Posts Tagged ‘Latin America’



June 15th, 2015

Microinsurance Consortium and Venture Incubator Announces New Name

Posted at 6:00 AM ET

The Microinsurance Consortium, led by a group of leading companies in the insurance industry, today announced a new name for their microinsurance venture incubator (MVI) - Blue Marble Microinsurance. The consortium consists of American International Group, Inc., Aspen Insurance Holdings Limited, Guy Carpenter & Company, LLC together with Marsh & McLennan Companies, Inc., Hamilton Insurance Group, Ltd., Old Mutual plc, Transatlantic Reinsurance Company, XL Catlin, and Zurich Insurance Group.

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June 10th, 2015

Guy Carpenter Appoints Paul Summers as Head of International Facultative Reinsurance

Posted at 6:51 AM ET

Guy Carpenter today announced that Paul Summers will be joining the company as Managing Director and Head of International Facultative Reinsurance, following completion of his current contractual notice period. He will assume this role from Massimo Reina, who will become Chairman of the division and will concentrate on his duties as CEO of Continental Europe & MENA.

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July 8th, 2014

6.9Mw Earthquake — Southern Mexico

Posted at 3:52 PM ET

6-9mw-eq-so-mexico-small

A magnitude 6.9 earthquake was reported by the U.S. Geological Survey (USGS) about 1 mile from Puerto Madero, Mexico near the Mexico-Guatemala border on Monday. The quake occurred at 6:23 a.m. local time (11:23 UTC) on the Pacific Coast, with an initial magnitude of 7.1 but later corrected to 6.9. The quake depth was 37 miles (60 km). About 10 minor aftershocks were reported in the region triggering additional landslides.

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July 7th, 2014

July 1 Renewals Reveal Continued Double Digit Price Decreases Across Many Lines and Geographies

Posted at 5:00 AM ET

Guy Carpenter reports that market pressures at July 1 renewals continued to drive price decreases across virtually all geographies and lines of business, many in the double digit range. As loss activity remained minimal, reinsurers added to surplus capacity and additional capital continued to come into the market via alternative sources. 

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April 2nd, 2014

8.2Mw Earthquake Near Chile Coast

Posted at 2:56 PM ET

chile-eq-2014smallAn 8.2-magnitude earthquake was reported by the U.S. Geological Survey (USGS) about 40 miles off the northern coast of Chile yesterday evening. More than 60 aftershocks were reported following the initial event, one of which was measured of magnitude 6.2. Shaking was felt as far away as La Paz Bolivia, over 290 miles (470 km) away.

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January 2nd, 2014

Emerging Markets Stories on GC Capital Ideas

Posted at 1:00 AM ET

Here we bring together recent GC Capital Ideas stories that have focused on emerging markets.

Demand for Asia Pacific Catastrophe Reinsurance at a Record High in 2013: Total Asia Pacific catastrophe limit purchased in 2013 increased for the tenth year in a row, but once again failed to keep pace with strong gross domestic product growth in the region, according to a new report released today by Guy Carpenter.

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Capital Stewardship Option: M&A - Grow/Diversify by Territory:  With growth opportunities limited in mature markets, many insurers are looking to emerging markets for future expansion, in particular China, Southeast Asia and Central and Latin America.

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Opportunities in Latin America: A Microscopic Look: While markets in some developed countries are demonstrating signs of recovery from the economic uncertainty of the last few years, and the growth in some developing markets is slowing, emerging countries remain attractive for insurance companies seeking opportunities for profitable growth. Latin America is an especially significant emerging region - it is rich in natural resources, geographically close to the United States and all of its governments are democratic. Before entering and engaging in business in this region, it is necessary for companies to be familiar with the economic environment, political situation, regulations, trends and risks that may be encountered.

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September 9th, 2013

Opportunities in Latin America: A Microscopic Look

Posted at 1:00 AM ET

lamm-tennant_joan_biodominedo-stefano-photoJoan Lamm-Tennant, PhD, Global Chief Economist and Risk Strategist, and Stefano Dominedo, Vice President

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While markets in some developed countries are demonstrating signs of recovery from the economic uncertainty of the last few years, and the growth in some developing markets is slowing, emerging countries remain attractive for insurance companies seeking opportunities for profitable growth. Latin America is an especially significant emerging region - it is rich in natural resources, geographically close to the United States and all of its governments are democratic. Before entering and engaging in business in this region, it is necessary for companies to be familiar with the economic environment, political situation, regulations, trends and risks that may be encountered.

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July 8th, 2013

July 1 Renewals Indicate Downward Pressure on Reinsurance Rates Likely to Continue through 2013

Posted at 11:00 PM ET

Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and member of Marsh & McLennan Companies (NYSE: MMC), reports that reinsurance market rates on line (ROLs) continued to be driven by an influx of capital from third-party investors at the July 1 renewals, in spite of catastrophe losses reaching approximately USD20 billion during the first six months of 2013 (above the ten-year average for the period). In a briefing released today, Guy Carpenter comments that robust catastrophe bond, sidecar and collateralized reinsurance activity throughout the year has for the first time pushed pricing in the capital markets to “decouple” or breakaway from levels set by the traditional market. This has in turn prompted downward pressure on overall traditional market pricing.

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May 29th, 2013

Guy Carpenter’s Aidan Pope Named Latin America Reinsurance Broking CEO of the Year

Posted at 1:00 AM ET

pope_aidan_thumbGuy Carpenter is pleased to announce that Aidan Pope has been named “Latin America Reinsurance Broking CEO of the Year” at the Reactions Latin America Awards 2013. Mr. Pope is CEO of Latin America and Caribbean (LAC) Operations for Guy Carpenter and is also on the firm’s Board of Managers.

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April 24th, 2013

Chart: Natural Catastrophe Insured Losses by Region

Posted at 1:00 AM ET

Thirty-five percent of insured natural catastrophe losses between 2009 and 2011 were located in Asia while only 33 percent were in the United States. Australia and New Zealand also saw a marked increase in natural catastrophe insured losses during this period, with 19 percent of the total. This is in stark contrast to the long-term trend of more than three-quarters of all insured natural catastrophe losses occurring in the United States.

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