Posts Tagged ‘Guy Carp’



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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September 17th, 2014

As Cyber-Attacks Escalate, So Does Demand for Cyber-Specific Insurance

Posted at 1:00 AM ET

morley-speed-small2-97kirsten-eickstaedt-sma852mike-brown-sm972jeremy-platt-ls971Morley Speed, Managing Director, UK Cyber Solutions; Kirsten Eickstaedt, Senior Vice President, European Division and Casualty Solutions Group ; Mike Brown and Jeremy Platt, Co-Leaders of Cyber Solutions Specialty Practice

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From data breaches, to network business interruption to cyber extortion, the frequency and severity of cyber-attacks that have struck governments, utilities, individuals, medical and academic institutions and companies of all sizes are on the rise.

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September 16th, 2014

Hurricane Odile

Posted at 3:38 PM ET

odile-9-16-sm-200Hurricane Odile made a direct hit to the Southern end of the Baja Peninsula, Mexico, Sunday night, with impacts of great severity. Maximum sustained winds at landfall were 125 mph, a Category 3 hurricane on the Saffir-Simpson scale, according to the National Hurricane Center (NHC). Odile is now a tropical storm and poses an ongoing threat of wind, surge and especially heavy rain. The wind impacts of Odile include severe to complete damage to hundreds of homes, with severe damage to hotels and the Los Cabos airport. Downed trees and power lines are widespread, and power outages have affected at least 200,000. According to the NHC, Odile is tied with Olivia, which struck in 1967, as the strongest hurricane to make landfall in the state of Baja California Sur.

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September 16th, 2014

Capital Markets Growth and Innovations Continue

Posted at 1:00 AM ET

cory-anger-small2-169 Cory Anger, Global Head of ILS Structuring, GC Securities

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The influx of new capital into the (re)insurance industry constitutes the largest change to the sector’s capital structure in recent memory. Over the past 24 months, approximately USD20 billion of new capital has entered the market through investments in insurance-linked securities (ILS), funds and sidecars as well as the formation of hedge fund-related reinsurance companies and collateralized reinsurance vehicles.

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September 15th, 2014

Influx of New Capital Continues to Reshape the Reinsurance Market

Posted at 10:30 PM ET

2014-sep-capital-markets-cover-image-crGuy Carpenter today published a new report focusing on the growth in the insurance-linked securities (ILS) market during the past year and some of the recent developments in catastrophe bond structure and risk transfer.

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September 15th, 2014

GC Strategic Advisory Update: Reinsurers Ratings Challenged with Negative Sector Outlook

Posted at 1:00 AM ET

mark-murry-small-200 Mark Murray, Senior Vice President

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The major rating agencies covering the reinsurance sector (A.M. Best, S&P, Moody’s, Fitch) have all voiced concerns with the industry’s ability to adjust to the seemingly overwhelming headwinds currently facing the sector. With A.M. Best recently changing its outlook, the view of the reinsurance sector across the rating agencies is now unanimously negative.

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September 14th, 2014

Cyber, Terrorism and New Compensation Structures Highlighted as Critical Emerging Risks

Posted at 10:30 PM ET

2014-sep-emerging-risk-cover-image-crGuy Carpenter today published a new report highlighting emerging risks facing the (re)insurance sector, including cyber-attacks, terrorism and new compensation structures for long-term bodily injuries. The report seeks to identify and categorize these risks that are now confronting the sector, as well as analyze their implications on businesses and (re)insurers.

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September 14th, 2014

Capital Optimization: Using Internal Reinsurance for Group Capital Management

Posted at 1:00 AM ET

markus-muller-124Markus Müller, Global Partners & Strategic Advisory EMEA, Capital Optimization

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Increased capital efficiency remains at the forefront of (re)insurers’ strategies - owing largely to the pending introduction of the Solvency II regime, rating agency capital requirements and the continued pressure around shareholder expectations.

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September 13th, 2014

GC Videocast - Rendez-Vous Press Briefing 2014, Concluding Remarks (Alex Moczarski)

Posted at 2:19 PM ET

2014-sep-mc-moczarski-photo1Alex Moczarski, President and CEO, Guy Carpenter and Chairman, Marsh & McLennan Companies International, provides concluding remarks at the Guy Carpenter press briefing at the Monte Carlo Rendez-Vous in this GC Capital Ideas videocast.  He said  “The focus for many in the industry continues to be on the deflationary effect of excess capital. This can lead to negative introspection or just waiting for the ‘big one’ to strike. Such passivity won’t do. We must take the initiative. For a broker, this means constant innovation, anticipation of clients’ needs and delivering the best solutions.

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September 13th, 2014

GC Videocast - Rendez-Vous Press Briefing 2014 (James Nash) Asia Pacific Sees Increased Understanding and Quantification of Catastrophe Risk

Posted at 2:17 PM ET

2014-mc-nash-photoJames Nash, CEO of Asia-Pacific Operations, Guy Carpenter, considered the potential that existed in Asia-Pacific. “It is a blend of mature and emerging markets,” he said, “full of opportunities and challenges, and it requires all market participants to have a broad and diverse set of skills and offerings.” He continued: “As regulation develops across the region, and insurers are open to a wider array of modelling options by vendor and peril, we are seeing an increase in the understanding and quantification of the catastrophe risk in the region. This in turn leads to more transparent risk and capital management decision-making,” but, “at this stage the majority of alternative capital activity remains in the mature markets of Japan and Australia.”

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