Posts Tagged ‘catastrophe bonds’



September 12th, 2017

New Vehicle Matches the Right Capital to Risk - GC@MC Commentary

Posted at 3:30 AM ET

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David Priebe, Vice Chairman, and Brendan Roche, Global Leader - ILS and SPV Management Services, Marsh Captive Solutions

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  • A new Marsh & McLennan vehicle provides unparalleled support in accessing long-term capital markets-based protection
  • A broader and more diverse range of capital sources brings better matching, more efficient solutions customized to the unique risk profile of clients
  • Provides a standardized documentation process and single point of access, in an efficient and cost-effective manner

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September 11th, 2017

ILS Framework Can Propel London to be The Global Hub, If It Has a Supportive Regulator – GC@MC Commentary

Posted at 12:30 AM ET

des-potter-smDes Potter, Head of GC Securities, EMEA

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  • London can establish itself as the global hub for innovative reinsurance risk transfer
  • U.K. regulators must be more responsive to enable the U.K. market to be more competitive
  • Developing an insurance-linked securities (ILS) market will help London maintain its global standing

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September 8th, 2017

GC Securities and Marsh Captive Solutions Introduce Cerulean Re

Posted at 12:38 PM ET

GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the establishment of Cerulean Re SAC Ltd. (Cerulean), a private syndicated collateralized reinsurance platform and Bermuda registered segregated account company (SAC) and licensed special purpose insurer.

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September 7th, 2017

Excess Capacity in This Year’s Florida Market: Part II: Lara Mowery

Posted at 1:00 AM ET

mowery_lara_bio6In an interview Guy Carpenter’s Lara Mowery, Managing Director, discussed the drivers of the continuing rate reductions in Florida and what it means for the rest of the market. Here she discussed the role of excess capacity at the June 1 renewals.

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September 6th, 2017

Excess Capacity in This Year’s Florida Market: Part I; The Role of ILS: Lara Mowery

Posted at 1:00 AM ET

mowery_lara_bio1The Florida peninsula is the most important market for property reinsurance in the world. Each summer, the third most populous state in the union braces itself for another Atlantic hurricane season. In Florida’s esoteric insurance market, insurers buy reinsurance protection at the beginning of June each year.

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August 30th, 2017

The Transfer of Pandemic Risk from the Public Sector

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts on pandemic risk and the role of the capital markets to transfer risk from the public sector.

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August 4th, 2017

GC Securities Completes First Listed P&C Cat Bond Issued by World Bank International Bank for Reconstruction & Development’s Capital-at-Risk Program

Posted at 5:30 AM ET

GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the placement of a catastrophe bond benefitting the government of Mexico’s Fund for Natural Disasters (FONDEN). The $360,000,000, three-class catastrophe bond is issued by the International Bank for Reconstruction and Development (”World Bank” or “IBRD”), and represents the first listed property and catastrophe bond issued under its Capital-at-Risk notes program.

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July 26th, 2017

Public Sector Risk Financing Perspectives – Pandemic Risk: Part II

Posted at 1:00 AM ET

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Cory Anger, Global Head of ILS Structuring, GC Securities*

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As investors become comfortable with pandemic risk, alternative capital is beginning to pivot its capacity to providing more action oriented pandemic protection during the beginning or ongoing phases of a pandemic (1) rather than focusing solely on replenishing capital post-event. Alternative capital also has the ability to provide multi-year protection when interim response structures are important for governmental organizations such as development banks, health organizations and sovereigns, to rapidly manage the needed monetary support. The goal is to contain and mitigate epidemics at their origin and prevent their potential global migration. The migration may impact key industries (tourism, hotels and transportation) and government budgets.

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July 25th, 2017

Public Sector Risk Financing Perspectives – Pandemic Risk: Part I

Posted at 1:00 AM ET

cory-anger-small-sq

Cory Anger, Global Head of ILS Structuring, GC Securities*

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Public entities’ use of capital markets-based risk transfer capacity for the assumption of natural disaster losses, such as the cost of emergency relief and infrastructure and property damage has demonstrated success in de-risking public sector balance sheets. Capital markets innovators are beginning to leverage the outcomes achieved in the natural disaster sphere to other types of public sector severity losses, notably pandemic diseases. The capital markets may help fund resources to rapidly contain the spread of a pandemic, share the burden of associated medical expenses and/or manage the financial impact of the higher mortality rates.

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July 13th, 2017

Excess Capacity in This Year’s Florida Market: Part II: Lara Mowery

Posted at 1:00 AM ET

mowery_lara_bio6In an interview Guy Carpenter’s Lara Mowery, Managing Director, discussed the drivers of the continuing rate reductions in Florida and what it means for the rest of the market. Here she discussed the role of excess capacity at the June 1 renewals.

Continue reading…