Posts Tagged ‘Simon Hayes’

September 28th, 2011

Guy Carpenter Introduces Earthquake Model for Iceland

Posted at 1:00 AM ET

Guy Carpenter & Company announced that its GC Analytics® Model Development Team has introduced a new, fully probabilistic earthquake model for Iceland. The model, developed in collaboration with the Iceland Catastrophe Fund (Viðlagatrygging Íslands), local scientific experts and experienced international consultants, provides insurers and reinsurers with a reliable, high-quality tool for managing potential exposures in a fully developed insurance market.

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March 8th, 2010

Construction & Engineering Renewals at 1/1

Posted at 12:00 PM ET

Simon Hayes, Managing Director

The 2008-2009 global financial crisis had a significant impact on insurers in the engineering and construction sector. Many large and small Contractors All Risk (CAR)/Erection All Risk (EAR) single projects around the world were either cancelled or suspended due to lack of available financing. These developments have caused insurers’ income from construction projects to shrink. Insurers see a need to expand into other classes, such as annuals, power and breakdown.

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