Posts Tagged ‘Continental Europe’



June 14th, 2016

Guy Carpenter Appoints CEO of GC Stockholm

Posted at 11:20 PM ET

Guy Carpenter today announced the appointment of Tobias Andersson as CEO of GC Stockholm, effective April 1, 2017. He will succeed Tomas Ljungqvist, who will become Chairman of the division.

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May 26th, 2016

Chart: Regional Property Catastrophe ROL Index, 1990 to 2016

Posted at 1:00 AM ET

The chart shows the indexes for United States, United Kingdom, Asia Pacific and Europe.

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March 21st, 2016

Guy Carpenter Cites El Niño and North Atlantic Oscillation as Key Climate Drivers in 2015

Posted at 11:30 PM ET

Guy Carpenter today reported that 2015 marked one of the strongest El Niño periods on record, while a positive phase of the North Atlantic Oscillation (NAO) was evident both at the beginning and close of the year.

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January 19th, 2016

Guy Carpenter Appoints Susanne Miller-van der Schild as Managing Director of Benelux Operations

Posted at 11:45 PM ET

Guy Carpenter & Company today announced the appointment of Susanne Miller-van der Schild as Managing Director, Guy Carpenter Benelux, effective February 1.

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December 29th, 2015

Developments in Europe: Solvency II, Part I

Posted at 1:00 AM ET

After a long period of discussion and many delays, the new European insurance regulatory regime, Solvency II, will commence in January 2016. The rules will be compulsory for all insurance and reinsurance companies and groups in the European Economic Area (EEA). The three pillar approach of Solvency II for (i) quantitative capital requirements, (ii) qualitative risk management standards and (iii) reporting specifications, was derived from the international banking sector regulation (Basel II and Basel III). The Solvency II rules were developed over a period of more than 15 years, and there are many reasons for the long delay. Two notable reasons are differing business models from country to country and pressure on long-term guarantee products. With the goal of creating a common regulatory system in Europe there was much political will to find compromises that allowed different insurance business models in the individual countries to fit into Solvency II, without necessitating many product changes. And the ongoing low interest rate environment continues to create enormous pressure on long-term guarantee products in the private pension system of some European countries.

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September 14th, 2015

Solvency II Horizon: Challenges and Strategic Impact

Posted at 10:30 PM ET

frank-achtert-sm1markus-mueller-sm-2015Frank Achtert, Managing Director, and Markus Mueller, Senior Vice President, GC Strategic Advisory℠

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After a long period of discussion and many delays, the new European insurance regulatory regime, Solvency II, will commence in January 2016. The rules will be compulsory for all insurance and reinsurance companies and groups in the European Economic Area. The Solvency II rules were developed over a period of more than 15 years, and there are many reasons for the long delay. Two notable reasons are differing business models from country to country and pressure on long-term guarantee products in the private pension system created by the low interest rate environment.

Continue reading…

September 14th, 2015

Changing Regulatory Landscape, Capital Requirements Will Impact (Re)Insurers’ Balance Sheets, Guy Carpenter Reports

Posted at 9:30 PM ET

regulatory-web-image-1-smGuy Carpenter today published a new report analyzing the changing regulatory landscape and the highly anticipated implementation of Solvency II. 

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June 10th, 2015

Guy Carpenter Appoints Paul Summers as Head of International Facultative Reinsurance

Posted at 6:51 AM ET

Guy Carpenter today announced that Paul Summers will be joining the company as Managing Director and Head of International Facultative Reinsurance, following completion of his current contractual notice period. He will assume this role from Massimo Reina, who will become Chairman of the division and will concentrate on his duties as CEO of Continental Europe & MENA.

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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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January 8th, 2015

Chart: European Property Catastrophe ROL Trends — 2007 to 2015

Posted at 2:41 PM ET

The chart presents the European Property Catastrophe Rate On Line (ROL) trends with correlating impact of catastrophe events for the period 2007 to January 1, 2015.

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