The Role of Captives in Natural Catastrophe Programs

Recording Date: Tuesday September 24, 2019

Description

In the middle of the hurricane season, we take a look at the role of captives in natural catastrophe programs. Traditionally this has been an area that is challenging for captives due to the volatility of the risk and resulting capital requirements. However, with the insurance market tightening and traditional insurance products not addressing the broader economic damages from these events, can new approaches including captives be the answer? Topics covered include:

  • Natural catastrophe trends
  • Traditional property market challenges
  • Captive participation in traditional property programs
  • Parametric nat cat and weather-related insurance
  • Use of captives in parametric programs

This webinar is for any captive owners with natural catastrophe exposures or anyone wishing to understand how captives can be used in these programs as well as anyone looking for an introduction to parametric natural catastrophe insurance products.

Presenters

Robert Nusslein, Head, Innovative Risk Solutions Americas, Swiss Re Corporate Solutions. Bob has been with Swiss Re for the past 19 years and worked in the insurance industry for over 30 years. He has been in the innovative risk solutions segment for his entire career. Bob has engineered many ground breaking transactions in enterprise-wide integrated risk insurance programs, agriculture crop shortfall covers, structured credit and surety, parametric Nat Cat (earthquake and hurricane) covers, and Non-physical Damage Business Interruption risk.

Brady Young, President, Strategic Risk Solutions. Brady has over 30 years’ experience consulting to captives and has worked with US and European companies in most industries to assess the need for and optimize the role of their captive insurers. He has been involved in the formation of numerous captives and has provided strategic and operational consulting to many of SRS’s clients. He has led SRS and its captive services for the past 25 years.