Posts Tagged ‘Reinsurance’



October 16th, 2017

Flood Insurance: The 2018 Market Opportunity - GC@PCI Commentary

Posted at 8:30 AM ET

hayes_j_bio-sm1kulik-john-sm3Jonathan Hayes, Managing Director and John Kulik, Senior Vice President

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  • The U.S. insurance industry is actively seeking new opportunities for growth in a challenging market by identifying untapped customer needs. The potential flood market is over five times the size of the most often mentioned new market, cyber insurance
  • Greater access to flood data and loss results and more reliable exposure modeling are enhancing the flood (re)insurance marketplace
  • Several developments are helping carriers understand and monitor aggregation

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October 15th, 2017

Reinsurance Market Poised to Remain Vibrant Following Recent Catastrophe Events - GC@PCI Commentary

Posted at 11:30 AM ET

priebe_david_photo-sm1David Priebe, Vice Chairman

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  • The recent series of catastrophic events - earthquakes in Mexico, Hurricanes Harvey, Irma and Maria - is reminding cedents that reinsurance is one of the most effective ways to protect corporate capital bases
  • Harvey on its own is likely an earnings event that will probably not require an increase of industry capital; the addition of the cumulative effect of the earthquakes in Mexico and Hurricanes Irma and Maria, however, could create a capital event
  • The earthquakes and hurricanes provide an opportunity to define the viability and effectiveness of the 144A product. We expect that these instruments will demonstrate their effectiveness and serve their intended purpose

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September 25th, 2017

Guy Carpenter Advances Capital Modeling Capabilities with MetaRisk® 10

Posted at 3:30 AM ET

Guy Carpenter & Company today announced the launch of MetaRisk® 10, which significantly enhances automation, adds support for A.M. Best’s new stochastic-based Best’s Capital Adequacy Ratio (BCAR) and enables modeling of “hours clauses.”

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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.

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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:

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September 11th, 2017

ILS Framework Can Propel London to be The Global Hub, If It Has a Supportive Regulator – GC@MC Commentary

Posted at 12:30 AM ET

des-potter-smDes Potter, Head of GC Securities, EMEA

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  • London can establish itself as the global hub for innovative reinsurance risk transfer
  • U.K. regulators must be more responsive to enable the U.K. market to be more competitive
  • Developing an insurance-linked securities (ILS) market will help London maintain its global standing

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September 8th, 2017

GC Securities and Marsh Captive Solutions Introduce Cerulean Re

Posted at 12:38 PM ET

GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the establishment of Cerulean Re SAC Ltd. (Cerulean), a private syndicated collateralized reinsurance platform and Bermuda registered segregated account company (SAC) and licensed special purpose insurer.

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September 8th, 2017

Reinsurance Solutions Continue to Achieve Stability and Growth for Cedents - GC@MC Commentary

Posted at 3:30 AM ET

james-nash-headshot-darker-smchu_julia_photograph-sm

James Nash, President, International and Julia Chu, Managing Director

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  • Shift in buying strategies towards managing volatility
  • Marketplace ‘vibrant’ as buyers capitalize on full array of products
  • Move to de-commoditize solutions driving up product complexity

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September 7th, 2017

Guy Carpenter Announces Senior Appointments in the Pacific Region

Posted at 9:30 PM ET

Guy Carpenter & Company  today announced the appointment of Andre Eisele to the role of CEO of the Pacific Region. In addition, Heinrich Eder will join the Guy Carpenter Advisory Board for the Pacific Region.

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September 7th, 2017

Excess Capacity in This Year’s Florida Market: Part II: Lara Mowery

Posted at 1:00 AM ET

mowery_lara_bio6In an interview Guy Carpenter’s Lara Mowery, Managing Director, discussed the drivers of the continuing rate reductions in Florida and what it means for the rest of the market. Here she discussed the role of excess capacity at the June 1 renewals.

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