIS over lack of transparency; NAIC adopts new monitoring framework for life insurers' captive transactions; Number of homeowners with earthquake coverage declining even as risk grows; Did Ironshore just effectively set its IPO price; Allied World to acquire Hong Kong, Singapore operations of RSA for $215M.    Watch more

24 Aug 2014

Monday Morning Headlines: August 18, 2014.

Monday Morning Headlines: August 18, 2014.

 Monday Morning Headlines are compiled by SNL Insurance and produced by WRIN.tvas a weekly video digest of the news making headlines in the U.S. Insurance industry.  Watch more

18 Aug 2014

“Business Intelligence” is transforming the risk management process.

“Business Intelligence” is transforming the risk management process.

The pace of change in the insurance industry is hastened by the effective use of data and technology.  Here, WRIN.tv speaks with Yodil CEO and Founder Fred Waite, about how “Business Intelligence” is transforming the risk management process, from front-end to back-end.   Watch more

21 Aug 2014

Doctor’s health care insurance fraud practice uncovered after his death.

Doctor’s health care insurance fraud practice uncovered after his death.

In this edition of "Who Got Caught", noted attorney, claims expert and author Barry Zalma discusses a multi-million dollar health care fraud scheme that was uncovered when a doctor’s estate went into probate after his death. Watch more

19 Aug 2014

Mexico ahead of EU on implementation of Solvency II-like regulation - A.M. Best

Mexico ahead of EU on implementation of Solvency II-like regulation - A.M. Best

A.M. Best recently released its review of the Mexican Insurance market. In highlights from A.M. Best's First Monday series, Alfonso Novelo, Director of Analysis for A.M. Best discusses Mexico’s plans to implement a Solvency II-like risk-based solvency regime in 2015.   Watch more

20 Aug 2014

BIBA CEO on ‘price-comparison’ websites, whiplash fraud, Flood Re exclusions and UK intermediary standards.

BIBA CEO on ‘price-comparison’ websites, whiplash fraud, Flood Re exclusions and UK intermediary standards.

Steve White, the vocal CEO of the British Insurance Brokers' Association (BIBA), joins WRIN.tv for a broad discussion on topical issues affecting the UK insurance market, including ‘price-comparison’ Watch more

19 Aug 2014

Scams associated with referral kickbacks plague the U.S. health care system.

Scams associated with referral kickbacks plague the U.S. health care system.

 In this edition of "Who Got Caught", noted attorney, claims expert and author Barry Zalma discusses a $205 million Medicare fraud scheme involving kickbacks for mental health services that were never administered.   Watch more

12 Aug 2014

Monday Morning Headlines: September 2, 2014.

Monday Morning Headlines: September 2, 2014.

Monday Morning Headlines: Top writers of California earthquake risk; US P&C industry posts best Q2 statutory underwriting results in several years; Fitch sees consolidation among reinsurers;  Citizens Property Ins. Co. targets 'stunning' rate decreases for 2015; Berkshire Hathaway boosted E&S premiums 65% YOY in Q2.   Watch more

01 Sep 2014

U.S. Captives continue to outperform commercial market - A.M. Best.

U.S. Captives continue to outperform commercial market - A.M. Best.

A.M. Best recently released its review of the U.S. captive market, which continued to show positive results.  In highlights from A.M. Best's First Monday series, AVP Steve Chirico reviews the paper including issues affecting the U.S. captive market, as well as risk retention groups.  Watch more

13 Aug 2014

WRIN.tv Week in Review: August 11 - 15, 2014

WRIN.tv Week in Review: August 11 - 15, 2014

 PCI’s VP of policy and government relations with insights into TRIA’s chances for reauthorization; Hurricane Iselle was a "myth buster"; Insurance fraud scheme involving kickbacks for mental health services; .M. Best’s First Monday series reviewed U.S. Captive market.  Watch more

15 Aug 2014

WRIN.tv Week in Review: August 18 - 22, 2014.

WRIN.tv Week in Review: August 18 - 22, 2014.

 Hawaii relatively unscathed by Hurricane Iselle, and avoiding Hurricane Julio; Allianz looking to raise airline insurance prices; poor underwriting practices hurting results of commercial auto insurers; WellPoint is changing its name to Anthem; BIBA’s CEO; Mexico plans to implement a Solvency II-like risk-based solvency regime; Who Got Caught – healthcare fraud.  Watch more

22 Aug 2014

Monday Morning Headlines: September 8, 2014.

Monday Morning Headlines: September 8, 2014.

Monday Morning Headlines: FSOC preliminarily designates MetLife a nonbank SIFI: IAIS' meeting closures prompt warnings; CT. insurance commissioner on NAIC president ;FEMA denies post-Iselle assistance to Hawaii; Fewer than 5% of Californians in quake-hit area owned earthquake insurance. And more   Watch more

07 Sep 2014

Mid-season Hurricane Report: El Nino less a factor than predicted…so far.

Mid-season Hurricane Report: El Nino less a factor than predicted…so far.

 Prior to the 2014 Atlantic Hurricane Season, forecasters predicted that it would be a rather mild year for tropical storms.  Here with a mid-season review is Dr. Tim Doggett, Assistant Vice President and Senior Principal Scientist at AIR Worldwide   Watch more

25 Aug 2014

ACORD Tech Talk: The Internet of Things – Part 1.

ACORD Tech Talk: The Internet of Things – Part 1.

In this edition of ACORD Tech Talk, Pete Teresi, VP of Standards and Technology from Acord, discusses “The Internet of Things”.  Watch more

26 Aug 2014

Monday Morning Headlines: September 15, 2014.

Monday Morning Headlines: September 15, 2014.

Monday Morning Headlines: US hit with more than $4B of economic losses from August natural disasters; TRIA reauthorization; S&P says reinsurers need 2 'shock scenarios' to turn pricing; Reinsurers must innovate to see off threat from Google; Driverless cars, safety features to help reduce claim frequency;  And more    Watch more

14 Sep 2014

Without a meaningful increase in interest rates, insurers are expected to increase investments in BA securities.

Without a meaningful increase in interest rates, insurers are expected to increase investments in BA securities.

In a recent report on investment allocations, A.M. Best looked at increased investment by U.S. insurers in non-traditional asset classes. In this edition of First Monday, analysts say low interest rates make schedule BA securities more attractive, even though they can be more volatile.    Watch more

27 Aug 2014

There are ways to predict injured worker outcomes according to WCRI

There are ways to predict injured worker outcomes according to WCRI

Returning injured workers to the job as quickly as possible is often better for the worker’s recovery, and for the organization providing workers comp coverage. But the speed of return-to-work can vary based on the individual.    Watch more

04 Sep 2014

Momentum continues to build for Insurance M&A, according to Deloitte.

Momentum continues to build for Insurance M&A, according to Deloitte.

The number of mergers and acquisitions in the insurance industry fell in 2013 compared to 2012. Here, WRIN.tv speaks with Boris Lukan. Principal in Deloitte’s U.S. Property & Casualty Insurance Consulting practice, about deal activity and the future of M&A in insurance.  Watch more

02 Sep 2014

WRIN.tv Week in Review: August 25-29, 2014.

WRIN.tv Week in Review: August 25-29, 2014.

 Q2'14 P&C underwriting results; NAIC adopts new monitoring framework for life insurers' captive transactions;  Earthquake coverage; Ironshore; ACORD Tech Talk: The Internet of Things.  Mid-season Hurricane Report; Insurers are expected to increase investments in BA securities; and more.   Watch more

29 Aug 2014

WRIN.tv Week in Review: September 1 - 5, 2014.

WRIN.tv Week in Review: September 1 - 5, 2014.

 Top EQ writers in California; US P&C industry Q2 statutory underwriting results; Fitch report on consolidation among reinsurers; Berkshire Hathaway boosted its E&S premiums; new series on Cyber Risk; WCRI on ways to predict injured worker outcomes; M&A activity in the insurance sector.   Watch more

05 Sep 2014

Monday Morning Headlines: September 22, 2014.

Monday Morning Headlines: September 22, 2014.

Monday Morning Headlines: Pacific turmoil drops disaster losses on US West Coast; Hawaii to receive some federal aid for post-Iselle cleanup; Brokers highlight reinsurance growth opportunity in public/private partnerships; Insurers should look out for driverless cars; Insurers bought $1.50B in bonds issued by Dodgers regional sports network;  and more.  Watch more

21 Sep 2014

CoreLogic EQECAT President discusses the impact of alternative capital and regulation on the role of risk modelers.

CoreLogic EQECAT President discusses the impact of alternative capital and regulation on the role of risk modelers.

WRIN.tv spoke with Corelogic EQECAT President Paul Little about the changes in the CAT risk arena over the past few years, including the influx of new capital, evolving regulation, the growing reliance on modeling and the acquisition of EQECAT by CoreLogic.   Watch more

23 Sep 2014

Duperreault buoyant about the future despite market challenges

Duperreault buoyant about the future despite market challenges

Brian Duperreault has had a “Hall of Fame” career. He was inducted in the Insurance Hall of Fame in 2011 and retired in 2012 from MMC.  Last year, he formed Hamilton Insurance Group out of Bermuda, designed to focus on property-casualty reinsurance. WRIN.tv spoke with Mr. Duperreault during the RendezVous in Monte Carlo.      Watch more

15 Sep 2014

Gen Re Chairman warns against “false sense of security” given low CAT losses and untested alternative capital in the reinsurance market.

Gen Re Chairman warns against “false sense of security” given low CAT losses and untested alternative capital in the reinsurance market.

Gen Re Chairman, President and CEO Tad Montross speaks with WRIN.tv at the Monte Carlo RendezVous about the state of the reinsurance market and issues buyers are facing in light of influx of alternative capital.   Watch more

17 Sep 2014

Concerns that regulators are competing over regulation of the insurance industry…Head of London Office at Drinker Biddle & Reath

Concerns that regulators are competing over regulation of the insurance industry…Head of London Office at Drinker Biddle & Reath

According to Andrea Best, head of the London Office of Drinker Biddle & Reath and part of the insurance practice team, there is a major concern among insurance professionals about the increased proliferation of regulation. It seems that “regulators (are) cooperating and competing with each other in a race to see who can do the most regulation for the industry.    Watch more

23 Sep 2014