1. April 2021 Reinsurance Renewals; Japan: At the April 1 reinsurance renewals, property catastrophe pricing increased for the third year in a row. Following the first loss-free year since 2018, there was some consolation for buyers in that the average increase was the lowest of the past three years. Read the article >> 2. Chart; Guy Carpenter Global Property ... Continue Reading »
Casualty
Climate Change Is a Health Crisis. How Can Health Care and Life Sciences Respond?
It is crucial that companies and the (re)insurance market incorporate climate change into business considerations as investors, ratings agencies and financial regulators apply pressure on firms. Climate change will also impact health and life sciences stakeholders via more frequent and severe disruptions, according to Kavitha Hariharan, Director of Health Societies, Marsh ... Continue Reading »
More Than 110 Investors Discuss How They Plan for the Unexpected
The COVID-19 pandemic and social unrest in 2020 remind us that the (re)insurance industry’s challenges might change on a year-to-year basis, but they will never end. COVID-19 may represent the vanguard of a series of public health crises arising out of climate change, income inequity, fraying social safety nets, demographic imbalances, resource shortages and increasingly ... Continue Reading »
April Reinsurance Renewal Review
Here GC Capital Ideas brings together recent posts highlighting selected territories’ renewals. Japan: Prices increased in the range of 5 percent to 12 percent for loss-free programs covering catastrophe excess of loss windstorm, though there were outliers at either end of these ranges where specific factors applied. The average price for Japanese windstorm is now at a 25 ... Continue Reading »
Guy Carpenter Announces Senior European Appointments
Guy Carpenter announced the appointments of Christophe Gaudron as CEO, Guy Carpenter France, effective January 01, 2022, and Michel den Boer as Managing Director, Treaty Broking, Guy Carpenter Benelux, with immediate effect. ... Continue Reading »
April 2021 Reinsurance Renewals: Korea
Prior to the April 1 reinsurance renewals in Korea, expectations for pricing increases were quite high. While Korea had not experienced any impactful losses in recent years, a mid-sized typhoon, heavy rain losses and several large single losses occurred in 2020, influencing the pre-renewal expectations. However, capacity was more than sufficient and certain markets were ... Continue Reading »
Guy Carpenter Appoints Global Co-Heads of Cyber
Guy Carpenter announced the appointment of Anthony Cordonnier as Managing Director and Global Co-Head of Cyber, effectve the second half of 2021, and the promotion of Erica Davis to Global Co-Head of Cyber, effective immediately. ... Continue Reading »
April 2021 Reinsurance Renewals: Japan
At the April 1 reinsurance renewals, property catastrophe pricing increased for the third year in a row. Following the first loss-free year since 2018, there was some consolation for buyers in that the average increase was the lowest of the past three years. Rates moved up on average by a small percentage for mutual buyers. ... Continue Reading »
Renewals Season Roundup
As we head into the mid-year renewal season, GC Capital Ideas brings together posts highlighting the renewals that occurred at the beginning of the year along with early outlooks. ... Continue Reading »
Guy Carpenter Appoints Head of London Europe
Guy Carpenter announced the appointment of Sebastian Cook as Managing Director and Head of London Europe, with immediate effect. ... Continue Reading »
