Posts Tagged ‘fin cat’



November 27th, 2008

Chart Update: Shareholders’ Funds Development

Posted at 12:55 AM ET

As third quarter results become available, Guy Carpenter will continue to update the Shareholders’ Funds Development chart. With the latest information, the analysis has not changed, indicating that the latest results are consistent with early insights.

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November 25th, 2008

Chart Update: Change in Equity Shareholders Funds

Posted at 12:55 AM ET

As third quarter results become available, Guy Carpenter will continue to update the Change in Equity chart. With the latest information, the analysis has not changed, indicating that the latest results are consistent with early insights.

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November 24th, 2008

Book Value Update, Nov 24, 2008

Posted at 12:07 PM ET

The Guy Carpenter Global Composite’s combined book value is down 18 percent from the beginning of the year, reflecting the continued pressure that carriers face as third quarter results are released. Meanwhile, the S&P 500 Banks Index has recovered slightly, with its year-to-date decline hitting 32 percent, compared to last week’s 37 percent.

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November 24th, 2008

Chart Update: Post-Tax Hurricane Exposures

Posted at 12:55 AM ET

As third quarter results become available, Guy Carpenter will continue to update the Post-Tax Hurricane Exposures chart. With the latest information, the analysis has not changed, indicating that the latest results are consistent with early insights.

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November 20th, 2008

Chart: Shareholders’ Equity Changes at Nine Months

Posted at 12:50 AM ET

Unrealized losses, share repurchases, and dividends combined to drive aggregate shareholders’ funds for the Guy Carpenter Reinsurance Composite 16 percent lower for the year by September 30, 2008. Net income was modest, heavily impaired by realized losses.

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November 19th, 2008

Chart: European (Re)insurers: Earnings Sources at Nine Months

Posted at 12:50 AM ET

Compared to Bermudian carriers, European underwriting results were constrained in the first nine months of 2007. They made up difference with investment income and realized gains. When this source of earnings turned negative in 2008-falling from a gain of USD3.3 billion comprised of realized gains, to a loss of USD12.6 bilion-European P&Ls were affected profoundly.

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November 17th, 2008

Book Value Update, Nov 17, 2008

Posted at 1:00 AM ET

As publicly traded (re)insurers continue to report their third quarter results, the impact of the ongoing financial catastrophe is becoming more noticeable. All three indices lost value over the past week. The S&P 500 Insurance Index, S&P Banks Index, and Dow Jones Euro Stoxx Insurance Index all saw declines in their weighted average book values, according to data from Bloomberg.

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November 14th, 2008

Week’s Top Stories: Nov 8 - 14, 2008

Posted at 1:00 AM ET

Book Value Update: Earnings Announcement Impact: the erosion of balance sheets continues, as the effects of a global financial catastrophe spread across financial markets.

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Get Credit for Your ECM with S&P: Standard & Poor’s (S&P) has released a new framework for determining whether a carrier’s own ECM can receive partial credit in the S&P capital adequacy evaluation.

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Financial Catastrophes: No Storm, Plenty of Damage: throughout 2008, every major city in the world felt the reverberations of a “financial catastrophe,” triggered by the collapse of the subprime mortgage market.

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Uncover and Mitigate Product Liability Risk: Avert a Casuaty Catastrophe: Casualty Cat, a new model developed jointly by Guy Carpenter and Arium, Ltd., seeks to identify the hidden product liability accumulations in a carrier’s portfolio and delivers the insights needed for informed action.

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Defining the Value of Risk Management: the fundamental activity of risk-bearers has not been measurable, leaving a cloud of ambiguity in the middle of every carrier’s operation.

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Most Popular Keyword: asset impairment

And, you may have missed …

Alternatives to Alternative Capital: (re)insurers have come to expect that alternative sources of capital will always be available, but the well may be at risk of running dry.

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November 14th, 2008

Chart: Change in Equity: First Nine Months of 2008

Posted at 1:00 AM ET

Only two companies, including the Lloyd’s of London market central assets, saw an increase in equity over the period. The simple average of changes reported to date is -10.1 percent.

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