Posts Tagged ‘Frank Achtert’



July 9th, 2018

Guy Carpenter Advises Gothaer on the Transfer of Its Gothaer Re Run-off portfolio

Posted at 2:00 AM ET

Guy Carpenter announced that it acted as the sole transactional advisor on the successful transfer of the reinsurance portfolio of Gothaer Group (Gothaer) which has been in run-off since Gothaer Re ceased trading in 2004.

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July 25th, 2016

Benchmarks for Enterprise Risk Management Disclosures

Posted at 1:00 AM ET

Here we present GC Capital Ideas’ stories on analyses of enterprise risk management disclosures. A 2014 study updated the analysis done in 2009, one of our most popular stories. The full briefings are attached.

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September 14th, 2015

Solvency II Horizon: Challenges and Strategic Impact

Posted at 10:30 PM ET

frank-achtert-sm1markus-mueller-sm-2015Frank Achtert, Managing Director, and Markus Mueller, Senior Vice President, GC Strategic Advisory℠

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After a long period of discussion and many delays, the new European insurance regulatory regime, Solvency II, will commence in January 2016. The rules will be compulsory for all insurance and reinsurance companies and groups in the European Economic Area. The Solvency II rules were developed over a period of more than 15 years, and there are many reasons for the long delay. Two notable reasons are differing business models from country to country and pressure on long-term guarantee products in the private pension system created by the low interest rate environment.

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September 14th, 2015

Changing Regulatory Landscape, Capital Requirements Will Impact (Re)Insurers’ Balance Sheets, Guy Carpenter Reports

Posted at 9:30 PM ET

regulatory-web-image-1-smGuy Carpenter today published a new report analyzing the changing regulatory landscape and the highly anticipated implementation of Solvency II. 

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July 8th, 2015

Benchmarks for Enterprise Risk Management Disclosures

Posted at 1:00 AM ET

Here we present GC Capital Ideas’ stories on analyses of enterprise risk management disclosures. A 2014 study updated the analysis done in 2009, one of our most popular stories. The full briefings are attached.

Continue reading…

May 26th, 2015

Benchmarks for Enterprise Risk Management Disclosures

Posted at 1:00 AM ET

Here we present GC Capital Ideas’ stories on analyses of enterprise risk management disclosures. A 2014 study updated the analysis done in 2009, one of our most popular stories. The full briefings are attached.

Continue reading…

January 5th, 2015

GC Securities* Completes First Ever Swiss Franc-Denominated Private Catastrophe Bond (“Gurten”) Benefitting Gebäudeversicherung Bern

Posted at 10:30 PM ET

GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the Regulation S placement of Principal At-Risk Variable Rate Notes (”Notes”) due January 15, 2016, with notional principal at CHF70,000,000 through Kaith Re Ltd., to benefit Gebäudeversicherung Bern (”GVB”). This is the first ever Swiss franc-denominated catastrophe bond and the first time that GVB has utilized the cat bond market to manage its risks.

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April 14th, 2011

Succeeding Under Solvency II, Disclosure (Pillar Three), How Guy Carpenter Can Help

Posted at 1:00 AM ET

Pillar III: Disclosure

Two levels of disclosure are required under Pillar III of Solvency II: regulatory and public. The details discussed above about Pillar II reflect the corporate governance disclosures necessary under the directive. Pillar I requirements address the disclosure of risk and capital levels to regulators. Additionally, (re)insurers affected by Solvency II will have to disclose risk and capital information - as well as modeling details - to the public.

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April 13th, 2011

Succeeding Under Solvency II, Corporate Governance (Pillar Two)

Posted at 1:00 AM ET

David Flandro, Global Head of Business Intelligence, Claude Lefebvre, Head of GC Analytics EMEA Region, Eddy Vanbeneden, Head of GC Analytics France and Benelux and Frank Achtert, Managing Director
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To support Solvency II compliance, (re)insurers need to implement rigorous corporate governance programs that address all areas of the company, from the tone and activities of company leadership through granular risk and capital management activities. The corporate governance framework should define a clear and robust organizational structure - including an adequate operational structure, the clear allocation of tasks and responsibilities, organizational transparency and efficient information systems across all business activities. The structure should delineate a clear separation between the risk management function and the audit function. There should be a clearly apparent independence of the two functions from each other. Management’s responsibilities must be evident.

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