OLDWICK, N.J.--(BUSINESS WIRE)--In this A.M. BestTV episode, on location from the Rendez-Vous de Septembre reinsurance conference in Monte Carlo, executives discuss how excess capital and capital-market competition have dampened reinsurance pricing, leaving reinsurers to seek new ways to cover new risks. Martin Davies, CEO of Towers Watson Capital Markets, said that while capital market interest has forced traditional reinsurers to innovate, there are some areas that experienced reinsurers can handle that newcomers at the moment cannot, such as multiclass transactions. David Priebe, vice chairman at Guy Carpenter, speaks about the company's involvement in selling the first-ever bond to protect against storm surge. Stephen Netherway, head of the insurance group at CMS Cameron McKenna, talks about the long-term organizational risks the influx of new capital brings. In the long run, James Vickers, chairman of Willis Re International, said that the growth of capital markets may dampen the industry's traditional hard and soft markets, but that could lead to more stability, and he hopes, sustainability. Stefan Holzberger, managing director, EMEA, at A.M. Best Europe - Rating Services Ltd., talks about the impact of excess capital on rates. Click on http://www.ambest.com/v.asp?v=rendezvousdaytwo913 to view the video program. Full conference coverage can be seen at http://www.ambest.com/montecarlo.

“The Capital Challenge: Reinsurance Capacity Overshadows Market”

Full-length interviews are available as well. Go to http://www.ambest.com/montecarlo to see new interviews throughout the conference. Interviews conducted thus far include:

• James Vickers, Chairman, Willis Re International, http://www.ambest.com/v.asp?v=vickers913
• Stephen Netherway, Partner, Head of Insurance Sector Group, CMS Cameron McKenna: http://www.ambest.com/v.asp?v=netherway913
• David Priebe, Vice Chairman, Guy Carpenter: http://www.ambest.com/v.asp?v=priebe913
• Martin Davies, CEO, Towers Watson Capital Markets: http://www.ambest.com/v.asp?v=davies913
• Stefan Holzberger, managing director, EMEA, at A.M. Best Europe - Rating Services Ltd.: http://www.ambest.com/v.asp?v=holzberger913

Register for A.M. Best’s daily e-newsletter from the 2013 Rendez-Vous de Septembre at www.ambest.com/conferencenews.

To access a complimentary copy of A.M. Best’s Global Reinsurance Segment Review report, “The Capital Challenge: Reinsurance Capacity Overshadows Market,” please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=216074.

A.M. BestTV covers exclusive A.M. Best Co. 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.

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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