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.
Strategic Growth and International Expansion a Priority for Lloyd’s, According to Guy Carpenter Report: A new report on the Lloyd’s insurance market published by Guy Carpenter finds that Lloyd’s is looking to improve its global competitiveness despite mounting challenges including low investment returns, record catastrophe losses, subdued economic growth in developed markets and uncertainty over the future of the Eurozone. Lloyd’s: A Vision for Targeted Growth provides an analysis of Lloyd’s operational performance, growth within the sector and explores how changes to the Market’s strategy will impact key players within the insurance industry.
GC Securities* Serves as Financial Advisor to Tower Group, Inc. on Tower’s USD75 million Investment in Canopius Group Limited: GC Securities, a division of MMC Securities (Europe) Limited, acted as financial advisor to Tower Group, Inc. (”Tower”) on its USD75 million investment into Canopius Group Limited, (”Canopius”) a privately owned Lloyd’s of London insurance holding company domiciled in Guernsey, Channel Islands.
Update: Tropical Depression Isaac: Tropical depression Isaac was downgraded from tropical storm status as of the 5PM EDT advisory Thursday. Isaac was and still is a large feature. Isaac trailed feeder bands as far as 750 miles (1,200 km) east of New Orleans, causing 5 inches of rain as far away as Charleston, South Carolina.
Chart: U.S. Property Catastrophe Rate on Line Index: Based on early calculations at July 1, overall property catastrophe pricing for 2012 as compared to 2011 was up 6.5 percent.
Most Popular Keyword: catastrophe bonds
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Emerging Markets Trends: Here we review recent GC Capital Ideas stories that have referenced (re)insurers doing business in emerging markets.
*Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd., which is authorized and regulated by the Financial Services Authority. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product. **GC Analytics is a registered mark with the U.S. Patent and Trademark Office.