Industry Reserve Update - Which Way Is The Cycle Turning?: With the release of the 2013 annual statutory statements, we have updated the Guy Carpenter reserve cycle analysis. Overall, the figures indicate a trend showing the industry continuing to release reserves through this year, as two lines of business appear to exert the greatest impact on the cycle.
Liability Lines That Appear To Be Improving: Liability lines that appear to be improving: Workers compensation, medical professional liability and commercial multi peril.
U.S. Weather Update: May 2014: As a commentary on the 2014 severe convective season and resulting “noise” in the media, severe weather reports remain below the average. This is true for each of the sub-perils of tornadoes, hail and straight-line (nontornadic) wind.
Chart: Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on Line index is presented for 1990 through 2014. The index fell by 11 percent at January 1, 2014.
Guy Carpenter Strengthens Mutual Company Specialty Practice With Two New Executives: Guy Carpenter announced that Christopher Moresco and Charlene Cass have joined its Mutual Company Specialty Practice.
And, You May Have Missed…
Reinsurance Renewals in 2014: As we complete the April 1, 2014 reinsurance renewal, we review the GC Capital Ideas renewal stories of 2014.