Posts Tagged ‘MENA’



June 17th, 2014

Guy Carpenter Report Reinforces Need for TRIPRA Renewal

Posted at 11:15 PM ET

Guy Carpenter released its latest report on global terrorism. The report highlights evolving global terrorism risks and the impact these risks have on the reinsurance market. It also emphasizes the vital role the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) plays in the United States ensuring the availability and affordability of terrorism (re)insurance capacity throughout the country.

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June 10th, 2014

Enhancing Catastrophe Modeling In the Middle East and North Africa

Posted at 1:00 AM ET

victoria-jenkinsVictoria Jenkins, Managing Director

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The Middle East and North Africa (MENA) region is acknowledged to be a key growth area for (re)insurance. Insurance penetration is rapidly increasing but still has some way to go to reach comparable levels with Europe or the United States. In the period 2003-2012, most countries in the region achieved triple-digit percentage increases in premium volume, with some exceeding 600 percent growth (source: Swiss Re Sigma).

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March 4th, 2014

Guy Carpenter Makes Senior Promotions

Posted at 11:30 PM ET

Guy Carpenter  today announced that Massimo Reina has been promoted to the position of CEO of Continental Europe and MENA, with immediate effect. He succeeds Peter Stubbings, who has taken up the position of Chairman of the firm’s Bermuda operations.

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March 12th, 2013

Andrew Cox, Guy Carpenter’s Head of Advisory, EMEA

Posted at 1:00 AM ET

a-cox-finalHere we highlight recent GC Capital Ideas stories authored by Andrew Cox, Head of Advisory, EMEA, at Guy Carpenter. 

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February 25th, 2013

Thinking Differently: Opportunities for Profitable Growth

Posted at 1:00 AM ET

lamm-tennant_joan_bioJoan Lamm-Tennant, PhD, Chief Economist and Risk Strategist
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The macroeconomic environment continues to be top-of-mind among insurance leaders. With growth in global real gross domestic product (GDP) slowing from 4.1 percent in 2010 to 3 percent in 2011, insurance leaders continue to experience significant headwinds challenging profitable growth. As reported by Swiss Re, insurance overall direct premiums declined 0.8 percent in real terms in 2011. Nevertheless, pockets of opportunities do exist and will continue in the near term. Stabilizing social/political conditions, investments in infrastructure and demographic progression continue to fuel strong positive GDP growth and increasing insurance penetration in emerging economies. In these economies, overall direct premiums increased 1.3 percent in real terms in 2011, with non-life premiums increasing 9.1 percent.

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December 19th, 2012

Guy Carpenter Opens New Office in DIFC, Dubai

Posted at 12:10 AM ET

Guy Carpenter & Company has opened its first office in the Middle East and has received a license from the Dubai Financial Services Authority (DFSA) to operate as an insurance intermediary in the Dubai International Financial Centre (DIFC).

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May 30th, 2012

Capitalizing on Growth Opportunities in Emerging Markets, Part I

Posted at 1:00 AM ET

Alexander MoczarskiAlexander Moczarski, President and Chief Executive Officer, Guy Carpenter & Company and Chairman, Marsh & McLennan Companies International
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As (re)insurers are challenged to deliver healthy, accretive returns in maturing and increasingly competitive markets, emerging markets present growth opportunities that may not be found in the United States or Europe. Regulatory challenges, tightening reserve levels and capital requirements, coupled with volatile global economies and a low interest rate environment, are forcing companies to seek non-traditional or emerging growth strategies.

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September 9th, 2010

Guy Carpenter Earns Top Honors at Worldwide Reinsurance Awards

Posted at 2:00 AM ET

Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and part of the Marsh & McLennan Companies, was honored with two major accolades at The Review magazine’s prestigious Worldwide Reinsurance Awards 2010. For the fourth consecutive year, Guy Carpenter won the award for “Reinsurance Broking Team of the Year” as well as the coveted “Re/Insurance Initiative of the Year” award for developing CasCat®, the insurance industry’s first casualty catastrophe model.

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