Posts Tagged ‘public sector’



September 19th, 2017

Public Sector Risk Financing Perspectives in the United States: The Market for Mortgage Credit Risk (Re)insurance: Part II

Posted at 1:00 AM ET

krohn_jeff_photo_crop-sm2tedeschi_john_photo_sm21Jeffrey Krohn, Managing Director, and John Tedeschi, Managing Director

To date, the government sponsored entities (GSEs) have placed more than USD 10 billion of limit into the reinsurance market through Fannie Mae’s Credit Insurance Risk Transfer and Freddie Mac’s Agency Credit Insurance Structure, and over USD 50 billion of risk into the capital markets through Fannie Mae’s Connecticut Avenue Securities and Freddie Mac’s Structured Agency Credit Risk. Both capital market and reinsurance programs provide the GSEs with a form of excess of loss coverage on closed pools of mortgages meeting very strict guidelines.

Continue reading…

September 18th, 2017

Public Sector Risk Financing Perspectives in the United States: The Market for Mortgage Credit Risk (Re)insurance: Part I

Posted at 1:00 AM ET

krohn_jeff_photo_crop-sm1tedeschi_john_photo_sm2Jeffrey Krohn, Managing Director, and John Tedeschi, Managing Director

The global financial crisis of 2008 exposed the U.S. mortgage industry, taxpayers, and the global capital markets to the loss potential of residential mortgage credit risk. The total shakeup of the U.S. housing sector resulted in:

Continue reading…

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

Contact

  • 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…

August 31st, 2017

Addressing Flood Peril

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts on Guy Carpenter’s efforts to address the flood peril.

Continue reading…

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.

Continue reading…

August 29th, 2017

Public-Private Partnerships Address Cat Risk Across the Globe

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts concerning the emergence of public-private partnerships addressing catastrophe risk across the globe.

Continue reading…

August 28th, 2017

Factors Contributing to the Gap Between Economic and Insured Losses

Posted at 1:00 AM ET

The factors that contribute to the gap between economic and insured losses.

Continue reading…

August 8th, 2017

Public Sector Risk Financing Perspectives in Europe/Middle East/Africa: Part IV: Closing the Protection Gap

Posted at 1:00 AM ET

whitmore_charles_photo-sm4Charles Whitmore, Managing Director

Contact

These trends are likely to support broader product offerings and greater market stability around which the private sector may close the protection gap in EMEA and in other regions:

Continue reading…

August 7th, 2017

Public Sector Risk Financing Perspectives in Europe/Middle East/Africa: Part III: Highlights of Recent Public Sector Initiatives

Posted at 1:00 AM ET

whitmore_charles_photo-sm3

Charles Whitmore, Managing Director

Contact

Following years of planning by the insurance Industry and negotiation with a wide group of stakeholders including the government, Prudential Regulatory Authority (PRA), the Financial Conduct Authority (FCA) and others, Flood Re launched in April 2016. The overarching aim of the market-based scheme is to ensure better access to more affordable household insurance for those in high flood risk areas.

Continue reading…

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.

Continue reading…