TMCnet News
A.M. BestTV: Axis Capital CEO: Market Ripe to Unlock New RisksOLDWICK, N.J. --(Business Wire)-- In this episode of A.M. BestTV, Albert Benchimol, CEO of Bermuda-based Axis (News - Alert) Capital Holdings Ltd., discusses market opportunities he sees for his company and the industry as a whole, such as using excess capital to take on new risks, or the potential to privatize government functions. Benchimol believes it's essential to apply its capital - especially with the rise of alternative capital and increased competition - to new economic sectors. Cyber liability and business contingency are two obvious areas, Benchimol said, as well as an increased role with in public insurance facilities, replacing the government on flood coverage, wind pools and terrorism. Regulation is also at the top of Benchimol's mind, but he cautioned against overlapping layers of regulation "that do not speak well to each other." Axis Capital provides specialty insurance and reinsurance. Click on http://www.ambest.com/v.asp?v=benchimol114 to view the video program. The full-length interview with Benchimol is available at http://www.ambest.com/v.asp?v=benchimol2114. A.M. BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M. BestTV episodes at www.ambest.tv. A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com. Copyright © 2014 by A.M. Best Company, Inc. ALL RIGHTS RESERVED. |
