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GC Capital Ideas

Week’s Top Stories: February 8 – 14, 2020

Global Risks Report 2020 - Macroeconomic Risk Factors: During the last decade, moderate but stable growth has given way to what the International Monetary Fund (IMF) has called a “synchronized slowdown” — weakened growth among the world’s economies. Last year’s Global Risks Report, produced by the World Economic Forum (WEF) in partnership with Marsh & McLennan and Zurich Ins ... Continue Reading »

January 1, 2020, Reinsurance Renewals: Casualty

The backdrop to casualty reinsurance renewals at January 1, 2020 was more difficult, as heightened litigation costs, more generous jury verdicts and shifting attitudes in the United States forced reinsurers to adopt more cautious underwriting positions. Higher loss cost trends, increased frequency of severity and loss development beyond reinsurers’ expectations led to market t ... Continue Reading »

The Novel Coronavirus May Damage Aviation More Than SARS

Since December, the novel coronavirus that began in the Chinese megacity of Wuhan has infected more than 24,000 people and killed almost 500. It is well on its way to becoming a pandemic — defined as an ongoing epidemic that has spread to two or more continents. The World Health Organization has declared a global health emergency, and the United States has temporarily banned e ... Continue Reading »

GC Capital Ideas Top Stories: January 2020

1. 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. Read the article >> 2. CAT-i Report on Australia Bushfires – J ... Continue Reading »

Global Risks Report 2020: Macroeconomic Risk Factors

During the last decade, moderate but stable growth has given way to what the International Monetary Fund (IMF) has called a “synchronized slowdown” — weakened growth among the world’s economies. Last year's Global Risks Report, produced by the World Economic Forum (WEF) in partnership with Marsh & McLennan and Zurich Insurance Group, cautioned that a gradual deceleration was ... Continue Reading »

Week’s Top Stories: February 1 – 7, 2020

January 1, 2020, Reinsurance Renewals - Property Catastrophe: Pricing corrections in the property catastrophe reinsurance market over the last few years have been localized, and mitigated to some extent by sufficient levels of capacity. These traits, along with the fact that the mix of loss-affected and non-loss-affected business up for renewal at January 1 is more diverse than ... Continue Reading »

January 1, 2020, Reinsurance Renewal: Key Takeaways

Guy Carpenter this month released its briefing on the 2020 reinsurance market renewal environment.  Here are the key takeaways from our analysis of the renewal: • The reinsurance market is healthy and responsive overall. • Dedicated reinsurance capital remains abundant, with a modest increase over last year-end, driven by rated capital. • Market adjustments are occurr ... Continue Reading »

How Can Large Asset Owners Make the Most of Nontraditional Risks?

Asset owners and investment managers pursuing sustainable capital growth face a new world of risk. The challenges, as highlighted in the World Economic Forum’s most recent Global Risks Report, don’t fit within conventional investment theory, according to Fiona Dunsire, Wealth Leader of Growth Markets at Mercer, Peter Grant, Principal at Mercer Investments and Richard Silvan, Inv ... Continue Reading »

January 1, 2020, Reinsurance Renewals: Property Catastrophe

Pricing corrections in the property catastrophe reinsurance market over the last few years have been localized, and mitigated to some extent by sufficient levels of capacity. These traits, along with the fact that the mix of loss-affected and non-loss-affected business up for renewal at January 1 is more diverse than at mid-year, created a wide range of outcomes, including ... Continue Reading »