In this ^A.M.BestTV episode, Michael Chang, chief executive officer, Endurance Global Risk Solutions (Endurance), said risk coverage opportunities are emerging in real estate, including covering larger retail centers against violence. Click onhttp://www.ambest.com/v.asp?v=chang1216 to view the entire program.

Chang explains the purpose of this Endurance unit, which was started in February 2016.

“Endurance believes there is significant premium potential in real estate, hospitality, financial institutions and professional services,” said Chang. “We did a lot of research on the ability to cross-sell multiple products to an individual customer; thus, at the end of the day, it is really hard to dislodge a carrier when it can provide both products and services.”

However, Chang acknowledges that this new business does have its challenges.

“I think the real challenges for us are that there are a lot of competitors out there that want to be in this space. I think the way that we have offset it was by the differentiation on industry specialization,” said Chang.

He continued that, “all the other carriers out there are more generalist in nature whereas our underwriters really understand the risk that they take on.”

Recent episodes of ^A.M.BestTV include:

• Infectious Diseases Require Mix of Captive, Commercial Coverage: Health and risk experts gathered at the 2016 Cayman Captive Forum said hospitals have limited coverage options and high potential costs in dealing with outbreaks of infectious diseases: http://www.ambest.com/v.asp?v=imac31216nc.

• Incoming U.S. Administration’s Tax Plans Capture Cayman Attention: Insurers gathered at the 2016 Cayman Captive Forum said Cayman’s local insurance expertise and infrastructure should help maintain its position as a leading insurance domicile: http://www.ambest.com/v.asp?v=imac1116nc.
• U.S. Marine Insurers Sail Into Uncertainty: Speakers at the annual meeting of the American Institute of Marine Underwriters said that in the long term, emerging markets and evolving technologies will open up new opportunities, but in the short term, macroeconomic challenges remain a drag on the sector:http://www.ambest.com/v.asp?v=aimu1116.
• A.M. Best’s Carter: Impact of Solvency II Came Ahead of Implementation: A.M. Best’s Greg Carter, managing director, analytics, EMEA, said at the A.M. Best 2016 Insurance Market Briefing – Europe & Methodology Review Seminar, credit quality has improved for many Western European insurers and has slipped for some Middle Eastern insurers. One benefit of Solvency II regulation has been improvement to companies’ enterprise risk management programs, a process that began in anticipation of the regulatory changes: http://www.ambest.com/v.asp?v=carter1116.

^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 © 2016 by A.M. Best Company, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161205005956/en/

IMAGE:The Royal Gazette Michael Chang