Here we review recent GC Capital Ideas posts covering insights on modeling. A Risk Overview of Wildfire: Today, the frequency and severity of wildfires are garnering greater attention - not only from the media, but also from (re)insurers, catastrophe modelers, mitigation experts and other invested parties. Read the article >> Understanding Flood Risk in Malaysia ... Continue Reading »
catastrophe bonds
What Is the Future of Alternatives to Traditional Insurance Markets?
Brian C. Elowe, Chief Client Officer for Marsh North America Contact There's been much discussion in risk finance circles over the past decade about alternatives to traditional insurance markets. Much of the focus has been on the provider side - the pension funds, sovereign wealth funds and other investors that provide the capital behind so-called alternative risk ... Continue Reading »
Methodological Considerations in the Statistical Modeling of Catastrophe Bond Prices
John Major, Director of Actuarial Research Contact John Major has authored an article that aims to help actuaries, financial analysts, statisticians, data scientists and their clients better investigate how property catastrophe risk, and particularly catastrophe bonds, are priced. As in any technical discipline, statistical modeling has its customs, templates and default ... Continue Reading »
First Singapore Catastrophe Bond Sets Stage for ILS Expansion in Asia-Pacific
The first catastrophe bond has been issued out of Singapore. This highlights the potential of the insurance- linked securities (ILS) market in the region, and is aligned with the city-state's efforts to establish itself as a global hub for Asian risk transfer. The bond is sponsored by Insurance Australia Group (IAG) as part of its 2019 catastrophe aggregate reinsurance cover ... Continue Reading »
GC Securities Acts as Sole Structurer and Placement Agent for First Cat Bond to Transfer Standalone Terrorism Risk to the ILS Market
GC Securities*, a division of MMC Securities LLC, a US registered broker-dealer and member FINRA/NFA/SIPC, today announced the placement of GBP 75,000,000 Series 2019 Principal At-Risk Variable Rate Notes issued through Baltic PCC Limited, a protected cell company domiciled in the United Kingdom, on behalf of Pool Re. ... Continue Reading »
Closing the Gap: Public Sector Risk Financing Solutions Increase Community Resiliency – GC@BB Commentary
Jonathan Clark, Head of Public Sector Specialty, U.S. Contact Only 33 percent of economic disasters are alleviated through (re)insurance Recent functional risk transfer mechanisms use advances in data, analytics and modeling Guy Carpenter and GC Securities* are working with over 100 public entities around the globe ... Continue Reading »
ILS Market Looks to Asia for Further Growth
The insurance linked securities (ILS) market is now over two decades old. Since the execution of the first catastrophe bond transaction in the late 1990s, the alternative risk transfer market has evolved and matured impressively. Guy Carpenter’s Shiv Kumar, President and Global Leader of GC Securities,* Capital Markets, provides some insight. ... Continue Reading »
Closing the Gap: Public Sector Risk Financing Solutions Increase Community Resiliency – GC@MC Commentary
Jonathan Clark, Head of Public Sector Specialty, U.S. Contact Only 33 percent of economic disasters are alleviated through (re)insurance Recent functional risk transfer mechanisms use advances in data, analytics and modeling Guy Carpenter and GC Securities* are working with over 100 public entities around the globe ... Continue Reading »
FEMA Expands Reinsurance Initiative – “FloodSmart Re” the First Cat Bond to Ultimately Benefit a Federal Agency
GC Securities* Acts as Sole Structuring Agent and Co-Bookrunner. The Federal Emergency Management Agency (FEMA) announced its August 1, 2018 reinsurance placement for the National Flood Insurance Program (NFIP). For the first time, FEMA has secured reinsurance ultimately backed by capital markets investors, continuing efforts to better manage the NFIP’s financial risk. ... Continue Reading »
Chart: Top Ten Catastrophe Bond Transactions In 2017
The table lists the top ten catastrophe bond transactions that were completed in 2017. ... Continue Reading »
