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. Read the ... 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 »
Accessing Capacity for Community-Based Catastrophe Insurance Programs
Community-based catastrophe insurance (CBCI) solutions have the potential to enhance the financial resilience of communities and their residents, provide affordable and reliably available disaster insurance, and create incentives for community-level and individual risk reduction. Accessing insurer, reinsurer or capital market capacity can present varying benefits and ... 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 »
Week’s Top Stories: April 10 – 16, 2021
Chart: Guy Carpenter Global Property Catastrophe Rate-On-Line (ROL) Index – 1990 to 2021: The Guy Carpenter Global Property Catastrophe ROL index was up 4.5 percent year on year, at January 1. View the chart >> 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 ... 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 »
GC Capital Ideas Top Climate Change Insights
The 2021 Global Risks Report posits that climate change impacts cannot be ignored. Here we bring together a roundup of recent GC Capital Ideas posts focusing on climate change. The 2021 Global Risks Report is published by the World Economic Forum with support from Marsh McLennan. A Hot Opportunity – Four Trillion Reasons To Accelerate the Energy Transition: Today, it is ... 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 »
Address Ergonomic Problems Before Remote Work Becomes a Costly Risk
Last spring, workplaces across the world closed as COVID-19 spread. Millions of employees made the overnight shift to working from home, some from their couch, kitchen table or bedroom floor. Guy Carpenter, our clients and reinsurers were all up and running very quickly as we moved from our traditional office environments to remote working locations. We are proud of how the ... Continue Reading »
