Geoffrey Sweitzer, Managing Director, GC Securities* Following U.S. hurricanes Katrina, Rita and Wilma in 2005 and the ensuing "hard" property catastrophe reinsurance market, reinsurers and investors increasingly started turning to sidecar insurance linked securities to access new and replacement capacity. ... Continue Reading »
GC Securities
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 »
Sidecars: Capitalizing on Market Cycles to Improve Client Solutions
Geoffrey Sweitzer, Managing Director, GC Securities* Following U.S. hurricanes Katrina, Rita and Wilma in 2005 and the ensuing “hard” property catastrophe reinsurance market, reinsurers and investors increasingly started turning to sidecar insurance linked securities to access new and replacement capacity. ... Continue Reading »
Guy Carpenter Announces New Division and Senior Appointments Designed to Deliver Enhanced Client Value
Guy Carpenter today announced the formation of a new Global Capital Solutions Group and a series of new leadership appointments related to the Jardine Lloyd Thompson Group plc (JLT) acquisition. These appointments will become effective upon closing of the transaction between Guy Carpenter’s parent company, Marsh & McLennan Companies, and JLT, which remains subject to the r ... Continue Reading »
Ensuring Innovation Is More Than a Cliché
The numerous challenges the insurance industry faces mean that innovation is critical to tackling them. Rob Bentley, Chief Executive Officer of Guy Carpenter's Global Strategic Advisory, describes how Guy Carpenter is helping its clients manage these challenges—especially the conundrum of InsurTech, in an interview that appeared in Intelligent Insurer magazine. Rate pressure, l ... Continue Reading »
Ensuring innovation is more than a cliché
The numerous challenges the insurance industry faces mean that innovation is critical to tackling them. Rob Bentley, Chief Executive Officer of Guy Carpenter's Global Strategic Advisory, describes how Guy Carpenter is helping its clients manage these challenges—especially the conundrum of InsurTech, in an interview that appeared in Intelligent Insurer magazine. Rate p ... Continue Reading »
Closing the Gap: Insurance Penetration and Public Sector Risk Financing in Asia Pacific – GC@SIRC Commentary
Michael Schwarz, Head of Public Sector, Asia Pacific Contact Our industry should be a critical contributor to increasing community resilience against volatility and shocks to their environments Public-private risk-transfer partnerships offer a huge opportunity for the insurance industry to grow. However, one size does not fit all. In addition to technical ... Continue Reading »
Maintaining Momentum – GC@BB Commentary
Des Potter, Managing Director, GC Securities* Contact Innovation key to London’s ILS success Robust pipeline of new applications Industry must work proactively with Prudential Regulatory Authority ... 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 »
