A.M. BestTV: New Jersey Aims for Growth in Captive Insurance Sector
OLDWICK, N.J.--(BUSINESS WIRE)--Jul 11, 2018--In this A.M. BestTV episode, insurers, experts and regulators meeting with the Captive Insurance Group of New Jersey say the state remains a smaller market, but continues to grow. Click on http://www.ambest.com/v.asp?v=njcaptive718 to view the entire program.
“I believe New Jersey has excellent prospects,” said Peter Gerken, senior vice president, Steel City Re. “The state looks like it has developed a great operation. … In particular, for companies that want to domicile or set-up a subsidiary here, the state has set some principal focuses that helps it to stand out from other domiciles.”
Daniel Ryan, senior director, A.M. Best, said he believes that, “The state has maintained its position among the top 25 in the captive market. The domicile is becoming more attractive to the captive market, which could bring more opportunities to the New Jersey captive industry.”
Also appearing in this episode:Sheila Small, executive director, Captive Insurance Group of New Jersey; and Marlene Caride, commissioner, New Jersey Department of Banking & Insurance.
Recent episodes of A.M. BestTV include:The First 100 Years Were Just the Beginning, Says Starr Chairman and CEO Greenberg: Maurice R. “Hank” Greenberg, chairman and chief executive officer, C.V. Starr & Co. Inc. (Starr), traces the roots of his organization, which came into existence nearly 100 years ago, and how he aims to build the next global insurance powerhouse: http://www.ambest.com/v.asp?v=greenberg618. Insurers Turn to New Tools and Data to Better Know Their Customers: Data and identity experts examine how insurers are melding surprising new data sources and analytic tools to protect policyholders and themselves: http://www.ambest.com/v.asp?v=data718. Takaful Insurers Struggle to Differentiate Themselves, Says A.M. Best Associate Director: Salman Siddiqui, associate director of analytics, A.M. Best, said insurers that offer products that comply with Islamic religious law have had limited market success compared with more established general insurance competitors: http://www.ambest.com/v.asp?v=uktakaful618. Scale, Data and Specialization Are Driving Insurance Mergers & Acquisitions, Says A.M. Best Senior Director: Catherine Thomas, senior director of analytics, A.M. Best, reviews the strategies buyers are following in selecting insurance acquisition targets and some of the post-acquisition issues that can undermine deals: http://www.ambest.com/v.asp?v=europeanmanda718.
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 http://www.ambest.tv.
A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2018 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180711005600/en/
CONTACT: A.M. Best
Lee McDonald, +1-908-439-2200, ext. 5561
Group Vice President, Publication and News Services
KEYWORD: UNITED STATES EUROPE NORTH AMERICA NEW JERSEY
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE
SOURCE: A.M. Best
Copyright Business Wire 2018.
PUB: 07/11/2018 11:30 AM/DISC: 07/11/2018 11:30 AM