Posts Tagged ‘Guy Carp’



March 26th, 2015

January 1, 2015 Renewals See Lower Pricing and Broader Coverage for Clients

Posted at 1:00 AM ET

As we approach the April 2015 reinsurance renewal, we look back at the Jan. 1 renewal.

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March 25th, 2015

Public Entities, Insurers of Last Resort and Compulsory Cat Pools and Disaster Facilities

Posted at 1:00 AM ET

The use of capital markets-based risk transfer capacity by public entities, insurers of last resort, and compulsory catastrophe pools and disaster facilities continues to expand. These deals included Turkey’s Turkish Catastrophe Insurance Pool, Mexico’s FONDEN and New Zealand’s EQC. Most large U.S. insurers of last resort, such as CEA, Citizens (FL), Citizens (LA), North Carolina Joint Underwriting Association and the North Carolina Insurance Underwriting Association (NCJUA/NCIUA), and Texas Windstorm Insurance Association, are utilizing capital markets capacity including collateralized reinsurance and catastrophe bonds.

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March 24th, 2015

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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March 23rd, 2015

Chart: P&C M&A Activity 2006 to 2015

Posted at 1:00 AM ET

Chart presents property/casualty (P&C) merger and acquisition (M&A) activity primarily for United States and Bermuda-based companies over the past 10 years. The chart illustrates the number of deals and deal volume over that period.

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March 19th, 2015

Modeling Beyond Property CAT Risk

Posted at 1:00 AM ET

Here we review recent GC Capital Idea stories on catastrophe models that focus on exposures beyond catastrophe property risk:

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March 18th, 2015

Guy Carpenter Publishes Scenario Risk Report for Asia Pacific Region

Posted at 12:30 AM ET

Guy Carpenter today released a new scenario risk report titled Tsunami Risk from Magnitude 9.4 Earthquake in Manila Trench. The report provides an in-depth study of the tsunami risk from a moment magnitude 9.4 earthquake along the Manila Trench, including the Hong Kong area, Taiwan, Kota Kinabalu, Macau, Manila and Vietnam. Among the regions studied in the report, the worst case scenario predicts the highest risks in southwest Taiwan, specifically up to 4 meters at the Port of Kaohsiung, Taiwan’s principal port and the sixth largest container port in the world.

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March 17th, 2015

Parametric CAT Derivatives to “Build Back Better”

Posted at 1:00 AM ET

franco_guillermo_bioGuillermo Franco, Head of Catastrophe Risk Research - EMEA

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Destruction caused by catastrophes often unfolds due to inadequate construction practices or land use planning. The likely response to these events is to strive to “build back better,” in part by addressing the mistakes of the past. Unfortunately, communities that embrace this challenge often find that they lack the financial resources for it and ambitious reconstruction projects lose momentum.

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March 16th, 2015

Guy Carpenter Launches its Innovative Casualty Catastrophe Model: GC ForCas℠

Posted at 5:30 AM ET

Guy Carpenter today announced the launch of GC ForCas℠, its new data-driven casualty catastrophe model.

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March 16th, 2015

The Insurance Risk Benchmarks Research: Insights for the Industry and the E&S Market

Posted at 1:00 AM ET

woolstenhulme_micah_photo-smallMicah Woolstenhulme, Manager, ERM Services, Strategic Advisory

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The Insurance Risk Benchmarks Research is an ongoing project sponsored by Guy Carpenter & Company and Oliver Wyman to assist property/casualty (P&C) companies with profiling enterprise risk. Articulating an individual company’s risk profile requires assessment of both absolute and relative financial uncertainties. The absolute uncertainties can ultimately be codified in an economic capital model, but robust review of relative historical performance invariably improves the codification of certain systemic risks.

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March 12th, 2015

Centralization of Reinsurance Buying

Posted at 1:00 AM ET

reina_massimo_-photo-175x175Massimo Reina, CEO, Continental Europe & MENA, Guy Carpenter & Company, LLC

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It should come as no surprise that there is a general trend among larger cedents to centralize reinsurance buying decisions and retentions and to bundle homogeneous products. This has become possible with the improvement of available portfolio data. This practice has some obvious advantages for buyers, such as reduced spend, reduced administration, improved control over counter-party credit risks and, possibly, retention of additional profits that would otherwise be ceded to reinsurers.

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