Archive for December, 2013



December 31st, 2013

Chart: Return on Equity for Guy Carpenter Reinsurance Composite

Posted at 1:00 AM ET

Chart presents return on equity for the Guy Carpenter Global Reinsurance Composite, 2004 through 3rd Quarter 2013. 

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December 29th, 2013

January 1, 2014 Renewals Bring Downward Pressure on Pricing

Posted at 11:00 PM ET

Guy Carpenter & Company reports that reinsurance rates-on-line fell at the January 1, 2014 renewal in nearly all classes and regions. According to Guy Carpenter’s 2014 global renewal report, strong balance sheets, relatively low loss experiences and an unprecedented influx of convergence capital spurred competition and innovation at renewal. These factors led in turn to surplus capacity across most business segments as competition spilled beyond property catastrophe lines.

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December 27th, 2013

Week’s Top Stories: December 21 - 27, 2013

Posted at 8:00 AM ET

Chart: Combined Ratio, Guy Carpenter Global Composite: Chart presents the combined ratio for the Guy Carpenter Global Reinsurance Composite, 2004 through third quarter, 2013.

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GC Securities* Acts as Sole Financial Advisor on the Second Largest Ever M&A Transaction in the Lloyd’s Market: GC Securities* is acting as sole financial advisor to the shareholders of Canopius Group Limited (”Canopius”) in the sale of Canopius to NKSJ Holdings, through its insurance subsidiary Sompo Japan Insurance Inc.

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Chart: Evolution of Shareholders’ Funds, Guy Carpenter Reinsurance Composite: Chart presents Evolution of Shareholders’ Funds for the Guy Carpenter Global Reinsurance Composite, 2011 through third quarter, 2013.

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Chart: Source of Earnings for Guy Carpenter Reinsurance Composite: Chart presents Source of Earnings for the Guy Carpenter Global Reinsurance Composite for nine months, 2013.

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Review of 2013 Reinsurance Renewals: As we anticipate the January 1, 2014, reinsurance renewal, we review here the major renewals that occurred in 2013 as reported in GC Capital Ideas.

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And, you may have missed…..

Guy Carpenter Insights on A.M. Best’s 2013 Updates: A.M. Best has recently issued several insurance ratings updates. Guy Carpenter has reviewed those updates and has key insights to help companies better understand their potential impact.

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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/NFA/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. (MMCSEL), which is authorized and regulated by the Financial Conduct Authority, main office 25 The North Colonnade, Canary Wharf, London E14 5HS. 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.

December 26th, 2013

Chart: Source of Earnings for Guy Carpenter Reinsurance Composite

Posted at 1:00 AM ET

Chart presents Source of Earnings for the Guy Carpenter Global Reinsurance Composite for nine months, 2013.

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December 25th, 2013

GC Capital Tip: Get Specific with Search

Posted at 1:00 AM ET

Looking for specific information? If the tag cloud is bringing back too many results, use the “search” feature. It’s at the top of the right column on every page. Enter the terms that you want to find and click the button. You will be brought to a results page that lists article headlines and brief summaries. Click the headline that interests you.

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December 24th, 2013

Chart: Evolution of Shareholders’ Funds, Guy Carpenter Reinsurance Composite

Posted at 1:00 AM ET

Chart presents Evolution of Shareholders’ Funds for the Guy Carpenter Global Reinsurance Composite, 2011 through third quarter, 2013. 

Continue reading…

December 23rd, 2013

Chart: Combined Ratio, Guy Carpenter Global Composite

Posted at 1:00 AM ET

Chart presents the combined ratio for the Guy Carpenter Global Reinsurance Composite, 2004 through third quarter, 2013.

Continue reading…

December 20th, 2013

GC Securities* Acts as Sole Financial Advisor on the Second Largest Ever M&A Transaction in the Lloyd’s Market

Posted at 8:19 AM ET

GC Securities* is acting as sole financial advisor to the shareholders of Canopius Group Limited (”Canopius”) in the sale of Canopius to NKSJ Holdings, through its insurance subsidiary Sompo Japan Insurance Inc.

Continue reading…

December 20th, 2013

Week’s Top Stories: December 14 - 20, 2013

Posted at 8:00 AM ET

Review of 2013 Reinsurance Renewals: As we anticipate the January 1, 2014, reinsurance renewal, we review here the major renewals that occurred in 2013 as reported in GC Capital Ideas.

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Models on GC Capital Ideas: Here we highlight recent stories that have appeared on GC Capital Ideas on models and modeling.

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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).

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Guy Carpenter Insights on A.M. Best’s 2013 Updates: A.M. Best has recently issued several insurance ratings updates. Guy Carpenter has reviewed those updates and has key insights to help companies better understand their potential impact.

Read the article >>

 

Windstorm Xaver: A powerful storm named Xaver battered Northern Europe with hurricane-force wind gusts and massive storm surges on December 6, causing widespread property damage and severely disrupting transport networks. The most severe damage was reported in the United Kingdom, Germany and the Netherlands.

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And, you may have missed…..

Chart: Catastrophe Bond Issuance and Capital Outstanding - 1997 to July 31, 2013: Issuance reached USD4.8 billion in the first seven months of 2013. Risk capital outstanding also reached an all-time high of around USD16.6 billion during the same period.

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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/NFA/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. (MMCSEL), which is authorized and regulated by the Financial Conduct Authority, main office 25 The North Colonnade, Canary Wharf, London E14 5HS. 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.

December 19th, 2013

Recent CAT-i reports on GC Capital Ideas

Posted at 1:00 AM ET

Here we highlight the CAT-i reports, which report on natural catastrophe events, that have appeared on GC Capital Ideas in the last quarter of 2013.

Windstorm Xaver:  A powerful storm named Xaver battered Northern Europe with hurricane-force wind gusts and massive storm surges on December 6, causing widespread property damage and severely disrupting transport networks.

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U.S. Severe Weather Outbreak, November 2013: A late-season severe convective outbreak has affected a large portion of the Midwest, Ohio Valley and Great Lakes including Southern Ontario. This widespread and violent outbreak has left absolute damage in communities such as Washington, Illinois. The outbreak occurred ahead of a strong cold front affecting the area. Numerous tornadoes have been reported, primarily in Indiana and Illinois, with some preliminary reports as high as an EF-4 rating on the Enhanced Fujita Scale.

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Update: Super Typhoon Haiyan:  Our first thoughts and concerns are with those lost or recovering from the exceptionally severe impacts of Super Typhoon Haiyan.  Haiyan is among the strongest tropical cyclones ever recorded, and meets or surpasses the strongest landfalling tropical cyclone in recorded history.

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Tropical Storm Karen: Tropical Storm Karen is poised to become the first named storm to hit the United States this season. Karen, as of 2PM Eastern Daylight Time, was 240 miles south-southwest of the mouth of the Mississippi River and 275 miles south-southeast of Morgan City, Louisiana.

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