Posts Tagged ‘fin cat’



May 25th, 2011

Marsh and RIMS Survey: Excellence in Risk Management VIII

Posted at 1:00 AM ET

According to Excellence in Risk Management VIII: Greater Expectations, Greater Opportunities, a new survey conducted by Marsh and the Risk and Insurance Management Society (RIMS), executives in the C-suite expect risk managers to step up and take a more active role in integrating enterprise-wide risk management with their organizations’ broader strategic goals.

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November 4th, 2010

Third Quarter 2010: P/C M&A Activity Update: Index

Posted at 1:00 AM ET

Norman Brown, Managing Director, GC Securities, Geoff Sweitzer, Managing Director,  GC Securities and Bart Zanelli, Managing Director, GC Securities
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2010 has seen a modest level of property/casualty mergers and acquisitions (M&A) activity through the third quarter of the year - far less than what Guy Carpenter & Company, LLC expected to see going into the year. Twenty eight transactions with an aggregate deal value of almost USD3.2 billion have been announced and closed through the third quarter of 2010. This pace lags 2009 levels and is well off prior years’ activity.

Third Quarter 2010: P/C M&A Activity Update:   Part I, Trends and Mitigating Factors »

Third Quarter 2010: P/C M&A Activity Update:  Part II, Indicators Point to Increased Activity »

Click here to read other GCCapitalIdeas stories on Mergers and Acquisitions >>

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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.

Norman Brown, Geoff Sweitzer and Bart Zanelli are registered representatives of MMC Securities Corp.

November 3rd, 2010

Third Quarter 2010: P/C M&A Activity Update: Part II, Indicators Point to Increased Activity

Posted at 1:00 AM ET
Norman Brown, Managing Director, GC Securities, Geoff Sweitzer, Managing Director,  GC Securities and Bart Zanelli, Managing Director, GC Securities
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Following a review (Part I) of two significant “X-factors” that exist in the market that continue to stifle M&A activity, we explore the reasons why one would expect to see more M&A activity occurring in the next 6 to 12 months.

All that said, many of the other leading indicators point towards a market that should experience an increased level of M&A over the next 6-12 months.

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August 18th, 2010

Oliver Wyman – Financial Times Release Report on Emerging Risk

Posted at 1:00 AM ET

Guy Carpenter & Company, LLC sister company Oliver Wyman, and the Financial Times have released a new report entitled: Global Emerging Risks Survey: Steering the Course, Seizing the Opportunity.

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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

klein_chris_bio

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.

View all Guy Carpenter videocasts >>

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November 10th, 2009

Stability Returns

Posted at 1:00 AM ET

keeling_henry_141x141Henry Keeling, President and CEO — International Operations
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At the end of 2008, the normal pre-renewal uncertainty was magnified by the effects of the most severe financial crisis in more than 70 years. Financial markets were in turmoil, and the cost of capital was rising. Yet, these pressures were counterbalanced by capital positions that remained sufficient, despite the impairment of investment assets. The outcome was relatively benign, but anxiety was endemic before the January 1, 2009 reinsurance renewal. Now, 12 months later, the marketplace is much different, indicating the remarkable recovery that has occurred in 2009.

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October 20th, 2009

Casualty Clash and Casualty Catastrophe Risks, Part II: Age of Casualty Catastrophe Risks

Posted at 1:00 AM ET

metropoulos_emil_bioEmil Metropoulos, Senior Vice President
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The global financial crisis that has unleashed havoc on credit and equity markets is the most recent casualty catastrophe (with both systemic and classic clash characteristics), and it may be the largest in recent memory … but it certainly isn’t the first. In fact, there have been many, and their frequency has increased over the past two decades, allowing financial markets little reprieve from one disaster to the next.

The stock market crash of Oct. 19, 1987, kicked off the modern casualty catastrophe age. The Dow Jones Industrial Average lost 22 percent of its value, earning the event the appellation “Black Monday.” Since then, we have endured the initial public offering (IPO) laddering and equity analyst scandals associated with the “dot-com bubble,” as well as accounting irregularities at Enron, Tyco, WorldCom, Adelphia and others. The loss of shareholders’ wealth with each of these events was profound, but none has been as severe as the one that currently has the world’s financial markets in its grasp.

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October 9th, 2009

Guy Carpenter Fifth Annual Specialty Insurance Program Issuing Carrier Survey, Part III: About the Respondents

Posted at 12:30 AM ET

Carl Bach, Managing Director and John Barrows, Vice President
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This year, the number of traditional multi-line insurance carriers increased from 50 percent to 63 percent, with specialty carriers slipping to 34 percent. The response in 2007 was equivalent to 2008. More than half of all respondents had 2008 GWP of less than USD100 million, and 24 percent were between USD101 million and USD500 million. None wrote more than USD1 billion in 2008.

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October 8th, 2009

Guy Carpenter Fifth Annual Specialty Insurance Program Issuing Carrier Survey, Part II: Operations

Posted at 12:30 AM ET

Carl Bach, Managing Director and John Barrows, Vice President
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Operating Platform

Carriers are still flexible with regard to the services that PAs/MGAs provide, including system use and claim handling. Ninety-five percent of respondents expect the PA/MGA to underwrite, rate, quote and bind the business, as well as issue and service policies, up from 80 percent in 2008. Loss control and premium audit services remain important to some carriers, securing 40 percent and 42 percent, respectively — roughly unchanged year-over-year.

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October 7th, 2009

Guy Carpenter Fifth Annual Specialty Insurance Program Issuing Carrier Survey, Part I: A Steady Marketplace

Posted at 12:30 AM ET

Carl Bach, Managing Director and John Barrows, Vice President
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The Program Administrators and Managing General Agents (PA/MGA) market has remained remarkably consistent from 2008 to 2009, despite the outbreak of the worst financial crisis in more than 70 years. While the number of respondents perceiving market growth has declined since last year, the outlook remains quite upbeat, especially given the year’s tumultuous market conditions.

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