Posts Tagged ‘Credit insurance’



July 25th, 2012

Credit Reinsurance at July 1, 2012 Reinsurance Renewal

Posted at 1:00 AM ET

Credit reinsurance rates were flat, which, when applied to a rising income base and exposures that were up approximately 20 percent, resulted in a marked reduction in a rate (premium) on exposure measurement. Other than some relatively isolated incidents, an absence of major losses hitting excess of loss covers sustained successive years’ premium reductions. The vast majority of reinsurance is transacted on proportional basis and there have been significant increases in ceding commission. Some markets saw a third successive year of ceding commission increases.

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July 8th, 2012

July 1 Reinsurance Renewals Reveal Plentiful Capacity amid Benign Catastrophe Activity, According to Guy Carpenter

Posted at 11:00 AM ET

Reinsurance renewals took place against a backdrop of plentiful capacity at July 1, 2012. Capital has continued to strengthen through the second quarter of 2012, moderating pricing pressures, according to a briefing released today by Guy Carpenter & Company.

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April 13th, 2012

April 1, 2012, Reinsurance Renewals: Japan Casualty Lines

Posted at 1:00 AM ET

Personal Accident

The trend of hardening rates continued in 2012 although at a slightly lower pace. Risk adjusted rate increases were between 3 percent and 11 percent. Companies whose lead terms were agreed prior to the Tohoku earthquake last year had to accept a steeper increase.

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February 22nd, 2012

January 2012 Reinsurance Renewal: Credit, Bond & Political Risk

Posted at 1:00 AM ET

In the credit and bond primary market, rates are flat, but these are not rate-driven classes. In political risk and especially structured credit, rates are under considerable upwards pressure for obvious reasons. The outlook for 2012 is turbulent, given the prevailing macroeconomic uncertainty and instability around the world. Loss ratios are quite likely to increase.

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July 18th, 2011

Focus on Hurricane Season at July 1, 2011 Reinsurance Renewal: Credit Reinsurance

Posted at 1:00 AM ET

Capacity in the credit reinsurance sector remains meaningfully over-subscribed, impacting pricing and terms. Over-subscription arises as a result of various signal contributing factors. The (re)insurance industry in general is oversubscribed, with returns in other lines of business relatively lower. We see no realistic expectation for significant change in the short term. Credit loss ratios worldwide returned to profitable positions far faster than had been anticipated.

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May 12th, 2011

Succeeding Under Solvency II, Reinsurance and Counterparty Risk: How Guy Carpenter Can Help

Posted at 1:00 AM ET

David Flandro, Global Head of Business Intelligence, Claude Lefebvre, Head of GC Analytics EMEA Region, Mark Shumway, Senior Vice President
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Solvency II will profoundly impact the reinsurance market, though perhaps not exactly in the ways reinsurers or regulators have anticipated. This impact will not be limited to European reinsurance markets, but will be felt globally. Advances in disclosure and overall market strength will come with costs, including a more volatile pricing environment.

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February 8th, 2011

Chart: Specialty Lines - Typical Excess of Loss Rate Changes at the January 1 Renewal

Posted at 1:00 AM ET

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January 3rd, 2011

2011 Reinsurance Renewal Rates: Global Credit, Bond and Political Risk

Posted at 1:00 AM ET

141x141jan1thumb50Loss experience defined the credit, bond and political risk reinsurance renewal, with loss-free programs securing significant rate declines and those affected seeing steep increases. Reinsurance rates on loss-free working layers fell 20 percent on average, while those with losses saw increases of 15 percent to 25 percent, depending on severity. Rate increases were slight for high-risk excess programs if there was underlying activity and flat where there was none.

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November 22nd, 2010

2010 Market Update: Insight from Guy Carpenter’s Credit, Bond and Political Risk Team

Posted at 4:00 AM ET

David Edwards, Managing Director
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Guy Carpenter & Company, LLC (Guy Carpenter) has released its fourth annual market update from its London-based Credit, Bond and Political Risk Team.

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