Posts Tagged ‘Casualty’



April 27th, 2015

GC Securities* Catastrophe Bond Update, First Quarter 2015

Posted at 1:00 AM ET

High-volume maturities coupled with a diverse and steady stream of new issuances created a dynamic market environment in the first quarter of 2015. The first quarter of each year is particularly active in terms of issuance for the property/casualty (P&C) catastrophe bond market, and this characteristic continued into 2015 as USD1.49 billion of 144A P&C catastrophe bond limit was successfully placed with investors, one of the highest first quarter volumes in the history of the 144A marketplace. However, the first quarter also had the highest ever volume of 144A P&C catastrophe bonds maturing, returning USD3.544 billion of principal to investors. As of March 31, 2015, USD20.813 billion of P&C 144A catastrophe bond risk capital was outstanding.

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March 26th, 2015

January 1, 2015 Renewals See Lower Pricing and Broader Coverage for Clients

Posted at 1:00 AM ET

As we approach the April 2015 reinsurance renewal, we look back at the Jan. 1 renewal.

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March 23rd, 2015

Chart: P&C M&A Activity 2006 to 2015

Posted at 1:00 AM ET

Chart presents property/casualty (P&C) merger and acquisition (M&A) activity primarily for United States and Bermuda-based companies over the past 10 years. The chart illustrates the number of deals and deal volume over that period.

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March 19th, 2015

Modeling Beyond Property CAT Risk

Posted at 1:00 AM ET

Here we review recent GC Capital Idea stories on catastrophe models that focus on exposures beyond catastrophe property risk:

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March 16th, 2015

Guy Carpenter Launches its Innovative Casualty Catastrophe Model: GC ForCas℠

Posted at 5:30 AM ET

Guy Carpenter today announced the launch of GC ForCas℠, its new data-driven casualty catastrophe model.

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March 16th, 2015

The Insurance Risk Benchmarks Research: Insights for the Industry and the E&S Market

Posted at 1:00 AM ET

woolstenhulme_micah_photo-smallMicah Woolstenhulme, Manager, ERM Services, Strategic Advisory

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The Insurance Risk Benchmarks Research is an ongoing project sponsored by Guy Carpenter & Company and Oliver Wyman to assist property/casualty (P&C) companies with profiling enterprise risk. Articulating an individual company’s risk profile requires assessment of both absolute and relative financial uncertainties. The absolute uncertainties can ultimately be codified in an economic capital model, but robust review of relative historical performance invariably improves the codification of certain systemic risks.

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March 10th, 2015

Analytics Can Support Capital Modeling and Benchmarking

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas stories on how better analytics can support (re)insurers’ capital modeling and benchmarking.

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March 9th, 2015

Cyber-attacks: Mounting Concerns

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas stories on mounting concerns over cyber-attacks.

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February 23rd, 2015

Catastrophe Bond Tenor in 2014

Posted at 1:00 AM ET

Eighty-nine percent of property and casualty (P&C) risk capital (based only on 144A cat bond transactions) had a bond tenor of either three or four years in 2014, a decrease from 93 percent in 2013. This was due to increased usage of risk periods longer than four years. This was largely influenced by Sanders Re 2014-1, a USD300 million five year transaction benefiting Allstate (Q2) and Kilimanjaro Re 2014-2, a USD500 million five year transaction benefiting Everest Re (Q4). Investors were receptive to longer-term transactions (a position we expect will continue into 2015) as both deals were oversubscribed. However, such deals closed either above or at the midpoint of initial price guidance, indicating that investors required additional compensation for risk periods longer than four years. Sponsors continued to express interest in bonds with risk periods beyond five years, which we expect will persist through 2015 and beyond.

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February 19th, 2015

Catastrophe Bond Indemnity Trigger in 2014

Posted at 1:00 AM ET

Eighty-one percent of the property and casualty (P&C) risk capital (based only on 144A cat bond transactions) was structured with an indemnity trigger on either a per-occurrence, annual aggregate or multi-year aggregate basis. The use of indemnity triggers increased steadily from a low of 30 percent in 2011 to 55 percent in 2013.

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