Posts Tagged ‘bond risk’



July 25th, 2018

Guy Carpenter Promotes King-Underwood to Head of Credit, Bond and Political Risk Practice, International

Posted at 6:18 PM ET

Guy Carpenter announced that Gregory King-Underwood has been promoted to Head of the Credit, Bond and Political Risk Practice of Guy Carpenter International, with immediate effect. He will report to James Nash, President of Guy Carpenter International.

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April 13th, 2012

April 1, 2012, Reinsurance Renewals: Japan Casualty Lines

Posted at 1:00 AM ET

Personal Accident

The trend of hardening rates continued in 2012 although at a slightly lower pace. Risk adjusted rate increases were between 3 percent and 11 percent. Companies whose lead terms were agreed prior to the Tohoku earthquake last year had to accept a steeper increase.

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February 22nd, 2012

January 2012 Reinsurance Renewal: Credit, Bond & Political Risk

Posted at 1:00 AM ET

In the credit and bond primary market, rates are flat, but these are not rate-driven classes. In political risk and especially structured credit, rates are under considerable upwards pressure for obvious reasons. The outlook for 2012 is turbulent, given the prevailing macroeconomic uncertainty and instability around the world. Loss ratios are quite likely to increase.

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November 22nd, 2010

2010 Market Update: Insight from Guy Carpenter’s Credit, Bond and Political Risk Team

Posted at 4:00 AM ET

David Edwards, Managing Director
Contact

Guy Carpenter & Company, LLC (Guy Carpenter) has released its fourth annual market update from its London-based Credit, Bond and Political Risk Team.

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September 3rd, 2009

Guy Carpenter Wins “Reinsurance Broking Team of the Year” at The Review Worldwide Reinsurance Awards

Posted at 4:00 PM ET

Credit, Bond and Political Risk Team Honored;
Third Consecutive Year Guy Carpenter Has Won Accolade

Guy Carpenter & Company, LLC’s Credit, Bond and Political Risk Team won the “Reinsurance Broking Team of the Year” award at The Review magazine’s Worldwide Reinsurance Awards 2009, presented last night at The Dorchester Hotel in London. This year’s victory represents the third consecutive year — and the fifth time in six years — that Guy Carpenter has been awarded the “Reinsurance Broking Team of the Year” honor.

Guy Carpenter’s Credit, Bond, and Political Risk Team was hailed by the judging panel “for leading the market with new-thinking solutions.”

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June 18th, 2009

Continental European Legislative and Judicial Trends: Spain

Posted at 1:00 AM ET

David Lewin, Managing Director
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Financial Crisis: Impact on Casualty Insurance

Claims under credit insurance policies have increased dramatically to the point that it is difficult — if not impossible — to purchase cover in the reinsurance market. For this reason, the Spanish government has authorized the Consorcio de Compensación de Seguros (CCS), a Government-owned insurance entity in charge of compensating carriers for extraordinary risks, to reinsure credit and bond risks covered by local insurers. This demonstrates clearly how seriously the credit crunch has affected trade and real estate business — and consequently the related insurance lines.

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April 30th, 2009

Japan 4/1 Reinsurance Renewal: Other Lines of Business

Posted at 1:00 AM ET

Ed Fenton, Managing Director
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Japanese Interests Abroad Excess of Loss

Over the long term, companies are likely to continue to buy combined domestic and overseas programs in order to build their risk capacity. In fact, there are few standalone Japan Interests Abroad (JIA) treaties on which to build a view of market trends. In a tightening market, reinsurers are always sensitive to worldwide exposures within treaties, and there was evidence of this factor affecting the marketing of some treaties, especially if there were large increases in the proportion of overseas exposures. It was a better year than previous in terms of loss activity, and the renewal was successfully completed with few changes in structure.

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January 13th, 2009

Credit, Bond, Political Up at 1/1 Renewal

Posted at 1:00 AM ET

John Orchard, Managing Director and Practice Leader, Credit, Bond, and Political Risk
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Credit and Bond

Buyers’ market conditions and a very late renewal characterized the January 1, 2009 renewal for Credit and Bond (surety) reinsurance, which is dominated by proportional placements. Buyers gained no advantage from submitting cases early for quoting, as reinsurers waited for a bigger suite of submissions before offering terms.

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