Posts Tagged ‘credit crisis’



December 22nd, 2016

Public Sector Risk Financing Perspectives in the United States: The Market for Mortgage Credit Risk (Re)Insurance: Part II

Posted at 1:00 AM ET

krohn_jeff_photo_crop-sm1tedeschi_john_photo_sm21Jeff Krohn, Managing Director and John Tedeschi, Managing Director

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(Re)insurance markets sold close to USD 8 billion of government sponsored entities (GSEs) mortgage credit risk transfer from 2013 to 2016 year-to-date, with significantly more planned on a consistent basis. A robust global credit risk transfer market is now in full-effect; recent transactions include the Credit Insurance Risk Transfer and Agency Credit Insurance Structure (re)insurance purchased by Fannie Mae and Freddie Mac, and capital bond issuances from Fannie Mae’s Connecticut Avenue Securities and Freddie Mac’s Structured Agency Credit Risk.

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September 9th, 2012

Guy Carpenter Details Top Risks for (Re)Insurance Industry in Mid-Year Market Report

Posted at 11:30 PM ET

Guy Carpenter released its mid-year market report, which addresses the top risks (re)insurers face as they seek profitable growth.

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September 8th, 2012

Slower Economic Growth and Financial Crisis: Overcoming the Risks

Posted at 11:00 PM ET

flandro_davidDavid Flandro, Global Head of Business Intelligence
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Over the last five years, robust economic growth has been replaced by financial crisis, economic stagnation and fears of a Eurozone split. Although the insurance sector has remained solid and functioned admirably in the face of such difficulty, the operating environment is as challenging as ever.

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September 8th, 2012

GC Videocast - Rendez-Vous Press Briefing 2012, Introduction (Alex Moczarski)

Posted at 9:25 PM ET

am_animAlex Moczarski, President and Chief Executive Officer, Guy Carpenter & Company, and Chairman, Marsh & McLennan Companies International, introduces the Guy Carpenter press briefing at the Monte Carlo Rendez-Vous in this GC Capital Ideas videocast.

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March 8th, 2012

State of the Reinsurance Market, Part I: Deleveraging Cycle, Growth Expectations

Posted at 1:00 AM ET

2012 Macroeconomic Themes

As we bid farewell to a tumultuous 2011 and enter 2012, it is becoming very clear that the (re)insurance sector will remain exposed to profound changes in the global economy. The coming year promises to be one of economic, monetary and political transition.

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August 9th, 2011

Update: U.S. Credit Downgrade Implications

Posted at 1:05 PM ET

Standard & Poor’s has downgraded the U.S. sovereign debt rating to AA+ from AAA. Implications for (re)insurers worldwide are mixed. Although there are broad economic implications, markets appear to have anticipated at least some of these, which could forestall rash or catastrophic outcomes. The long-term effects, however, could be profound.

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May 10th, 2010

GC Videocast - Dramatic Improvement in Reinsurer Earnings and Balance Sheets Following Financial Crisis (Chris Klein)

Posted at 1:00 AM ET

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Chris Klein, Guy Carpenter’s Head of Business Intelligence, reviews the dramatic change and improvement in reinsurers’ fortunes following the global financial crisis. He reviews the year- end 2009 earnings results of the Guy Carpenter Bermuda Reinsurance Composite. He also reviews the primary drivers for capital decline and then growth among those reinsurers in 2008 and 2009, respectively. The impact of capital growth on capacity is also discussed.

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September 8th, 2009

Guy Carpenter Briefing Finds Rising Interest Rates Could Affect Reinsurers’ Claims-Paying Ability over Long Term, Industry Stable despite Lingering Effects of Financial Crisis

Posted at 12:30 AM ET

casualtyA briefing published today by Guy Carpenter & Company, LLC looks ahead to the possible effects of inflation on long-tail reinsurance, as well as the impact of the credit crunch on reinsurers in the wake of the subprime mortgage crisis. The briefing, Casualty Specialty Update, examines the twin pressures that inflation and the global credit crunch are exerting on the global casualty reinsurance industry.

Click here to download the briefing >>

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September 1st, 2008

Looking at a Downturn?

Posted at 10:16 AM ET

Peter Zaffino, President & CEO
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All eyes will be on January, 1 2009. As we approach the next renewal season, another round of rate decreases seems likely. The pace should be slower than it was through 2008, thanks to greater underwriter discipline than in previous downturns. Thus, even though the market has not been catastrophe-free, it has been able to absorb the losses, as the industry is well-capitalized. Fears of a mega-catastrophe and pressure from broader economic conditions should keep underwriters from assuming inadequately priced risk.

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