Posts Tagged ‘ILS’



October 16th, 2017

New Vehicle Matches The Right Capital To Risk – GC@PCI Commentary

Posted at 1:30 PM ET

anger_cory-mngt-bio-largepriebe_david_photo-sm2Cory Anger, Global Head of ILS Origination and Structuring, GC Securities and David Priebe, Vice Chairman

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  • A new Marsh & McLennan vehicle provides unparalleled support in accessing long-term capital markets-based protection
  • A broader and more diverse range of capital sources brings better matching, more efficient solutions customized to the unique risk profile of clients
  • Provides a standardized documentation process and single point of access, in an efficient and cost effective manner

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October 15th, 2017

Reinsurance Market Poised to Remain Vibrant Following Recent Catastrophe Events - GC@PCI Commentary

Posted at 11:30 AM ET

priebe_david_photo-sm1David Priebe, Vice Chairman

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  • The recent series of catastrophic events - earthquakes in Mexico, Hurricanes Harvey, Irma and Maria - is reminding cedents that reinsurance is one of the most effective ways to protect corporate capital bases
  • Harvey on its own is likely an earnings event that will probably not require an increase of industry capital; the addition of the cumulative effect of the earthquakes in Mexico and Hurricanes Irma and Maria, however, could create a capital event
  • The earthquakes and hurricanes provide an opportunity to define the viability and effectiveness of the 144A product. We expect that these instruments will demonstrate their effectiveness and serve their intended purpose

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September 12th, 2017

New Vehicle Matches the Right Capital to Risk - GC@MC Commentary

Posted at 3:30 AM ET

priebe_david-smbroche-image-sm

David Priebe, Vice Chairman, and Brendan Roche, Global Leader - ILS and SPV Management Services, Marsh Captive Solutions

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  • A new Marsh & McLennan vehicle provides unparalleled support in accessing long-term capital markets-based protection
  • A broader and more diverse range of capital sources brings better matching, more efficient solutions customized to the unique risk profile of clients
  • Provides a standardized documentation process and single point of access, in an efficient and cost-effective manner

Continue reading…

September 11th, 2017

ILS Framework Can Propel London to be The Global Hub, If It Has a Supportive Regulator – GC@MC Commentary

Posted at 12:30 AM ET

des-potter-smDes Potter, Head of GC Securities, EMEA

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  • London can establish itself as the global hub for innovative reinsurance risk transfer
  • U.K. regulators must be more responsive to enable the U.K. market to be more competitive
  • Developing an insurance-linked securities (ILS) market will help London maintain its global standing

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September 8th, 2017

GC Securities and Marsh Captive Solutions Introduce Cerulean Re

Posted at 12:38 PM ET

GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the establishment of Cerulean Re SAC Ltd. (Cerulean), a private syndicated collateralized reinsurance platform and Bermuda registered segregated account company (SAC) and licensed special purpose insurer.

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September 6th, 2017

Excess Capacity in This Year’s Florida Market: Part I; The Role of ILS: Lara Mowery

Posted at 1:00 AM ET

mowery_lara_bio1The Florida peninsula is the most important market for property reinsurance in the world. Each summer, the third most populous state in the union braces itself for another Atlantic hurricane season. In Florida’s esoteric insurance market, insurers buy reinsurance protection at the beginning of June each year.

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August 30th, 2017

The Transfer of Pandemic Risk from the Public Sector

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts on pandemic risk and the role of the capital markets to transfer risk from the public sector.

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August 4th, 2017

GC Securities Completes First Listed P&C Cat Bond Issued by World Bank International Bank for Reconstruction & Development’s Capital-at-Risk Program

Posted at 5:30 AM ET

GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the placement of a catastrophe bond benefitting the government of Mexico’s Fund for Natural Disasters (FONDEN). The $360,000,000, three-class catastrophe bond is issued by the International Bank for Reconstruction and Development (”World Bank” or “IBRD”), and represents the first listed property and catastrophe bond issued under its Capital-at-Risk notes program.

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July 17th, 2017

Excess Capacity in This Year’s Florida Market: Part III; Florida’s Citizens: Lara Mowery

Posted at 1:00 AM ET

mowery_lara_bio3In an interview Guy Carpenter’s Lara Mowery, Managing Director, discussed the drivers of the continuing rate reductions in Florida and what it means for the rest of the market. Here she discussed the role of Florida’s Citizens, the state’s insurer of last resort, in this year’s June 1 renewals.

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July 12th, 2017

Excess Capacity in This Year’s Florida Market: Part I; The Role of ILS: Lara Mowery

Posted at 1:00 AM ET

mowery_lara_bio1The Florida peninsula is the most important market for property reinsurance in the world. Each summer, the third most populous state in the union braces itself for another Atlantic hurricane season. In Florida’s esoteric insurance market, insurers buy reinsurance protection at the beginning of June each year.

Continue reading…