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Global Risks Report 2020

The 15th edition of the Global Risks Report has been published by the World Economic Forum with support from Marsh & McLennan. Drawing on feedback from nearly 800 global experts who were asked to rank their concerns in terms of likelihood and impact, this year’s report highlights two core threads across the risks landscape: Intensifying confrontations, both between and w ... Continue Reading »

What Is Changing in the U.S. Healthcare Reinsurance Market?

Traditionally, healthcare reinsurers offered a robust model to customers, with additional services including claims analysis, access to vendor contracts in high-cost, specialty areas like organ transplant or dialysis, nurse hotlines, pre-natal teams and general expertise on "who to call" regarding specific claimant issues. Low loss ratios — around 65-75 percent — and high lev ... Continue Reading »

Review of Silent Cyber Coverage on GC Capital Ideas

Here we present the recent stories that GC Capital Ideas has presented on silent cyber, also known as unintended or non-affirmative coverage, the unknown or unquantified exposures stemming from cyber perils that may be triggered within traditional property and liability insurance policies. ... Continue Reading »

GC Capital Ideas Top Stories: December 2019

1. Competition and Change Are the Only Certainties for P&C Carriers: An abundance of capital from a wide range of sources coupled with evolving catastrophe risks and an extended period of low interest rates, are increasing the pressure on the property & casualty (P&C) industry to continue to increase its focus on underwriting. As such, business models for insurance ... Continue Reading »

January 1, 2020 Reinsurance Renewals Reflect Asymmetrical Market

Reinsurance renewals at January 1, 2020, were shaped by deteriorating loss experience, a lack of new capital inflows and increasingly challenged environments in the primary insurance and retrocession markets, according to Guy Carpenter. In its initial view of the January 2020 renewal, Guy Carpenter said that while reinsurance supply was largely sufficient to meet increasing ... Continue Reading »

Managing Crowds and Other Threats During the Holidays

Incidents of workplace violence are way more common than they should be. And while this type of violence can be found across industries, workers at retail outlets, bars, and restaurants tend to be more prone to it. The holidays can only make the situation worse, both because of personal stresses and crowded environments, according to Mac Nadel, Food & Beverage Practice ... Continue Reading »

Guy Carpenter Announces Appointment of Benelux CEO

Guy Carpenter announced today the appointment of Patrick Schepens as CEO of the Benelux region, effective April 2020. Mr. Schepens will be responsible for all of Guy Carpenter’s activities in the Benelux region and will be based in Brussels. In addition, he will become part of the company’s European Management team. Mr. Schepens will report to Massimo Reina, CEO of Con ... Continue Reading »