Archive for January, 2015



January 30th, 2015

Week’s Top Stories: January 24 - 30, 2015

Posted at 8:00 AM ET

Holistic Balance Sheet Management: Ensuring Added Value; Introduction to Videocast Series: A holistic approach that optimizes the use of the two traditionally separate areas of balance sheet management (reinsurance and investment strategy) can make a significant difference to (re)insurers’ financial results. (Re)insurers should seek to address both the asset and liability sides of the balance sheet in an integrated manner.

Read the article>> 

 

Winter Storm - January 26-27, 2015:  A deep coastal storm formed off the Outer Banks on January 26, 2015 and moved northward to impact many areas of the U.S. Northeast and Atlantic Canada. Blizzard warnings remained active from Rhode Island to Atlantic Canada, according to The National Weather Service (NWS) and Meteorological Service of Canada (MSC). Snowfall rates as high as two to three inches per hour, together with strong winds continued to restrict visibility and impose dangerous travel conditions.

Read the article>> 

 

January 1, 2015 Renewals See Lower Pricing and Broader Coverage for Clients: Guy Carpenter reports reinsurance pricing fell at the January 1, 2015 renewals in many segments, affecting almost all lines of business and geographies, continuing recent renewal trends.

Read the article>> 

 

Chart: Regional Property Catastrophe ROL Index, 1990 to 2015: The chart shows the indexes for United States, United Kingdom, Asia Pacific and Europe.

Read the article>> 

 

Chart: Global Property Catastrophe ROL Index 1990 to 2015: The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2015.

Read the article>> 

 

And, You May Have Missed…

Cycles: Impact on Results: To consider the impact that these cycles may have on the financial statements and solvency positions of insurers there has to be an understanding of the magnitude of any change in ultimate loss and the likely timing of the recognition of that change. The profit or loss in any financial year is a combination of the profit and loss from that accident year and also any recognized changes in the reserves from prior years.

Read the article>> 

 

Click here to register to receive e-mail updates>>

January 29th, 2015

GC Videocast - Managing Volatility by Breaking Down Silos

Posted at 1:00 AM ET

In the third video of the Holistic Balance Sheet Management series, Andrew Cox, Capital Optimization, Guy Carpenter, and Niall Clifford, Financial Strategy Group, Mercer, give their overview on how increasing investment risk can introduce capital and earnings volatility.

Continue reading…

January 28th, 2015

Winter Storm – January 26 – 28, 2015 - Update

Posted at 5:15 PM ET

winterstorm-1-28-2015-smllThe intense coastal storm is now clearing Atlantic Canada and steadily weakening. Blizzard and winter storm warnings have been discontinued, although winter weather advisories remain for select areas of New England. This storm lived up to expectations as an intense, impactful, and historic coastal storm, despite challenges on the forecast track and the especially sharp edge of the snow shield. Blizzard conditions with snowfall amounts of two to three feet affected a widespread area of New England and wind gusts exceeded hurricane force in some areas. The strong winds also produced a storm surge with greatest severity to coastal Massachusetts.

Continue reading…

January 28th, 2015

GC Videocast - Linking Risk Appetite to Strategy

Posted at 1:00 AM ET

In the second video in the Holistic Balance Sheet Management series, Andrew Cox, Capital Optimization, Guy Carpenter and Niall Clifford, Financial Strategy Group, Mercer, explore how companies should approach investment risk and the link between investment strategy, risk appetite and reinsurance strategy. A key focus for insurance companies should be to link their investment strategy with their risk appetite metrics. While any increase in return on capital may seem very attractive, it is important that companies ensure that the risks they are taking are in line with their risk appetite and that they are aware of their constraints, allowing them to take risks in a measured way. Investment strategy should be considered alongside regulatory requirements, as a key aspect of Solvency II relates to how well each company understands the risks in its portfolio.

Continue reading…

January 27th, 2015

Winter Storm – January 26-27, 2015

Posted at 4:10 PM ET

winterstorm-1-26-27-2015-smallA deep coastal storm formed off the Outer Banks on January 26, 2015 and moved northward to impact many areas of the U.S. Northeast and Atlantic Canada. Blizzard warnings remain active from Rhode Island to Atlantic Canada, according to The National Weather Service (NWS) and Meteorological Service of Canada (MSC). Snowfall rates as high as two to three inches per hour, together with strong winds continue to restrict visibility and impose dangerous travel conditions. Conditions should improve for Boston this afternoon into the evening, and gradually clear from south to north over the next 24 hours or so.

Continue reading…

January 27th, 2015

GC Videocast - Introduction to Holistic Balance Sheet Management

Posted at 1:00 AM ET

A holistic approach that optimizes the use of the two traditionally separate areas of balance sheet management within the current market environment has proven to be extremely challenging for non-life insurers. The key issue for non-life insurers is how to boost return on capital in a continuing low-yield environment. In the first of the Holistic Balance Sheet Management series, Andrew Cox, Capital Optimization, Guy Carpenter, and Niall Clifford, Financial Strategy Group, Mercer, discuss how insurance companies may optimize their capital while addressing their concerns over economic capital, earnings risk, ratings agency requirements and increasing constraints due to Solvency II.

Continue reading…

January 26th, 2015

Holistic Balance Sheet Management: Ensuring Added Value; Introduction to Videocast Series

Posted at 1:00 AM ET

A holistic approach that optimizes the use of the two traditionally separate areas of balance sheet management (reinsurance and investment strategy) can make a significant difference to (re)insurers’ financial results. (Re)insurers should seek to address both the asset and liability sides of the balance sheet in an integrated manner.

Continue reading…

January 23rd, 2015

Week’s Top Stories: January 17 - 23, 2015

Posted at 8:00 AM ET

Chart: Source Of Earnings For Guy Carpenter Reinsurance Composite, Q3 2014: Chart presents source of earnings for the Guy Carpenter Global Reinsurance Composite for the third quarter, 2014 compared to third quarter, 2013.

Read the article>>

 

Chart: Return On Equity For Guy Carpenter Reinsurance Composite, Q3 2014: Chart presents return on equity for the Guy Carpenter Global Reinsurance Composite, 2004 through third quarter, 2014.

Read the article>>

 

January 1, 2015 Renewals See Lower Pricing and Broader Coverage for Clients: Guy Carpenter reports reinsurance pricing fell at the January 1, 2015 renewals in many segments, affecting almost all lines of business and geographies, continuing recent renewal trends.

Read the article>>

 

Chart: Regional Property Catastrophe ROL Index, 1990 to 2015: The chart shows the indexes for United States, United Kingdom, Asia Pacific and Europe.

Read the article>>

 

Chart: Global Property Catastrophe ROL Index 1990 to 2015: The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2015.

Read the article>>

 

And, You May Have Missed…

Emerging Compensation Structures: Compensation for provision of long-term care for bodily injury is becoming an increasingly challenging problem for society in general and insurers in particular.

Read the article>>

 

Click here to register to receive e-mail updates>>

January 22nd, 2015

Chart: Combined Ratio for Guy Carpenter Composite, Q3 2014

Posted at 1:00 AM ET

Chart presents combined ratio for the Guy Carpenter Global Reinsurance Composite, 2004 through third quarter, 2014.

Continue reading…

January 21st, 2015

Chart: Return on Revenue For Guy Carpenter Reinsurance Composite, Q3 2014

Posted at 1:00 AM ET

Chart presents return on revenue for the Guy Carpenter Global Reinsurance Composite, 2004 through third quarter, 2014.

Continue reading…