Reinsurance Renewal Review: 2012: Here we review GC Capital Ideas’ stories covering the key reinsurance renewals in 2012.
Recent Posts from Alex Moczarski, CEO of Guy Carpenter and Chairman, Marsh & McLennan Companies International: Here we review recent GC Capital Ideas posts by Alex Moczarski, Chief Executive Officer of Guy Carpenter and Chairman, Marsh & McLennan Companies International.
CAT- i reports in 2012: Here we review all of the CAT-i reports that have appeared on GC Capital Ideas in 2012.
Risk Profile, Appetite, and Tolerance: Fundamental Concepts in Risk Management and Reinsurance Effectiveness: Prior to the recent turbulence in the financial markets, insurers and reinsurers were increasing their use of enterprise risk management to make risk and capital management decisions. While this was driven in part by rating agencies and regulators, many carriers began to recognize the value of metric-based frameworks and capital models in evaluating their portfolios.
Lower Storm Activity Expected Through Peak of 2012 Atlantic Hurricane Season: A new Guy Carpenter briefing suggests reduced hurricane activity for the peak of the 2012 Atlantic Hurricane Season. However, storms are more likely to develop in the West Atlantic and Gulf of Mexico with a higher threat to land. Since 1950, 100 percent of years saw the occurrence of a September tropical storm, a hurricane in 98 percent of years and a major hurricane in 74 percent of years. A major landfalling U.S. hurricane cannot be ruled out, despite the quiet period of recent weeks.
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And, you may have missed…..
Uncertain Market Ahead for Reinsurance Industry, Finds Guy Carpenter’s 2011 World Catastrophe Report: A number of developments in 2011 have created an uncertain market for the reinsurance industry as it begins to focus on next year’s renewals, according to 2011 World Catastrophe Reinsurance Market Report, released by Guy Carpenter & Company. These developments range from elevated global catastrophe activity to catastrophe model changes that have altered risk perceptions and changed expected loss amounts.