Posts Tagged ‘Fac’



November 5th, 2018

Recent Thought Leadership from Guy Carpenter – North America Focus

Posted at 1:00 AM ET

Here we present a recap of recent thought leadership from Guy Carpenter focusing on important insurance and reinsurance topics in North America.

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October 28th, 2018

Facultative or Treaty and Why the Need for Hybrid Solutions - GC@PCI Commentary

Posted at 1:00 AM ET

fleming_jeffJeff Fleming, Managing Director

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  • Facultative and treaty reinsurance offer a host of benefits, but each can be burdened with inflexibilities that limits the utility
  • A reinsurance solution that draws on fac and treaty enables insurers to purchase cover that meets unique needs of their profiles
  • GC Hybrid Solutions(SM), with fixed pricing and set capacity, frees cedents from administrative burdens of fac and provides protection for unexpected events

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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 12th, 2015

Centralization of Reinsurance Buying

Posted at 1:00 AM ET

reina_massimo_-photo-175x175Massimo Reina, CEO, Continental Europe & MENA, Guy Carpenter & Company, LLC

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It should come as no surprise that there is a general trend among larger cedents to centralize reinsurance buying decisions and retentions and to bundle homogeneous products. This has become possible with the improvement of available portfolio data. This practice has some obvious advantages for buyers, such as reduced spend, reduced administration, improved control over counter-party credit risks and, possibly, retention of additional profits that would otherwise be ceded to reinsurers.

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October 18th, 2014

Centralization of Reinsurance Buying

Posted at 11:30 PM ET

reina_massimo_-photo-175x175Massimo Reina, CEO, Continental Europe & MENA, Guy Carpenter & Company, LLC

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It should come as no surprise that there is a general trend among larger cedents to centralize reinsurance buying decisions and retentions and to bundle homogeneous products. This has become possible with the improvement of available portfolio data. This practice has some obvious advantages for buyers, such as reduced spend, reduced administration, improved control over counter-party credit risks and, possibly, retention of additional profits that would otherwise be ceded to reinsurers.

Continue reading…

September 18th, 2014

Terrorism Reinsurance Strategies

Posted at 1:00 AM ET

Even if the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is renewed without wholesale changes, the recent organic growth in US nationwide workers compensation premiums as a result of rate rises and payroll growth is likely to cause insurance companies’ deductibles to increase. This in turn is likely to increase demand for terrorism reinsurance.

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March 4th, 2014

Guy Carpenter Makes Senior Promotions

Posted at 11:30 PM ET

Guy Carpenter  today announced that Massimo Reina has been promoted to the position of CEO of Continental Europe and MENA, with immediate effect. He succeeds Peter Stubbings, who has taken up the position of Chairman of the firm’s Bermuda operations.

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December 19th, 2012

Guy Carpenter Opens New Office in DIFC, Dubai

Posted at 12:10 AM ET

Guy Carpenter & Company has opened its first office in the Middle East and has received a license from the Dubai Financial Services Authority (DFSA) to operate as an insurance intermediary in the Dubai International Financial Centre (DIFC).

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February 29th, 2012

Insurers See Growth in Program Administrators and Managing General Agents Marketplace in 2012, According to Guy Carpenter Survey

Posted at 1:00 AM ET

Specialty program insurance providers predict that the Program Administrators and Managing General Agents (PA/MGA) market will grow in 2012 as a result of changes taking place in program business, according to a survey conducted by Guy Carpenter. In its annual study of the PA/MGA marketplace, Guy Carpenter surveyed both traditional insurance companies with specialty program operations and specialty insurance carriers about their program business and the direction of the PA/MGA marketplace.

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