Archive for June, 2013



June 28th, 2013

Week’s Top Stories: June 22 - 28, 2013

Posted at 8:00 AM ET

Guy Carpenter Launches New Mutual Company Specialty Practice: Guy Carpenter announced the launch of its new Mutual Company Specialty Practice, which will focus exclusively on the unique needs of mutual insurance companies. The practice will consist of a team of seasoned professionals dedicated to helping mutual company clients protect their capital and grow profitably.

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Chart: Combined Ratio, Guy Carpenter Reinsurance Composite, Q1 2013: Presents combined ratio for the Global, European and Bermuda Guy Carpenter Global Reinsurance Composites.

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Chart: Return on Equity Guy Carpenter Reinsurance Composite, Q1 2013: Presents return on equity for the Global, European and Bermuda Guy Carpenter Reinsurance Composites.

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Chart: Source of Earnings, Guy Carpenter Composite, Q1 2013:

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Specialty Insurance Program Market Poised for Growth Opportunities in 2013: Guy Carpenter released the findings of its eighth annual Specialty Insurance Program Issuing Carrier Survey. The survey, which analyzes trends and benchmarks movement in the Program Administrator and Managing General Agency (PA/MGA) market, reveals that the PA/MGA market continues to thrive and is well-positioned for growth in the year ahead.

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Most Popular Keyword:  casualty clash

And, you may have missed…..

Chart: Alternative Capacity as a Percentage of Global Property Catastrophe Reinsurance Limit: The increasing influence of alternative capacity is demonstrated by the chart below, which shows the growth of convergence capacity as a percentage of global property catastrophe limit from 2008 to 2013 (projected).

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June 27th, 2013

Chart: Combined Ratio, Guy Carpenter Reinsurance Composite, Q1 2013

Posted at 1:00 AM ET

Presents combined ratio for the Global, European and Bermuda Guy Carpenter Global Reinsurance Composites.

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June 26th, 2013

Chart: Return on Equity Guy Carpenter Reinsurance Composite, Q1 2013

Posted at 1:00 AM ET

Presents return on equity for the Global, European and Bermuda Guy Carpenter Reinsurance Composites.

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June 26th, 2013

Floods in Southern Alberta, Canada

Posted at 1:00 AM ET

albertasmallEvent Summary 

Record flooding in southern Alberta, Canada has caused extensive damage and claimed four lives. The flood event follows a period of prolonged and excessive rainfall in the area. More than 100,000 residents were evacuated due to the dangerous flood conditions, with 75,000 of those residents from the City of Calgary. Nearly 1,000 residents had to be rescued by boat or air from surrounding communities. Widespread flood damage and power outages have affected a great portion of southern Alberta. As flood waters recede, many residents of Calgary have been able to return home but still face power and gas disruption. A state of emergency remains in effect. Energy interests in Alberta have been disrupted. The Bank of Montreal estimates economic losses on the order of CAD 3-5 Billion.

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June 25th, 2013

Chart: Source of Earnings, Guy Carpenter Composite, Q1 2013

Posted at 1:00 AM ET

Source of Earnings, Guy Carpenter Global Reinsurance Composite, Q1 2013

2013-q1-earnings1

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June 24th, 2013

Chart: Return on Equity, Guy Carpenter Composite, Q1 2013

Posted at 2:13 PM ET
June 24th, 2013

Guy Carpenter Launches New Mutual Company Specialty Practice

Posted at 6:00 AM ET

Guy Carpenter announced the launch of its new Mutual Company Specialty Practice, which will focus exclusively on the unique needs of mutual insurance companies. The practice will consist of a team of seasoned professionals dedicated to helping mutual company clients protect their capital and grow profitably.

Continue reading…

June 21st, 2013

Week’s Top Stories: June 15 - 21, 2013

Posted at 8:00 AM ET

Chart: RBC Ratio to BCAR:   In Figure 1, RBC Ratio is defined as the ratio of aggregate Total Adjusted Capital to Authorized Control Level RBC for each of 111 combined insurance groups. Plotted against BCAR, there is clearly a strong correlation between the measures, though the relationship is not perfect.

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A.M. Best BCAR Updates: A briefing prepared by Guy Carpenter’s Ratings Advisory Team outlines important changes to the BCAR methodology and their implications.

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Catastrophe Bond Activity: Here we review recent GC Capital Ideas stories that have reported catastrophe bond transactions in which GC Securities was involved.

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Chart: Alternative Capacity as a Percentage of Global Property Catastrophe Reinsurance Limit: The increasing influence of alternative capacity is demonstrated by the chart below, which shows the growth of convergence capacity as a percentage of global property catastrophe limit from 2008 to 2013 (projected).

Read the article >>

 

Specialty Insurance Program Market Poised for Growth Opportunities in 2013: Guy Carpenter released the findings of its eighth annual Specialty Insurance Program Issuing Carrier Survey. The survey, which analyzes trends and benchmarks movement in the Program Administrator and Managing General Agency (PA/MGA) market, reveals that the PA/MGA market continues to thrive and is well-positioned for growth in the year ahead.

Read the article >>

 

Most Popular Keyword:   reinsurance rates 2013

 

And, you may have missed…..

Tokio Solution Management and GC Securities Create Private Catastrophe Bond Platform: Tokio Solution Management Ltd. (”Tokio Solution”) and GC Securities*, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/SIPC, are pleased to announce the creation and launch of a private catastrophe bond platform called the Tokio TensaiTM Platform.

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* 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, Inc. 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.

June 20th, 2013

Specialty Insurance Program Market Poised for Growth Opportunities in 2013

Posted at 5:04 AM ET

Guy Carpenter & Company today released the findings of its eighth annual Specialty Insurance Program Issuing Carrier Survey. The survey, which analyzes trends and benchmarks movement in the Program Administrator and Managing General Agency (PA/MGA) market, reveals that the PA/MGA market continues to thrive and is well-positioned for growth in the year ahead.

Continue reading…

June 19th, 2013

Catastrophe Bond Activity

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas stories that have reported catastrophe bond transactions in which GC Securities was involved. 

Continue reading…