September 6th, 2013

Week’s Top Stories: August 31 - September 6, 2013

Posted at 8:50 AM ET

Rising Sea Levels Ranked as the Greatest Climate Change Threat: Guy Carpenter & Company released today an analysis of the evolving risk landscape spurred by global warming. Climate change, global warming and the resulting landscape shift for risk management is a growing area of concern among governments, the general public, the private sector and the (re)insurance industry at large. According to the report, global warming is an established scientific fact that cannot be explained by natural variability alone.

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Emerging Markets Review: Here we bring together recent GC Capital Ideas stories focused on the growth opportunities afforded by emerging markets.

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July 1 Renewals Indicate Downward Pressure on Reinsurance Rates Likely to Continue through 2013: Guy Carpenter reports that reinsurance market rates on line (ROLs) continued to be driven by an influx of capital from third-party investors at the July 1 renewals, in spite of catastrophe losses reaching approximately USD20 billion during the first six months of 2013 (above the ten-year average for the period). In a briefing released today, Guy Carpenter comments that robust catastrophe bond, sidecar and collateralized reinsurance activity throughout the year has for the first time pushed pricing in the capital markets to “decouple” or breakaway from levels set by the traditional market. This has in turn prompted downward pressure on overall traditional market pricing.

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Guy Carpenter Announces Strategic Investment in New Greek and Cypriot Venture: Guy Carpenter has acquired a significant interest in a new company, which will be known as Carpenter Turner. With effect from September 9, Carpenter Turner will take over all renewing business from Guy Carpenter’s office in Athens.

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Chart: Estimated Reinsurance Premium (Including Life) Growth by Region: While reinsurance premiums remained broadly stable in the established markets of the United States, Canada and Western Europe between 2007 and 2011, strong growth has been recorded in emerging market regions, particularly China, India and other countries in South and East Asia.

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And, you may have missed…..

Chart: Return on Equity Guy Carpenter Reinsurance Composite, H1 2013: Presents return on equity for the Global, European and Bermuda Guy Carpenter Reinsurance Composites.

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