With the infrastructure boom set to fuel global economic growth over the next decade, the construction industry must address the mounting pressures associated with climate change and the race to net zero greenhouse gas emissions (net zero), according to a report published today by Marsh and Guy Carpenter, both businesses of Marsh McLennan, the world’s leading professional ... Continue Reading »
insurance
144a Catastrophe Bonds Represent Growing Share of Alternative Capital Segment
As risks in the reinsurance world have grown more complex and investors are seeking greater yields, the 144a catastrophe bond market is on track for a record issuance year in 2021. In the first six months of the year, USD 7.9 billion in new bond issuance entered the market, via 27 unique transactions for 26 different sponsors. First-time sponsors include reinsurers, Florida ... Continue Reading »
Capital Resilient Despite Major Loss Activity
The reinsurance industry has seen new capital formation activity following the COVID-19 outbreak last year, and there has been favorable growth in premium and in the investment environment this year. There is now increasing clarity around COVID-19 exposures, and the industry enjoys diversification and scale benefits. Guy Carpenter and A.M. Best jointly estimate the total ... Continue Reading »
Video: Guy Carpenter’s James Boyce: The 30-Minute Monte Carlo
Guy Carpenter’s James Boyce, CEO, Global Specialties, joins Sophie Roberts of The Insurer for The 30-Minute Monte Carlo to discuss some main themes of what would have been discussed at the annual Rendez-Vous de Septembre in Monte Carlo. ... Continue Reading »
Podcast: Stress Testing Our Mutual Future
In this edition of the Insurance Uncovered podcast from the National Association of Mutual Insurance Companies (NAMIC), Guy Carpenter’s Scott Rubenstein, Managing Director, US Mutuals Segment, and Blake Berman, Managing Director, Strategic Advisory, join NAMIC President & CEO Neil Alldredge to discuss the collaboration between Guy Carpenter and NAMIC to measure the exposure ... Continue Reading »
Parametric Insurance: A Tool To Increase Climate Resilience
Parametric covers are alternative risk solutions provided by insurance and reinsurance companies that enable organizations to finance or to transfer risk in a non-traditional way. Coverage is triggered based on reaching specific thresholds such as sustained winds of a set speed in miles per hour, providing important protection to pave the way toward recovery from weather ... Continue Reading »
Pandemic Recovery Presents Issues Within Infrastructure
The global COVID-19 pandemic caused significant decline in demand for many infrastructure assets, as demand for air travel decreased, energy use declined and toll-road revenue diminished. As the economy emerges, owners and operators of infrastructure will need to position themselves effectively for a return to full capacity. This includes addressing trust issues, responding to ... Continue Reading »
Balancing Act: Reinsurance Market to Balance Abundant Capital, Pricing Discipline
In this interview with The Insurer, Charles Whitmore, President, Global Accounts, Guy Carpenter, discusses how buyers can look forward to a healthy reinsurance market while carriers will be focusing on pricing priorities, and terms and conditions. ... Continue Reading »
(Re)insurance Industry Continues To Demonstrate Resilience in Challenging Market
The convergence of tangible and intangible challenges facing the (re)insurance industry is creating one of the most dynamic and potentially volatile environments in recent market history, yet (re)insurers continue to demonstrate their resilience through their ability to adapt and respond. This is according to panelists at a recent virtual media briefing, Moving Forward, hosted ... Continue Reading »
Chart: Surety Results Remain Relatively Stable Over Time
Surety industry underwriting results have remained relatively stable since 2005. Loss activity spiked in the early 2000s, leading to combined ratios ranging between 124 percent in 2001 and 117 percent in 2004 (see Figure 1). Factors contributing to the high combined ratios in the early 2000s included sharply increased competition in the surety sector in the late 1990s, higher ... Continue Reading »
