|[August 15, 2014]
A.M.BestTV: Health, Medical Changes Are Driving Captive Activity
OLDWICK, N.J. --(Business Wire)--
This episode of A.M.BestTV closes out the third day of the
annual Vermont Captive Insurance Association (VCIA) Conference, which
brought together more than 1,100 brokers, consultants, insurers, captive
owners and managers to discuss alternative risk transfer. In this
episode, Les Boughner, Deputy CEO, Willis Global Captive Practice and
John Lochner, Director, Towers Watson discuss how The Patient Protection
and Affordable Care Act (PPACA) and larger health care organizations are
creating new, larger roles for captive insurance organizations.
Boughner stated, "We are really seeing a tremendous amount of new
activity in new formations as well as the addition of coverage to
existing ones, which is really driven by the entire change in risk
profiles under the PPACA, since companies now have to provide lifetime
maximums and can no longer exclude pre-existing conditions." Lochner
added, "The PPACA is resulting in a continuing acceleration of
physicians seeking employment typically by joining with hospitals. As a
result, these health care providers that have captives have to address
these physicians' prior acts as they come into captives."
Click on http://www.ambest.com/v.asp?v=vica3814
to view the video program. Full conference coverage can be seen at http://www.ambest.tv/vcia.
Other people who appear in this episode include:
Derek Freihaut, Principal and Consulting Actuary, Pinnacle Actuarial
Gary Osborne, President, USA Risk Group;
Suzanne Rende, Trust Officer, Key Private Bank;
John Cassell, Senior Partner, Spring Consulting Group; and
Richard Smith, Presiden, VCIA
Full-length interviews from day three of the event also are available
Recent episodes of A.M.BestTV include:
Captive Industry Deals With "Explosion of Domiciles":
Regulators and industry experts say that significant growth in the
captive industry, along with the growing number of U.S. states
competing for captive business, means more options exist; however,
they worry it could lead to inconsistent regulatory oversight: http://www.ambest.com/v.asp?v=vcia2814.
Captive Leaders Fret About "Regulation by Accident" At the Annual
Vermont Captive Insurance Association Conference: Participants say
that the Non-Admitted and Reinsurance Reform Act is causing confusion
in the captive industry. Small captives also face scrutiny from tax
authorities and regulators, according to Meg Green of A.M.BestTV:
First Monday: Leading Analysts, Key Topics: A look at rising
investment allocations to Schedule BA assets among U.S.
property/casualty and life/annuity companies; the U.S. captive
composite's continued outperformance over its commercial peers and the
potential impact of Mexico's approaching risk-based solvency regime: www.ambest.com/v.asp?v=firstmonday814.
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 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.
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