Posts Tagged ‘Reinsurance’



May 24th, 2016

GC Securities* Completes Catastrophe Bond Queen Street XII Re dac on behalf of Munich Re

Posted at 5:28 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 single class of Principal At-Risk Variable Rate Notes (”Notes”) with a principal amount of USD 190,000,000 through the newly formed designated activity company (”dac”) domiciled in Ireland, Queen Street XII Re dac, to benefit Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (”Munich Re”).  This is the largest issuance of the eleven issuances in Munich Re’s Queen Street series since 2011 and the second largest issuance of all Munich Re’s Queen Street series. Additionally, Queen Street XII Re dac is the first special purpose vehicle authorized for the purposes of Directive 2009/138/EC (as amended) (”Solvency II Directive”) in the 144A catastrophe bond market.

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May 23rd, 2016

Cyber Risk

Posted at 1:00 AM ET

ross_christopher-smChristopher Ross, Managing Director

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As businesses, both large and small, throughout all sectors of industry, become more and more reliant on technology to improve service efficiencies and functionalities, cyber risk has become one of the most pressing public topics addressed in corporate boardrooms and by governments across the globe. The corresponding awareness of a business’s susceptibility to a cyber-attack has grown along with a spate of high-profile attacks. Consequently, cyber risk is now an embedded feature of the global risk landscape, not only as a privacy/network liability, which is where much of the publicity has arisen, but also as a peril affecting traditional insurance lines. Therefore, preventative and post-event remediation are gaining importance as shareholders, regulators and rating agencies are increasingly focused on enterprise risk management activities for cyber risks.

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May 17th, 2016

Stochastic-based BCAR: Do You Understand Your “Capital-print”?

Posted at 1:00 AM ET

murray_mark-smMark Murray, Senior Vice President

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Technology and innovation continue to change the world around us, creating both opportunities and new challenges for the (re)insurance industry. Advances in risk quantification such as predictive analytics and capital modeling, to name a few, are changing the way we underwrite, price and manage risk. Similarly, technology is allowing A.M. Best (Best’s) to advance the analytics of risk supporting its assessment of balance sheet strength. Taking advantage of stochastic modeling technology, the evaluation of risk within Best’s capital model is undergoing a fairly substantial overhaul to broaden the lens used to analyze risk relative to capital. The technology allows efficient production of multiple capital metrics adjusted for a range of risk levels rather than risk represented by just one data point, providing deeper insights into balance sheet strength, risk profile and risk appetite. The benefit of this overhaul will be a rating that provides greater differentiation among companies, a more informed dialogue around capital versus risk and a more concise measure of “excess” or “deficient” capital. This new lens on capital will significantly influence the way (re)insurers view, measure, communicate and possibly even manage risk.

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May 11th, 2016

Guy Carpenter Reports on Kumamoto Earthquake, Seismic Risk and Earthquake Cover in Japan

Posted at 2:30 PM ET

Guy Carpenter & Company today released a briefing and analysis of the Kumamoto Earthquake that struck Japan in April 2016.

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May 10th, 2016

The Value of Adopting Own Risk and Solvency Assessment (ORSA)

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts examining the benefits to (re)insurers adopting Own Risk and Solvency Assessment (ORSA) standards.

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May 9th, 2016

Unlocking Publicly Held Loss Exposure

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts on the competing interests between the private sector (re)insurers and the public sector and how the two recognize the benefits of working together for public sector risk financing.

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May 5th, 2016

Managing and Modeling Emerging Risks

Posted at 1:00 AM ET

Here we review GC Capital Ideas posts on the challenges (re)insurers face managing and modeling casualty catastrophe risks.

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May 3rd, 2016

Public Entities Approach to Risk Financing

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts on some of the drivers behind public entities considering new approaches to risk financing.

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April 28th, 2016

Emerging Risks: Modeling Considerations Moving Forward

Posted at 1:00 AM ET

william-garland-sm3Will Garland, Managing Director

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Technological progress is accelerating at a rapid pace and with it are the risks and opportunities that accompany those changes in many different segments of our economy:

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April 27th, 2016

China’s Insurance Regulatory System

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts on developments in China’s insurance regulatory system. 

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