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 »
Property
Staying Atop the Changing Cyber Insurance Market Is a Necessity for Boards
Cyber threats are a strategic enterprise risk that require significant focus and time by boards and C-suite members, among other key stakeholders. Yet, many organizations have worryingly low board and executive-level engagement around cyber risk, according to the Marsh Microsoft Global Cyber Risk Perception Survey. ... Continue Reading »
Review of Asia Pacific Insights on GC Capital Ideas
Here we feature recent stories covering the Asia Pacific region. Topics of focus include geography-specific perils such as potential water crises, and new approaches to managing life reinsurance arrangements. ... Continue Reading »
Competition and Change Are the Only Certainties for P&C Carriers: Part III; Trends in Personal Lines
Homeowners reverted to its historical trend with combined ratios in excess of 100 percent due to another round of catastrophe events affecting the United States. With the increase in personal auto competition, personal lines-dominant insurers face increased speculation on how to develop long-term prospective profits. The study found that personal lines writers experienced a ... Continue Reading »
Competition and Change Are the Only Certainties for P&C Carriers: Part II; Insights on Commercial Lines
Product liability insurers face liability claims challenges as trial lawyers ramp up around new mass torts including opioids, e-cigarettes, talc, and Round-Up. This is apparent from some of the recent judgments and settlements against the manufacturers of opioids. How this migrates through other insurers is unknown as of yet. ... Continue Reading »
Competition and Change Are the Only Certainties for P&C Carriers: Part I
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 companies have been progressing and the pace and opportunity associated ... Continue Reading »
Review of Climate Change Risks on GC Capital Ideas
Here we highlight the recent stories that GC Capital Ideas has presented on managing risks associated with climate change. ... Continue Reading »
The South Asia Risks Landscape
The first step for stakeholders looking to build resilience in their region is to gain a holistic sense of the risk environment, its complexities and the way in which global and local risks intersect with one another. ... Continue Reading »
The Energy Sector’s Carbon Emissions Are Rising, Not Falling. Can COP25 Turn it Around?
This year’s U.N. Climate Change Summit, known as COP25, opened last Monday (December 2nd) in Madrid against a backdrop of mounting urgency. In the last 12 months, the U.N.’s climate science body, the Intergovernmental Panel on Climate Change (IPCC), has issued two special reports raising stark warnings of the risks climate change poses to food security and the oceans. ... Continue Reading »
Guy Carpenter to Enhance Offering for US Public Entity Clients
Guy Carpenter announced that the US business of affiliate Victor, the world’s largest managing general underwriter, will offer Guy Carpenter clients who are members of US public entity insurance pools a wide range of property and casualty insurance solutions not traditionally offered by the pools. ... Continue Reading »
