1. COVID-19 Losses and Business Interruption – Leading Up to January 2021 Reinsurance Renewals: With regard to direct COVID-19 losses, many market commentators are revising their initial loss estimates downward, particularly in the domain of property business interruption (BI). Based on third-quarter earnings announcements to date, reported losses for COVID-19 reached just over ... Continue Reading »
Month in Review
GC Capital Ideas Top Stories: November 2020
1. Clarity Over Coverage is Critical as COVID-19 Casts a Shadow over January Renewals: Reinsurance renewal negotiations are delicately poised, with increasing pressure on rates, economic uncertainty and disputes over COVID-19 wordings putting long-standing relationships to the test, according to a recent article in Insurance Day from Massimo Reina, CEO for Continental Europe at ... Continue Reading »
GC Capital Ideas Top Stories: October 2020
1. Chart - Top 10 Largest Insured Losses vs Projections for COVID-19: The chart in the link below shows how industry loss estimates for COVID-19 put forward by a number of entities compare to other major insured events, in inflation-adjusted terms. View the chart >> 2. Why 2020 Has Made the Ever-Evolving Cyber Landscape Even More Dynamic: The insurability of ... Continue Reading »
GC Capital Ideas Top Stories: September 2020
1. Chart - Significant Insured Catastrophe Losses 2011 – 1H2020: The chart in the link below shows significant insured catastrophe losses between 2011 and the first half of 2020. View the chart >> 2. Mid-Year 2020 Reinsurance Renewal - Guy Carpenter U.S. Property Catastrophe Rate-On-Line (ROL) Index: The U.S. property catastrophe Rate on Line (ROL) index for January ... Continue Reading »
GC Capital Ideas Top Stories: August 2020
1. Silent Cyber – No Longer Silent: Silent (or non-affirmative) cyber refers to cyber-related exposure within many all-risk general insurance products. If no explicit cyber exclusion applies, coverage for losses caused by cyber perils may apply. This underlying exposure’s potential for aggregated loss is currently one of the major issues being considered by the (re)insurance ind ... Continue Reading »
GC Capital Ideas Top Stories: July 2020
1. Diversity is Key to a Successful Business: To tackle gender and diversity issues, corporate commitment goes a long way. “Our goal is to have a workforce that is representative of the society that we live in. We look at ways to unlock the full potential of our workforce by creating an inclusive culture where all can thrive and grow. Recruiting, retaining and developing d ... Continue Reading »
GC Capital Ideas Top Stories: June 2020
1. June 1, 2020 Reinsurance Renewal - COVID-19 Looks Set to Rank Among the Sector’s Most Expensive Events: Although considerable uncertainty remains over its ultimate cost, COVID-19 looks set to rank among the sector’s most expensive events. The pandemic has the potential to bring unknown loss impacts. It is also likely to be one of the slowest developing catastrophes that car ... Continue Reading »
GC Capital Ideas Top Stories: May 2020
1. COVID-19 Makes Digital Care the Norm in China: The global COVID-19 pandemic has hit healthcare hard, considering the immense pressure for the sector to build up capacity, to protect its workforce, to coordinate across public response and policy and to assure and serve the populace in many stages of worry or disease. As the government urged or mandated populations to stay at ... Continue Reading »
GC Capital Ideas Top Stories: April 2020
1. Private Equity Responses to COVID-19: COVID-19 has infected thousands of people globally and is taking its toll on individuals, families, and economies as productivity drops and stock markets reflect increased global uncertainty. Experts are monitoring numerous items in an attempt to determine how long this could last, and how it might play out. Read the article ... Continue Reading »
GC Capital Ideas Top Stories: March 2020
1. CAT-i Bulletin - Tennessee Tornadoes: In the early hours of March 3, 2020, severe thunderstorms spawned multiple tornadoes in Middle Tennessee, including an EF-3 tornado affecting parts of Nashville and a stronger EF-4 tornado in Putnam County. Read the article >> 2. Access to Private Capital Crucial to Governments’ Ability to Enhance Climate Resilience: Severe w ... Continue Reading »
