In this episode of A.M. BestTV, top insurance industry executives and
officials discuss major market shifts at the Property/Casualty Insurance
Joint Industry Forum in New York, caused predominantly by regulatory
uncertainty and a glut of new capital. Many executives, including
Michael Sapnar, president and CEO of Transatlantic Holdings Inc., and
Jay Gelb, managing director at Barclays Capital, said the influx of
alternative capital is causing a market transformation. Matt Mosher,
senior vice president of global ratings at A.M. Best Co., said he
expects the long-term effect of the overabundant capital to go beyond
the immediate impacts being seen in the property catastrophe reinsurance
market. On regulation, John Huff, director of Missouri's Department of
Insurance, Financial Institutions & Professional Registration, said the
uncertainty is hampering the ability of the property/casualty sector to
conduct its business. The event included some 250 top executives from
the property/casualty insurance and reinsurance industry. Robert
Hartwig, president of the Insurance Information Institute, said the
forum provide leaders from all the different corners of the industry
with an opportunity to meet with each other in discuss topics of great
interest. Click on http://www.ambest.com/v.asp?v=forum114
to view the video program.
People who appear in this episode include:
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