Reinsurance renewals at January 1, 2020, were shaped by deteriorating loss experience, a lack of new capital inflows and increasingly challenged environments in the primary insurance and retrocession markets, according to Guy Carpenter. In its initial view of the January 2020 renewal, Guy Carpenter said that while reinsurance supply was largely sufficient to meet increasing ... Continue Reading »
Priebe (David)
Guy Carpenter Appoints David Priebe Chairman
Guy Carpenter today announced a key leadership change to further its growth strategy. David Priebe has been appointed to the role of Chairman of Guy Carpenter, effective immediately. Mr. Priebe will continue to report to Guy Carpenter's President and CEO, Peter Hearn, and will continue as a member of the company's Executive Committee. ... Continue Reading »
Guy Carpenter Selected by CEA on Wildfire Fund Reinsurance and Risk Transfer Program
Guy Carpenter & Company today announced its appointment as the sole reinsurance intermediary for the newly formed California Wildfire Fund, which is currently being administered by the California Earthquake Authority (CEA). Guy Carpenter will provide strategic reinsurance and advisory services to develop a risk transfer and reinsurance strategy for the California ... Continue Reading »
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 »
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 »
Reinsurance Rate Movement Limited at January 1 Despite Uncertainty over Pricing Adequacy and Available Capital
The overall impact of catastrophe losses on property rates was muted at the January 1, 2019 reinsurance renewals, but the fourth highest annual catastrophe loss year on record did create questions over pricing adequacy, underwriting strategy and the amount of capital available, says Guy Carpenter. ... Continue Reading »
A Strategic Approach to Profitable Growth – GC@BB Commentary
David Priebe, Vice Chairman Contact Availability of rich data sets and analytic solutions enables evaluation of opportunities Companies seeking growth must evaluate their existing distribution channels Drones and self-driving cars present challenges for (re)insurers ... Continue Reading »
