Posts Tagged ‘Nordic’

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.

Continue reading…

December 29th, 2013

January 1, 2014 Renewals Bring Downward Pressure on Pricing

Posted at 11:00 PM ET

Guy Carpenter & Company reports that reinsurance rates-on-line fell at the January 1, 2014 renewal in nearly all classes and regions. According to Guy Carpenter’s 2014 global renewal report, strong balance sheets, relatively low loss experiences and an unprecedented influx of convergence capital spurred competition and innovation at renewal. These factors led in turn to surplus capacity across most business segments as competition spilled beyond property catastrophe lines.

Continue reading…

January 25th, 2012

January 2012 Reinsurance Renewal: Nordic

Posted at 1:00 AM ET

Reinsurance rates in general were flat in Scandinavia at the January 1, 2012, reinsurance renewal with the exception of catastrophe rates, which increased modestly for loss-free programs and significantly for loss-affected programs. A reduction in capacity for catastrophe business contributed to pricing in the region, whereas the capacity for non-catastrophe business was plentiful. Reinsurance structures were generally unchanged year over year.

Continue reading…

February 3rd, 2011

Chart: Europe Property Catastrophe - Typical Rate on Line Changes at Jan 1

Posted at 1:00 AM ET



Click here to read the Executive Summary of Guy Carpenter’s report: Global Reinsurance Outlook: Points of Inflection; Positioning for Change in a Challenging Market >>

Click here to register to receive e-mail updates >>

March 11th, 2010

Jan 1 Renewals in Scandinavia

Posted at 10:00 AM ET

The Scandinavian market was characterized by increased capacity provided by several reinsurers. Soft market conditions prevailed and rate changes were generally flat to declining. Loss-free cat excess of loss lines were flat to declining 5 percent. Property Risk business without losses was flat to down 5 percent. However, Property Risk business with losses, experienced rate changes that were flat to increasing 5 percent.

Continue reading…