Posts Tagged ‘RendezVous2010’



September 16th, 2010

Videocast: Keeling, Kennedy and Klein Discuss Excess Capital Strategies at Monte Carlo Rendez-Vous

Posted at 2:00 AM ET

gcci_animFor those who missed Guy Carpenter’s Press Briefing in Monte Carlo, we provide a videocast of the presentations delivered by our specialists on the challenges and opportunities for insurers and reinsurers to optimize capital in the current environment.

Click here to view the presentation videos and accompanying slides >>

September 16th, 2010

Chart: At Monte Carlo Rendez-Vous, Chris Klein on Modest Adverse Reserve Development

Posted at 1:00 AM ET

Chris Klein, Director of Reinsurance Market Management
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In his presentation at the Guy Carpenter Monte Carlo Rendez-Vous Press Briefing, Chris Klein spoke about reinsurance pricing. Factors that could put upwards pressure on pricing continue to lurk in the wings. Support from reserve releases appears to be waning and Guy Carpenter’s analysis of statutory data for the U.S. property/casualty industry already reveals modest adverse development for the 2008 accident year in 2009.

klein-mc-loss-reserve

Click here to view all video presentations and slides presented at the Guy Carpenter Monte Carlo Rendez-Vous Press Briefing >>

Click here to view Chris Klein’s entire presentation >>

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September 15th, 2010

MicroInsurance: A Market with Untapped Potential

Posted at 1:00 AM ET

keeling_henry_141x141Henry Keeling, CEO of International Operations
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In 2008 Guy Carpenter was awarded an Innovation Grant by the Microinsurance Innovation Facility to develop risk transfer capacity for microinsurance risks throughout the developing world. Since then, Guy Carpenter has worked tirelessly with microfinance institutions (MFIs), insurers and reinsurers worldwide to narrow the gap between microreinsurance market supply and demand.

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September 15th, 2010

Modeling Loss Reserve Risk

Posted at 1:00 AM ET

mango_smallA Conversation with Don Mango, Chief Actuary
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Loss reserves are one of the most difficult risks on insurance companies’ balance sheets. What about loss reserving presents such difficulty?

Loss reserves are essentially forecasts of losses that are going to be paid five, 10 and 15 years from now. Since the future cannot be predicted with perfect accuracy, reserves, of course, are difficult to estimate.

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September 14th, 2010

Modeling the Impact of a Casualty Catastrophe

Posted at 2:00 AM ET

small-lewinDavid Lewin, Managing Director
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Look no further than today’s headlines to see how a single catastrophic event or lawsuit can have far-reaching effects. Over the past few years, several incidents, seemingly isolated, have ballooned into cross-border, cross-industry and cross-business line catastrophes. Chain reactions of liability — such as the Deepwater Horizon oil spill, the collapse of Lehman Brothers and the Chinese Drywall product recall — have led insurers to ask: How do I assess the impact of a major legal liability catastrophe on my portfolio? And it’s not just the industry waiting for an answer: stockholders, analysts, rating agencies and regulators are listening, too.

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September 14th, 2010

Insurance Companies Undervalued?

Posted at 1:00 AM ET

flandro_david2David Flandro, Global Head of Business Intelligence
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Companies in the reinsurance sector are trading at or near long term low valuations. This raises the question: Why are “strong buy” recommendations not more common? The answer may lie in the fact that, generally, analysts and investors are concerned about three important obstacles to returns on equity.

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September 13th, 2010

Capital Markets Trends in 2010

Posted at 2:00 AM ET

kennedy_bill_gcciBill Kennedy, Global CEO of Analytics, Capital Markets, Specialty Practices and Advisory
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Eight catastrophe bond transactions were completed in the second quarter of 2010, with USD2.05 billion in risk capital coming into the market — making it the second-most active second quarter on record. Of this total, USD1.7 billion (and all but one transaction) included exposure to U.S. wind, as sponsors and investors focused on this peril.

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September 13th, 2010

Guy Carpenter’s Reinforced International Operations

Posted at 2:00 AM ET

keeling_henry_141x141Interview with Henry Keeling, President and CEO, International Operations
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Since you joined Guy Carpenter about a year ago, what have been the biggest changes to the marketplace and client expectations?

Over the past year we have an increasingly competitive marketplace with downward pressure on pricing aligned with increasing capacity and capital levels. As at January 1, 2010 we estimated there was around US$20 billion of excess capital within the industry though this has reduced to around US$13 billion at mid-year.

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September 12th, 2010

GC Videocast - Rendez-Vous Press Briefing, International Growth (Henry Keeling)

Posted at 2:00 AM ET

gcci_keeling_anim1Henry Keeling, President and CEO, International Operations, Guy Carpenter & Company, describes the restructured European organization of Guy Carpenter.  New teams, new individuals and strengthened and enhanced operations have been set up in many territories in Europe. New leaders are focusing on European operations and many global Guy Carpenter executives are now based in Europe. The new structure provides a platform for integrating the analytical and broking sides of our business.

 

Henry Keeling also explores how future market leaders will be those companies that find ways to grow and create new opportunities through innovation and investment in new markets. Guy Carpenter sees microinsurance as the key opportunity for companies seeking emerging risks and new regions in which to grow. We are committed to this sector, working to narrow the gap between microinsurance market supply and demand.

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