Lara Mowery, Managing Director and Julian Alovisi, Senior Vice President Contact Guy Carpenter offers the solutions to help (re)insurers manage the risks associated with hurricane exposures and preparedness through our forward looking hazard forecasting tools. Assessing the impact and potential loss damage of hurricane activity on a risk portfolio can now be accomplished with ... Continue Reading »
Lara Mowery
2010 Hurricane Season Begins: Knowing, Understanding and Better Managing the Risks, Part III: 2010 Hurricane Forecast
Lara Mowery, Managing Director and Julian Alovisi, Senior Vice President Contact To coincide with the start of the hurricane season, Guy Carpenter has summarized the various forecasters' predictions for the 2010 season. Several meteorologists have released forecasts for the forthcoming hurricane season and there seems to be a general consensus that 2010 will see unusually high ... Continue Reading »
2010 Hurricane Season Begins: Knowing, Understanding and Better Managing the Risks, Part II: Florida Hurricane Catastrophe Fund, Innovative Products
Lara Mowery, Managing Director and Julian Alovisi, Senior Vice President Contact Florida Hurricane Catastrophe Fund One of the critical components in the majority of Florida contracts renewing at June 1 is the structure of the Florida Hurricane Catastrophe Fund (FHCF). While factors influencing the FHCF structure overall were dealt with earlier than in prior years, there ... Continue Reading »
2010 Hurricane Season Begins: Knowing, Understanding and Better Managing the Risks, Part I: State of the Florida Marketplace
Lara Mowery, Managing Director and Julian Alovisi, Senior Vice President Contact The 2010 hurricane season kicked-off on June 1 and the meteorological forces wasted no time in getting down to business. Tropical storm Agatha slammed into Central America, killing at least 101 people. The hurricane season kick-off and the storm occurred as backdrops to the wrap up of the June 1, ... Continue Reading »
June 1 Reinsurance Rate Decreases are One Positive Development for Florida Companies
Lara Mowery, Managing Director Contact At each Florida renewal season there are many challenges companies face in designing and placing their reinsurance programs. This year was no exception. While companies deal with navigating the challenges of the Florida Hurricane Catastrophe Fund (FHCF) integration each year, 2010 also included heightened commentary by rating agencies ... Continue Reading »
29 Guy Carpenter Brokers Named to Risk & Insurance Magazine’s Annual “Reinsurance Power Brokers” List
Record Number of Guy Carpenter Brokers Selected in 2009, Accounting for More Than Half of All Industry Honorees An unprecedented 29 members of Guy Carpenter & Company, LLC's global broking team have been selected to Risk & Insurance magazine's 2009 "Reinsurance Power Brokers" list, the highest number among all reinsurance intermediaries. The annual Power Brokers ... Continue Reading »
Prop-Cat Reinsurance Rate Increases Steady at July 1 Renewal
Global Property Specialty and Business Intelligence Unit Contact Property-catastrophe reinsurance rate increases were steady at the July 1, 2009 renewal. In the United States and Latin America, capacity was sufficient to meet demand. U.S. property-catastrophe reinsurance rates increased 15 percent year-over-year, in line with the trend from January to June. In Latin America, ... 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 »
Rates Up on Tightening Capacity at U.S. 4/1 Prop-Cat Renewal
Lara Mowery, Managing Director and Head of Global Property Specialty Contact Reinsurance rates continued to increase for the U.S. property-catastrophe reinsurance market at the April 1, 2009 renewal, extending the trend that began at the beginning of the year. National programs were up 10 percent to 14 percent on a risk-adjusted basis, with those in the Northeast seeing 6 ... Continue Reading »
