The June 1, 2020 renewal is the first genuine test of the reinsurance market since the COVID-19 outbreak prompted government-mandated lockdowns across the globe. The pandemic has compounded an already firming reinsurance environment, resulting in challenged placements and pronounced property catastrophe pricing increases, particularly in Florida. ... Continue Reading »
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COVID-19 Perspectives Series: Q&A with David Priebe, Chairman, Guy Carpenter
Guy Carpenter Chairman David Priebe recently held a three part interview with The Insurer to share his thoughts on the myriad ongoing and potential impacts of the COVID-19 pandemic. ... Continue Reading »
Access to Private Capital Crucial to Governments’ Ability to Enhance Climate Resilience
Severe weather events and demographic challenges are putting an increasing strain on government finances, requiring a rethink of how catastrophic events are funded and a greater use of public-private partnerships to manage risk, according to Guy Carpenter. In a report released today – Protecting our Planet and the Public Purse – Guy Carpenter highlights how the risk lan ... Continue Reading »
GC Capital Ideas Enhances Access to Pandemic Insights
As interest in access to the latest insights on pandemic and the novel coronavirus (COVID-19) grows, GC Capital Ideas is adding a new feature to provide more direct access. You can click on the "Pandemic" hotspot on the banner atop GC Capital Ideas homepage, or click on the link below. Click here to access the new GCCI Pandemic Tab >> Additionally, here are some of ... Continue Reading »
Insurance-Linked Securities Market Outlook: Part I
The catastrophe bond market demonstrated critical resiliency during 2019 and delivered ample capacity at a time when it was most needed, according to Shiv Kumar, CEO of MMC Securities. ... 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 »
Carriers Must Carve Out Distinctive Strategies to Maximize their Potential for Success
Guy Carpenter has completed its annual review of property and casualty (P&C) results and found that competition and change are the only certainties (re)insurers are promised in today’s market. ... Continue Reading »
Dedicated Reinsurance Capital: First Half 2019
With the majority of 2019 reinsurance renewals now complete, the impact of significant catastrophe activity has evolved from a year ago. Capital inflow levels and risk appetites are responding accordingly. Crucially, alternative capital dipped slightly in the first half of 2019 for the first time since 2012 to USD 92 billion as investors responded to evolving risk measures and ... Continue Reading »
Market Conditions Shift as (Re)insurers Adjust to the Changing Nature of Risk
The growing complexity of risk is manifesting itself in the (re)insurance sector as underwriting assumptions are being challenged, and capital inflow levels and risk appetites respond accordingly. Crucially, the accumulation of losses from a range of diverse natural catastrophe perils in 2017 and 2018 has brought an end to years of soft (re)insurance market conditions as ... Continue Reading »
Guy Carpenter and CyberCube Report Reveals Potential Impact of Cyber Catastrophe Scenarios on U.S. Cyber Insurance Industry
Guy Carpenter and CyberCube Analytics released the findings of a joint report that explores the size and shape of potential cyber catastrophes and the resulting financial impact on the U.S. cyber insurance market. The report, “Looking Beyond the Clouds: A U.S. Cyber Insurance Industry Catastrophe Loss Study,” examined some of the key drivers of cyber catastrophe scenarios and ... Continue Reading »
