Posts Tagged ‘reinsurance intermediaries’



October 18th, 2014

Centralization of Reinsurance Buying

Posted at 11:30 PM ET

reina_massimo_-photo-175x175Massimo Reina, CEO, Continental Europe & MENA, Guy Carpenter & Company, LLC

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It should come as no surprise that there is a general trend among larger cedents to centralize reinsurance buying decisions and retentions and to bundle homogeneous products. This has become possible with the improvement of available portfolio data. This practice has some obvious advantages for buyers, such as reduced spend, reduced administration, improved control over counter-party credit risks and, possibly, retention of additional profits that would otherwise be ceded to reinsurers.

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September 13th, 2014

GC Videocast - Rendez-Vous Press Briefing 2014, Concluding Remarks (Alex Moczarski)

Posted at 2:19 PM ET

2014-sep-mc-moczarski-photo1Alex Moczarski, President and CEO, Guy Carpenter and Chairman, Marsh & McLennan Companies International, provides concluding remarks at the Guy Carpenter press briefing at the Monte Carlo Rendez-Vous in this GC Capital Ideas videocast.  He said  “The focus for many in the industry continues to be on the deflationary effect of excess capital. This can lead to negative introspection or just waiting for the ‘big one’ to strike. Such passivity won’t do. We must take the initiative. For a broker, this means constant innovation, anticipation of clients’ needs and delivering the best solutions.

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September 13th, 2014

GC Videocast - Rendez-Vous Press Briefing 2014 (James Nash) Asia Pacific Sees Increased Understanding and Quantification of Catastrophe Risk

Posted at 2:17 PM ET

2014-mc-nash-photoJames Nash, CEO of Asia-Pacific Operations, Guy Carpenter, considered the potential that existed in Asia-Pacific. “It is a blend of mature and emerging markets,” he said, “full of opportunities and challenges, and it requires all market participants to have a broad and diverse set of skills and offerings.” He continued: “As regulation develops across the region, and insurers are open to a wider array of modelling options by vendor and peril, we are seeing an increase in the understanding and quantification of the catastrophe risk in the region. This in turn leads to more transparent risk and capital management decision-making,” but, “at this stage the majority of alternative capital activity remains in the mature markets of Japan and Australia.”

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September 13th, 2014

GC Videocast - Rendez-Vous Press Briefing 2014 (Nick Frankland) Centralization of the Reinsurance Buying Process in EMEA

Posted at 2:15 PM ET

2014-mc-nick-frankland-photoNick Frankland, CEO of EMEA operations, Guy Carpenter, reviewed developments in EMEA, where newer capital is yet to have a significant impact. He described the region as “a mature, stable market saturated with existing capacity and clients tending towards buying less reinsurance.” This approach to purchasing he said reflected the continuing centralization of the buying process. “Groups are taking a longer-term and more strategic rather than short-term tactical approach,” he stated. “This in turn has seen a smaller number of reinsurers selected as long-term strategic partners.” Opportunities for growth in such an environment however still remain, he said. “Future growth for a reinsurance broker demands a thoughtful, strategic, analytical and intellectual value offering above and beyond traditional structuring and placing.”

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September 13th, 2014

Guy Carpenter Explores Wider Impact of Market Conditions

Posted at 1:58 PM ET

The growing presence of the capital markets, over capacity in most lines and territories, and the ongoing rationalization of buying strategies are not only influencing market dynamics, but also the continuing evolution of the broker into a capital and risk advisor. This is according to the panel of speakers at the seventh annual press briefing held at the Reinsurance Rendez-Vous 2014 in Monte Carlo by Guy Carpenter & Company, the leading global risk and reinsurance specialist, and wholly owned subsidiary of Marsh & McLennan Companies.

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October 22nd, 2013

Guy Carpenter’s Newly Founded Casualty Solutions Group Delivers Support Around Casualty Lines

Posted at 1:00 AM ET

georg-fullesspeed_morley_bioGeorg H. Fülles, Head of European Casualty Strategy and Morley Speed, Managing Director

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Reinsurance buyers in Continental Europe have complained for decades about an imbalance between property lines and casualty lines in the depth of knowledge and services offered by brokers.  Reinsurance broking has predominately been driven by expertise in property lines and, particularly, in the natural catastrophe area. Guy Carpenter has recently closed this gap with its new Casualty Solutions Group (CSG).

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October 21st, 2013

Increasing Strategic Advisory Needs of Large European Insurers and Reinsurers

Posted at 1:00 AM ET

paire_eric_thumbEric Paire, Head of Global Partners & Strategic Development EMEA

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Major European international insurance companies face common challenges, issues and external constraints on their way to profitable growth. How can external strategic advice help through the process?

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October 21st, 2013

Baden-Baden Reinsurance Symposium Calls On Industry To Do More To Meet Client Needs

Posted at 12:10 AM ET

Guy Carpenter hosted “Transferring Risk - Is the Insurance and Reinsurance Industry Adequately Serving its Clients?” the Reinsurance Symposium held in Baden-Baden on October 20, 2013. The event explored a range of topics including: the gap between economic and insured losses; how new capital entering the market can move beyond property catastrophe; and measures to provide coverage for new and emerging risks.

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July 24th, 2013

PA/MGA Survey: Reinsurance Purchasing

Posted at 1:00 AM ET

Reinsurance continues to play an important role for program issuing carriers. Seventy-six percent of respondents to the survey this year (66 percent last year) indicated the use of both direct reinsurers and intermediaries, while 18 percent indicated their use of intermediaries exclusively.

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March 6th, 2013

Tony Gallagher Appointed Chief Executive Officer of the Pacific Region for Guy Carpenter

Posted at 1:00 AM ET

Guy Carpenter announced that Tony Gallagher will be appointed Chief Executive Officer (CEO) of the firm’s Pacific Region effective March 1, 2013. Mr. Gallagher will be based in Sydney and will report to James Nash, CEO of the firm’s Asia Pacific region.

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