Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC), reports that after two years of price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most recent June renewals.
Posts Tagged ‘Reins Markets’
Guy Carpenter today announced a new digital strategy, unveiling an innovative platform - GC Exchange℠ and its unique suite of electronic solutions, including GC MarketPlace℠ and GCReBID℠.
As we approach the April 2015 reinsurance renewal, we look back at the Jan. 1 renewal.
Mark Murray, Senior Vice President
The major rating agencies covering the reinsurance sector (A.M. Best, S&P, Moody’s, Fitch) have all voiced concerns with the industry’s ability to adjust to the seemingly overwhelming headwinds currently facing the sector. With A.M. Best recently changing its outlook, the view of the reinsurance sector across the rating agencies is now unanimously negative.