Susan Witcraft, Managing Director, in Guy Carpenter's Instrat® Unit and leader of the Financial Intelligence Team, discusses capital allocation in this new GC Capital Ideas podcast. Click the audio player below to listen to the interview, or download the interview in a file that will work with your iPod. ... Continue Reading »
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Five Ways to Find and Manage Hidden Risks
Emil Metropoulos, Senior Vice President Contact Some casualty risk accumulations stay hidden, but this doesn't mean your exposure disappears. A single event could trigger a chain reaction of insured losses on professional and product liability covers, depleting your capital and possibly destroying shareholder value. In extreme cases, even solvency could be ... Continue Reading »
Florida Renewal up 15%, Follows the Global Trend
Lara Mowery, Managing Director and Head of Global Property Specialty Contact Property-catastrophe reinsurance rates increased by 15 percent at the Florida-centric June 1, 2009 renewal -- compared to a 15 percent decline a year ago. Capacity was more limited than in recent years -- however, still adequate to complete renewals. Though the ultimate result was higher than the 10 ... Continue Reading »
Cats and Credit Push Prices Up
Global Reinsurance Review January 2009 Reinsurance rate increases were moderate on average at the January 1, 2009 renewal. The Guy Carpenter World Rate on Line (ROL) Index rose 8 percent, in response to the dual pressures of a financial catastrophe and the second most expensive property catastrophe year on record. The degree to which prices increased was tempered by large ... Continue Reading »
The Adverse Development Super-Catastrophe
Gary Venter, Managing Director, Instrat® Contact Property catastrophes make the news. Tangible and visual, the carnage can be conveyed with ease, and all can grasp the direct implications immediately. Yet for (re)insurers, there's another type of catastrophe that could be far more destructive to balance sheets. This threat, which can remain hidden in a portfolio for decades, ... Continue Reading »
Climate Change: A Debate Reshapes (Re)insurance
By David Priebe, Chairman of Global Client Development Contact The climate change debate is likely to continue unabated well into the future. Even if it is not settled anytime soon, the debate itself has already begun to affect the (re)insurance industry. Risk-bearers deal in probability routinely, making climate change another likelihood to consider. In this manner, it has ... Continue Reading »
Chart Update: Shareholders’ Funds Development
As third quarter results become available, Guy Carpenter will continue to update the Shareholders' Funds Development chart. With the latest information, the analysis has not changed, indicating that the latest results are consistent with early insights. To download this chart, right-click on the image, and select “Save Picture As”. If you have any trouble, please e-mail us. ... Continue Reading »
Chart Update: Changes to Shareholders’ Funds by Region
As third quarter results become available, Guy Carpenter will continue to update the Changes to Shareholders' Funds by Region chart. With the latest information, the conclusions have not changed, indicating that the latest results are consistent with early insights. To download this chart, right-click on the image, and select “Save Picture As”. If you have any trouble, please e- ... Continue Reading »
Chart Update: Post-Tax Hurricane Exposures
As third quarter results become available, Guy Carpenter will continue to update the Post-Tax Hurricane Exposures chart. With the latest information, the analysis has not changed, indicating that the latest results are consistent with early insights. To download this chart, right-click on the image, and select “Save Picture As”. If you have any trouble, please e-mail us. ... Continue Reading »
Book Value Update, Nov 17, 2008
As publicly traded (re)insurers continue to report their third quarter results, the impact of the ongoing financial catastrophe is becoming more noticeable. All three indices lost value over the past week. The S&P 500 Insurance Index, S&P Banks Index, and Dow Jones Euro Stoxx Insurance Index all saw declines in their weighted average book values, according to data from ... Continue Reading »
