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 »
Cory Anger
Guy Carpenter Extends Capital Markets Expertise with Hire of President and Global Leader, GC Securities, Capital Markets
Guy Carpenter, a leading global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies, today hired Shiv Kumar as President and Global Leader of GC Securities,* Capital Markets. Mr. Kumar was previously Global Head of Insurance Structured Finance at Goldman, Sachs & Co. His 23 years of experience in the (re)insurance sector and ... Continue Reading »
New Vehicle Matches The Right Capital To Risk
Cory Anger, Global Head of ILS Origination and Structuring, GC Securities and David Priebe, Vice Chairman Contact A new Marsh & McLennan vehicle provides unparalleled support in accessing long-term capital markets-based protection A broader and more diverse range of capital sources brings better matching, more efficient solutions customized to the unique risk profile ... Continue Reading »
New Vehicle Matches The Right Capital To Risk – GC@PCI Commentary
Cory Anger, Global Head of ILS Origination and Structuring, GC Securities and David Priebe, Vice Chairman Contact A new Marsh & McLennan vehicle provides unparalleled support in accessing long-term capital markets-based protection A broader and more diverse range of capital sources brings better matching, more efficient solutions customized to the unique risk profile ... Continue Reading »
GC Securities and Marsh Captive Solutions Introduce Cerulean Re
GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the establishment of Cerulean Re SAC Ltd. (Cerulean), a private syndicated collateralized reinsurance platform and Bermuda registered segregated account company (SAC) and licensed special purpose insurer. ... Continue Reading »
GC Securities Completes First Listed P&C Cat Bond Issued by World Bank International Bank for Reconstruction & Development’s Capital-at-Risk Program
GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the placement of a catastrophe bond benefitting the government of Mexico's Fund for Natural Disasters (FONDEN). The $360,000,000, three-class catastrophe bond is issued by the International Bank for Reconstruction and Development ("World Bank" or "IBRD"), ... Continue Reading »
Public Sector Risk Financing Perspectives – Pandemic Risk: Part II
Cory Anger, Global Head of ILS Structuring, GC Securities* Contact As investors become comfortable with pandemic risk, alternative capital is beginning to pivot its capacity to providing more action oriented pandemic protection during the beginning or ongoing phases of a pandemic (1) rather than focusing solely on replenishing capital post-event. Alternative capital also has ... Continue Reading »
Public Sector Risk Financing Perspectives – Pandemic Risk: Part I
Cory Anger, Global Head of ILS Structuring, GC Securities* Contact Public entities’ use of capital markets-based risk transfer capacity for the assumption of natural disaster losses, such as the cost of emergency relief and infrastructure and property damage has demonstrated success in de-risking public sector balance sheets. Capital markets innovators are beginning to leverage ... Continue Reading »
GC Securities* Completes First Ever Indemnity Triggered Multi-Europe Peril Only 144A Catastrophe Bond for Assicurazioni Generali S.p.A.
GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the placement of Principal At-Risk Variable Rate Notes, with notional principal at €200,000,000, through a newly formed special purpose vehicle domiciled in Ireland, Lion II Re DAC, to benefit Assicurazioni Generali S.p.A., an Italian insurance company and ... Continue Reading »
Expanding Range Of Capital Sources Offers Benefits: Part II
David Priebe, Vice Chairman and Cory Anger, Global Head of ILS Origination and Structuring at GC Securities* Contact “Historically, traditional reinsurers increase their premium rates after industry catastrophe events in order to replenish capital and attract new capital, with the goal of reaching overall premium rate adequacy and restoring returns on equity to levels more c ... Continue Reading »
