Posts Tagged ‘RendezVous2012’



September 11th, 2012

The Growing Role of the Reinsurance Broker in the Life Market

Posted at 11:00 PM ET

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Nick Frankland, Chief Executive Officer, EMEA and Franck Pinette, Chief Executive Officer, European Life Business,
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Life and non-life reinsurance are different. One of the major differences is the prominence of the role of the reinsurance broker in non-life reinsurance - more than 75 percent of non-life business is transacted through brokers. This compares with only 5 percent transacted in life reinsurance. Why is there such a pronounced difference? And why is the life market developing a need for more frequent use of brokers?

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September 11th, 2012

Making Models More Responsive: The Framework

Posted at 11:00 PM ET

a-cox-finalAndrew Cox, Head of Advisory - EMEA
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Many insurance executives will have seen their companies incur high costs preparing for Solvency II, in particular for actuarial staff resources that build internal models. But are they seeing a good return on this investment?

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September 10th, 2012

Contingent Business Interruption: Life Support for Industry

Posted at 11:00 PM ET

speed_morley_thumbMorley Speed, Managing Director
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This summer hospitals in the United Kingdom have faced a critical shortage of specialized tubes required for intensive care dialysis machines produced by a specific supplier.

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September 9th, 2012

Adapting to an Evolving Market of More Permanent Capital Market Capacity

Posted at 11:00 PM ET

ezbiansky_chris_biopotter_des_photograph1Christopher Ezbiansky, Mergers and Acquisitions Advisory - Americas and Des Potter, Mergers and Acquisitions Advisory - Europe, GC Securities*

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A new capital management paradigm is challenging the traditional reinsurance model. Historically, significant market losses from major catastrophic events and low investment yields were a catalyst for an improved rate environment. Faced with current economic conditions, reinsurers are finding it more difficult to generate adequate returns in excess of their cost of capital, and are seeing an increased competitive threat from alternative capacity from the capital markets. New money appears to be more permanent and therefore limits the firmness and duration of any improved rate environment. Catastrophe bonds, sidecars, structured industry-loss warranties and collateralized reinsurance vehicles are among the alternative market options. Hedge funds are also playing a more active role, with a couple of major names setting up reinsurance operations in Bermuda.

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September 8th, 2012

Slower Economic Growth and Financial Crisis: Overcoming the Risks

Posted at 11:00 PM ET

flandro_davidDavid Flandro, Global Head of Business Intelligence
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Over the last five years, robust economic growth has been replaced by financial crisis, economic stagnation and fears of a Eurozone split. Although the insurance sector has remained solid and functioned admirably in the face of such difficulty, the operating environment is as challenging as ever.

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September 8th, 2012

Thinking Differently: Opportunities for Profitable Growth

Posted at 11:00 PM ET

lamm-tennant_joan_bioJoan Lamm-Tennant, PhD, Chief Economist and Risk Strategist
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The macroeconomic environment continues to be top-of-mind among insurance leaders. With growth in global real gross domestic product (GDP) slowing from 4.1 percent in 2010 to 3 percent in 2011, insurance leaders continue to experience significant headwinds challenging profitable growth. As reported by Swiss Re, insurance overall direct premiums declined 0.8 percent in real terms in 2011. Nevertheless, pockets of opportunities do exist and will continue in the near term. Stabilizing social/political conditions, investments in infrastructure and demographic progression continue to fuel strong positive GDP growth and increasing insurance penetration in emerging economies. In these economies, overall direct premiums increased 1.3 percent in real terms in 2011, with non-life premiums increasing 9.1 percent.

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September 8th, 2012

Guy Carpenter Explores Opportunities in a Challenging Market At Monte Carlo Rendez-Vous 2012

Posted at 10:26 PM ET

panel_animIn its fifth annual press briefing held at the Reinsurance Rendez-Vous 2012 in Monte Carlo, Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist, addressed the challenging market conditions currently facing the re/insurance industry and highlighted opportunities for growth.

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September 8th, 2012

GC Videocast - Rendez-Vous Press Briefing 2012 (Nick Frankland) Profitable Growth in EMEA Region

Posted at 9:29 PM ET

nf_animNick Frankland, Chief Executive Officer of EMEA Operations, Guy Carpenter, described the market as “a diverse region for Guy Carpenter.” He said: “We have to look in several directions and understand and manage different cultures, regulations and levels of sophistication and development.” He concluded that: “The EMEA region provides a varied market requiring flexibility, nimbleness and a broad and deep level of knowledge, but it is a region we see as full of opportunities.”

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September 8th, 2012

GC Videocast - Rendez-Vous Press Briefing 2012 (James Nash) Asia Pacific Region

Posted at 9:25 PM ET

jn_animJames Nash, Chief Executive Officer of Asia Pacific, Guy Carpenter, discussed developments in the Asia-Pacific region. He said: “The major catastrophes of 2011 refocused the spotlight on the need for analysis and modeling capabilities, and in particular caused acceleration in the desire to understand ‘non-modeled’ perils.” He highlighted the vast potential afforded by the region, but concluded: “We share in the exuberance about Asia, but we counsel participants to remain rational and vigilant to ensure we identify when irrational exuberance is becoming apparent or escalating.”

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