AM Best to sponsor Vermont Captive Insurance Association’s annual conference

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AM Best to sponsor Vermont Captive Insurance Association’s annual conference

Fri, 07/30/2021 - 5:54am -- tim

Vermont Business Magazine AM Best will moderate a session focused on innovation and the state of the captive insurance market at the 2021 Vermont Captive Insurance Association’s (VCIA) Annual Conference. AM Best also will participate in other capacities, including as a platinum sponsor of the event. The VCIA conference takes place Aug. 10-12, 2021. Thisw is the largest Captive conference in the world and Vermont is the leading domicle for captive insurance firms in the United States.

John Andre, AM Best managing director, will moderate a session titled “Rising to the Challenges: Coverage & Innovation.” The discussion will center on the ways captive insurers can implement innovative solutions to address shortfalls in owner insurance protections caused by the vagaries of the market. Other topics to be explored are as the impact of the hard market on the captive industry and the potential impacts on captive insurers’ performance and operations as a result of adding new lines of business. The session is scheduled for 10:30 a.m.-11:20 a.m. (EDT) on Aug. 10.

Andre has more than 30 years’ experience with AM Best and is responsible for a broad array of U.S., Bermuda and Caribbean-based property/casualty writers focused on national personal lines and local and regional coverages, as well as captive insurers and companies writing professional liability, specialty commercial and title insurance.

This year marks the 21st year that AM Best has sponsored the VCIA conference, which offers a multitude of seminars focused on captive insurance trends and networking opportunities. As part of a retooled online format, AM Best will take part in a Solution Lab, in which conference participants can learn about the rating agency, its role in the insurance industry and the resources it offers to insurance professionals, including Best’s Credit Ratings, insurance data and analytic resources and financial data products.

Additionally, Kate Smith, associate director, public relations, and Arthur Snyder IV, account manager, will present the AM Best Ignite Talk, “Who Wants to be a Millionaire: AM Best Ratings Edition.” This 10-minute segment, scheduled for Aug. 11 at 12:45 p.m., (EDT) features a contestant tackling a series of questions about Best’s Credit Ratings, including AM Best’s approach to rating captives. Ignite Talks are designed to be brief, informative presentations addressing specific topics and challenges faced by captive owners.

For more information about the VCIA’s virtual event, please visit the conference overview and agenda.

AM Best also is hosting a briefing exploring the state of the captive insurance market, as well as regulatory and risk issues affecting the captive sector. The online event will take place on Aug. 4 at 2:00 p.m. (EDT). To register, please go to http://www.ambest.com/webinars/captives21/index.html.

AM Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated in the United States and throughout the world. For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Source: OLDWICK, N.J.--(BUSINESS WIRE)--AM Best 7.28.2021