Posts Tagged ‘Christopher Klein’



October 21st, 2013

Baden-Baden Reinsurance Symposium Calls On Industry To Do More To Meet Client Needs

Posted at 12:10 AM ET

Guy Carpenter¬†hosted “Transferring Risk - Is the Insurance and Reinsurance Industry Adequately Serving its Clients?” the Reinsurance Symposium held in Baden-Baden on October 20, 2013. The event explored a range of topics including: the gap between economic and insured losses; how new capital entering the market can move beyond property catastrophe; and measures to provide coverage for new and emerging risks.

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October 22nd, 2012

Baden-Baden Reinsurance Symposium Considers the Opportunities and Threats Created by Volatility

Posted at 1:00 AM ET

Guy Carpenter¬† hosted “Volatility - Opportunity or Threat?” the Reinsurance Symposium held in Baden-Baden on October 21. The event examined how volatility is viewed within the insurance and reinsurance sectors, particularly from a financial perspective, and explored the potential which market turbulence can generate.

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November 7th, 2011

Video: Chris Klein, of Guy Carpenter, Reviews Baden Baden

Posted at 1:00 AM ET

klein_141pxWRIN.tv interviews Chris Klein, Head of Guy Carpenter’s Sales Operations for the United Kingdom and EMEA regions and Market Relationships, in London, regarding the 2011 Baden Baden meetings, and panel discussions at the Reinsurance Symposium hosted by Guy Carpenter.

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September 26th, 2011

Video: Chris Klein, of Guy Carpenter, Reviews Market Conditions

Posted at 1:00 AM ET

klein_chris_bioWRIN.tv interviews Chris Klein, Head of Guy Carpenter’s Sales Operations for the United Kingdom and EMEA regions and Market Relationships, in London, regarding the global and sovereign economic crisis, risk modeling, rating agencies, regulators, and reserving practices.

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September 13th, 2011

Video: Monte Carlo Rendez-Vous Preview with Chris Klein, Guy Carpenter

Posted at 11:55 AM ET

klein_chris_bioWRIN.tv interviews Chris Klein, Head of Sales Operations for the United Kingdom and EMEA regions and Market Relationships at Guy Carpenter, in London, regarding the 2011 Monte Carlo Rendez-Vous.

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September 10th, 2011

GC Videocast - Rendez-Vous Press Briefing (Chris Klein) Global Reinsurance Market Overview

Posted at 11:23 PM ET

klein_mc2011_animChris Klein, Head of Sales Operations for the United Kingdom and EMEA regions and Market Relationships, Guy Carpenter,  presents a detailed report on the state of the global reinsurance market. He provides insights and observations on industry financial results for the first half of 2011 and their implications, the recent historically high catastrophe losses, the tightening reserving cycle and outlook for the global industry.

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September 10th, 2011

Guy Carpenter Addresses Insurer Strategies for Profitable Growth At Monte Carlo Rendez-Vous 2011

Posted at 11:55 AM ET

mc2011_allspeakersIn its fourth annual press briefing held at the Reinsurance Rendez-Vous 2011 in Monte Carlo, Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, identified and explored insurers’ opportunities for growth in today’s uncertain (re)insurance market.

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October 27th, 2010

European Immigration

Posted at 1:00 AM ET

klein_chris_bioChris Klein, Director of Reinsurance Market Management
Contact

Europe remains the dominant force in global reinsurance. Almost 50 percent of the world’s reinsurance premiums find their way to a handful of multi-line companies with global reach that are based in continental Europe. Whereas Bermuda was the preferred destination for fresh capital entering the reinsurance industry after the large market-changing losses of Hurricane Andrew in 1992, the terrorist attacks of September 11, 2001, and Hurricane Katrina in 2005, the industry is now witnessing a transfer of underwriting capacity into Europe. Zurich and Ireland are particularly popular destinations, with new arrivals being welcomed on almost a monthly basis in 2010.

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September 23rd, 2010

World Catastrophe Reinsurance Market: Index to Links

Posted at 10:12 AM ET

worldcatthumbnail2010_thumbnailThe World Catastrophe Reinsurance Market 2010 report finds that surplus capital in the reinsurance market has been depressing prices, causing them to fall by 6 percent on average through the 2010 renewal season. Guy Carpenter estimates that the reinsurance market was overcapitalized by as much as USD20 billion, or 12 percent, at the beginning of 2010. While this amount came down to approximately 8 percent by the end of June, reinsurers’ excess capital continued to be the main driver of rate reductions at the 2010 renewals. If no market-changing event were to occur in the second half of the year, surplus capital is likely to remain the driving force behind continued rate softening at next year’s January 1 renewal, according to the study.

World Catastrophe Reinsurance Market: Part I, Introduction, Catastrophe Events >>

According to the Guy Carpenter World Rate on Line (ROL) Index, global catastrophe reinsurance rates fell by 6 percent on average through the 2010 renewal season. Although markets that suffered catastrophe losses in early 2010, such as Chile, saw prices increase, the underlying trend elsewhere was one of rate reductions. One of the main reasons for falling rates is excess capital in the reinsurance market. Guy Carpenter estimated that the sector was overcapitalized by as much as USD20 billion,or 12 percent, at the beginning of 2010. Although the overcapitalization fell back to around 8 percent by the end of June, the surplus capital among reinsurers remained the driving factor at the 2010 renewals.

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World Catastrophe Reinsurance Market: Part II, Impact on Reinsurance Market, Cat Bond Update >>

So what does all this mean for the reinsurance market and pricing? On the back of the heavy losses in the first half of 2010, reinsurers were hoping to see an end to the soft market and for prices to rise. However, Guy Carpenter data shows the high payouts have generally been insufficient to turn prices. According to the Guy Carpenter World ROL Index, global catastrophe reinsurance rates fell by 6 percent on average through the 2010 renewal season (see Figure 2) as surplus capital and capacity drove down prices. This rate decline followed an increase of 8 percent in 2009 and a fall of 10 percent in 2008.

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World Catastrophe Reinsurance Market: Part III, Catastrophe Model Developments, Impact of Changing Regulations

The increasingly complex nature of the reinsurance industry and the growth in alternative risk transfer instruments such as catastrophe bonds have reinforced the importance of catastrophe models and data management platforms in the risk management process. Such innovations have allowed (re)insurers to improve their understanding of natural perils while accurately estimating potential catastrophe losses to their portfolios and managing their exposures.

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Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/SIPC. Main Office: 1166 Avenue of the Americas,New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd., which is authorized and regulated by the Financial Services Authority. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance, or insurance product.

September 22nd, 2010

World Catastrophe Reinsurance Market: Part III, Catastrophe Model Developments, Impact of Changing Regulations

Posted at 1:00 AM ET

Catastrophe Model Developments

The increasingly complex nature of the reinsurance industry and the growth in alternative risk transfer instruments such as catastrophe bonds have reinforced the importance of catastrophe models and data management platforms in the risk management process. Such innovations have allowed (re)insurers to improve their understanding of natural perils while accurately estimating potential catastrophe losses to their portfolios and managing their exposures.

Continue reading…