Posts Tagged ‘Reins Markets’



January 19th, 2016

Guy Carpenter Appoints Susanne Miller-van der Schild as Managing Director of Benelux Operations

Posted at 11:45 PM ET

Guy Carpenter & Company today announced the appointment of Susanne Miller-van der Schild as Managing Director, Guy Carpenter Benelux, effective February 1.

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January 5th, 2016

Guy Carpenter Reports Stable Capital at January 1, 2016 Renewals

Posted at 11:30 PM ET

2016-gc-renewal-report-sm4Guy Carpenter & Company reports that overall capital levels dedicated to reinsurance have stabilized, showing no growth for the first time in several years.  In a highly competitive environment, companies assessed broader opportunities and the rate of incoming capital slowed. However, moderate loss experience kept capacity at abundant levels for the January 1, 2016 renewals. The continued scarcity of costly catastrophe losses and more than adequate capacity led to reinsurance pricing reductions, although there are signs the rate of descent is slowing as compared to 2015.  

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December 17th, 2015

Chart: Combined Ratio For Guy Carpenter Reinsurance Composite, Q3 2015

Posted at 1:00 AM ET

Chart presents combined ratio for the Guy Carpenter Global Reinsurance Composite, 2004 through third quarter 2015.

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December 16th, 2015

Chart: Return On Revenue For Guy Carpenter Reinsurance Composite, Q3 2015

Posted at 1:00 AM ET

Chart presents return on revenue for the Guy Carpenter Global Reinsurance Composite, 2004 through third quarter 2015.

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December 15th, 2015

Chart: Return On Equity For Guy Carpenter Reinsurance Composite, Q3 2015

Posted at 1:00 AM ET

Chart presents return on equity for the Guy Carpenter Global Reinsurance Composite, 2004 through third quarter 2015.

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December 14th, 2015

Chart: Source Of Earnings For Guy Carpenter Reinsurance Composite, Q3 2015

Posted at 1:00 AM ET

Chart presents source of earnings for the Guy Carpenter Global Reinsurance Composite for the third quarter, 2015 compared to the third quarter, 2014.

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October 27th, 2015

Transforming (Re)insurance Risk

Posted at 1:00 AM ET

anger_cory-smCory Anger, Global Head of ILS Structuring, GC Securities*

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Over the past few years, the capital markets have become increasingly involved in (re)insurance risk. The capital providers have participated in sidecars, catastrophe bonds and more recently in hedge fund-backed reinsurance companies and collateralized reinsurance vehicles. They also have considerable appetite for subordinated debt as they strive for additional yield in today’s low interest rate environment. The attractiveness of (re)insurance market risk to the capital markets is clear. They obtain higher yields and the opportunity for diversification into risks that are not completely correlated with financial market risk. The way capital markets access (re)insurance risk is either through investing via specialists funds or setting up their own in-house teams to better understand and analyze (re)insurance risk.

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October 18th, 2015

Baden-Baden Reinsurance Symposium Turns Spotlight on Recent Market Consolidation

Posted at 10:30 PM ET

Guy Carpenter & Company once again hosted the Reinsurance Symposium in Baden-Baden on October 18. Focusing on the theme of “Consolidation: Who Wins in the Race for Scale?”, leading industry figures shared their views on the recent merger & acquisition activity in the insurance and reinsurance arena, commenting on its impact on market dynamics, the key drivers for consolidation and what factors will contribute to success in the push for scale.

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October 18th, 2015

Transforming (Re)insurance Risk

Posted at 8:30 PM ET

paire-eric-smmasters-unoptimised-bryan-joseph_9913-sm1Eric Paire, Head of Global Partners & Strategic Advisory EMEA, Guy Carpenter and Bryan Joseph, Principal, Vario Partners LLP

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Over the past few years, the capital markets have become increasingly involved in (re)insurance risk. The capital providers have participated in sidecars, catastrophe bonds and more recently in hedge fund-backed reinsurance companies and collateralized reinsurance vehicles. They also have considerable appetite for subordinated debt as they strive for additional yield in today’s low interest rate environment. The attractiveness of (re)insurance market risk to the capital markets is clear. They obtain higher yields and the opportunity for diversification into risks that are not completely correlated with financial market risk. The way capital markets access (re)insurance risk is either through investing via specialists funds or setting up their own in-house teams to better understand and analyze (re)insurance risk.

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October 17th, 2015

Reinsurance Mergers and Acquisitions Deja-vu, Buyers Beware

Posted at 8:30 PM ET

rhewitt_2015-smRichard Hewitt, Head of Business Intelligence, EMEA

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“The reinsurance market is going through a consolidation phase,” wrote Swiss Re in 1998 (1), and here we go again, or so it seems. Since 2014, there have been four mergers and acquisitions (M&As) within the reinsurance space (2) that are pure consolidations rather than transactions by an acquirer from outside the sector. To date, we estimate that this consolidation wave has affected some USD 11 billion of net premium income and 5 percent of the global reinsurance market. However, that is short of the USD 16 billion and 13 percent, respectively, for the mid-1990s. There is nothing unusual about M&A. It is a cyclical phenomenon and very much in tune with the broader financial market environment. 

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