Posts Tagged ‘Speed (Morley)’



February 20th, 2014

Guy Carpenter Launches Cyber Solutions Specialty Practice

Posted at 6:00 AM ET

Guy Carpenter & Company has announced the launch of its Cyber Solutions Specialty Practice, which focuses on the development and delivery of innovative cyber reinsurance solutions to address the rapidly increasing risks associated with cyber security. The practice builds upon Guy Carpenter’s market leadership position and years of experience and market intelligence in this area, and through its team of highly seasoned professionals, helps clients effectively manage their cyber portfolios and grow profitably.

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October 22nd, 2013

Guy Carpenter’s Newly Founded Casualty Solutions Group Delivers Support Around Casualty Lines

Posted at 1:00 AM ET

georg-fullesspeed_morley_bioGeorg H. Fülles, Head of European Casualty Strategy and Morley Speed, Managing Director

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Reinsurance buyers in Continental Europe have complained for decades about an imbalance between property lines and casualty lines in the depth of knowledge and services offered by brokers.  Reinsurance broking has predominately been driven by expertise in property lines and, particularly, in the natural catastrophe area. Guy Carpenter has recently closed this gap with its new Casualty Solutions Group (CSG).

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September 11th, 2013

Annuity Settlements Could Crystalize Into Sizeable Risk Margins

Posted at 1:00 AM ET

victoria-jenkinsspeed_morley_bioVictoria Jenkins, Managing Director, and Morley Speed, Managing Director

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For bodily injury claim settlements in Europe, the trend is shifting away from lump sums and towards annuity-type settlements, which come with risks related to longevity, inflation and hedging. Insurance companies with significant casualty business may see their risk profiles transform over time to be more like pensions funds - but without working members and with even longer lasting liabilities. While the insurance industry is beginning to understand the implications of this move to annuity settlements, it does not have a clear understanding of the implications for an increasingly important regulatory balance sheet metric: Risk Margin.

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February 27th, 2013

Casualty Lines

Posted at 1:00 AM ET

Here we highlight recent GC Capital Ideas stories that have focused on casualty lines of business. 

Contingent Business Interruption: Life Support for Industry: Traditional insurance products are insufficient to address these increasingly complex challenges. The standard business interruption policy only indemnifies an insured for a reduction in revenue following damage at its own premises. Contingent business interruption is a generic term for extensions to the standard cover that provide for reduction in revenue as a result of damage at locations other than the insured’s own premises, whether it be suppliers or customers. In some cases insurers are providing cover on a “non-damage” basis, which protects against insolvency or political risk among an array of contingencies that might disturb the supply chain.

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Criminal Liability of Companies Under Spanish Law: What is the Real Impact on Directors & Officers Coverage? The financial crisis has triggered a number of criminal investigations against companies and their directors. In light of these developments, this section provides an overview of the recently introduced Spanish regulation concerning criminal liability of companies and the real impact this reform will have on directors and officers policies.

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Swiss Supreme Court: Scope of Ban on Retroactive Insurance: The current Swiss Insurance Contract Act (Versicherungsvertragsgesetz, VVG) prohibits retroactive insurance. Therefore, an insurance contract is usually void if the risk no longer exists or the feared event has already occurred before the contract is concluded (Article 9 VVG).

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September 11th, 2012

Guy Carpenter Report Details European Legislative Developments for Casualty Insurance Market

Posted at 11:30 PM ET

Guy Carpenter issued its semiannual analysis of key European legislative developments affecting the casualty insurance industry. Produced in collaboration with law firm Heuking Kühn Lüer Wojtek and its network of legal experts across Continental Europe, the report, Recent Legislative and Judicial Developments in Continental Europe Affecting the Casualty Insurance Industry, analyzes the most impactful and significant legislative changes and judicial developments across 11 jurisdictions, which include:

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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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March 5th, 2012

Eurozone – Reinsurance Contract Issues

Posted at 1:01 AM ET

Morley Speed, Managing Director and Mike Rosen, Senior Vice President

The implications of the many possible outcomes of the current “Eurozone Crisis” are profound and unpredictable and in some cases, unprecedented. The implications are also wide-ranging, embracing political, economic and legal dimensions. Such complexity gives rise to different, not to say contradictory, interpretations and predictions. However, we can only be certain that actual events, when they happen, will follow their own unique trajectory.

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