|[January 13, 2014]
A.M. BestTV: Axis Capital CEO: Market Ripe to Unlock New Risks
OLDWICK, 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.
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