Archive for the ‘Property’ Category



May 27th, 2015

GC Securities* Completes Catastrophe Bond Pelican III Re Ltd. Series 2015-1 Notes for Louisiana Citizens Property Insurance Corporation

Posted at 10:15 PM ET

GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/NFA/SIPC, announced the placement of the Series 2015-1 Notes, with notional principal at $100,000,000, through a newly formed Bermuda domiciled catastrophe bond shelf program, Pelican III Re Ltd., to benefit Louisiana Citizens Property Insurance Corporation (”LA Citizens”). This is the third time that LA Citizens has utilized the cat bond market to manage its tropical cyclone risks.

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May 27th, 2015

U.S. Texas and Oklahoma Flooding

Posted at 2:53 PM ET

tx-ok-52715-a-smOrganized thunderstorm clusters produced excessive rainfall over the Memorial Day Weekend, triggering extreme flooding in parts of Texas and Oklahoma. In Houston, Texas, 11 inches of rainfall was unofficially reported between 9 p.m. CDT Monday through 3 a.m. CDT Tuesday. Austin, Texas also experienced seven inches of rainfall.

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May 26th, 2015

Benchmarks for Enterprise Risk Management Disclosures

Posted at 1:00 AM ET

Here we present GC Capital Ideas’ stories on analyses of enterprise risk management disclosures. A 2014 study updated the analysis done in 2009, one of our most popular stories. The full briefings are attached.

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May 20th, 2015

Approach of Atlantic Hurricane Season

Posted at 1:00 AM ET

As we approach the beginning of the 2015 Atlantic Hurricane Season, we review CAT-i stories covering the major storms from 2014.

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May 18th, 2015

GC Capital Ideas Videocasts

Posted at 1:00 AM ET

A key feature of GC Capital Ideas is its Videocast series. Here we review recent video posts: 

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May 13th, 2015

Guy Carpenter Appoints Garrick Smith as US Sales Leader for the Excess & Surplus Lines Specialty Practice

Posted at 4:30 AM ET

Guy Carpenter today announced the appointment of Garrick L. Smith as Managing Director and US Sales Leader for the firm’s Excess & Surplus Lines Specialty Practice. Mr. Smith is reporting to William M. Allen, Executive Vice President and Chairman of the Practice.

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May 13th, 2015

Approach of Eastern Pacific Hurricane Season

Posted at 1:00 AM ET

As we approach the beginning of the 2015 Eastern Pacific Hurricane Season, we review CAT-i stories covering the major storms from 2014.

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May 12th, 2015

Approach of Atlantic Hurricane Season

Posted at 1:00 AM ET

As we approach the beginning of the 2015 Atlantic Hurricane Season, we review CAT-i stories covering the major storms from 2014. 

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May 11th, 2015

Guy Carpenter Appoints Former New York State Superintendent of Insurance James Wrynn as Vice Chairman of US Strategic Advisory

Posted at 2:00 AM ET

Guy Carpenter today announced the appointment of former New York State Superintendent of Insurance James J. Wrynn as Vice Chairman of US Strategic Advisory and a Managing Director. Mr. Wrynn reports to Andrew Marcell, CEO of US Operations, Guy Carpenter, effective today, May 11.

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May 6th, 2015

New Solutions Help Mutual Insurers Face Market Challenges

Posted at 1:00 AM ET

woods_jay-125haldeman_john_bioJay Woods and John S. Haldeman II, Co-chairmen of Guy Carpenter’s Mutual Company Specialty Practice

Contact

Mutual insurance companies of all sizes currently face challenging market conditions where success requires not only focused distribution and operational excellence, but also access to increasingly sophisticated analytics services and products. How these firms use their resources and advanced technology to respond to these issues will separate market outperformers from underperformers.

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