Posts Tagged ‘Guy Carp’



June 28th, 2016

Chart: Combined Ratio For Guy Carpenter Reinsurance Composite, Q1 2016

Posted at 1:00 AM ET

Chart presents combined ratio for the Guy Carpenter Global Reinsurance Composite, 2005 through first quarter 2016.

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June 27th, 2016

Chart: Return On Premiums For Guy Carpenter Reinsurance Composite, Q1 2016

Posted at 1:00 AM ET

Chart presents return on premiums for the Guy Carpenter Global Reinsurance Composite, 2005 through first quarter 2016.

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June 23rd, 2016

Chart: Return On Equity For Guy Carpenter Reinsurance Composite, Q1 2016

Posted at 1:00 AM ET

Chart presents return on equity for the Guy Carpenter Global Reinsurance Composite, 2005 through first quarter 2016.

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June 22nd, 2016

Chart: Source Of Earnings For Guy Carpenter Reinsurance Composite, Q1 2016

Posted at 1:00 AM ET

Chart presents source of earnings for the Guy Carpenter Global Reinsurance Composite for the first quarter, 2016 compared to the first quarter, 2015.

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June 21st, 2016

Potential Losses From the Kumamoto Earthquake: Part II

Posted at 1:00 AM ET

Toyota Motor Corporation expects to lose 80,000 units of production after shutting down nearly all of its assembly plants in Japan as a result of the Kumamoto Earthquake. The shutdowns occurred after disruption to two of its suppliers, Aisin Seiki, which produces automotive components and Renesas Electronics, a manufacturer of automotive microchips (1). ¬†Aisin Seiki said production at two plants that make engine and auto parts, semiconductors and other components have been stopped since April 14. Renesas’s plant was also shut down (2).

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June 20th, 2016

Potential Losses From the Kumamoto Earthquake: Part I

Posted at 1:00 AM ET

The catastrophe modeling firm RMS estimated the economic loss for property risks to be between USD2.5 billion and USD3.5 billion (1). This estimate includes only residential, commercial, and industrial property and contents. Catastrophe modeling firm AIR estimated the insured loss to be between USD1.7 billion and USD2.9 billion for property risks (2). Both catastrophe modeling firms’ estimates exclude infrastructure, business interruption and contingent business interruption.

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June 16th, 2016

Earthquake Coverage in Japan, Part II: Residential, Commercial, Industrial and Earthquake Fire Expense Insurance

Posted at 1:00 AM ET

The other source of residential earthquake insurance is through a limited number of cooperative insurers. As opposed to residential earthquake insurance under the government’s program, cooperative earthquake insurance is entirely run and managed by each individual cooperative insurer that writes the class, with no governmental support. The original policy terms tend to be somewhat similar in basic design to those of the government’s program backed policies, but reinsurance arrangements are entirely at the discretion of the individual cooperatives. Almost all the cooperatives writing this class purchase non-proportional reinsurance from the international reinsurance market and, in certain cases, also access the capital markets for protection via catastrophe bond issuance.

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June 15th, 2016

Earthquake Coverage In Japan, Part I

Posted at 1:00 AM ET

Japan is known for its earthquake potential; and like many other earthquake-prone countries, the government participates in insuring earthquake risk. For houses and residential buildings there are two major sources of earthquake insurance. One is via commercial non-life insurance companies with support from the government and the other is via cooperative insurers. For all buildings and man-made structures other than houses and residential buildings, earthquake insurance is available from commercial non-life insurance companies, albeit on a strictly controlled basis.

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June 14th, 2016

Guy Carpenter Appoints CEO of GC Stockholm

Posted at 11:20 PM ET

Guy Carpenter today announced the appointment of Tobias Andersson as CEO of GC Stockholm, effective April 1, 2017. He will succeed Tomas Ljungqvist, who will become Chairman of the division.

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June 14th, 2016

Kumamoto Earthquake: Seismic Risk in the Kyushu Area

Posted at 1:00 AM ET

The Ryukyu Trench is situated southeast of Kyushu where the Philippine Sea plate begins its subduction beneath Japan. While earthquakes have occurred several hundred kilometers northwest of the Ryukyu Trench, most earthquakes are at significant depths along this subduction zone. Thirteen magnitude 5-plus earthquakes have occurred at shallow depths of less than 50 kilometers (31.1 miles) within 100 kilometers (62.1 miles) of the Kumamoto earthquake over the past century, according to the USGS. In addition to the two events in April, a shallow magnitude 6.6 earthquake occurred in 2005 off the north coast of Kyushu. Two other events occurred in 1975 that were of magnitude 5.8 and 6.1 at distances of 40 kilometers (24.9 miles) and 65 kilometers (40.4 miles) to the northwest. The graphic below from the USGS illustrates the depth of the Ryukyu Trench at 20 kilometer (12.4 miles) increments in orange. The depth of the trench beneath Kumamoto city is roughly 140 plus kilometers (87.0 miles).

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